As Robin Repya reports in the Southwest Journal, Greco Real Estate Development plans to acquire the former Arcee Rental building at 29th and Lyndale as well as several other parcels for a proposed 250-to-300 unit condo project that would range from two to 10 stories high along the Midtown Greenway.
Critics of the Lagoon Project, the develper of which is revising the design after the City Council rejected its 130-story condo tower, have said the council's stated willingness to accept a 10-story design at Lagoon will encourage higher density projects through the area. "We were assured that [the Lagoon project] would not be a precedent-setting decision," said Laura Norkis-Crampton.
mpls: Lyndale & Lake condo tower
The November issue of the Mpls Observer has a note about a possible 10-story condo going up at Lyndale and Lake St.