What used to be surface parking in downtown Minneapolis has virtually disappeared, transformed into new condos, apartments and offices, according to a recent report on available development tracts in the heart of the city.
More than 63 acres of undeveloped land existed in the downtown core a dozen years ago, according to a recent Business Journal survey. Today, after a decade-long building boom, less than 20 acres remain undeveloped, and the word is some of the landowners are simply not interested in selling.
Whether that's good news or worrisome depends on which side of the development table one sits.
Actual versus Potential
The apartment and condo market has been particularly strong in downtown Minneapolis in recent years. The trend…