New Homes in Minneapolis, MN

New Homes in Minneapolis, MN

City of Lakes, Parks, and New Homes!

Not only is Minneapolis the anchor of the Twin Cities metropolitan area, but also it’s the heart of Minnesota as a whole. Minnesota may be the Land of 10,000 Lakes, but Minneapolis is the City of Lakes. It’s also an international business hub, an arts and cultural center, and the state’s largest city. It’s home to professional sports teams, a renowned parks and recreation system, and in recent years has made a name for itself on the national food scene. At the same time, the city is undergoing a dramatic and expansive revitalization that will propel it into the future.

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Minneapolis New Construction

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Indeed, Minneapolis’ population in 1970 was 434,400, but it declined in 1980 and again in 1990, increased in 2000 and stayed relatively stable in 2010, and today stands at 411,273 people. Some of the decrease occurred because former residents left the cities for the relative quiet and solitude of the surrounding, but the city in recent years has been working to attract new residents and playing up everything it has to offer. In the downtown area, especially, but also beyond, there’s been what only can be described as a building boom since 2012. That year, the city issued more than 3,200 permits for new housing, the vast majority of the multifamily variety. Permit levels remained the same in 2013, and in 2014 about 2,000 permits were issued. But construction levels in all three of those years are well above where they’d been in the decade previous.

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Much of the new construction has been condos, lofts and apartments, and their construction has been successful in drawing people back to the city, or giving current residents (young professionals, in particular) pause before moving away. In addition to being a jobs center, Minneapolis has a park system that’s second to none. Of the city’s 58 square miles, almost 17 percent is parks. Trails and pathways are everywhere, too, and the city’s Chain of Lakes, which includes seven lakes, are connected by trails and one of the premier destinations in Minneapolis. Minnehaha Creek ends it journey in Minneapolis when it dumps into the Mississippi River. The point at which that occurs is protected as a park – Minnehaha Park – that has been among the city’s most popular destinations for years.

Despite the transformation of Minneapolis, it retains a historic feel. As the city grew, its centerpiece was St. Anthony Falls and the Mississippi River, which provided the power and transportation that drove the city’s growth. Before Minneapolis was the City of Lakes, it was known as the Mill City and by many accounts was the flour milling capital of the world. Even as the milling economy dwindled, Minneapolis continued to thrive. Today, it’s home to multiple Fortune 500 companies that employ thousands of people. And the construction of and reconstruction of buildings within the city have kept many in the construction industry in work, none more so than the $1 billion stadium for the Minnesota Vikings that’s currently under construction. But the stadium is just a part of what’s essentially become a resuscitation of the east side of downtown Minneapolis. Known as Downtown East, the $400 million mixed-use project will cover five city blocks and include residential areas, office towers, parking, retail space and a four-acre urban park. 

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Better Homes & Gardens Real Estate - All Seasons are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Better Homes & Gardens Real Estate - All Seasons is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Better Homes & Gardens Real Estate - All Seasons, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

Information deemed reliable but not guaranteed.

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Listing information last updated on May 20th, 2018 at 7:08pm CDT.