August 17, 2012 by Sarah M
//By Jeremy Zoss//
Shamrock Development’s long-delayed condo project near Gold Medal Park could break ground as soon as this fall, making it the first new condo development in Minneapolis for several years. The project is planned for two parcels of land near the park, the riverfront and I-35W, 110 and 124 12th Ave. S.
According to Shamrock Development’s Jim Stanton, the project calls for 169 total units with a mix of one-plus-den, two-bedroom and three-bedroom units. The plan also includes 319 units of parking, a swimming pool, a playground and a dog park.
Stanton said he believes the project is the first new condo development in Minneapolis in four or five years. He said the time is right for the project because sales of units at Shamrock’s other condo developments have picked up significantly.
“We’ve built about 700 [condos] downtown,” he said. “Given the market we’ve had in the last two-three months at the Bridgewater right diagonally across from it, we feel really encouraged.”
Stanton said many of the units would be priced below $400,000. The project should begin construction in the fall and be completed in about 14 months. Currently, the project has no announced name. In the original proposal the project was known as Park Vista, but that name has since been dropped.