Interesting article over on the Zillow blog about ballparks increasing values of homes or neighborhoods close to the bark. The study uses data from Zillow’s Home Index and not local MLS data but brings together neighborhood values for different ball parks in pre-completion stage to home values after completion of a new ball park.
The study shows over the course of 3 years after the ball park is open, home values tend to rise but after that level off.
Having a condo with an unobstructed view of Target Field will definitely be a great way to watch a game. Which leads me to ask…
Where to Live Close to Target Field
The new Twins stadium is located in the North Loop area of Minneapolis which has grown fairly fast the past few years, aka the Warehouse District. The area used to be vacant land and commercial buildings but has turned into a vibrant neighborhood that encompasses the downtown area.
The area is definitely walkable and riding a bike can get you almost anywhere, easy access to the Grand Rounds Scenic Byway. The area will also serve a light rail station to the Hiawatha line and Northstar. No need for ‘big name chains’ in this area, here you will find trendy shops, fine dining and right next to the Mississippi River.
The area has definitely seen it’s developers with condo projects come in and listed below are some condos and lofts, new and existing in the North Loop neighborhood.
Condos and Lofts in the North Loop:
- Bassett Creek Lofts
- Bookmen Lofts
- Bookmen Stacks
- Harvestor Lofts
- Herschel Loft
- Itasca Lofts
- Lindsey Lofts
- River Station
- Rock Island Lofts
- Security Station
- SoHo Lofts
- Tower Lofts
- Whitney Square Lofts
- 5th Avenue Lofts
- 212 Lofts
- 710 Lofts
- 720 Lofts
- 730 Lofts
- 801 Washington Lofts
- 918 Lofts
Will be interesting to see if this holds true over the next few years and follows the path of existing baseball stadiums raising home values.
{ 2 comments… read them below or add one }
You forgot the 730 Lofts!!! Best building in the North Loop!!!!
I got on a roll with 700’s I accidentally left that one out. 730 lofts are great urban contemporary lofts. Thanks for pointing out