1) How are developers and AEC working together to deliver product that appeals to traditional and nontraditional renters?
2) How are developers capitalizing on the wealth of class-B and C properties in the area?
3) Besides Northloop and Downtown Minneapolis, what neighborhoods are ripe for investment and ready to demand rents above the city average?
4) Where does recent and upcoming avalanche of new apartments hitting the market put Twin Cities in the cycle? Is there a bubble forming?
5) With new Mayors in both of the Twin Cities, what can we expect in terms of affordable housing prioritization and development?
|7:30 AM - 8:30 AM||
Coffee, Breakfast & Networking
|8:30 AM - 9:15 AM||
Twin Cities Red Hot Multifamily Market
What's Worked Well in 2018 and What Should We Expect in 2019?
|9:15 AM - 9:25 AM||
Keynote: Minneapolis Mayor Jacob Frey on Affordable Housing
|9:25 AM - 10:15 AM||
Creating Communities Through Thoughtful Development & Design
What Strategies Are Developers Taking as They Build For a Rapidly Growing Twin Cities?
|10:15 AM - 10:30 AM||
Kimpton Grand Hotel, Minneapolis
615 Second Avenue South
Minneapolis, MN 55402
Ballroom: Chain of Lakes Ballroom, 5th Floor
1. Northstar Crowne Plaza Parking Ramp:
½ - 1 9.00
1 – 3 11.00
3 – 5 13.00
5 – 7 15.00
To self park your vehicle, you may utilize the Northstar/Crowne Plaza parking ramp located across the street from the Grand Hotel Minneapolis. The Northstar/ Crowne Plaza parking ramp is accessible from 2nd Avenue South between South 6th & South 7th Street or from South 7th Street between 2nd Avenue South and Marquette Avenue. There is also parking access from 6th Street between Marquette Avenue and 2nd Avenue South. The Hotel can be accessed from the ramp via skyway, tunnel or by crossing the street.
The tunnel can be reached by taking the “Northstar East” elevator to the basement level, upon exiting the elevator, head east (away from escalator); follow hallway and you will enter the basement level of the Hotel and proceed to the first floor lobby.
2. Capella Tower/225 South Sixth Street Parking Ramp:
1 – 2 10.00
2 – 3 12.00
3 – 4 14.00
4 – 5 16.00
5 – 8 18.00
The 225 South Sixth Street parking ramp entrance is located between 3rd and 2nd Avenue South on the right side of South 7th Street.
Once parked in the ramp take the elevators up to Level “L.” Once at Level “L” turn right and walk past the security desk. Once past the security desk, walk past the elevator banks and turn left. You will see the Grand Hotel Minneapolis logo straight ahead. Walk down the stairs, to the left and through the Skyway door, straight into the Lobby of the Hotel. The front desk is past the staircase on the left.
0-4 Hours: $18
4+ Hours: $25
**Valet parking is located in the front of the hotel on 2nd Avenue.
The Twin Cities multifamily market is booming!
Developers will complete 5,100 apartments in Twin Cities in 2018, the most in a year since 2000, according to Marcus & Millichap’s first-quarter market report. With 4,200 new apartments delivered last year and 18,000 in the past five years, the multifamily vacancy rate still stands at 3.4 percent and rents increased by 4.6 percent in the first quarter of 2018, according to Marcus & Millichap.
Despite all these recent deliveries, developers are showing no signs of slowing down! By the end of next year, builders will have completed another 13,000 units, chiefly market-rate and luxury apartments, in the metro, according to the StarTribune. As the market begins to normalize, will the era of ultralow vacancies and steadily rising rents come to an end?
Join Bisnow and our all-star panelists as we dive deep into Twin Cities multifamily market and forecast it's future.
Questions, concerns, or topic/speaker recommendations? Email Chris.Wainwright@Bisnow.com!