Elevator use in Twin Cities towers will change because of COVID-19

Steve Minn, vice president of Lupe Development Partners, said the virus made him rethink the elevator technology in the three apartment buildings his group is building on Lake Street near Lyndale Avenue in Minneapolis.

Read more about changes to commercial buildings and elevators in the Star Tribune.

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Introducing Wirth on the Woods

With many creative and inspiring submissions from residents in the Bryn Mawr neighborhood, Lupe Development Partners is proud to announce a new name for our senior housing campus at 2800 Wayzata Boulevard: Wirth on the Woods. The individual buildings for our senior living communities will be named The Theodore (affordable) and The Eloise (market-rate), in an homage to the beautiful setting of Theodore Wirth Park and the Eloise Butler Wildflower Garden.

Wirth on the Woods is a collaboration between Lupe Development and Swervo Development Corporation to deliver 99 units of affordable senior housing in a six-story building (The Theodore) and 100 units of market-rate senior housing (The Eloise) in another six-story building. These properties will share amenities, including an outdoor courtyard, garden and greenhouse. The campus also includes a renovated commercial building.

We are incredibly inspired by the thought and creativity that our neighbors put into the naming contest. We received more than 65 submissions! Many of them were inspired by the nature, people and history of this neighborhood. A selection committee including Minneapolis Council Member Lisa Goodman and representatives from the development team reviewed and selected the winning theme.

Congratulations to Liana Linnerooth, Tami Galvin and Emma Butzer for inspiring the new name and bringing a greater sense of community to the development. Each winner will receive gift cards to two of our favorite area businesses – $75 to Cuppa Java and $175 to La Mesa. We can’t wait to welcome our neighbors to Wirth on the Woods.

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City OKs remaining pieces of Lake St. housing development in Minneapolis

Lupe Development Partners plans to begin construction in August on the second phase of its mixed-income campus near the Uptown intersection of Lyndale Avenue and Lake Street.

Read more about this project in the Star Tribune.

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City approvals jumpstart second and third phases of Lupe Development Partners’ mixed-income project at Lyn-Lake

Construction to begin on entry-level market-rate building this summer

A view of all three phases along Lake Street.

MINNEAPOLIS, MINN. — Following approvals from the Minneapolis City Council, Lupe Development Partners announced today it will start construction this summer on the second phase of its mixed-income campus in the Whittier neighborhood of Uptown, near the intersection of Lyndale Avenue and Lake Street. The developers also received approval for a third building, scheduled for construction in 2021.

The first project, called “Lago” at 500 W. Lake Street, is a seven-story, market-rate building with 132 units and 1,700 square feet of ground floor commercial space. Lago will contain studios, one‐bedroom and two‐bedroom units as well as townhome units, all priced to attract entry-level renters working in the area. The project is adjacent to Lake Street Dwelling, a 111-unit affordable building now under construction at 410 W. Lake Street. Phase three of the campus will be a future affordable building at 550 W. Lake Street with up to 95 units. Taken together, 61% of the campus could be affordable, offering a mix of high‐quality rentals with shared amenities at affordable price points.

“We are excited to continue the momentum for our mixed-income campus at Lyn-Lake,” said Steve Minn, vice president and chief financial manager of Minneapolis-based Lupe Development Partners. “With the recent devastation along Lake Street, continued investment in this neighborhood is critical. These projects fill a critical need for high-quality housing and amenities without the luxury price tag. Transit options on Lake Street are only getting better, and we will be in close proximity to the many jobs and employers in the area.”

Common amenities at Lago will include a green roof, a bicycle maintenance and repair room, a fitness facility, a business center, and community room spaces. Construction is expected to begin this August. Phase three, which was also approved by the Minneapolis City Council last week, is slated for construction in 2021. Lake Street Dwelling, the project currently under construction, is expected to welcome its first residents in October.

About Lupe Development Partners

Lupe Development Partners is a Minneapolis-based, women-owned enterprise that plans, develops, and manages residential and mixed-use real estate in the Twin Cities urban core. Since 1989, the company has developed, owned, and/or renovated more than 1,200 apartment or condominium units and more than 1 million square feet of retail, residential, and industrial property. Lupe Development Partners has recently completed several affordable housing projects, including Broadway Flats and Mill City Quarter in Minneapolis and East Side Apartments in Saint Paul.

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Retail requirement reversed for LynLake apartment

In May, the Planning Commission approved Lupe Development Partners’ plans for two seven-story apartment buildings — one with 132 market-rate units, the other with 95 more affordable units — on Lake Street between Garfield and Harriet avenues.

Read more about this decision in the Southwest Journal.

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Lake Street Dwelling team brings lunch to Lyn-Lake neighborhood volunteers

The team behind Lake Street Dwelling – comprised of Lupe Development Partners and Frana Companies – held a community lunch on June 11 to thank volunteers working to rebuild Lake Street. With the recent devastation along Lake Street, neighborhood organizations including the Lake Street Council, Lyn-Lake Business Association, and Whittier Alliance have been instrumental in cleanup efforts, coordinating supplies and raising funds to invest in the community.

Community lunch for neighborhood volunteers.

More than 250 people joined the Lake Street Dwelling team for lunch catered by Lu’s Sandwiches, Los Ocampo and Lago Tacos. Additional meals were donated to Provision Community Restaurant, which provides meals for people in need using a pay-what-you-can model.

“We have seen this community come together and help rebuild this important neighborhood. The resilience of the Lake Street retail and residential community inspires us,” said Steve Minn, Lupe’s vice president and chief financial manager. “We look forward to being an active part of the community and wanted to express our appreciation and respect for our neighbors who have helped us get these important housing projects underway.”

Neighborhood volunteers enjoy lunch from the Lake Street Dwelling team.

Lake Street Dwelling is a new affordable housing community in the heart of Lyn-Lake at 410 West Lake Street opening this fall. Visit lakestreetdwelling.com to learn more.

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$48 million affordable housing project re-emerges near Hiawatha Avenue

The Snelling Yards Redevelopment project is being led by a joint venture between Minneapolis-based Wall Cos., Minneapolis-based Lupe Development Partners and Shoreview-based Ecumen. They plan to redevelop a Minneapolis Public Works storage facility site in the Hiawatha neighborhood into affordable housing.

Read more about this project in the Minneapolis/St. Paul Business Journal.

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Lake Street Dwelling Brings Affordability to the Heart of Uptown

Construction topped-off on first building in Lupe Development’s mixed-income project

MINNEAPOLIS, MINN. — Following the topping off of the sixth floor, construction on the exterior of Lupe Development Partners’ Lake Street Dwelling project in Uptown is progressing rapidly allowing for greater focus on finishing the units and common areas. As construction shifts to the building interior, the leasing office for the 100% affordable housing building is now open. The first residents are expected to move in November 2020.

Time-lapse of construction progress at Lake Street Dwelling.

Lake Street Dwelling is the first phase of a mixed-income housing campus under development at the northeast corner of Lake Street and Harriet Avenue. The building at 410 W. Lake St. under construction includes 111 affordable housing units with nine units reserved for homeless veterans. Hopkins-based Frana Companies is the general contractor. Lupe Development is partnering with Hennepin County and the nearby Ballentine VFW Post 246 to serve homeless veterans with safe housing and services.

“When Lake Street Dwelling opens this November, it will meet the growing demand for greater affordability in the Uptown area. We are encouraged by interest in the building and will work with our supportive housing partners to ensure people get the affordable housing they need,” said Steve Minn, vice president and chief financial manager of Minneapolis-based Lupe Development Partners.

The first building includes a mix of studio, one- and two-bedroom units. To be eligible for the housing, residents will need to meet income restrictions of $30,000 to $42,000 a year. Located close to the Midtown Greenway, the property will feature a green roof, solar panels, a fitness facility, a business center, community rooms, outdoor decks, and a bike room with a repair station.

Lupe Development is also seeking approvals to build an entry-level market-rate building with 132 units and another 95-unit affordable building in subsequent phases. Construction on the market-rate building could begin as early as July 2020.

Prospective residents will be able to view floorplans and discuss eligibility with a member of the Lake Street Dwelling management team either by phone or in person at the leasing office. At this time, all in-person meetings will continue to follow social distancing guidelines. Visit lakestreetdwelling.com to learn more.

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Lupe Development buys notorious Woodbury hotel site, clearing path for $25M project

Lupe Development Partners has closed on its purchase of Key Inn Motel in Woodbury, a key parcel in the company’s plan to redevelop the southeast quadrant of the Interstate 494/Valley Creek Road interchange.

Read more about this project in the Minneapolis/St. Paul Business Journal.

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Just Sold: Woodbury hotel sold for redevelopment

Minneapolis-based Lupe Development Partners LLC, has closed on the purchase of the Key Inn in Woodbury, locking up the last of three parcels it needs for its Valley Creek Redevelopment project.

Read more about this project in Finance & Commerce.

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