COBALT CONDOMINIUMS
LUNDS & BYERLYS RETAIL CENTER

Cobalt Condominiums
 
 

25-45 UNIVERSITY AVENUE SE, MINNEAPOLIS, MN

  • Project cost: $65 million

  • Project size: 309,000 SF

  • Uses: 93 condominium residences, 44,500 SF retail, and 280 structured parking stalls

  • Completion: 2007

  • Architect: Pope Associates

  • Contractor: McGough Construction

  • Debt: U.S. Bank and LaSalle Bank

  • Equity: Local investors, private equity firm from Boston, MA, and public pension fund from Columbus, OH

  • Tenants: Lunds & Byerlys grocery and pharmacy, North Memorial Health Clinic, Bachman’s Floral, Caribou Coffee, St. Croix Cleaners, Chuck & Don’s Pet Food Warehouse, and Cost Cutters