Posted on 04/26/2014 11:21:33 AM PDT by MinorityRepublican
It would be hard to confuse Minneapolis for Manhattan, but the Nic on Fifth might make it possible.
The Nic on Fifth is new 26-story apartment building that sits smack on a light-rail stop and boasts amenities like a pool deck and a private dog park. From the top floor you can see miles of the Mississippi river and the field where the Minnesota Twins play.
When the building opens in August, it will be one of two new rental towers that are stretching this city's skyline and—with monthly rents ranging from $1,450 for a studio to $9,000 for a penthouse—charging prices rarely seen in the Twin Cities.
Minneapolis isn't the only place building upward. While the U.S. housing market as a whole may still be creeping back from recession, downtowns around the country are seeing a veritable boom in high-rise apartment buildings.
This year, 74 rental towers are on pace to be completed, and there are 81 on the books for 2015—the highest number since at least the 1970s, according to Axiometrics, a Dallas apartment-research firm that defines a tower as 15 stories or more. At the same time, strong apartment rents and sluggish demand for office space have resulted in some high-rise buildings being converted to apartments.
Overall, the growth has been largest in denser and pricier markets like San Francisco, New York and Chicago. But in percentage terms, the increase has been most dramatic in smaller cities like Minneapolis, which is building apartments, including high-rise apartment buildings, at the fastest pace in decades.
In Austin, the seven apartment towers that will be completed between 2013 and 2015 compares with four from 2005 to 2012, according to Axiometrics. Houston has eight apartment towers set to be completed in 2014 and 2015, compared with six from 2005 to 2012.
(Excerpt) Read more at online.wsj.com ...
On the other hand, could it also mean more conservative voters will move to the cities and dilute the liberal stranglehold they have now?
Boston is pushing toward ultra-small apartments so that young professionals can afford to live in the city. The new apartments are about 450 square feet (total) and cost about $2000 a month.
It’s all about affordability.
And Agenda 21.
Girl I know (a cutie) was checking out her "neighbors" one day. Saw a guy looking through a telescope. She waved. He waved back.
The tour we’re looking at goes through there.
Yes, all of that may appeal to you, but the facts are that the higher the density of a population, the more likely the residents of that area will be Democrat.
I’m not saying that it would ever turn you into a liberal, but statistically, people become more liberal when they live in densely populated urban areas.
That’s not news, this has been going on for quite some time in Seattle.
If your grocery store sells booze, you truly live in heaven.
Excellent. It’s a beautiful place. I hope you enjoy your trip to the Czech Republic.
Personally, I love living here. No complaints on my part!
Yes, grocery stores here all sell booze. Sort of like California, and pretty much all the major US brands, Jack Daniels, etc., can be found here, as well as local brands and types of booze.
And of course, beer. Oceans and oceans of beer, LOL!
“On the other hand, could it also mean more conservative voters will move to the cities and dilute the liberal stranglehold they have now?”
It could mean that, but it does not mean that.
You cannot find one urban area in the US with a densely populated population that not only does not vote Democrat, but has become even more Democrat over the last ten years.
Central suburban NJ, tons of 3 floor condos going up these days..
And we have a long way to go.
It's a pipe dream anyway because I could never afford the type of high-rise apartment that would suit my needs. Maybe I could afford a brownstone condo unit in Back Bay or Brooklyn - we'll see!
The gubmints plan is to have EVERYONE living in those high rise death traps. They HAVE TO SAVE the environment out there in the country so putting everyone one in those boxes would make it much better? (sarc)
Driving in on this highway
All these cars and upon the sidewalk
People in every direction
No words exchanged
No time to exchange
And all the little ants are marching
Red and black antennas waving
They all do it the same
They all do it the same way
When I was in my 20s and single, urban living was OK. Now that I’m approaching 60, you couldn’t pay me enough to go back to it and leave small town life.
I’ve lived in one for about 15 years. Cut my commute from 75 minutes to 3. I put 6500 miles on my car in the last two years. The gas savings is really nice. Urban living does have advantages however it’s really more of a young folks lifestyle. This is why I’m shopping for a suburban home again.
Agenda 21 will have everyone living in downtown high rises. Easier for the elites to control the masses. Downtown will be a deathtrap when the EBT cards read “Error” and the feral tribal parasites begin rioting.
“In real estate economics, the first sign of a RE recovery is an increase in rents, then followed by an increase in the building/new construction of rental units.”
Real estate is very local. In my county, there are many high density apartment projects under construction, right now.
They are often built as individual condos but kept as rentals, awaiting the time later when the owner can benefit from selling them off separately.
Historically in the area, 2 stories was typical. Now the new projects are four stories.
The project provides for parking on site, but there are no new streets, roads, highways. So traffic will eventually be worse.
Some of these apartment projects are going up, on previous retail sites. Retail was overbuilt, so it solves that.
(I’m describing projects in Orange County, California.)
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