French financial holding firm Eurazeo is in talks with several investment funds for the sale of its B&B hotels. The budget hotel chain is valued at between €600m and €1bn ($761m to $1.3bn). Eurazeo has received several expressions of interest for funds an

US-based real estate investment and development firm Brickstone Partners has revealed three proposed designs for its 3100 Lake Street Class A+ residential project on the north side of Lake Calhoun in Minneapolis, Minnesota.

The property is currently used as an office building and has been scheduled for redevelopment after the US company acquired the property in August 2015. Designs have been up for review by Cedar-Isles-Dean Neighbourhood Association (CIDNA).

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Brickstone Partners' principal Dan Otis said: “We are very excited to be a part of the thriving market here, and it is important to us that our designs honour the architectural heritage of the area and enhance the neighbourhood from multiple perspectives.

“After receiving initial feedback on our original plan for a taller building, the Cedar-Isles-Dean Neighborhood Association, or CIDNA, requested we provide the neighbourhood with three options that we considered to be more reasonable in height and more consistent with the neighbourhood.”

"CIDNA requested we provide the neighbourhood with three options we considered to be more reasonable in height."

The designs feature a 13-storey tower built of concrete and high-end finishes. It provides green spaces between adjacent properties.

In addition, A nine-storey, C-shaped concrete and wooden building then provides a hybrid option between the six and 13-storey buildings.

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The design also includes a six-storey, wood-frame, doughnut-shaped building, which would offer a more continuous fabric facade along Lake Street.

The six-storey building is the least tall of the three constructions and covers much of the site, while offering the least open space. The three structures feature a total of approximately 200 units and 295 underground parking spaces.

Image: Brickstone Partners 3100 Lake Street proposed 13-storey design scheme. Photo: courtesy of Business Wire.