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Dayton's Project owner regains control, extends loan
Developer 601W Cos. regained control of the Dayton's Project in downtown Minneapolis after attorneys asked to discharge a court-appointed receiver and secured a mortgage amendment extending the loan to June 1, 2029. Minneapolis / St. Paul Business Journal
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Developers revive stalled riverfront site for senior housing
Bluff Street Development proposes a 104-unit affordable senior housing building at 600 Main St. SE near the Stone Arch Bridge in Minneapolis. Minneapolis / St. Paul Business Journal
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Minneapolis moves toward legalizing and regulating sex-venue bathhouses
A Minneapolis City Council committee advanced a package of ordinances on June 17 that council members say would legalize and regulate commercial sex venues long banned in the city since 1988. FOX 9
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Former Wells Fargo mortgage campus to add 1,000 homes
Novarum Development Partners said it will convert the 25-acre former Wells Fargo Home Mortgage campus at 2701 Wells Fargo Way in south Minneapolis into "Iconic Plaza," a mixed-use project that will add roughly 1,000 homes. Minneapolis / St. Paul Business Journal
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$28.5M Adora Apartments eyed for Bloomington land
Twin Cities developer JO Cos. has proposed a $28.5 million, 52-unit affordable housing project called Adora Apartments on three city-owned parcels in Bloomington. Minneapolis / St. Paul Business Journal
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LivCor to pay $7M in rent-fixing settlement
LivCor agreed to pay $7 million to settle an illegal rent-fixing lawsuit tied to a multistate probe of algorithmic pricing, resolving claims its leasing practices inflated rents in markets including the Twin Cities. FOX 9
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Affordable housing planned at former ADM mill site
Hennepin County has dedicated $480,000 to the Woodson, an affordable housing project planned at 3501 Hiawatha Ave on the former ADM mill site in Minneapolis. Minneapolis / St. Paul Business Journal