Major Condo Development Coming to Downtown

The Legacy will offer homes at the right price point for suburban homeowners who now want to live downtown.

MINNEAPOLIS—Luxury apartment markets are booming in cities across the US, but so far, new condo developments have been comparatively rare. Minneapolis, however, which has one of the nation’s most vibrant economies, is about to get a major new residential condominium project. Officials from San Francisco-based PCCP, LLC say they have provided a $130 million senior loan for a 374‐unit project called The Legacy on behalf of its owners, a joint venture between Provident Real Estate Ventures and Shamrock Properties, Inc.

Located at 1240 S. 2nd St. in the downtown Mill District, the project will consist of an eight‐story podium with a 14‐story and a 17‐story tower, and three levels of subterranean parking.