minneapolis

Lake of the Isles, Estate of the Day

Filed under: Estates

I found this home in Minneapolis rather intriguing. The property takes up a nice 1.27 acre site and the 6400-square-foot home has a unique look. The listing says it was built in 1958. The large glass windows offer lake views. The decor is a bit odd, it looks like an office or a hotel rather than a personal residence and there appears to be liberal use of pink LED lights. The home also includes a private courtyard pool. It is listed at $5.3 million.

Gallery: Lake of Isles

Tags: estate of the day, minneapolis, minneapolis real estate, minnesota real estate

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Grand Hotel In Minneapolis Gets New Owners

by Deidre Woollard (RSS feed) —

Filed under: Luxury Travel & Hotels

Minneapolis' beautiful Grand Hotel has new owners. The historic hotel sold for $33 million to the Pebblebrook Hotel Trust. The Minneapolis Star-Tribune reports that the hotel went back to the lender earlier this year. Pebblebrook Hotel Trust plans to invest about $4.5 million in the 140-room hotel and it will be managed by Kimpton Hotels and Restaurants. The hotel has 19 suites and a 3,500-square-foot Presidential Suite. Rates start around $180 per night.

The hotel was was owned by Jeff Wirth, president of the Wirth Cos. who bought it in the late 1990s and spent around $50 million turning it into a luxury hotel. Wirth put the Grand Hotel on the market late last year and Pebblebrook agreed to buy it for $36 million but nearly backed out of the deal, finally settling for $33 million. The hotel remains open during the transition.

Tags: grand hotel, minneapolis, minneapolis hotel

Lake of the Isles, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Today's home on Minneapolis's Lake of the Isles Parkway was built in 1911. The four-bedroom home was built in 1911 but has been completely renovated into a modern home. It was last sold in 2004 for $4 million. The decor is a bit fanciful, the kitchen has the word "eat" stenciled against the countertop and a ceiling decorated like a checked tablecloth and murals that mimic curtain draperies decorate other walls. The most overdone room is the colorful children's playroom which includes a giant beach umbrella. Furnishings aside, the home's natural lines are classically graceful with a large skylight adding plenty of natural light. This home is listed at $5.495 million.

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Gallery: Lake of the Isles

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Tags: estate of the day, EstateOfTheDay, lake of the isles, LakeOfTheIsles, minneapolis, minnesota

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No No Nicollet in Minneapolis?

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

Even in 2006, when we first wrote about the Nicollet, a dramatic condo project planned for Minneapolis, we were a little skeptical. Now given the the current state of the housing market it's not such a big surprise to hear that the NIcollet might never come to pass. The Minneapolis-St. Paul Star Tribune reports that another development partner has bowed out of the Nicollet. Opus Northwest parted ways with Twin Cities developers Pratt Ordway Properties and Hunt Associates. The project has had a complicated history. The project was originally proposed in 2004. In 2005, Pratt and Hunt bought out the the 50 percent interest of Twin Cities architect Jeff McDonell and home builder Ron Johnson. in @006, they recruited HInes Interests to build the project, Hines then dropped out and was replaced by Opus. The condo units are no longer being marketed by Pratt says he is still hopeful that firm plans for the project will materialize within the next year.

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Tags: condo, condominium, minneapolis, minnesota, nicollet

The Foshay Tower To Become A Luxury Hotel

by Deidre Woollard (RSS feed) —

Filed under: Luxury Travel & Hotels

The W hotel brand is taking on an old Minneapolis landmark for their latest Midwest hotel. The Foshay Tower is a striking 447-foot Art Deco tower. The W Hotel will transform the Foshay into a hotel with 229 guest rooms, including 18 suites. The tower will also be home to a signature restaurant, skybar lounge, fitness center, meeting space and a destination bar. The new Foshay will preserve many of the building's original design details such as Italian marble, terrazzo floors, ornamental bronze and a massive, gold and silver-plated lobby ceiling. Because they don't have a whole building to create, this W hotel has a pretty fast turnaround, and it is set to open in late 2008. The W hotel isn't the first luxury hotel to take over an older building in Minneapolis. In May, the Twin Cities' first Westin hotel opened in the Farmers & Mechanics Bank building at 88 S. Sixth St. in downtown Minneapolis.

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Tags: foshay tower, FoshayTower, hotel, midwest, minneapolis, w hotel, WHotel

Ivy Hotel and Residence

by Deidre Woollard (RSS feed) —

Filed under: Estates

In these days of real estate peril here's a tale on pretty smart investment. The Ivy Tower in Minneapolis was once to be destroyed, now it is part of luxury hotel and condo project. John Laux and his business partner Gary Benson bought the Ivy Tower for $400,000 in 2000 with an eye toward creating boutique-style offices. Later they changed plans, getting financing for the $100 million project in 2005. The original tower is now incorporated into two larger structures the Ivy Hotel +Residence, a 26-story tower for condo units and a 19-story building that along with the original 10-story tower, make up the hotel. The condo units were originally priced from around $250,000 to $2 million. The Ivy is now ready for completion and just five of the original 92 condominiums remain unsold. Some purchasers even bought two units to turn them into one larger space. The first condos will be ready next year and the hotel is to open late next month. The Ivy is part of Starwood Hotel and Resort's Luxury Collection and residents will have access to all hotel amenities.

[via Minneapolis Star Tribune]

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Tags: condo, condominium, ivy hotel, IvyHotel, minneapolis, minnesota

Westin Opens In Minneapolis

by Deidre Woollard (RSS feed) —

Filed under: Luxury Travel & Hotels

Minneapolis is becoming one hot city with a variety of new condo developments planned. Minneapolis takes another big step toward big city land with the opening of their very own Westin. The Westin Minneapolis has opened in the historic Farmers & Mechanics Bank Building in the heart of downtown Minneapolis. The building has a distinctive 34-foot vaulted entryway and lobby and a restored marble staircase. There are 214 guestrooms including a penthouse suite with an outdoor patio and a Bankers Boardroom with floor to ceiling windows. The Bank restaurant has a vaulted ceiling and serves contemporary cuisine. Rates start around $220.

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Tags: hotel, minneapolis, minnesota, travel, vacation, westin

Lake of the Isles, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

I am a bit of a sun bunny so I don't often venture too far into the colder areas but there are some serious real estate values in colder areas. Today's estate is located in Minneapolis, Minnesota. This lovely Georgian Revival which was built in 1917 has eight bedrooms and nearly 9,000 square feet of space. The home has been updated and some rooms such as the gourmet kitchen and the library are a bit heavy on the dark wood but in keeping with the overall look of the home. This sprawling home sits on less than an acre but it does have a matching carriage house and boasts impressive lake and skyline views. it is listed at $4.5 million. After the jump, your Minne mansion.

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Tags: estate of the day, luxury estate, minneapolis

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The Nicollet to Slice, Not Scrape

by Anton Friant (RSS feed) —

Filed under: Estates

While over-zealous condo developers backpedal a bit all around urban America, the forces behind The Nicollet are still confident that their ultra-modern "sky-slicer" will entice you deep pocketed hipsters to fork over $300k for a one-bedroom 700 sq. ft. mini-loft in downtown Minneapolis. The building certainly plans to succeed in said wooing, having already committed upscale restaurants and posh shops to its street-level real estate. And if you're after one of the building's signature "Summit" penthouses you'd better come with your thinking cap; the $3 mill+ price tags include a personal architect to help you customize your very own 6,000 ft floor plan.

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Tags: condo, loft, minneapolis, nicollet

Chambers Minneapolis, A New Art Hotel

by Deidre Woollard (RSS feed) —

Filed under: Luxury Travel & Hotels

Minneapolis gets a bad rap but the bustling city actually has a lot to recommend it, including a swanky new design hotel. Chambers Minneapolis is the sister to the New York hotel and is designed to appeal to the artsy set in the town. The design is minimalist chic accented by almost 250 original artworks. The hotel corridors feature video installations. The hotel is home to 45 guestrooms and 15 suites which boast rain showers, heated floors, LCD televisions and Italian glass tiles. New York-aspirational dining is provided by a the Chambers Kitchen which features dishes by Jean-Georges Vongerichten. Hotel Chatter reports that the rooms generally start t $450 but that now through December there is a Grand Opening rate, offering king studios from $225 per night.

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