Linden 43 -- Commercial Tenants and Exterior Size

Construction of the Linden 43 exterior walls is virtually complete, so we can now see -- from a  size perspective  -- how this building "measures" and "fits" into the landscape of the neighborhood.   ( and no, the building won't always be blue. :-) 

There is a bit more to be added to the fourth floor -- I'll update the photo as soon as that is completed.

The latest (and final) tenant to sign for commercial space in the Linden 43 building is Bremer Bank -- a privately held, St. Paul-based regional bank with offices in MN, ND and western WI.

Says Mitch Bleske, Bremer’s CFO:  “We recognize that Linden Hills is a tight-knit, socially-responsible community, which fits with our customer-oriented/community-minded approach.”  

 

The Bremer design team is still deciding what services to offer at this location – most likely wealth-management, mortgages, personal and small business banking.  Mitch was aware of our parking issues, and he stressed that the office should not exacerbate that.

 

“We will NOT have a drive-through;  this office is not meant to be a high-traffic retail location.”  

 

One thing Mitch asked of me:  He wondered if I could help him find a couple good people to staff this office...

 

He said that Bremer would love to have someone from the community to represent the bank – not necessarily a career banker or even someone who’s worked in the banking industry, but more importantly, someone service-oriented who could learn the technology and who would be a good front-office presence.    So there’s a job waiting here for someone...

As I noted last month -- in addition to Bremer, Linden 43 will have two other commercial tenants -- A High-end Pet Products and Grooming joint, and an orthodontist -- a local guy who's coming back from Austin, Texas with an Invisalign expertise... click here for that story!

But salaries have gone up!   People make more money than they did 20 years ago!

Note this too -- this increase in Housing Affordability has increased drastically in the last 18 months, when rates fell again from the historic 4% low to below 3%...   

Despite the heat in this market, it’s still good to be a buyer in Minneapolis. 

And it is GREAT to be a seller.

Know this:  The population in Minneapolis is going up, and thus the demand for

Single Family Homes will continue to rise. 

Interest rates, however, will not always be this low.

Call me - anytime.     612.845.5273.    

I love to talk about this stuff.

Larry

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