St. Paul’s Lowertown area is a historical area that was built around early 1800s as a warehouse and storage area for the flour mills that dominated the eastern part of this neighborhood. The historical section is a built up of 16 block warehouses that were served by both rail and river connections. These warehouses were converted into office buildings and banks by prestigious architects during 1960 have to revitalize the local real estate market. The actual revival of its real estate market began in 1978 when the Lowertown Redevelopment Corporation decided to create an urban village within the city to improve housing and have commercial development.
Redevelopment of Lowertown – Renovations first began with dedication of warehouses to artists under the Lowertown Artists’ Lofts Cooperative. Instead of demolishing the existing buildings, focus is being made to restore old buildings and redevelop them into artists’ lofts on the downtown edge so they could live in relative peace and privacy.
Residential condos and lofts in Lowertown
Lot 270 Condos – This red brick building appears old and historical, but is actually a recently built structure located at 270 East 4th street, St. Paul. The association company is First Residential Property Management. The monthly association fees include: sanitation, snow/lawn care, maintenance, hazard insurance, cable TV, water/sewer, building exterior, and professional management.
The shared amenities are a patio, security, fire sprinkler system, and building elevators.
The Loft 270 is decorated with large windows; its 45 condo units are bright and warm with prices ranging from $150,000-$470,000. Its proximity to Meer’s Park and the city’s entertainment section makes it the ideal location for employed individuals with families.
Great Northern Lofts – The structure is named so as it is housed in the Great Northern Railway building, built in 1888 making it both historically and architecturally noteworthy. The massive Romanesque building located at 300 Wall Street, St. Paul was built on formidable stone foundations and barrel vault ceilings with 7 stories, now houses statuesque lofts decorated with a contemporary flair.
The association management company is First Residential Property Management. The monthly association fee includes: heating, air conditioning, sanitation, snow/lawn, outside maintenance, hazard insurance, water/sewer, building exterior, security system, professional management, shared amenities, and parking space.
Market House Condos – True to its name this building is located at 289 5th Street East, St. Paul close to farmers market and is a 1902 warehouse structure that was converted into condo units in 1980’s. This sturdy brick building with granite base still retains its timber ceiling and contains 58 units. Residential units are located on top three floors while the bottom floor contains only offices and restaurants.
The association management company is Paradise and Associates. The monthly association fee includes: heating, sanitation, snow/lawn care, outside maintenance, water/sewer, building exterior security system, professional management and shared amenities.
The condo developments shared amenities is a sun room and also an amusement/party room.
The Lowertown Downtown area is a mix of modern urban living and artistic paradise with music and seasonal neighborhood art festivals.
If you are looking to buy or sell a downtown Minneapolis condo or loft, feel free to contact Realty Group, Inc., Shannon Lindstrom, Urban REALTOR®, AHWD, CRS, GREEN at 612-616-9714 or Shannon@MplsUrbanLiving.com today.