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"We were bullish on this from the very beginning of our work with Essentia," Dunn said, the project fitting with the company's focus of developing near civic anchors, such as a major medical center. Urbane also received nearly $800,000 in federal pandemic aid funneled through the city. The city has allowed several amendments to its agreement with Landmark and has increased its TIF amount. Both developers dealt with spiking interest rates and inflation after the pandemic and needed time to secure financing, said Chad Ronchetti, the city's director of planning and economic development. Work stopped on a 45-unit affordable housing project in Lincoln Park after financing fell through several months ago, and the unfinished building was left open to the elements.
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Reinert said that will free up $4.5 million annually in the city’s budget beginning next year. He proposed using those funds to build a new combined maintenance facility to replace four existing facilities that are all in need of repair. "There are so many small businesses depending on development like this in our downtown."
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You seek access to real estate listings that are made up of factual information and creative content. This “Licensed Content” appears on this “Licensed Site.” Licensors wish to grant you access to the Licensed Site, but use of this information is limited by the terms of this license. “It allows us to use public dollars to pay for public infrastructure and to get housing and homes to market at a more affordable price,” Reinert said. Duluth Mayor Roger Reinert focused largely on the key issues he campaigned on during his first State of the City address Thursday night — including adding housing and reviving the city’s downtown. But he also managed to break some news during his more than an hour-long speech at Denfeld High School. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy.
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Landmark CEO Bob Dunn said he never considered the 210-unit primarily market rate project stalled. The company also managed development of the Essentia hospital, and its focus was on completing that major project, he said, while also dealing with rising interest rates. Rocket Homes Real Estate LLC is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at Yes, I would like more information from Coldwell Banker.
Climate Change Will Affect Duluth + Superior Real Estate - B105 Country
Climate Change Will Affect Duluth + Superior Real Estate.
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Cargill family member's company buys more homes on Duluth's Park Point - Star Tribune
Cargill family member's company buys more homes on Duluth's Park Point.
Posted: Fri, 08 Mar 2024 08:00:00 GMT [source]
Reinert also envisions a new multi-story public building with housing, retail and a new library at the site of the current public library. But he said adding more housing downtown is a core focus, something also pursued by former Mayor Larson. Before the pandemic, about 18,000 people regularly worked in downtown Duluth. City officials estimate only about half of those employees have returned.
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Information deemed reliable but not guaranteed.Copyright © 2024 Lake Superior Area REALTORS®, Inc. © 2024, Regional Multiple Listing Service of Minnesota, Inc. The data relating to real estate for sale on this site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. View properties, photos, nearby real estate with school and housing market information.
Duluth is home to approximately 86,328 people and 60,599 jobs. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Duluth are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Duluth. Our Duluth real estate stats and trends will give you more information about home buying and selling trends in Duluth. If you're looking to sell your home in the Duluth area, our listing agents can help you get the best price.
Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC. It echoes a similar goal forwarded by former Mayor Ness at the start of his second term, to grow Duluth’s population to 90,000 by 2020. That goal proved elusive — in large part, experts say, because of the city’s ongoing housing shortage. In downtown Duluth, Reinert said he has prioritized adding more police patrols to streets and skywalks, and said the city is developing a public awareness campaign to address panhandling. He announced a massive new housing development called Incline Village, which could eventually add up to 1,300 housing units at the site of the former Duluth Central High School, will break ground in June. It sits on the site of the former Seaway Hotel, destroyed by fire several years ago.
Redfin is redefining real estate and the home buying process in Duluth with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers. Coldwell Banker Realty can help you find Duluth homes for sale and open houses. Refine your Duluth real estate search results by price, property type, bedrooms, baths and other features.
View our Duluth real estate offices and let us help you find the perfect property. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.Data powered by Attom Data Solutions.
Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs. Reinert closed by offering a goal of growing Duluth’s population to more than 90,000 people by the year 2030. The city’s population has stubbornly hovered around 86,000 for decades, even as surrounding cities and other regional centers around the state have grown. Last week, workers broke ground on an apartment high-rise near the new Essentia hospital.
Because it was exposed for so long, the city required a structural assessment, Ronchetti said. He gave Merge credit for sticking with the project and said he was confident it would be completed. The Iowa-based developer is also planning an 80-unit affordable apartment building in West Duluth.
The number of homes for sale in Duluth, MN increased by 13% between February 2024 and March 2024. While the average time on the market in March 2024 was 18 days, the median list price was $305,000. Duluth, MN housing market in March 2024 saw over 25 listings sold above listed price, more than 13 sold at listed price and over 25 sold below. In addition to houses in Duluth, there was also 1 condo, 1 townhouse, and 3 multi-family units for sale in Duluth last month. Duluth is a minimally walkable city in St. Louis County with a Walk Score of 36.
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