The second phase of a mixed-income apartment complex along Lake Street was approved Monday by the Minneapolis City Council, and Lupe Development Partners expects to finalize a loan for a seven-story, 132-unit building today. The Finance & Commerce reports on the $32 million Lago, which will replace an auto-repair business at 500 W. Lake St. Lupe plans to begin work on the building in August, with completion set for late 2021. Units will be priced between $1,250 to $2,600 a month. Lupe has been...
