Northeast Park rentals planned.

Byline: William Morris

The northeast Minneapolis building boom is pushing farther away from the Mississippi River.

The latest apartment project in the pipeline is a 118-unit, market-rate project from St. Louis Park-based Paster Properties. The company proposes to tear down a one-story light industrial building at 950 14th Ave. NE, about half a block northeast of the intersection of Central Avenue and Broadway Street.

The project bears the name Eide Saw, for the company previously located on the property, and will include a mix of creative and commercial space, according to city documents. The proposal going before the city Planning Commission Committee of the Whole on Thursday includes more than 4,100 square feet of production space, including walk-up live/work units, a shared studio/office space and a 400-square-foot "art court," although Paster Director of Real Estate Development Mike Sturdivant said the details are still being finalized.

"We're still determining ultimately how that's programmed, but at the end of the day, we want this project to be welcoming to the artists and maker community," Sturdivant said.

Paster has been interested in developing in the area since partnering in 2017 with Chicago-based Northpond Partners to buy The Broadway, a 56,000-square-foot creative office and retail building at 945 Broadway St., Sturdivant said.

"We like northeast for a number of reasons: proximity to downtown, the artist community, the coffee shops, the breweries," he said. "So we think adding some multifamily in that area makes some sense."

Although much of the development activity in northeast Minneapolis has centered in recent years on the Marcy Holmes and St. Anthony neighborhoods, Eide Saw is farther north, in the Northeast Park neighborhood.

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