Welcome to Downtown West!
Per the MinneapolisMN.gov website, “Downtown West neighborhood is the core of downtown Minneapolis. It extends from the Mississippi River to 12 thStreet and from Third Avenue North, Washington Avenue North and Hennepin Avenue to Portland Avenue, Fifth Street South and Fifth Avenue South. With the bulk of office building space in the Twin Cities metropolitan area, downtown is home to many corporate headquarters and hotels. Nicollet Mall – very active with restaurants and shopping – runs south from Washington Avenue. Hennepin Avenue has a concentration of theaters and entertainment. The neighborhood is home to the Minnesota Orchestra, located on Nicollet Mall. The orchestra was founded in 1903 and is well-known at home and abroad.”
Minnesota Orchestra – Orchestra Hall, Orchestra Hall, one of Minnesota’s cultural and architectural touchstones, opened in 1974 as the home of the Minnesota Orchestra, and since then has drawn upwards of 10 million people to its concerts. The Hall, located in downtown Minneapolis, is particularly renowned for its acoustics, originally designed by Cyril M. Harris. Each feature was planned to enhance the warmth and richness of sound in the space: the 100-plus large cubes that form a distinctive “falling rock” pattern on the auditorium ceiling, dispersing sound throughout the Hall; the wood floor and stage that enhance sound vibration; and the angle of the balconies, offering optimal reflection of sound. The acoustically brilliant space provides a superb aural experience.
Orpheum Theatre, The Orpheum Theatre, originally known as the Hennepin, opened in 1921 and seats 2,579. Designed by the Milwaukee firm of Kirchoff and Rose in a Beaux Arts style, its first performers included the Marx Brothers with more than 70,000 guests attending the opening week run. Billed as the largest vaudeville house in the country when opened, it became a major outlet for such entertainers as Jack Benny, George Burns and Fanny Brice.
State Theatre, The State Theater seats 2,181. It opened in 1921 and was considered the most technologically advanced and elaborate theatre in the United States. It was designed by Chicago architect J.E.O. Pridmore in a free Italian Renaissance style and boasted the first well-driven air conditioning system in Minneapolis. The original stage floor was glass, lit from underneath to create stunning visual effects.
Real Estate Available in the Community
Do you like the idea of living in a condo or a high-rise? Well if so, Downtown West has plenty of options for you. There are little to no traditional single family homes in the community. You can find a condo starting at $200k and well past $1M depending on size, location, and views.
Real Estate Market Data & Update
Most recent market data from Minneapolis Area Association of Realtors shows the following key indicators for the Downtown West real estate market:
- -42.9% change in new listings year-over-year
- -66.7% change in closed sales year-over-year
- +8.1% change in median sales price year-over-year
- $245,500 median sales prices
In summary, like the overall real estate market — sellers are favored with increasing median sale prices and low inventory