Hi-rise

DEVELOPER EXPLORING PLAN FOR 25-STORY MIXED-USE PROJECT IN DINKYTOWN

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Planning work is underway on what could become a 25-story building in the heart of Dinkytown

Developer CA Ventures is currently exploring two different development options for what today is four parcels of land located at the corner of 4th Street SE and 15th Avenue SE. The site where the new tower would be built is currently home to six different businesses including Five Guys, Himalayan, Pagoda, McDonald’s and Dinkytown Wine and Spirits.

We do want to mention before you students begin to freak out over the loss of not only McDonald’s, but also Dinkytown Wine and Spirits, that it is very likely that many of the displaced businesses would find a new home within the ground floor retail space of the new building.

Now let’s get on to the details. 

TWO OPTIONS

The first option (option A) that developer CA Ventures is exploring is a 25-story building that would feature a slender design. The small floorplates, many of which would only be 13,000 square feet, would allow for the building to take up less of the full site as it rises which also means that it would also be less visible from the street level.

The second option being explored (option B) would be for a 16-story building that would feature a mezzanine and larger floorplates. Due to the fewer number of floors, the floorplates within this option would need to be around 26,000 square feet each in order to make the project feasible. This would result in a building that would need more articulation and relief along its facades (just think of a more complex facade) in order to break up the overall mass.

Long story short, option A would be a slender, taller tower with a smooth facade and option B would be a shorter, chubbier tower with a varied facade.

THE DESIGN

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CA Ventures is working with Minneapolis-based ESG Architecture and Design to design the new building. They’re presenting their schematic plans to the Minneapolis Planning Commission Committee of the Whole at their August 22nd meeting for feedback. Once that meeting occurs ESG will continue to refine the design of the project further.

When design work continues on the project it will be quite interesting to see what the final design for the project ends up actually being. The reason why is that all four sites that are to be redeveloped as a part of the project are not part of the DInkytown Historic District, hence why the tower could stand 25 stories to begin with. However, even with the project not having to abide by the strict design guidelines it likely will still draw inspiration from the historic buildings surrounding the site.

When it comes to the size of the project, ESG and CA Ventures have pulled together a large amount of data from the following plans in order to influence the decision to go taller rather than the standard six stories found elsewhere in the neighborhood.

  • Marcy Holmes Neighborhood Master Plan (Small Area Plan), 2014

  • 15th Avenue Southeast Urban Design Plan, 2008

  • Dinkytown Commercial Historic District Design Guidelines

  • Granary Corridor Study

  • The Minneapolis Plan for Sustainable Growth

  • Minneapolis 2040 Comprehensive Plan

The data pulled from these plan studies state that an “iconic sense of arrival and entry point to Dinkytown” has been desired to be created for a number of years. In addition, a need for density has been mentioned multiple times due to the decrease in available land parcels in the surrounding area and the proximity of the neighborhood to the University of Minnesota campus. Lastly, the area where the project has been proposed has been mentioned numerous times within the plans as an area that should support a high-rise mixed-use tower.

CA Ventures is using these findings to further back their plans for a large mixed-use project on what today is a site filled with multiple low-rise buildings.

NEXT STEPS 

Preliminary plans for the two redevelopment options for 407 15th Street SE will be presented for feedback to the Minneapolis Planning Commission Committee of the Whole at their meeting this Thursday, August 22nd at 4:30pm.

We’ll be sure to post more information on what option is recommended right here on our website once it becomes available and of course we will also be sure to post the final design once it becomes available.

Check out our Instagram story today (08.20.2019) to vote on which option you think should move forward.

 

REVISED PLANS SHOW ONE LESS TOWER FOR CALHOUN TOWERS PROPOSAL

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Plans for a pair of 24-story towers near the shores of Bde Maka Ska have changed.

Last July Bader Development presented plans to the City of Minneapolis Planning Commission for a four phase, four building residential development that would be constructed surrounding the existing 22-story Calhoun Tower. The plans at the time were to construct two 24-story towers along with two low rise buildings, one six stories in height and the other seven. You can read about those original plans here.

Unfortunately, as Bader continued with design documents and construction pricing the proposal with two towers was deemed “not feasible.”

THE NEW PLANS

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The biggest revision to the Bader Development’s plans includes the removal of the two towers. Instead, plans now show one single redesigned 24-story tower (building A) and a seven-story building (building B) to be built in the space where the two towers were originally planned.

A few other small modifications have been made to the low-rise buildings (building C and D) which include massing adjustments and revised material selections. Another level of units has also been added to building C in order to better match the heights of all three low-rise buildings.  

In total, the project is planned to include 736 apartments, down from the 849 originally proposed. The amount of parking planned has also been reduced from 856 stalls to 760.

20% of the planned units would meet affordable housing standards. Right now, building C is expected to be mostly, if not entirely, affordable housing. Bader Development hopes to begin construction on it as soon as possible on building C.

THE DESIGN 

ESG Architecture & Design is the architecture firm working on the Calhoun Towers project.

The design of the project is meant to maximize density while “emphasizing green space and the public realm at the street level.” With that being said, the low-rise buildings have been intentionally planned for sites located along the edge of the property in order to help better connect with the low neighboring multi-family apartments.

The materials to be used to clad the buildings would vary slightly. The exterior of the tower would be clad in glass and metal with the base featuring brick with metal and wood accents. Building B, which would be directly connected to building A, would be clad in masonry and fiber cement. Buildings C and D also would be clad in similar materials.

A few outdoor amenities that residents would have access to would include a pocket park, dog park, courtyard and a large terrace with outdoor pool deck located on level five between buildings A and B. Building D would also have a large transit plaza as it would be located directly next to the West Lake Street Southwest Light Rail station. 

THE TIMEFRAME

The timeframe for all four phases of the Calhoun Towers project varies.

Work on building A (the tower) is expected to begin next year in 2020 and be complete in 2022. Work on buildings B and C is expected to begin in 2020-2021 before work on building A is complete. Construction on building D likely won’t begin until after 2022 due to the temporary construction easements on the building site related to the Southwest Light Rail Project.

Plans for Calhoun Towers will be presented to the Minneapolis Planning Commission Committee of the Whole for feedback at their August, 22nd meeting at 4:30pm. Later this fall more refined plans will go before the Minneapolis Planning Commission for approval.

 

36-STORY TOWER PLANNED FOR THE NORTH LOOP

A parking lot adjacent to the Twins Stadium is set to become home to a large mixed-use development. 

Houston-based Hines has revealed that they are planning a new development called “North Loop Green” on the site located at 350 N Fifth Street in the North Loop neighborhood. The development would include a 36-story residential building and a 14-story office building.  

The 36-story building would be home to 450 rental apartments. Those units would be split into two different types with 360 of them being market-rate apartments and another 90 being short-term rental apartments. Each apartment type would have their own designated lobbies but both would share the same amenities.

The 14-story building would be home to 340,000 square feet of office space and has actually already landed a tenant for a portion of that space. ESG Architecture & Design, the firm who also designed the project, has committed to move their entire office of 175 employees from their current space on Washington Avenue to the new office tower once complete in late 2022.

ESG was selected by Hines after a national search due to their understanding of Minneapolis and the number of projects they have completed within the city. North Loop Green is ESG’s largest project that they have worked on to date.

When it comes to the design of North Loop Green it was designed with transit and density in mind. Hines hopes that the site can be an “urban oasis” for travelers coming from the Blue and Green light rail lines, the Northstar Commuter Rail and the Cedar Lake Trail

A new “grand staircase” along with pathways and plazas will be built within the site that will connect it to the Cedar Lake Trail below. A large plaza will be located in front of the two towers that will feature gathering space for the community. 15,000 square feet of retail space will be located off of this plaza on the ground floor of each building.

When it comes to the designs of the buildings Hines wanted to ensure that characteristics from both the North Loop and the Downtown Central Business District where both included. ESG therefore designed the buildings to feature clean and crisp silhouettes that draw from many of the designs of skyscrapers in the CBD while also featuring handmade design elements inspired by the North Loop. 

One unique design element of North Loop Green will be an “amenity bridge” that spans between the two buildings. Due to the taller floor-to-floor heights in the office building the bridge will connect on the 17th story of the residential building and the 14th story of the office building. Within the bridge there will be 5,000 square feet of indoor/outdoor space to house a restaurant and bar that will have stunning views of the downtown skyline.  

Hines has owned the site where North Loop Green will be constructed since 2012. The site is part of a 6 acre-parcel of land where Hines has already developed two phases with the first being Dock Street Flats and the second being the T3 office building. 

This also isn’t the first proposal that Hines has had in the works for 350 N Fifth Street. Back when The Development Tracker first began Hines was exploring another two-tower proposal that would have included two 20-story buildings. One of the buildings would have included office space while the other had not been determined at the time. You can see that proposal here.

Hines will submit their plans for North Loop Green to the city of Minneapolis and the North Loop neighborhood later this week. The project still will need to go through all of the formal city review processes which means construction most likely wouldn’t begin until Spring 2020 at the earliest.

We’ll be sure to post more information right here on our website about this exciting project as it becomes available.

 

OPUS PLANS 20 STORY MIXED-USE PROJECT FOR NICOLLET SITE

A 20-story building has been proposed for a site located along Nicollet Avenue in Downtown Minneapolis.

The Opus Group released plans this week for 301 Nicollet, a new mixed-use project that would be constructed on the remaining 1.5 acres of land directly next to another of their recently completed projects, 365 Nicollet.

301 Nicollet would include 5,380 square feet of ground floor retail space along with 357-370 apartments on the upper floors. A five-level parking ramp with 351 parking spaces would be concealed within the core of the building and would be wrapped with apartments. Located midway on the block would be a 3,500 square foot motor court with vehicle drop off space that would be accessed off of S 3rd Street. A 100’ wide alleyway would be left between 301 and 365 Nicollet.

The ground floor of the building would house four two-bedroom walk up units along with one 2 bedroom + den walk up unit. The second floor would include a number of apartment units along with a large work from home suite with multiple working spaces. Amenity space would be found on the 6th and 20th floors, both of which would feature indoor and outdoor space. On level 6 there would be a clubroom, sport room, yoga studio, fitness center and a spa. Outdoors there would be a large pool with sun bathing and cabana space, a hot tub, outdoor grilling and dining space, fire pits, a large lawn game court and two large landscaped areas dubbed “meadow” and the “grove.” The 20th floor would be home to another amenity space featuring a 2,220 square foot club room and a large 2,083 square foot outdoor terrace.

One unique residential amenity that 301 Nicollet would feature that most other residential buildings in Minneapolis do not are sport courts that would be located on the ground floor of the building. Plans currently show two squash courts along within a large indoor gym with a basketball hoop. We’d like to think those courts would make the winter a little bit more bearable for those lucky residents that get to call 301 Nicollet home.

Units within the building would range in size and include studios, one-bedroom, one-bedroom + den, two-bedroom and two-bedroom + den units. The smallest unit within the building is currently planned at 459 square feet with the largest coming in at 2,625 square feet.

Access to the Minneapolis skyway system will be provided via 365 Nicollet. An entrance to the skyway space from the ground floor will be located at the back right corner on the building along Nicollet.

Designed by ESG Architects and TEN X TEN Studio , the building’s mass is broken up into into a few different areas. Anchoring the corner of Nicollet and S 3rd Street would be the tallest part of the project which would stand 20 stories and be almost entirely clad in glass. The building would then step back from the road as it approaches S Marquette Avenue with the glass façade transitioning into a mix of brick, metal and glass. As the building approaches 365 Nicollet on its back side it steps down to 5 stories allowing for the 6th floor amenity deck above.

Plans for 301 Nicollet can be found here.

Opus will present their proposal for feedback to the Minneapolis Planning Commission Committee of the Whole next Thursday, June 27th, at 4:30 pm.

 

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.

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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 porte cochere located off of Hennepin Avenue. This area will serve as the main entrance to the building.

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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 porte cochere 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.

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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.

 


NEW DETAILS ON PLANNED DOWNTOWN EAST TOWER

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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.

 

DORAN'S 30-STORY TOWER IS OUT AND TWO SIX-STORY BUILDINGS ARE IN

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A mixed-use project planned within the St. Anthony Falls Historic District has seen a large design revision and that includes the removal of a 30-story tower.

Last month Doran Companies presented plans to the Heritage Preservation Commission for a large mixed-use development planned for the corner of University Avenue S and 3rd Avenue SE. Over 700 residential units would have been constructed within one six-story building and also a 30-story tower.

After concerns were raised by the HPC over the 30-story tower and the amount of materials used within the project Doran decided to revise the overall development.

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NEW PLANS

The revised plans now include two six-story buildings that would be located on the East and West sides of the site. 568 residential units would be constructed within the two buildings with the West building also including 4,300 square feet of retail space. Other revisions to the plans include changes to exterior materials and building massing in some areas.

The sizes of the apartments within both buildings would include studios, one-bedroom, two-bedroom and three-bedroom units with almost all featuring a private outdoor space of some sort.

Residents would have access to two massive outdoor amenity decks (one within each building) that would include pools, outdoor grilling spaces, lounge space, a pebble beach, and more. Amenities within each of the buildings would also be expansive including multiple fitness centers, game rooms, a golf simulator, a spa and more. Really, you’ve got to check the plans so you can see all that is planned.

Underground parking would be provided within each of the buildings.

CHANGE AT A COST

Doran has made it very clear that the feedback provided on their first proposal was different than the direction previously given to the developer. A few months ago, Doran presented three massing proposals for the site and asked for feedback on which massing proposal to move forward with. The direction given at the time was to move forward with massing for six story structures and one larger tower component.

With the new plans including nearly 200 units less Doran needed to increase the density of the units on site in order to support concrete construction costs. This required the removal of a planned affordable housing building that would have been located on the East side of the site. The developer had already been working with CommonBond Communities and has since then had to discontinue their partnership.

Doran’s revised plans will be discussed at the Heritage Preservation Commission’s March 5th meeting.

 

40 story condo tower planned for NorthEast

Rendering of the ground floor of the new tower | ESG Architects

On the shores of the Mississippi River, well, almost on the shores of the Mississippi, a new 40 story residential building will begin to rise come this fall. 

Developer Bob Lux, found of Alatus, confirmed Tuesday that after months of speculations of what his new project at the former Washburn McReavy site would include that it will in fact house condos. 

Located at 200 Central Avenue, the 40 story tall project (essentially the height of The Carlyle across the bridge) will include 207 new condominium units. The ground floor will feature building amenities along with a new restaurant by Ryan Burnet.  

Image of the exterior of the tower | ESG Architects

Construction on the project will begin in the fall with completion expected in late fall 2017 or early 2018. Prices for units in the building will begin at $300,000 and go up to several million dollars for top floor units (which we might add have the ability to have outdoor swimming pools). Sotheby's is handeling the selling of the units which will be offered in both a modern and traditional style. The big draw will be the floor to ceiling windows with gorgeous view of Downtown Minneapolis. 

A certain number of pre-sold units will not be required for construction to begin. It's a sign that developers believe the market for condominium units is strong.  

And there's a lot of truth to that thought. Lux's development will only be the third condo development since the recession in 2008.  Recently a few other proposals have been put forth such as a new condo development in Uptown by Graves Hospitality and also Jim Stanton's The Portland Tower in Downtown Minneapolis.

PROJECT UPDATE: Wells Fargo Towers

The new Wells Fargo Towers, the focal pieces of the new Downtown East redevelopment, have officially been topped out (look for the tree on top of the building on the left in one of the photos below). The twin 18 story structures are scheduled to be completed for January 1st, 2016.

With the physical bones of the structures in place the facade work has begun stretching towards the skies. Ryan Companies has also begun work on prepping the two blocks that will become home to "The Commons", the two block park that will be the centerpiece of Downtown East. You can see the recently released renderings for that project here

Below we've included a number of photos showing the current construction status of the Wells Fargo Towers. 

New hi-rise condo development planned for the Mill District

Developer Jim Stanton has another project in the works according to Sam Black of the MSPBJ. It was reported that plans are now officially in the works for a 15 story condo development that could include up to 400 hundred units and even possibly reach higher than 15 stories. 

The site for the development is in the process of being acquired by Shamrock Development Inc  which is owned by Jim Stanton and will be responsible for the project. They are not new players by any means to developing condos within the city of Minneapolis.

Last year Shamrock Development completed the neighboring StoneBridge Lofts condo project which is almost entirely sold out just a year after construction finished. Shamrock Development also will begin construction within the next few weeks on a 17 story condominium project called "The Portland" (check out the PROJECT PAGE here) in Downtown West and also has plans for a 20 story two phase project on Hennepin Avenue next to the Nicollet Hotel block.

Currently the site at 121 12th Avenue South is home to Riversource Life Insurance Co. That site will be purchased for $8 million and the building will be demolished in order to make way for the new project. The project would be constructed in two phases if all is approved and has the potential to reach even higher than 15 stories in height. It makes sense that the development would occur in phases when you figure out it is over three times the size of the Shamrock Development's StoneBridge Lofts condo project next door. 

Depending on when plans are submitted and ultimately approved by the city, construction could begin as soon as Fall 2015 with an occupancy as early as Fall 2016.

 



The Opus Group plans 32 story tower on Ritz Block

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News of another hi-rise tower broke today (thanks to Sam Black at the MSPBJ) this time planned for a site at 315 Nicollet Mall in Downtown East across the street from the Minneapolis Central Public Library.

We're not sure what to really begin identifying this particular five block area as but we're going to have to come up with a name pretty soon. Currently there are at least five hi-rise buildings either in construction or planned for the area and that's in addition to the almost 1,000 units that have been added to the surrounding blocks in recent years. It's a hot area development wise.

The Opus Group gave the public their first glimpse a new 32 story residential building planned for a portion of the Ritz Block in Downtown Minneapolis. The site currently is home to 2.5 acres of parking lot which sadly isn't a surprise if you're a person familiar with the area. So in advance, a huge thank you goes out to The Opus Group.

Phase one of the project will include a 32 story tower including 364 apartment units along with up to 12,000 square feet (the size of a small Walgreens) of street level retail. 430 parking spaces would also be included within the building which is one of the highest amounts of parking for any newly developed building in Downtown Minneapolis in quite a number of years.

The building's design is some what reminiscent of the design of The Nic on Fifth which is a mere block away and was also developed by Opus. Similar features include an amenity deck on top of a parking garage podium along with a balcony rich exterior. The deck amenity for the Ritz block looks to include an outdoor pool, dog walking area, grill stations and fire pits, among other features. All those features were also included with The Nic on Fifth, 

Opus Group has been working on plans for the site for over a year now originally proposing a 30 story building with office components for the site. The project was designed by Opus AE Group Inc and construction is set to begin before the end of the year with a projected opening in 2017.

Site Plan for the proposed development occurring on the Ritz Block | City of Minneapolis

But wait, there's more.

This is the FIRST phase of a planned two phase project for the Ritz block. The second phase which is still in the design phase will potentially include another tower that is almost identical to the one in the first phase which would also include an additional 364 units of housing. The other possibility is for a 20 story tower that would include 365,606 square feet of office space.

Which of the two plans currently presented will be chosen will ultimately be dependent on what the market calls for by the time of development.

This development will help in the fight to erase the sea of public parking lots from Downtown Minneapolis which we like to classify as an epidemic. We here at The Development Tracker | Minneapolis couldn't be more excited about this proposal and wish The Opus Group the best of luck as their project moves through the city processes.

 

45 story tower in design phase for TCF Bank site

There's another project that has entered the design phase and could soon be gracing the skyline of Minneapolis. Oh and we should mention that this time around it's one of the biggest yet.

Above: TCF Bank's downtown Minneapolis headquarters | Franklin Street Properties

Sam Black of the Minneapolis/St. Paul Business Journal reported last week on the plans that Franklin Street Properties is in discussions about for part of the site where TCF Bank currently has their downtown Minneapolis headquarters located. It's been clear for over a year now that redevelopment plans were in store for the sight however those development plans remained unknown.

Franklin Street Properties is now including in one of its potential designs a tower of 45 stories. That tower would include a 4 star hotel in the base, about 200,000 square feet of office space in the middle and topping the structure out would be about 150-200 residential units. It would be quite the structure and quite the gain for the core of downtown Minneapolis. Another proposal currently being evaluated by Franklin Street Properties is one that would include strictly just office space of about 200,000 square feet.

At the current moment it seems as if the larger proposal is most likely to be the one to move forward in the design phase. Franklin Street Properties is already in discussions with a tenant that would take about 100,000 square feet of the office space, hotel operators are also interested in 250-300 rooms along with multiple residential developers who are interested in the residential aspect of the project. 

TCF Bank will vacate the corner space in 2016. It is unclear when redevelopment of the project exactly will begin but it is likely to be soon after.

 

18 story tower proposed for 10th and Marquette

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.

City of Minneapolis

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!


Our View

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.