Posts tagged CPM Cos

Small is in and that means more micro apartments are coming to Minneapolis.

As preparations are made for work to begin on the new Theater Marquee Apartment project at the corner of Lyndale Avenue and Franklin Avenue, another new residential project has been proposed across the street.

CPM Cos is planning a 5 story residential building with 75 units at 209 Lyndale Avenue S, a site that sits directly next to Mortimer's Bar. The project would feature "micro" apartment units that would range from 363 to 482 square feet in size.

These "micro units" are a growing trend in Minneapolis as they allow renters to rent smaller units that are more affordable, allowing for a greater number of residents from different incomes to be able to live in these new residential projects sprouting up all across the city.

The new residential building would feature 32 parking spaces with 28 of those being interior spaces on the first floor of the building. Also on the first floor would be a fitness center for the building's residents along with a lounge. Each floor would contain 15 residential units with the units almost evenly being split between studios and one bedrooms.The exterior of the project will be clad in aluminum metal siding and fiber cement siding with tones of whites and grays being used.

Set to go before the City of Minneapolis Planning Commission this week, construction could begin a soon as this Spring with a completion likely in Spring 2018.

Apartments planned for Uptown site

More housing is on the drawing boards for Uptown.

The site of Cheapo Records is scheduled to be purchased by CPM Cos. in the fall in order to make way for a six story residential building that would feature apartments along with retail and office space.

20,000 square feet of retail space is planned for the ground floor (likely to house a restaurant among other retail tenants) and 5,000 square feet of office space is planned for the second level. At the moment the exact number of apartment units planned for the project has yet to be disclosed. 

And for all those who love Cheapo there is no need to worry about them disappearing. Currently they're currently looking for a new location within the neighborhood to move to once their lease expires in August. 

ESG Architects

ESG Architects

Above: Cheapo's Uptown location. The Walkway luxury apartments are located directly behind the site.

The project would be directly next to The Walkway, a 92 unit luxury (and when we say luxury we mean LUXURY) apartment building that opened last year. It also would be blocks away from the new condominium project announced last week by Graves Hospitality.

ESG Architects is behind the design of the project. It features what appears to be a gold, grey, and white color scheme. At the each corner there are seven story "end caps" that feature large balconies. It appears that almost all the units in the building would have a balcony.

If all goes according to plan CPM hopes to close on the site in the fall and have construction underway by February 2016.