River Towers Condos For Sale & Lease
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River Towers Real Estate Statistics
| Average Price | $159K |
|---|---|
| Lowest Price | $113K |
| Highest Price | $205K |
| Total Listings | 10 |
| Avg. Days On Market | 70 |
| Avg. Price/SQFT | $183 |
Property Types (active listings)
River Towers, a Modern Day Success Story in Downtown Minneapolis
Located at 15, 17 & 19 South 1st Street, Minneapolis, MN 55401, River Towers with its 512 condo units is the largest residential high-rise community in the city’s downtown area. The complex was developed by the Knutson Companies, and designed by New York architect John A. Pruyn along with Ralph Rapson and Paul Lester Weiner. Completed in 1965 as apartment rentals, the obelisk-like buildings with their International Style design were an early and significant cornerstone of a massive urban renewal project in downtown Minneapolis. The complex transitioned to 512 condos in 1973, making it the first condominium in the city. There have also been multiple renovations and updates over the years that have reestablished its modernist origins. Amenities are also a large part of the appeal with a swimming pool, tennis courts, fitness center and more. Other well-known condominium communities in the Downtown West neighborhood include The Carlyle, Six Quebec, and The Ivy.
Floorplans at River Towers range from studios to three bedrooms, and from approximately 472 to 1,080 square feet of living space with some notable examples being significantly larger. Regardless of the actual size, these layouts feel spacious and open with lots of natural light coming in through wide casement windows. There’s a variety of designs from one condo to the next, with remodels from individual owners being common. Flooring can date back to original parquet or can come in various types of hardwood, laminate, tile, or carpet. The original kitchens were typical of the modernist trend that was in vogue in the 1960s, with a semi-open galley concept. Today, you’ll often find chic design variations with stone counters and stainless steel appliances. Partial accent walls were another original signature, adding to the midcentury modern ethos of open spaces. Wide walls of closets are another common element, while the bathrooms have most often been renovated with luxury finishes.
Occupying 5.5 acres in the historic Gateway Park area, River Towers features a unique three-quarter block garden park with trees, shrubs, flowers and water features that was originally designed by noted landscape architects Sasaki-Walker and Associates. The huge courtyard park underwent a celebrated $7.4 million renovation in 2003. Residents enjoy numerous other amenities as well, including 24-hour security, a state-of-the-art fitness center with cardio and strength training, a sauna, private tennis courts, an outdoor heated swimming pool, grilling areas, a community room, a business center with a library and Wi-Fi, guest suites, and a rooftop deck with lounge furniture and spectacular views of the Mississippi River and the downtown skyline. There is both garage and surface parking for a monthly rental fee, plus a car wash. Location also matters, close to the Hennepin Avenue Bridge, First Bridge Park, Starbucks, Whole Foods, and numerous top restaurants.
Amenities and Enjoyment at River Towers
- 24-hour security helps ensure peace of mind for residents
A giant landscaped courtyard includes trees, shrubs, flowers, and trellises
A heated outdoor swimming pool and adjacent patio is surrounded by trees for privacy
Stay active on the private outdoor tennis courts
A state-of-the-art fitness center and a sauna add to the wellness experience
The library and business center offers comfortable seating and free Wi-Fi
A community room with a full kitchen is a great place to socialize
The rooftop deck with its lounge furniture features spectacular river and cityscape views
Furnished guest suites make it easier for family members to visit
Garage or surface parking is available for rent, there is also a car wash
Living in Downtown West
River Towers is located at the corner of Hennepin Avenue and S 1st Street, just a half-block from Washington Avenue. The buildings are adjacent the Hennepin Avenue Bridge leading across the Mississippi River to Nicollet Island and the various Northeast communities beyond. More specifically, the popular condominium community is in the Downtown West neighborhood. It’s also right between the historic North Loop neighborhood to the west and the Mill District to the west. All these geographical reference points lead to one enviable conclusion, that River Towers is right in the middle of everything having to do with Minneapolis. There is a Starbucks across the street and a Whole Foods just a few blocks away. Top restaurants like Klassics Kitchen + Cocktail, Spoon and Stable, NOLO’s Kitchen & Bar, and Maison Margaux are nearby, along with visitor attractions like the Mill City Museum, Guthrie Theater, Target Field, and Target Center. Commuter options include the I-94, I-394, and the Target Field Station for light rail.
Considering a sale of your condo at the River Towers? Let us evaluate your property's worth and provide a comprehensive pricing quote. Fill out our condo seller's form, and our seasoned team of Minneapolis condo specialists at TheAdvisors will be in touch. We'll offer detailed insights into your building's recent sales trends, an effective marketing strategy, and a thorough evaluation of the current market conditions.