EDR, Core Campus, Harbor Bay All In Bed Together

I heard that at the Planning Commission meeting someone tried to get an answer edgewise from the Harbor Bay guy about who was going to manage the development after completion. Of course, the question went unanswered.

So I figured I might as well use our friendly search engines and see who is in bed with whom and vice vice-a.

So for some basics: DRW, who bought the former CC II properties and has been the money behind Core Campus, is still awaiting judge’s decision on the CFTC illegal trading case. DRW is a big campaign contributor to Rahm Emmanuel, an alleged Democrat.

Convexity has been involved with Core Campus projects, and the folks behind Project Formerly Known as City Center II are easily tied to Core Campus, which is the contention in the ongoing lawsuit in Ingham County with Strathmore and its minions.

As we know, Core Campus has received a special disposition related to East Village is not a special disposition even though the city attorney’s memo says it is.

So it turns out, Core Campus (under the name of Core Spaces) is involved in a U. Minnesota project with none other than EDR.

EDR CORE SPACES

So who is EDR you might ask? EDR bought the Campus Village student apartments. They also bought SkyVue and morphed it from something other than just student rentals to student rentals.

Okay, so what does this have to do with Lot 1?

Sorry, had to maintain the suspense (first link only tells part of the story).

"The latest student housing development at the University of Minnesota would not be out of place in downtown Minneapolis. Plans for The Hub Minneapolis include 430 units with 707 beds in a 26-story tower. The total project cost of the development is $97.9 million. Construction is underway; the project is slated for completion in the summer of 2018.

The project is a joint venture between Memphis-based Education Realty Trust Inc. (EdR), Chicago-based Core Spaces and Harbor Bay Real Estate Advisors LLC, which has offices in Minneapolis and Chicago."

Apartment Tower at

And the music it goes round and round and the painted ponies go up and down.

I’m sure fans of the CC II soap opera are relieved we have a spin-off that might just Trump its prequel.



Eliot Singer

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