Retail

WHAT DOES THE NORTH LOOP NOT HAVE? A WINERY... FOR NOW...

A new winery will be opening up in the heart of the North Loop next year. It’s ok, we’re squealing with excitement too.

Aaron and Ashley Schram have owned Schram Vineyards Winery & Brewery in Waconia for the last 13 years. They know the wine business well and have had tremendous amount success with their winery being packed week after week. The two felt that it was time to share their delicious wines with Minneapolis and have set their sights on the North Loop.

When their unnamed winery and production facility opens next spring, it will occupy 20,000 square feet of space within the Internet Exchange Building located at 411 N Washington Avenue. The building is just across the street from Crisp & Green in case you need something to reference.

Schram Vineyard Winery uses a French-hybrid grape that was developed by the University of Minnesota, which by the way has one of the top wine research programs in the country. The hardiness of the grape allows it to grow in cooler climates like the Midwest which has helped expand the somewhat unknown winery scene within the region.

The Schram’s are making an effort to ensure that their new winery isn’t like a typical wine bar. The environment will focus on the production of wine which means all those barrels and tanks used in the production process will be in plain sight. They’re even working on plans where you yourself might be able to help contribute to the production of their wine. Anyone up for crushing some grapes?

THE LOCATION

The building in which they will open is directly next door to CPM and Swervo Development’s 10 story commercial project that is currently under construction. In building that project they added a skyway connection on the third level of the Internet Exchange Building which will connect to the second level on the new building.

Sounds like a direct route to happy hour for those office workers, right?

When the Schram’s winery opens it’ll fill a large void within the North Loop neighborhood. The area is filled with a number of breweries, cideries and of course bars but no wineries. When it comes to hunting down a winery, you’ll have to travel to Urban Forage Winery & Cider House on East Lake Street as it’s the closest.

So, now that we’ve informed you of this great new winery coming, we understand that that Spring 2020 is practically a year away. Might we suggest a trip to Waconia to tide you over?  

Stop your wining (see what we did there?), it’s not that far. Fine, we can carpool.

Oh yeah, Happy National Wine Day. :)

 

NEW RENDERINGS RELEASED FOR UNITED PROPERTIES GATEWAY PROJECT

The time has finally come for United Properties’ Gateway mixed-use tower to rise and with that comes new renderings.

Site prep has officially begun at the site located at the corner of Third Street and Nicollet (or Washington Avenue S and Hennepin Avenue depending on how you look at it). What once was a full city block of surface parking will soon give way to a new 36 story mixed-use tower complete with office and retail space along with the Four Seasons Hotel & Private Residences.

Screen+Shot+2019-05-14+at+5.18.04+PM.jpg

YEARS IN THE MAKING

If you’ve been following this project with us then you already know it has been in the works for years.

With the project going through a number of design changes throughout the years, and especially this past year, it had become somewhat unclear as to what the the final design might actually look like.

Well, good news. With the recent confirmation that the Four Seasons Hotel & Private Residences will open within the building we do know that the project will truly be mixed-use.

With those details having now been solidified United Properties has posted updated renderings of the project on their website and we’ve got them right here for you to feast your eyes on.

EXTERIOR DESIGN CHANGES

While much fo the building’s mass has stayed the same since its most recent proposals we do see a change in some of the exterior materials being used in the newest renderings. It now looks like that the tower podium (base) will be clad in what appears to be metal rather than what appeared to be stone in the previous renderings. The new renderings also show a slight increase in the use of glass within the podium area.

Overall the color tones have also been changed from what originally looked to be a warmer pallet to a much cooler palette of grays and chromes.

In the rendering below we also see the recently agreed upon port couture located off of Hennepin Avenue. This area will serve as the main entrance to the building.

Screen Shot 2019-05-14 at 5.14.53 PM.png

FLOOR BY FLOOR BREAKOUT

Now let’s take a moment to see how the space within the building shook out.

The ground floor, as mentioned above, will feature the port couture that will provide access to the lobbies for the Four Seasons Hotel & Residences, the office space and anchor tenant RBC Wealth Management, along with the retail space.

Three spaces have been designated as retail on the ground floor of the building. RBC will open a bank branch within a 2,150 square foot retail space facing S Washington Avenue. There is also a 5,428 square foot restaurant space and a 1,523 square foot retail space located off of Nicollet.

The second floor of the building will house back of house space for the hotel along with two skyway connections. One would lead to the Minneapolis Central Library and the other to Marquette Plaza.

Floor three of the building will be home to a 6,900 square foot ballroom, a junior ballroom, four meeting rooms, a board room, admin space, restrooms and pre-function space.

Floor four of the project will be home to the hotel amenities which will include an indoor/outdoor pool. a fitness center, large spa and large outdoor terrace complete with bar.

Floors five through 21 will be home to 532,340 square feet of office space. RBC Wealth Management will occupy 370,000 square feet of that office space, which makes them the anchor of the project. With such a commitment the company will also receive space for their logo at the top of the building facing the downtown skyline.

Floor 22 will be strictly mechanical space.

Floors 23-32 will be home to the Four Seasons Hotel and its 280 rooms.

Floors 33-36 will be home to the Four Seasons Private Residences which will feature 22 condo units. The smallest condo unit is planned to be around 1,700 square feet with the largest unit coming in at around 6,635 square feet. Every unit within the building will have access to one of two private outdoor balcony spaces. The largest unit mentioned above will also have a stunning 1,055 square foot terrace that has pristine views of the Mississippi River.

Screen Shot 2019-05-14 at 5.16.49 PM.png

LAST BUT NOT LEAST, THE GREEN SPACE

We’ve talked a lot about what is inside the Gateway project, but now let’s talk about whats on the outside.

The corner of S Washington Avenue and Nicollet will feature a large outdoor plaza with multiple seating areas, green spaces and art pieces. The space also will be adjacent to a large outdoor dining area for the restaurant space.

The plaza area was required to be left somewhat vacant so that if in the future the city of Minneapolis decides to construct the Nicollet Central Modern Streetcar system it can run through the site connecting Nicollet Mall and Hennepin Avenue.

McGough is the GC for the Gateway project while United Properties is the developer. Completion of the Gateway project will begin to occur in late 2021 when RBC is expected to move into their new office space.

 


MADRE CO. HAS OFFICIALLY OPENED THEIR BRAND NEW, MASSIVE, AND LUSH RETAIL STORE

Madre Co. officially has some new digs.

The purveyors of strange plants and smooth jams have found a new, and much larger, home at 2400 N Second Street in the Hawthorne neighborhood.

Now if you’re anything like us, this place is pretty much heaven on earth for plant lovers. We made a trip to visit the new space and were blown away by how utterly perfect it was. 

Before we get into the details on the new space here’s a brief history lesson on Madre Co.

The shop opened about a year ago in the Northeast neighborhood in a small but perfect 1,000 square foot space. At the time the focus was largely and almost entirely on cacti. After an immense amount of success, Madre Cacti Co. needed more space to not only help with the intense foot traffic they were experiencing but to also allow them to expand their assortment from cacti to all sorts of tropical plants.

Cue the new space.

Madre Co. is devoted to bringing the most interesting and sculptural varieties of plants to the Twin Cities. Right now, they’re actually the only dedicated houseplants retail store in the Twin Cities.  

When you walk into this place you’re going to say “Wow, who would have thought there were so many types of tropical plants.” Then you’ll most likely start grabbing and before you know it your hands will be full and you’ll be slapped in the face with the thought of how many plants you’ve killed over the time and begin questioning if you should purchase ANY of these plants in fear of killing them ALL… or… maybe this is was just our experience. BUT, then after talking to a helpful employee of Madre we realized that that haunting fear of ours (or anyones) has no place in this shop and that we truly have all the skills we need to care for one of their beautiful plants.

Inside you’ll find cacti and tropical plants that come from all over the world, many of which only need watering every few weeks making the task of caring for them a breeze. Plants are not all that you’ll find however. They also sell the most PERFECT modern terra-cotta pottery that comes in three colors and a number of sizes (yes, we grabbed a few of these). Also available for purchase are simple planting accessories and “useful care goods” to help with your plant’s new and exciting life within your home. Madre Co. has a slew of extremely friendly and knowledge employees on hand that are there to help answer any questions you may have while finding the perfect plant. 

The move to a larger space has also allowed Madre Co. to expand into offering new services which include interior landscape design services, custom sourcing, wholesale purchasing, by-the-day shoot rentals, installation & event rental, long term leasing and more. And of course, if you’d like them to pot your plant for you, they’ll also do that too.   

So, whether you’re in the market for a new houseplant or you need some cute pottery to complete your summer patio OR if you just want to take a stroll through a tropical paradise on a rainy day, we’ve got three words for you. Visit Madre Co. 

Madre Co. is located at 2400 North Second Street in Minneapolis. They’re open from 11am-7pm Tuesday through Saturday, from 12-6 on Sundays and are closed on Mondays.

 

OPENING FRIDAY, MAY 3RD: COBBLE SOCIAL HOUSE

Rendering.jpg

A unique “social house” is ready to open their doors in Minneapolis. 

Cobble Social House will open tomorrow, May 3rd, at 219 N. 2nd Street in the North Loop neighborhood. Joe and Veronica Clark are opening the part bar/part retail store in a vacant retail space sandwiched between D. NOLO and the Monte Carlo. Veronica is actually the owner of D. NOLO so when it comes to the space, she’s quite familiar with it.

Guests who visit Cobble will be able to sip a drink and enjoy some food while being surrounded by beautiful furniture, art, home items and more… and it’s all for sale.

Love those bar chairs you’re sitting on? You can buy them. Love that picture? Buy it. Love that bowl that delicious food just came in? BUY. IT. It’s all for sale, just give your server your order. Also, make sure you come back because there will be new items each month.

When it comes to the drinks, you’ll find a full cocktail menu, an extensive wine list and of course some amazing food consisting of a number of California and French inspired snacks, appetizers and boards.

The space may be small (the bar only seats 5 and the entire place only seats 39), but it’s also truly unique and something different for not only the North Loop, but Minneapolis as well.

One thing to note is that standing at the bar isn’t a thing at this place. If there isn’t a seat available, you’re going to have to wait. Don’t worry though, there is a paging system that your name can be added to.

Last but not least, there isn’t huge sign… so look for a large eye. You’ll see it, we’re sure.

Cobble Social House will be open seven days a week from 4-10pm.

 

CUB READIES TO OPEN ITS SMALLEST STORE YET

A “new way to Cub” is almost here.

Cub Food’s first venture into a small format design officially opens on May 2nd. The new store is located at 4601 Snelling Avenue S on the ground floor of the soon to be completed residential development, Lowa46.

Cub Minnehaha will cover 46,000 square feet of space, half the space of a typical Cub store, and will feature a new interior design and a ton of new and exciting store features.

If you’ve been to a recently renovated Cub you’ve probably seen their Popcorn Shop which offers 7 different flavors of freshly popped popcorn. The Minnehaha location will also have that popular Popcorn Shop and even more including a Burrito Bar where you can order a custom burrito, bowl or salad and a Juicery that will offer freshly squeezed cold-pressed juices, infused water and made-to-order custom smoothies.

Other features within the store include a self-serve kombucha tap with five different flavors that you can get in a 16oz cup or a 32 or 64oz growler. The store will also feature a Refresh Shop that will serve Caribou Coffee and ice cream. The best part about that Refresh Shop is that it’ll have a walk-up window from the street which means you don’t even have to go inside to get some ice cream during those Summer months. A panini bar, sushi bar, hot food bar, fresh salad bar and a full-service meat and seafood counter will also be found within the store. Seriously, the list just goes on and on.

Now, even with the smaller footprint you’ll still find everything you’d find in a full size Cub. The difference? Instead of 20 types of mayo you might only find five. Maybe that’s for the better?

 Cub Minnehaha will have grand opening events all day long every weekend from May 2nd to May 19th. That burrito bar already has us planning a trip.  

 

AFFORDABLE APARTMENTS PLANNED FOR THE NORTH LOOP

A planned mixed-use project in the North Loop has made the switch from market-rate to affordable apartments.

The Redwell will be constructed on the corner of N 10th Avenue and N 3rd Street at 1000 N 3rd Street. The site is currently occupied by the Zuccaro’s Produce warehouse which will be demolished in order for the new building to be constructed.

The new building once complete will stand six stories tall and will feature 109 affordable apartments and 10,200 square feet of ground floor commercial space. In order to secure a unit within the building an applicant’s income will need to be 60 percent or less of the area median income.

Screen Shot 2019-04-25 at 7.52.28 PM.png

Schafer Richardson is the developer behind The Redwell. They have a number of complete projects within the North Loop and also were the developers who recently constructed a large parking ramp with ground floor retail space next to the site that The Redwell will occupy.

This isn’t the first proposal for the Zuccaro’s Produce site. Originally Schafer Richardson had proposed keeping the existing warehouse and adding two additional floors of office space to the building. Those plans never came to fruition and the company returned last year with the original proposal for The Redwell. At that time the project was proposed to include 129 market-rate apartments and roughly the same amount of commercial square footage.

UrbanWorks is the architectural firm that has been working on both proposals for the site. With the new proposal the overall design for the building has remained largely the same, however throughout the residential floors a few units have been combined in order to create 2-bedroom units (hence the decrease in the overall unit count).

A development with affordable apartments will be a welcome addition to the North Loop neighborhood especially after Dominium’s proposed conversion of the Duffy Paper building in affordable apartments fell through last year. 

Construction on The Redwell is anticipated to begin later this year.

 

THE DAYTON'S PROJECT: NEW DETAILS, NEW IMAGES

We’ve got some exciting updates on The Dayton’s Project.

The redevelopment of what was most recently was a Macy’s in Downtown Minneapolis is moving forward and at full speed.

Construction began in March 2017 on the $250+ million transformation of the 12 story, 1.2 million square foot building. Demolition work within the building was completed in late 2018 readying it for its restoration, renovation and reconfiguration to begin.

Since then construction has been relatively contained however you can expect to really start to see things progressing now since the developers and the Historical Preservation Committee recently were able to agree upon a central void size.

The project also recently gained the rights to use the official Dayton’s logo within their marketing and with that comes a new marketing brochure which has revealed some new and exciting details about the project. 

THE PLANS

Once complete there will be over 200,000 square feet of retail space located on the basement, first and second floors of building. The remaining nine stories above the retail space will be home to some of the largest single plate floors of office space within Minneapolis. We’re talking about some floors having 90,000 square feet of continuous space, a floor plate size most often found in major metropolitan cities such as New York, Chicago and LA.

Those who are lucky enough to work within the building will have access to modern office spaces, a lounge, fitness center, library and an outdoor tenant-exclusive rooftop featuring ample lounge space, fire pits, a garden and of course stunning views of the Downtown skyline.

Who will occupy these amazing office spaces is still unknown. What we do know is that there is one confirmed tenant for the retail space below.

NEW DETAILS ON THE DAYTON’S FOOD HALL & MARKET

Dayton’s Food Hall & Market will be curated by Minnesota’s own, Andrew Zimmern, along with his team at Passport Hospitality.  

New details on the food hall show that it will span over 45,000 square feet and will occupy over half of the basement level along with space on the ground floor at the corner of S 7th Street and Nicollet.

Within the space there will be many different seating arrangements along with a central bar featuring lounge seating. Oh yeah, there will also be 40-50 different chef-driven kiosks. Now, that’s a big food hall.

In addition to that large foot print of the food hall it also appears that there will be a 4,856 square foot retail space tucked into the back corner of the food hall. Could we also be getting a full-service Andrew Zimmern restaurant? Fingers crossed.

While food may be the focus, Dayton’s Food Hall & Market also plans to feature a number of special events throughout the year such as guest appearances and demonstrations, movies, live music and more.

Now with the food hall taking up 45,000 square feet of the 200,000 square feet of available retail space, what’s in store for the rest?

NOT ANOTHER BLOCK E

Mid America Real Estate is leasing the retail space within The Dayton’s Project. A new leasing brochure featured on their website offers new details on how the interior reconfiguration of the three levels of retail space will look.

The basement level will be home to Dayton’s Food Hall & Market (which you just read about) along with 25,206 square feet of divisible retail space and that 4,856 square foot retail space that we also mentioned above. Our prediction is that this level will be devoted to food and entertainment.

The ground floor of the building will include another entrance to the Dayton’s Food Hall & Market and another 50,000 square feet of retail space that is split up into a number of different configurations. The ground floor will also be home to the lobby for the office space on the upper floors of the building. We expect this floor to be a mix of clothing retailers, fast casual restaurants and service oriented retailers

Last but not least is the second floor, which most likely will be the busiest level due to its five skyway connections. It’ll be home to another 50,000 square feet of retail space. We do want to point out that there is one interesting aspect of this level that is called out in the marketing brochure. It’s the “Beauty Hub.”

A BEAUTY HUB? WE LIKE THE SOUND OF THAT.

There aren’t many details available on the 13,256 square feet of space that is designated as the Beauty Hub, but that won’t stop us from speculating.

If you think about it, Downtown Minneapolis is a desert when it comes to cosmetics and beauty stores. Yes, there are plenty of places to get your hair done but when you really think about it there are little to no places for cosmetic purchases. No really, think about it. Your only option is pretty much Walgreens or Target. That could change with the Beauty Hub at The Dayton’s Project.

What we believe the Beauty Hub could be is a creative way for the developers to lure in not one, but multiple brand name beauty retailers. The way they would do so is by creating a hub where each of those retailers can feed off of each others energy and more importantly, each others customer base.

Think cosmetic retailers like MAC, Sephora, Bare Essentials or NYX and salons like Rocco Altobelli or Juut. The collection of these tenants would be a destination for visitors to The Dayton’s Project which also might be why the developers have placed this hub in a large space towards the back of the building.

Currently the space designated as the Beauty Hub is listed as divisible so it’s clear that the developers are looking to secure multiple beauty tenants. Now, the question is, who will step up to the plate and make everyone’s Downtown beauty dreams become a reality?

NEW RENDERINGS OFFER A GLIMPSE INTO THE FUTURE

One of the biggest updates that the marketing brochure features are new renderings of both the interior and exterior of The Dayton’s Project.

Since gaining the right to use the Dayton’s logo it appears that the developers plan on branding the building once complete as simply “Dayton’s.” It’s a perfect way to honor this building’s historical pasT that stretches back over a century.

Other things depicted in the exterior renderings include a change to the ground floor bay windows which will now be replaced with large panes of glass (not garage like doors as originally rendered). The exterior will also undergo an extensive cleaning and restoration of the its brick and stone.

Interior renderings show a number of updates to lighting and finishes. There now appears to be an LED/neon light sculpture that will span the void within the space. Speaking of that void, the new renderings also now show the agreed upon void opening which is slightly smaller than what was originally planned now spanning 1,900 square feet instead of the original 2,500 square feet.

One thing we do want to put out is the fact that plans are always subject to change and that some of the floor plans and renderings that you might see here today may change before the completion of the project.

THE TEAM

As we wrap up our latest update on The Dayton’s Project we thought we should give you a reminder of the massive team working on this amazing transformation of one of Downtown Minneapolis’ largest and most historically significant buildings.

It takes a village they say and it is certainly clear with this one that it truly does.

Owners: The 601 W Companies

Investors: Telos Group and United Properties

Architect and Interior Design: Gensler

Leasing: Telos Group

Property Management: Transwestern

Retail Leasing: Mid-America

Office Leasing: Transwestern

General Contractor: Gardner Builders

Owner’s Representative: Hightower Initiatives

Preservation Architects & Historical Advisor: PVN

Structural Engineer: Meyer Borgman Johnson

MEP / FP Engineer: McGuire Engineers Inc

Work on The Dayton’s Project is expected to wrap up in Spring 2020. Check back before then for more updates on this exciting and transformative project.

 

CONDOS PLANNED FOR THE NORTH LOOP

A vacant parking lot in the North Loop could soon be redeveloped into a ten-story condo building.

Located at 100 N 3rd Avenue and just steps from some of the North Loop’s best shopping, TMBR would stand 119’ tall and feature residential space, commercial space and underground parking.

Plans show the ground floor of the building being split between private residential amenity space and public retail space with the upper floors being devoted to 84 condos.  

Residents within TMBR would have access to a large lobby located off of N 3rd Avenue along with a fitness center, mail room and bike room. Units within the building would range in size and include one, two and three-bedroom units. A number of units within the building would also have access to large, and we mean large, private recessed balconies. 114 parking spaces would be located on three underground levels within the building along with a small recessed surface lot. Access would be provided by an existing curb cut along N 3rd Avenue.

Dwyer Oglesbay is the architect behind the design of TMBR which will be clad in glass and terra cotta. Downtown Resource Group (DRG) has been brought on to sell the condominium units within the building.

MORE NORTH LOOP RETAIL

Six different retail spaces covering 5,000 square feet would line N 3rd Avenue. The goal is for the retail space to become home to shops that will help strengthen the North Loop’s already vibrant shopping scene and also a newly vibrant block.

Just last year Paster Properties completed the restoration of a historic commercial building with ground floor retail space next door to the site that TMBR would be constructed on. The building is now home to Chicago-based Fairgrounds Craft Coffee and Tea and next month will also become home to a Lululemon location. An additional, unannounced, retailer has also signed a lease for space within the building.

TMBR will be presented for feedback to the Historical Preservation Committee today, March 19th, at 4:30pm.

 

NEW DETAILS ON PLANNED DOWNTOWN EAST TOWER

Screen Shot 2019-03-06 at 9.29.24 PM.png

New plans have been revealed for a proposed residential tower just steps from U.S. Bank Stadium.

Ryan Companies has been working since 2014 on plans for a new tower that would rise on a small plot of land next to the Mills Fleet Farm parking ramp. When the ramp was constructed there were always intentions to also build a tower of some sort, whether that tower would be a hotel, office, or residential space was the question.

In 2018 Ryan Companies released plans for a residential tower that would be constructed on the site located at 710 S 4th Street. At the time a 25-story building was planned that would have included 245 apartments. One of the downfalls of that proposal was that there was no retail space planned within the project which many felt was a huge miss due to the site’s proximity to U.S. Bank Stadium.

UPDATED PLANS

New plans for a 305’ 24-story building will be presented to the Minneapolis Planning Commission at their next meeting. With the new proposal more apartment units have been added to the development along with a small amount of retail space on the ground floor.  

In total, the building would house 342 apartments on floors 2-23 ranging in size from micro units to two-bedroom units. Floors 22 and 23 would also include penthouse units which are expected to feature larger square footages and upgraded finish packages. 120 parking stalls would be located on one level of underground parking and three above ground levels. 1,070 square feet of retail space would be also located on ground floor towards the middle of the building.

Residents would have access to a number of different amenities located throughout the building. The first floor would feature an expansive lobby along with a bike maintenance and electric scooter charging room, a pet spa and an outdoor pet run. Level two would feature leasing space, work space and more indoor amenity space. Level six of the building would include additional indoor amenity space along with a large outdoor amenity deck with a number of different sitting areas, fire pits, outdoor kitchens and walking trails. Last but not least, residents would have access to a top floor amenity level located on floor 24 which would include over 7,500 square feet of indoor amenity space along with a 3,400 square foot outdoor pool terrace.

Ryan Companies would develop the building and The Excelsior Group would own and manage the property once complete. Construction could begin later this year with an anticipated completion in 2021.

 

NORTH LOOP PROJECT RISES ABOVE STREET LEVEL

19B55A34-C289-4166-9D97-77473067EAE1.jpg

As the first floor of concrete work nears completion, a new project within the North Loop prepares to ascend into the sky.

Second & Second is currently under construction at a site that was previously a surface parking lot at 128 N 2nd Street in the North Loop. The new mixed-use building will bring 158 apartments and 20,000 square feet of ground floor retail space to the neighborhood. Multiple levels of underground space will provide parking for both residents of the building and guests of the retail spaces.

Retail space and the residential lobby will be located on the ground floor of the building with the upper levels being home to apartments and resident amenities. A unique design element of this project is an outdoor plaza that will run centrally through the site. The “connector” will run at street level connecting N 2nd Street to what eventually will be the Foundry mixed-use project behind Second & Second.

Second & Second will sport a modern design and will stand six stories tall once complete. Snow Kreilich Architects designed the building, which will be clad in dark brick, metal accents and multiple illuminated elements. Weis Builders is the general contractor constructing the building and Colliers International is the broker marketing the retail space, which is available spaces between 1,100-14,000 square feet. 

Construction on Second & Second is anticipated to be complete in fall 2019.

 

AN ENTIRELY NEW LOOK FOR CITY CENTER

Renderings have been surfaced for a massive renovation of one of Minneapolis’ tallest towers.

City Center, located at 33 S Sixth Street, is set to receive a large-scale renovation that would touch both the exterior and interior of the building. Leasing documents that have surfaced show that with the renovation a potential rebranding of the mall space could occur which would tentatively be called “CC33”.

Last year City Center 33 South Property LLC bought the 51-story building for a record $320 million dollars. With the purchase announcement the new owner stated that an extensive renovation of the building was in the works with the hopes that it would attract new retail tenants to fill some of the nearly 50,000 square feet of vacant retail space within the mall area. 

The renovation would bring a new modern look to the exterior base of the building transforming today’s non-active façade into a vibrant facade. Renderings within the leasing document show wood accents and metal work cladding the exterior of the building along with two spots for what appears to be digital signage opportunities. The interior would also receive updates to its look which might even include a pop-up wine bar within the large atrium space. And let’s be honest, a wine bar is sure to be an after work hit with the thousands of employees that work in the nearly 50 stories of office space within the building.

As with all projects renderings can always change so there is a chance that as tenants are secured or as more details are solidified in regards to the renovation that these images could change.

Colliers International has been selected as the real estate company who is in charge of securing new tenants for the vacant retail space. The project is managed by Ryan Companies and was designed by DLR Group

At the moment an official construction start date has yet to be announced.

 

LULULEMON PLANS FIRST MINNEAPOLIS LOCATION

image1.jpeg

Lululemon is setting up shop in the North Loop. 

The company will open their fifth Twin Cities location this April in a 2,741 square foot space at 124 N 3rd Avenue. The historic building they will call home was recently renovated and restored by Paster Properties. Fairgrounds Craft Coffee and Tea, a popular coffeehouse from Chicago, also has a location within the building that opened on the ground floor last fall.

Lululemon will add to the ever-growing list of retailers opening within this particular area of the North Loop. National chains such as Warby Parker and Bonobos both have stores just blocks away, but it’s not just national chains setting up shop. A number of local shops have also opened within the area including Parc Boutique, HOUSER and Filigree Jewelers.

 

800 WASHINGTON AVE S PROPOSALS REVEALED

Sherman's most recent proposal for a mixed-use project at 800 Washington Avenue S.

Round two. Here we go.

The City of Minneapolis issued a RFP (request for proposals) for a 0.56 acre site located at 800 Washington Avenue S back in April, today the proposals were revealed.

Before we start explaining the proposals let us tell you that it wasn't the first time the city was seeking development proposals for the site.

Mortenson's original proposal

Mortenson's original proposal

In 2015 the city also submitted a RFP for 800 Washington Avenue S and it received a number of proposals for the site. In the end the city chose a 10 story proposal from Mortenson that would have included a 235 room Hyatt Centric hotel along with 15,000 square feet of office space for the adjacent American Academy of Neurology (AAN) to expand into. However, those plans never came to fruition and shortly after Mortenson was chosen the company walked away from the site.

That brings us to today, a day in which the city of Minneapolis reveals the four proposals it received during round two, one of those proposals being from one of the original developers seeking to build on the site. Let's start with that proposal.

SHERMAN ASSOCIATES (MIXED USE PROJECT)

Sherman's 2015 proposal.

In 2015 Sherman Associates submitted a proposal for a 9 story mixed-use building with a 140 room Kimpton Hotel, 15,700 sqf of office space on the third floor for Sherman Associates new headquarters, and a 25,000 sqf Pinstripes bowling alley on the first and second floor. 

Sherman's 2018 proposal.

The proposal submitted the second time around looks somewhat similar on paper, however a shift from hotel rooms to apartments has occurred while the exterior design has also been updated.

This time around Sherman Associate's proposal is for a 10 story mixed-use building. The first and second floor would still include a Pinstripes bowling alley, the third story would still be home to office space, this time around space for the AAN, and the remaining floors above would instead be devoted to 112 apartments. 20 percent of the housing units proposed would be affordable units for those making less than 60% of the area's median income.

The estimated cost for the project would be around $54 million.

AECOM (MIXED-USE PROJECT)

AECOM, a developer based out of LA, has proposed a mixed-use project that would be eight stories tall. Little was given on the details of the project, however the building would house 76 for sale condo units along with office space for AAN on the lower floors.

More information should be available in the coming weeks about this proposal.

OPPIDIAN INVESTMENT COMPANY (COMMERCIAL PROJECT)

Based out of Excelsior, MN, Oppidian Investment Company has pitched a six to eight story building that would be entirely commercial. The goal would be to attract a large office tenant that would lease a majority of the space within the project.

Developers state the the building would be perfect for a company who is "image conscious" and a company that "values a human-scale building — not one for 20 tenants in a 250,000-square-foot building." 

Overall the Oppidian's proposal is expected to cost somewhere between $40-$60 million.

Oppidian is also currently developing The Capp, a mixed-use project under construction off of Hiawatha Avenue in Minneapolis. That project made the headlines earlier this year as it will be home to Cub Foods first ever small-format store. In addition to the 46,000 square foot grocery store, there will also be 3,100 sqf of additional retail space, 148 apartment units located on five of the upper levels of the project, and a public plaza.

45 NORTH GROUP (COMMERCIAL PROJECT)

A local startup firm based out of St. Louis Park is proposing a five story, 72,000 square foot building with ground floor retail space and offices on the upper floors.

45 North Group has stated that the building would be energy efficient, even qualifying as "net zero," meaning that the project would generate as much energy as it uses. This would be achievable due to an expansive set of solar panels planned for the top of the building.

No overall price for the project was given.

We'll have more information for the proposals mentioned above in the coming weeks.


 

10 STORY SENIOR LIVING PROJECT PLANNED FOR PROSPECT PARK

R2.jpeg

Another mixed-use project is being planned for the Prospect Park neighborhood, this time around it won't be student housing, but rather Senior Living units.

Located at 22 Malcolm Avenue SE, "Prospect Park Senior Living" will be constructed on a site that is currently home to a day care center, industrial building, and multiple surface parking lots. The building itself will feature three varying building heights going from four stories, to six, and at its highest point, standing ten stories tall. The project will be home to 283 senior living residential units and 8,700 square feet of retail.

6,634 square feet of that retail space would be found within the four story section of the building fronting University Avenue and would be home to a child care center. Most likely the day care space will be home to Children's Village Montessori Day Care as their current home will be torn down in order to make way for the new project.

Another retail space of 2,144 square feet will be located at the back left corner of the building on the corner of 30th Avenue SE and 4th Street SE. Perfect home for a Starbuck's?

r1.jpeg

SENIOR LIVING

This project will serve an underdeveloped area within the housing market; the senior citizen sector. All 283 residential units within the building will be devoted to senior citizen living, however not all them will be the same format or living situation.

In the six story section of the building that will front 4th Avenue SE (at the backside of the lot) there will be 118 individual living units. These units will be more like a traditional apartment, however they will still have access to the medical care and 24 hour monitoring that the other units within the project will have access to.

The 10 story section of the building, which will front Malcolm Avenue SE on the East side of the site, will be home to a total 177 additional residential units.

54 of those residential units will be Memory Care units and will be home to senior citizens with memory loss diseases such as Alzheimer's. The remaining 123 units will be Assisted Living units and will be home to senior citizens who need care and aid with everyday tasks.

R3.jpeg

AN EXPLOSION OF GROWTH

This project is just the latest to surface in an area that is seeing an explosion of growth. 

Next door, The Link, will open in May. That project will offer over 325 residential units aimed at working professionals and students, along with 41,000 square feet of retail space. About 30,000 square feet of that space is already spoken for and will be home to a Fresh Thyme Farmers Market which will open this summer.

Behind that project another residential project, The Green on Fourth, is planned. That project will bring a six story residential building with 243 residential units. To its left, 4th Street Lofts is being planned, which will be another 6 story residential building that will be home to 163 units. If you go to the right side of the The Green on Fourth, ANOTHER residential building is being planned that will be 5 stories tall and be home to 70 residential units.

SP1.jpeg

To top it all off, the area behind all of these projects is also undergoing a redevelopment.

Malcolm Yards Market, a new food hall, is expected to open sometime this year in a historic building that is being restored and expanded. In addition, Midwest Climbing will be opening a new climbing facility in the area in a few years.

Lastly, a developer has recently proposed an additional mixed-use project off of Malcolm Avenue SE that would include over 50,000 square feet of retail space along with residential units and potentially office space. Do we really need to say it? This area is BOOMING.

If you're curious to see where all the projects mentioned above are located, take a look at our Development Map. It's packed with information and images.

Prospect Park Senior Living is expected to be completed in early 2019.

SEPHORA OPENING UPTOWN LOCATION

Image.jpg

Sephora will open their first Minneapolis location in the heart of Uptown come Spring 2018.

The new store will be located at Calhoun Square at 3001 Hennepin Avenue in a space that formerly housed an AT&T location. The ground floor retail space covers 4,411 square feet and has access from both the interior and exterior.

This marks a major land for Calhoun Square.

While the center underwent a renovation and relocation of its main entrance a few years ago when it was acquired by Ackerberg Group, it has still struggled to retain tenants within prime retail spaces on the corner of Hennepin and Lake Street along with some interior spaces.

However, recently the center seems to have struck gold, not only landing Sephora, but also Fig + Farro, a new restaurant that will open in January on the ground floor in the former Parella space. The center also became the new home for Roat Osha which took over the space on the second floor that was formerly home to Chang Mai Thai. 

While Sephora may be new to the neighborhood, it won't be the only beauty retailer that has set up shop. MAC has had a location for a number of years across the street at the corner of Hennepin Avenue and Lake Street, while the Urban Outfitters and Victoria's Secret locations directly across the street also carry beauty products.

Sephora currently has four freestanding locations within the Twin Cities, however there are 10 more locations found within various JCPenney locations in the metro.

Sephora plans to open in Spring 2018 at 3001 Hennepin Avenue in Calhoun Square.

FAIRGROUNDS COFFEE AND TEA LEASES SPACE FOR NORTH LOOP LOCATION

A new coffeehouse is coming to the North Loop, with love sent by Chicago.

Fairgrounds Coffee & Tea will open a new 2,420 square foot location at 120 3rd Avenue N in a historic building that is currently undergoing a complete renovation. This will be Fairgrounds Coffee & Tea first (or second) location outside of Chicago, they currently have two locations within Chicago. Another location is also under construction in Los Angeles.

Now, Fairgrounds is not just another coffeehouse. 

CHI4.jpg

What makes Fairgrounds different than other coffee houses is that they serve products from multiple coffeehouses and breweries. Most coffeehouses stick to a single brew, typically their own.

What Fairgrounds is classified as in the coffee world is a "brewery agnostic". This means they serve brews from a number of different breweries and coffeehouses, and not just any coffeehouses, but the nations BEST coffeehouses. We're proud to say that Minneapolis' very own Spyhouse is on their list.

The new cafe will service hot and cold brews along with espresso, matcha, tea, and a unique list of elixers (fancy coffee beverages). There will also be a food menu including breakfast items, sandwiches, soups, salads, and more.

Fairgrounds Coffee and Tea is expected to open in Summer 2018 at 120 3rd Avenue N.

 

Development proposals emerge for 205 Park Avenue

Proposal designed by ESG Architects on behalf of Sherman Associates  |  Sherman Associates

Proposal designed by ESG Architects on behalf of Sherman AssociatesSherman Associates

Another one bites the dust...and we're talking about surface parking lots.

One of the last remaining pieces of land in the Mill District will soon have a new building rise upon it's soil. Two developers have have submitted plans to the City of Minneapolis for mixed-use developments on what is currently a surface parking lot at 205 Park Avenue.

THE FIRST PROPOSAL

Sherman Associates has submitted plans for mixed-use development designed by Minneapolis based ESG Architects.

Estimated to cost $36 million, the six story building would include 115 market rate apartments with 20% being reserved for individuals making 60 percent or less than the median income along with four for-sale townhome units. 

The ground floor would include a restaurant with a separate bakery and coffee shop by local restaurant owner Kim Bartmann. The building would also include a police substation and a dog park. Running behind the building would be a pedestrian walkway connecting Washington Avenue and 2nd Street.

THE SECOND PROPOSAL

The city has also received another proposal from Grand Real Estate Advisors. Their proposal is also a six story mixed-use building that would include residential units. The difference is in the type of residential units. GREA is proposing 48-52 condo units that would be priced between $350,000 and $1.3 million. 

The development would include a 3,000 square foot space for a restaurant and bakery on the first floor. Like the Sherman Associates proposal, a dog park would be included on site.

One of the major differences between the two projects is the affordable housing aspect which was one of the main requests from the city. Sherman Associates proposal would include affordable housing on site while GREA is currently in discussions with City of Lakes Community Land Trust on a way to include affordable units elsewhere in the city.

The city of Minneapolis will select a proposal and authorize a land sale at the end of the summer.

 

REX26 | A new life for an urban corner

Rendering from the corner of 26th St and Lyndale Ave S | Minneapolis Planning Commission

The Whittier neighborhood is about have an abundance of life brought back to what currently is a bleak corner on one of the city's busiest roads.

REX26 is the name for a project planned at the corner of 26th Street and Lyndale Avenue South. The 4 story mixed-use building would house 100 residential units and 18,982 square feet of retail space. It would be a great addition to the surrounding area as the retail space is planned to house a full service grocery store.

The site was originally home to the Rex Hardware store which was constructed in 1914 and stood for nearly 100 years. In 2011 the building, after many years of neglect, was demolished and the has since then sat vacant except for a few public gardens.

Exterior of REX26 | Minneapolis Planning Commission

Plans were announced late last fall for Rex26, a new mixed-use development that would be constructed on the vacant corner along with the sites of four adjacent houses. The formal plans for the development will go before the city planning commission at their April 14th meeting.

The most recent plans show a four story building that stands 167' 2" tall. Designed by RSP Architects, the building facade makes use of modern materials such as metal and brick, along with large spans of glass. Apartment units on the upper four floors will also include balconies. 

While some may look at the design of the building as too modern and out of touch with the neighborhood, we think it actually could set a very good precedent for future buildings that will undoubtedly line the avenue. At five stories tall the structure takes into account the surrounding low-rise buildings and strays away from the standard maximum 6 story height that developers are able to achieve in Minneapolis wooden construction. The design also aims to utilize "blocks" making the building appear as separate buildings, instead of one large hulking mass.

First Floor retail space showing grocery tenant | Minneapolis Planning Commission

Now regarding that full-service grocery store that would be brought to the neighborhood. The developer "accidentally" mentioned Aldi as the grocer to occupy the ground floor space when the plans were originally presented in the fall. Since then no official retailer has been announced and the idea of Trader Joe's opening in the space have been shot down (the two companies are part of the same family).

If approved by the planning commission, construction on the project would begin this summer. With a 13 month construction time frame the project would be complete by late summer 2017 with the main floor retailer opening most likely in the Fall.

 

10 story office project planned for Washington Ave N

Another empty lot in the North Loop may soon become a sprawling 10 story office building if one developer has their wish. The thing is, you probably won't even notice as that's how perfect this building will fit in to the surrounding area.

CPM Development this past fall purchased what currently is a mixed-use building along Washington Avenue North called the Internet Exchange Building. The property included a surface parking lot behind the building and from the day the purchase became public questions began to be asked on what CPM would do with the parking lot behind the building. As most know, parking lots these days in Downtown Minneapolis are limited and if they don't have a development planned on them now, they soon will.

THE PLAN

Northeast Elevation  |  Planning Commission

Northeast Elevation | Planning Commission

CPM will present plans to the Minneapolis Planning Commission on March 31st for a new 10 story building to be constructed on the surface parking lot at 419 Washington Avenue North. 77 parking spaces will be included in the project on one sub grade level along with the ground floor. The rest of the ground floor will be space devoted to 7021 square feet of retail while floors two through ten will feature 23,420 square feet of office space per floor.

The retail space is currently designed with two sets of doors from the streetscape which means the space could be subdivided. However when you think about how hot the North Loop area is recently when it comes to the restaurant scene it seems very likely that this perfectly sized retail space will be snatched up by another restaurant spearheaded by one of Minneapolis' finest chefs... and we're not complaining.

LET'S TALK ABOUT THE DESIGN

It's gorgeous and very well designed. To be honest, we don't know how quite to describe it... besides the text below.

The ten story (11 including the below grade parking level) structure features a design that is perfect for the North Loop. Clad in brick from head to toe, well...ground to cornice, the building gives off a strong vintage vibe that is sure to fit in with the surrounding buildings. 

Southeast Elevation | Planning Commission

DJR Architecture is responsible for the overall design which features large expansive "warehouse" styled windows along with numerous arched windows. Something we believe should be noted is the fact that DJR treated the front Northeast facade of the building along with the back Southeast facade (which faces the railway and is across from Dock Street Flats and T3, and office building which is currently under construction) as equal primary facades. This means that both are rich in detail, including full brick work and arched windows. It's an attention to detail that really is going to make a difference.

We here at The Development Tracker are extremely excited about this excellently designed building that is planned for an iconic Minneapolis neighborhood. We can't wait to see the shovels hit the ground!

 

Target confirms new Uptown location

Rendering of Lake and Fremont Project | CPM Development

Uptown Target enthusiasts, your wish has been granted. On Friday Target officials confirmed that a new store will open in October 2017 in a new mixed-use development on the site of the former Cheapo site. Literally the heart of Uptown.

News that Target is officially coming to Uptown isn't necessarily "new" news. There's been plenty of speculation of what tenant would open in CPM Development's new Lake & Fremont project located at 1300 West Lake Street and 2928 Fremont Avenue South.

The project will bring a new $40 million, 6 story mixed-use building featuring 125 apartments, 5,000 sqf of second floor office space and of course retail space for Target.  The drawing factor for Target to this project was the fact that it not only was in Uptown, but also that the project included 21,000 sqf of continuous commercial space on the ground floor which is uncommon for new projects in the Uptown area. 

Rendering of Lake and Fremont Project | CPM Development

Target was a logical tenant due to the fact that the company has been waiting to make an entry into the heart of Uptown for a number of years now. The problem was that Target didn't have a store design that was small enough for the neighborhood... That is until last year of course.

That's when the company introduced what then was known as Target Express, now simply as just Target, to the Dinkytown neighborhood and the world. Target's small footprint prototype now has a number of locations across the United States and is the company's biggest focus regarding expansion for the next year. 

What's in store...literally.

Target's new location will feature one level of shopping covering 21,400 square feet. Within the space Target will sell men's and woman's (possibly kids) apparel, groceries and ready to eat-meals, household items and more. 23 parking spaces will be available for those who decide to drive to Target's new location, however most are expected to walk.

The location will also feature a CVS in store Pharmacy (it's a new concept beginning to be rolled out this year since CVS bought Target's pharmacy operations last year). Renderings also show a Starbucks sign in the window however that detail was not confirmed by company officials. 

CPM plans to begin demolition of Cheapo's former space this week with construction of the building beginning immediately after demolition is complete. Construction is expected to be complete in early Fall 2017 with Target opening in October 2017.