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Midline Apartments Opening June 2022

April 4, 2022

Paster Properties is excited to announce that Midline Apartments is approaching completion as spring blooms in Minnesota. With finishing work by Yellow Tree Construction underway, the property will welcome its first residents this June.

The $28 million, five-story, multi-family development hosts 154 units and offers a wide variety of floor plans in studio, one and two-bedroom apartment layouts. Units range from economic 390 square-foot studios to spacious 850 square-foot two-bedrooms. Each apartment is outfitted with stylish, modern finishes, an in-unit washer and dryer, floor-to-ceiling windows, and roller blackout shades.

Midline offers a wealth of on-site, upscale amenities with an artistic flair. Residents can enjoy a 24/7 fitness center, two community rooms, multiple private rooftop decks, work and study spaces, and an art room outfitted with a pottery wheel and kiln.

Located in the Twin Cities' Midway district, Midline is situated at the intersection of University Avenue and Hampden Avenue. With a long history as a major hub of commerce, industry, and enterprise, the neighborhood welcomes a diverse mix of residential and commercial properties, retail, grocers, and dining. The community is filled with historic charm while maintaining easy access to downtown Minneapolis,the University of Minnesota, and many of St. Paul's key destinations along the heavily populated and retail-rich University Avenue.

Leasing efforts for Midline are currently underway. Check out the newly launched website at MidlineApartments.com.

Thank you to our partners and investors: DJR Architecture, Yellow Tree Construction Services, Bridgewater Bank, Kimley Horn, Studio BV

St. Paul Rent Stabilization Under Review

As the Twin Cities' multi-family industry moves towards a post-pandemic recovery, rent stabilization policies are under review in the city of St. Paul. In February 2022, St. Paul Mayor Melvin Carter proposed a 15-year exemption for new housing from the city's rent control initiative during the State of the City address. The proposal would mean new housing would not be subject to St. Paul's rent-control action for 15 years after its built.

"Every single city that we can find with the rent stabilization policy in place provides an exemption to incentivize construction of new housing units, and so should St. Paul," stated Mayor Carter. (MPR News)

Paster Properties will actively track progress on the status of St. Paul's rent stabilization policies as updates unfold in the coming months

Contact

606 Washington Avenue N.
Suite 400
Minneapolis, MN 55401
(651) 646-7901