New Condo planned for Downtown East

Minneapolis condo king embraces downtown's east side

Jim Stanton, one of the most profilic housing developers in the city, says he’s ready to build his second postrecession condominium project -- and he’s heading to the east side of downtown again. Stanton recently bought a quarter of a city block in the Elliot Park neighborhood, near the Downtown East development and new Vikings stadium that are both under construction. Those projects weren’t the only catalysts for his, Stanton said. “It didn’t play into my decision, but it won’t hurt,” he said Thursday. “Downtown East has finally come alive.” His preliminary plans call for a tower of approximately 15 floors and up to 110 units. The site, at the corner of 8th Street and Portland Avenue S., is a weed-strewn lot adjacent to the Sexton Lofts, a warehouse building that was converted to living spaces during the worst of the housing crash. Stanton hopes to start construction this fall but has yet to submit plans to city and neighborhood groups.
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