Developer adds East Bank condo project to its growing list

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February 2, 2004 // UPDATED 2:48 pm - April 24, 2007
By: Sarah McKenzie
Sarah McKenzie

Minneapolis-based Shafer Richardson has plans for a 140-unit condo project on the river's east bank near the Pillsbury "A" Mill -- where the developer already plans a separate 1,050-unit complex.

The 140-condo project would replace a former data processing center at the corner of Main Street and 3rd Avenue formerly owned by Diageo PLC, a London-based company that markets beverages and alcohol, including brands such as Smirnoff vodka, Johnnie Walker Scotch whiskies and Guinness stout.

The building at 224 SE 2nd St. is currently vacant.

Plan call for a mid-rise building with retail space along Main Street, said David Frank, a Shafer Richardson project manager. The project's height hasn't been determined, but it would be under the height limit for the area -- 17 stories, or 189 feet, above Main Street.

Prices for the condos have not been set.

The developer is in the process of floating the plans by neighborhood leaders. The larger project planned for the Pillsbury "A" Mill and neighboring structures is expected to go before city officials in March for review. Plans call for 1,050 units spread among the "A" Mill and Red Tile Elevator and five new towers. The project would span Main Street Southeast along the riverfront from 3rd to 6th avenues.

The river's east bank, much like Downtown, has seen a steady stream of new condo project proposals recently.

Besides the two projects planned for the riverfront, Shafer Richardson has two developments under construction Downtown in the North Loop neighborhood: Bassett Creek Lofts, a 32-unit building at 901 N. 3rd St; and 710 Lofts, a 42-unit condo conversion project located at the corner of North 4th Street and 7th Avenue North.