History on the Building
The Sexton has a long history of owners and a string of developers–most recently a group purchased the remaining units (77) and are about to overhaul the common area elements of the building along with the units they purchased.
Sexton Lofts was an original “blank” warehouse built in the early 1900’s. As Minneapolis continued grow and become revitalized. Demand continued to rise for more residential dwellings from the late 90’s into the early 2000’s. Local developers saw this historic structure that was full of character as a great opportunity to build unique lofts for people who wanted to plugged into the heart of the city. Just blocks from Nicolette Mall, loaded with restaurants, bars, theater, sporting entertainment and much more. This location in Minneapolis couldn’t be beat. In early 2007 middle of 2008, the real estate bubble burst. The original developers just couldn’t hang on any longer. The existing homes went back to the bank… Fast Forward to today. The remaining 77 homes were purchased by east coast company named Point Capital. This company has a proven track record to take condo projects across the finish line. The sellers of the remaining homes want to give to the original owners a sense of pride to be in the Sexton. They are currently making several major capital improvements out of their own pocket to breathe life back into the building.