Star Tribune: Upscale Condo Tower Has Yet To Rise In Minneapolis, But More Than Half Of Its Units Have Sold

By: Nicole Norfleet, Star Tribune

Article Excerpt: 

The Eleven condominium tower in downtown Minneapolis has sold more than half its 118 residences barely four months since construction began.

The 41-story tower, which is being built in the Mill District off W. River Parkway close to Gold Medal Park, will be the tallest residential building in the city upon its expected completion in late 2021.

“We knew there was a severe lack of inventory in the luxury condo market in the Twin Cities area and the pace at which these homes have sold bears that out,” said John Wanninger of WMG Partners at Lakes Sotheby’s International Realty, which is selling the Eleven condos, in a statement. “What has been extremely gratifying is that this project defies the norms of a typical winter project. December and January felt like a spring market, and we are very happy with our sales for the project overall.”