Solhem Cos. Start Construction On New North Loop Apartment Building

It was announced that the Star Tribune has completed their sale of a 3.4 acre parking lot in the North Looop of Minneapolis to the apartment developer Solhem Cos. The land was sold for $1.8 million and will house a new 137-unit apartment building, called the 815 2nd Street Apartments. Construction on the new building is beginning this week.

From The Business Journal:

The newspaper sold the parcel at 815 N. Second St. for $1.8 million to a partnership that includes Solhem Cos. and TE Miller Development Inc., according to a report from the Star Tribune.

The Business Journal broke news of the land sale and apartment development plan in August. At the time, a spokesman for the Star Tribune said this was excess land on parking lots that surround the company’s printing/production/distribution facility at 800 N. First St.