CONSTRUCTION UNDERWAY ON 354-UNIT LPM APARTMENTS

MINNEAPOLIS — Chicago-based Magellan Development Group is building a 36-story apartment tower in the Loring Park neighborhood of downtown Minneapolis. LPM Apartments will feature 354 rental apartments, including studios, one-, two- and three-bedroom units. More than 41,000 square feet of amenity space will feature a fitness center, lap pool, hot tub, sauna and steam rooms, media and game room, resident lounge, business center and bicycle storage. LPM Apartments will also feature a community deck that will include a splash pool, hot tub, fire pits, grills and lounge areas. According to the Star Tribune, rental prices at the property range from $2 to $3 per square foot. James McHugh Construction Co. is serving as the general contractor. Loewenberg Architects LLC is designing LPM Apartments.