GEOG 5361 REAL ESTATE BLOG ASSIGNMENT – 2ND POST: NYE’S REDEVELOPMENT GOES VERTICAL

While in the past blog post discussed new condos in the North Loop, that isn’t the only new neighborhood that is experiencing a wave of development. Right across the Mississippi lies Northeast, where the famous Nye’s Polonaise Room is located on Hennepin. The owners are planning to close the well-known bar this year and is working with Schafer Richardson on a 29-story mixed-use tower on the current lot in addition to preserving a couple buildings. This is a great example of another place outside of downtown that is dividing up its space vertically rather than horizontally. You can also see how the area’s land use is cycling towards more of a mixed-use nature rather than more segregated uses that show a clear distinction between commercial and residential properties.

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