There's another new tower being proposed for Downtown Minneapolis but this time it's in an area that really hasn't seen the development spotlight shine down on it; Downtown West. We're talking about the corner of 10th Street and Marquette Avenue.
Village Green's has sent plans to the City of Minneapolis for a new 18 story luxury apartment project while also rehabilitating and incorporating a historic structure next door into the project. These plans come about seven years after Village Green originally proposed a 10 story residential building for the site.
The new residential development will include the restoration of the historic Handicraft Guild building into a restaurant on the ground floor and residential amenity space on the second floor. The rest of the site would then be used to construct the 18 story building that will house 293 units. Five walk up units will be included in the building on the first floor along Marquette Avenue while retail space will be available along 10th Avenue South.
Connecting the two buildings will be a three story glass link. The area between the two building will be used for outdoor amenity space including a fire pit, water feature, and prominent outdoor landscaping. The entire project does not include any underground parking nor does it include parking in the podium of the structure and only 12 parking spaces are to be included on site.
It appears that the recent demand, actually let's capitalize that (and bold it for fun), DEMAND for housing in the downtown area has caused Village Green to rethink the once proposed project and to also add eight stories to the development. It's a smart move on their part because this side of downtown has seen no new development even with such a demand for housing in the market.
Jim Stanton was/is one of the first developers that has a development planned for this side of downtown with a new 17 story condo project planned for the corner of 8th street and Portland Avenue. Construction for that project is expected to be underway within a few months.
Visit our PROJECT PAGE for more information regarding this development including floor plans, renderings, and more!
It's great to see another housing project planned for the Downtown area as it really solidifies the growth for the area for quite sometime in the future. Plus, we're going to need every unit possible if we are going to meet our 70,000 downtown residents goal by 2025. Right now we're currently at a little over 30,000.
The design of the overall project we feel could still use a few iterations in order to produce the best overall product. In some ways the tower is currently reminiscent of some styles of 1970's architecture, which let's be honest hasn't faired too well to date.
Due to the rehabilitation of the Handicraft Guild building next door it would be nice to see historic elements of that structure brought into the new structure in order to have a common tie to the two buildings further than just the base of the structure.
Overall it's great to see some development popping up on the other side of Downtown. Hopefully this will be one of many firsts for Downtown West.