Posts in Condos
800 WASHINGTON PROPOSAL GROWS IN SIZE
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AECOM’s proposal for a vacant site at 800 Washington Avenue S has grown in size.

Plans were revealed last year for a block long eight-story mixed-use building with a skinny rectangular footprint that would include retail, office and residential space. Since then the proposal has been revised and the building has grown in height from nine stories to 14.

In total the project would include 9,870 square feet of retail space, 18,540 square feet of office space and 127 condominium units. The retail space would all be located on the ground floor and at the moment is divided into seven different spaces with one being intended to be used as a restaurant. The office space would be located on level three and would be home to the American Academy of Neurology. The space would be directly connected to their headquarters next door via a private skyway on the same level.

Levels four through 14 would include the residential units which would be a mix of studio, one bedroom, two-bedroom and three-bedroom condominiums. Levels 13 and 14 would also include a number of penthouse units. Parking for 109 vehicles is planned for three underground levels.

Amenities within 800 Washington would include a spacious lobby, mail room, bike room, outdoor lounge and outdoor dog run on the ground floor. On the second floor a large clubroom, a mezzanine lounge and a massive fitness center are planned.

Now let’s talk about the gardens.

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AECOM has worked hard to make sure that their proposal is not just another mixed-use building. The building sports a unique design with cantilevering floor-plates, unique window alignments and even more uniquely multiple large garden spaces spread throughout the project.

Level three, the private office space, would feature an inset pocket garden for private use by the AAN. The sixth floor of the building would include a roof garden and a separate pocket garden. Level eight would include another outdoor garden space with this one being designated as a “winter garden.” Level 11 and 12 would both feature a single pocket garden with level 14 including another pocket garden along with a roof garden. Not shown on the floorplans but shown in the elevations is the potential for a rooftop farm also.

So, if you were counting that’s one winter garden, five pocket gardens, two roof gardens and maybe one roof top farm. Now that’s a lot of gardens.  

In designing the project Dwyer Oglesbay Architects worked hard to create a development that would provide a way of living that improves the lives of not only the residents who occupy the building, but also the surrounding neighborhood.

800 Washington will promote environmental, public and personal health through a number of ways. As mentioned above, pocket gardens have been included throughout the project that when complete will actually add more green space to the site than what was originally there before a building was constructed. Another interesting aspect besides the unique shape of the building is the use of smog filtering concrete on the exterior. The use of that specialized concrete will help 800 Washington reach their goal to “improve activity, physical and metal health and long-term durability” for the building and the surrounding area.

The team working on 800 Washington includes visioneer and developer Sandra Rieger & Co, Development Manager AECOM, Contractor Knutson Construction along with architectural firm D/O Architects.

Plans for 800 Washington can be found here.

Work on the project is expected to begin in Spring 2020 with an anticipated completion in late 2021.

 

MEET SABLE. THE NORTH LOOP'S NEWEST AND MOST UNIQUE CONDO PROJECT.

A brand-new residential project under construction in the North Loop has made the switch from apartments to condos.

Yes, you did in fact read that correctly. There are condos available in the North Loop.

Sable is a nine-story residential building currently under construction at 728 North Third Street. The project is being developed by United Properties and Greco and is a part of United Properties larger development, The Nordic.

When Sable opens next month (June 2019) there will be 57 condo units located within the building, 70% of which have already been reserved.

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A DIFFERENT TYPE OF CONDO

Sable is different than other condo properties not just because it’s an absolutely stunning building (shout out to BKV Group for their design work), but also because of the types of condos the building includes.

What makes these units so different? The condo units at Sable are geared towards buyers who have the option to use them for short-term rentals in addition to living there.

What does that actually mean? While you’d own the condo, you’d have the ability to decide to call the place home or to rent it out. That’s something that typically other condo properties don’t offer which makes buying a condo such a commitment. At Sable you can not only have a stunning place to live and own but you also have a chance to make an income.

When it comes to renting out your unit, owners at Sable will be able to do so on platforms like Airbnb and VRBO. MINNeSTAY, a Minnesota based company that manages vacation properties, will manage Sable once complete.

SO, WHY THE SWITCH? 

When Sable was announced by United Properties and Greco last year the building was planned to include 57 luxury apartment units. Just recently the co-developers decided to make a somewhat major change, switching the units from apartments to condos.

What prompted the change? The slight softening of the rental market.

There are a ton of apartments coming online (we’re talking thousands) not only this year but over the next few years. What are there far less of coming online? Condos. While there are a few condo projects in the works such as Alia and ELEVEN (those two projects ALONE will bring nearly 700 new condos to the city), the city is seeing mostly, if not almost entirely, apartments being built. 

The North Loop, one of the city’s most trendiest and affluent neighborhoods, isn’t any exception to the apartment trend. In the last few years a number of apartment buildings have been constructed in the area including Variant, The Paxon, Third North and more. The problem with that is that there are many individuals who live in the North Loop would truly rather own than rent if possible.

With that being said, while evaluating what the future might include for Sable United Properties and Greco decided that it would make more sense for them to sell the units they were developing rather than renting them.

BUILDING DETAILS

Units within Sable will range in price from $250,000 to $975,000.

The lower end of that price spectrum will get you a studio or alcove with around 450 or more square feet of space. One-bedroom units with around 650 square feet of space will be available from the upper $300,000s. The largest units within the building will go for the upper end of the price spectrum. Those units include a two level one-bedroom penthouse along with a large two-bedroom, two and a half bath penthouse that includes a large living room, gourmet kitchen, a private outdoor balcony and absolutely stunning views of the skyline. You can view the 11 different unit layout options at Sable here.

Amenities for those who decide to call Sable home will include a ground floor private member’s lounge and a fitness center. The building will also have a large outdoor rooftop area that will include fireplaces, an outdoor kitchen area, lounge areas and of course those stunning views of Downtown Minneapolis. 

Last but not least, when it comes to parking at Sable it couldn’t get more convenient. Being some of the units within the building wrap around the adjacent parking garage some owners will actually be able to park on the same floor of their unit. That makes unloading that car filled with groceries a whole lot easier.

HOW TO SECURE A UNIT AT SABLE?

With all this conversation on this amazing condo opportunity within the North Loop you’re probably wondering how in the world you can secure one of the units at Sable.

As we mentioned above, there are 57 units in total within the project and nearly 70 percent of them have already been reserved. But that’s not 100%, is it?

So, here’s how you can get your hands on a unit at Sable.

First, visit their website here to learn more. Then, contact Joe Grunnet of Downtown Resource Group (DRG) who is responsible for selling the units at Sable. He’s there to answer any and all of the questions you might have about securing one of the truly unique condos at Sable.

Sable is located at 728 North Third Street in the North Loop neighborhood. The project team includes United Properties, Greco, BKV Group, DRG, MINNeStay, RJM Construction, LHB and Gassen.

 

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.

 


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.