The Renaissance of Downtown Minneapolis: A New Era of Real Estate Development

Erin Fitzgerald, leader of the Minneapolis Renaissance Coalition, is spearheading efforts to address downtown Minneapolis’s real estate challenges. The COVID-19 pandemic and rise of hybrid work have severely impacted office building values, which have dropped significantly. In response, Fitzgerald collaborated with Mayor Jacob Frey to form the Minneapolis Renaissance Coalition, now comprising over 150 members from public and private sectors. The coalition aims to revitalize downtown by converting underutilized office spaces and creating an entertainment hub in the Warehouse District. Their strategy involves advocating for public incentives, such as tax credits, to support these redevelopment efforts.

Read more: The Renaissance of Downtown Minneapolis: A New Era of Real Estate Development

Read More

https://www.bizjournals.com/twincities/news/2024/07/11/downtown-minneapolis-real-estate-renaissance.html