BKV Group

200 APARTMENTS PLANNED FOR NORTH LOOP'S DUFFEY PAPER BUILDINGS

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A Chicago developer has some big plans in store for the C.J. Duffey Paper buildings in the North Loop. 

Cedar Street Companies is planning a restoration of the six-story Minneapolis Iron Store Building (528 N. Washington Avenue), the Minneapolis Iron Store Warehouse (520 N. Washington Avenue) and the Lindsay Brothers Warehouse (508 N. Washington Avenue).

When complete the three buildings will contain 200 market-rate apartments and 19,000 square feet of ground floor retail space. According to the plans the project will be called “The Duffey Lofts.”

The residential units within the buildings will include studio, one-bedroom, two-bedroom and three-bedroom layouts. At the moment 147 (74%) of the units will be studios, 47 (23%) will be one-bedroom units and just 3 (1.5%) of each of the two and three-bedroom units will be included. The final shake out of those unit numbers could change as the design/planning of the project is further completed.

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Residents would have access to multiple amenities on one underground level, one at grade level, level four and level seven (we’ll get to that in a second). One unique amenity space that would be found within The Duffey Lofts would be the 4,116 square foot crane room which features a completely intact large overhead industrial crane.

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When it comes the mentioned seventh floor that’s something that the developers are proposing to construct on top of the Minneapolis Iron Store building. That floor would be home to an outdoor lawn and lounge space, a clubroom and residential units that each would have their own private outdoor space. 

84 parking stalls would be included within the project that would be located both indoors and outdoors. Space for parking would be found indoors on one underground level and one at grade level along with an exterior surface parking lot.

THE DESIGN

Construction was completed in 1916 on the Minneapolis Iron Store buildings and the Lindsay Brothers Warehouse. All three buildings are listed on the National Register of Historic Places which means the developers and architects needed to pay particular attention to the past when designing The Duffy Lofts. 

While the exteriors would be restored to look as close as possible to their original design, the developers would also rebuild a large sign that adorned the top of the roof of the Minneapolis Iron Store Building in the past. The sign, which would face downtown, likely would say “Iron Store” as that is what is most likely said in the past. It also looks like the developers are proposing another sign in the same fashion along Washington Avenue that will say “The Duffey Lofts.”

As mentioned earlier, the developers are also planning to add a rooftop to the Minneapolis Iron Store building. Being this new structure would be an addition to the historic structure they wanted to ensure it was out of sight from the streetscape. Plans for the rooftop have it slightly set back from the Washington Avenue façade in order to protect the historic look of the building.

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THE PREVIOUS PROPOSAL

Now, if you remember back to late last year another developer had a proposal for these same buildings.

Dominium, that nation’s second largest affordable housing developer, was planning on converting all three structures and building a fourth structure that in total would have included 210 units of affordable housing. However, after Dominium and the City of Minneapolis were unable to come to terms on the long-term affordability of the units the developers cancelled the project.

Dominium worked with BKV Group to design their proposal and so has Cedar Street Companies which is why the overall exterior design for the project hasn’t changed much. 

One major thing that was missing from Dominium’s proposal that is included in Cedar Street Companies proposal is ground floor retail space. Many felt that ground floor retail space was a requirement for the redevelopment of these buildings as they not only cover almost an entire city block, but they are also located in the heart of the North Loop’s retail and restaurant scene.

There is one other difference when it comes to Dominium’s plans and Cedar Street Companies plans. Dominium was proposing to construct a seven-story residential building on what today is a surface parking lot to the right of the existing buildings. Cedar Street Companies is proposing to keep that surface parking lot and is planning for it to include 31 parking spaces. As a part of keeping the surface parking lot the developers would completely repave the lot, add a vegetated planting buffer and also a low decorative fence in order to help separate the lot from the active streetscape.

Last but not least, when it comes to the insides of the buildings we could go on and on about the differences between Dominium’s plans and Cedar Street Companies. However, the plans are pretty complex and as much as we’d love to include 100 pictures within this post and twenty more paragraphs of text, we are instead just going to link the current plans here.

NEXT STEPS

Cedar Street Companies plans for the Duffey Paper buildings have already been presented to the Minneapolis Planning Commission Committee of the Whole. Updated plans in regards to the feedback will be presented to the Minneapolis Planning Commission for approval in the coming weeks.

We’ll be sure to post more about this project and any updates that are going to be made to the plans right here on our website.

 

 

 

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.

 

17 STORY MIXED-USE PROJECT PLANNED FOR WASHINGTON AVE

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The construction boom on Washington Avenue in Downtown Minneapolis just keeps on going, and going, and going...but who's complaining? #notus

Today plan's were announced for a 17 story mixed-use project on what is currently a surface parking lot at 240 Park Avenue. The site has been owned by the Wilf family, also the owner's of the Viking's, since 2007. The Wilf family's company, Garden Communities, will be the developer for the project.

THE DESIGN

BKV Group is responsible for the design of the new building. The L shaped building will include 17 stories broken down into 6 stories of parking and 11 stories of housing with those upper floors will containing 201 market rate apartments. In addition, there will also be 5,000 square feet of retail space on the ground floor fronting Washington Avenue.

The exterior of the project will be clad in brick with metal panel accents. The design was influenced by the neighborhood and the materials used on many of the historic buildings surrounding the site. What will be unique is the coloring of 240 Park's brick, it'll stray from the standard red brick which is commonly associated with historic structures and instead will be off-white with accents of grey brick.

ABOUT THE DEVELOPER

Garden Communities has developed similar projects across the country. Their projects are often designed with long-term tenants in mind and are known to include larger than average units along with unique amenities such as bowling allies and movie theaters. 

While exact details about what will be included in 240 Park have yet to be revealed it has been stated that there will be amenity deck on the 6th floor along with another amenity space on the 17th floor.

240 Park will go before the Downtown Minneapolis Neighborhood Association land use committee on Aug. 6 and will be presented to the city later this year. Developers hope to break ground next in Spring 2019 with a completion set for 2021.

 

800 Washington Avenue draws proposals from three developers

The proposals are in... meaning it is time to report.

The city of Minneapolis has officially closed the option for developers to submit their plans for the development of 800 Washington Avenue. The site is owned by the city of Minneapolis and sits directly next to The American Academy of Neurology and the Aloft Hotel. Three developers stepped forward with each submitting plans for a hotel development. 

We would love you input on what design you think is the best being this is a competition afterall. At the bottom of this article is a poll in which you can submit your input.


MORTENSON CONSTRUCTION

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Mortenson Construction has submitted plans for a nine story structure that would feature a 188-room Hyatt Centric hotel.

The building would include a restaurant on the ground floor along with additional retail space, hotel rooms on floors two through eight, and what appears to be banquet space / office space on the ninth level. The building would also have outdoor patio space on multiple levels.

Within the project there will be about 15,000 square feet of office space that would be used by the The American Academy of Neurology. Currently the professional society has their 63,000 square foot, $20 million (absolutely stunning) headquarters next door which opened in 2012. There is another option for an an additional 15,000 square feet of office or banquet space within the building that the The American Academy of Neurology would be able use if the need arises.

ESG Architects is the designer behind the Mortenson Construction development. They currently are probably one of the most prominent architectural firms within Minneapolis area regarding new construction projects. We guarantee you probably driven past at least two of their projects within the last day.

The restaurant component would be spearhead by a Dallas company called Culinare. They're no strangers to the area, let alone the neighborhood, as they are responsible for Sea Change, the restaurant at the neighboring Guthrie Theater. Shea Inc would be responsible for the design of the restaurant.

Marcus Hotels and Resorts would operate the Hyatt Centric hotel. The brand has yet to enter the Minnesota market as it is less than a year old. The company recently opened two locations in April, one in The Loop in Chicago and also one in South Beach Miami. 15 additional locations will open this summer in cities such as New York, Paris, and Atlanta.

Hyatt Centric was created in order to appeal to the Modern Explorers of the world and is meant to be truly be more than just a hotel. "At Hyatt Centric, you'll find everything that you you need as you prepare for a business meeting, take in the local sites, or take advantage of a last-minute long weekend" their website says.

Visit their website here in order to learn more about this exciting hotel concept.


SHERMAN ASSOCIATES

As we discussed earlier in the week Sherman Associates is also proposing a nine story hotel that would feature 140 rooms. While Sherman Associates has yet to divuldge full details regarding the project it can be seen from their latest rendering that the project would take on a very modern design approach.

A 25,000 square foot, two level, Pinstripes is proposed for the building and would be located on the ground and second floor. Pinstripes is a entertainment venue that features a bistro with Italian/American food, a bowling alley, bocce ball, and of course a bar. 

Kimpton Hotels is the hospitality partner that Sherman Associates is working with for the project. Currently there is only a single Kimpton Hotel in the state and that is The Grand Hotel on Second Street in Downtown Minneapolis. Years back a Kimpton Hotel was floated for the Mall of America however we all know that that project ended up being the Radisson Blu.

Kimpton Hotels was established back in 1981 by Bill Kimpton. Today it is the largest chain of boutique hotels in the United States. While many of the company's hotel are independently branded there are also two "branded" chain hotels called the Hotel Monaco and the Hotel Palomar. If one were to appear within Sherman Associates development is most likely would be the Hotel Monaco brand.

Most Kimpton Hotels are branded individually meaning it is not simply called a "Kimpton". Details on what type of hotel or what the potential name could be likely would not be established until the city of Minneapolis recommends a project to move forward in late Summer.

Within Sherman Associate's development there also is around 20,000 square feet of space for them to move their company headquarters from across the street at the Old Spaghetti Factory building.

Sherman Associates also will begin work soon on their Thresher Square restoration which will be converted into a new hotel. Sherman Associates will also construction a new seven story mixed use building with 175 apartments and 30,000 square feet of retail (which is rumored to include a Trader Joe's).


SATURDAY PROPERTIES LLC

Brent Rogers and his company Saturday Properties LLC is proposing another hotel in a six story building. The hotel would feature 166 rooms and would be branded as an Element by Westin. 10,500 square feet of retail space would be located on the first floor with at least one restaurant located within that space.

Designed by BKV Group, another architecture firm that Minneapolis can pride themselves on, the building features a very modern design that reminds us of the new residential project proposed over on 10th and Marquette.

The overall project would not stick out as much as the other projects proposed as the height of the building would be comparable to The American Academy of Neurology and the Aloft Hotel located on each side.

Element by Westin was launched in 2006 by Starwood Hotels and Resorts is a styled as an extended stay hotel. The brand is is the first hotel of the Starwood Brand that is intended to be environmentally friendly. This means that the hotels are built eco-friendly from the ground up including many recycled materials along with using energy efficient lighting and plumbing fixtures. 

Above: Elements by Westin standard suite (Elements by Westin)

 

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.

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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.