CPM Cos. announced plans to elevate the site currently occupied by Cheapo in Uptown, Minneapolis at 1300 West Lake Street.
The project is planned to break ground next February and the record store, which is still in business, is expected to vacate the building before the sale closes this fall.
The project plans to bring 20,000 square feet of first-floor retail space and 5,000 square feet of second-floor office space. Restaurants are a part of the conversation, but no tenants have been lined up.
130 apartments will be a part of the building plan featuring studio and two-bedroom units allowing the building to differentiate from other Uptown properties that focus on one-bedroom units. 2 levels of underground parking with a total of approximately 155 spaces will also be a part of the finished project.
Minneapolis/St. Paul Business Journal has all the details.