Apartments change name, ownership

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August 1, 2005 // UPDATED 1:56 pm - April 26, 2007
By: Caroline Daykin
Caroline Daykin

On July 28, the residential complexes Oakwood Minneapolis, 36 S. 9th St. and Oakwood Symphony Place, 1117 Marquette Ave., changed back to their original names, LaSalle Apartments and Symphony Place. The impetus is the sale of the Oakwood Properties complexes, along with about 30 other Oakwood Properties nationwide, to Arch Stone Smith.

Caryn Brooks, LaSalle Apartments' property owner, said she believes all changes resulting from the corporate sale will be positive. She's optimistic about the more up-to-date software system promised by the new owners and the company's progressive reputation.

Brooks said the transition would not be drastic. Some minor staff changes occurred prior to the changeover, however. All of the staff were invited to stay on, but a few members left for reasons Brooks could not disclose.

Although the apartments are not subsidized, Symphony Place contains several "bond" apartments, ones which require that the occupants' income falls below a fixed amount.

Built in the 1980s, Symphony Place has myriad facilities, including a swimming pool, a fitness center, tennis courts and tanning beds. In contrast, LaSalle Apartments were built in 1917, and originally housed a YMCA. The building was converted into apartments 10 years ago.