Posts tagged CPM Development
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. 

Apartments planned for Uptown site

More housing is on the drawing boards for Uptown.

The site of Cheapo Records is scheduled to be purchased by CPM Cos. in the fall in order to make way for a six story residential building that would feature apartments along with retail and office space.

20,000 square feet of retail space is planned for the ground floor (likely to house a restaurant among other retail tenants) and 5,000 square feet of office space is planned for the second level. At the moment the exact number of apartment units planned for the project has yet to be disclosed. 

And for all those who love Cheapo there is no need to worry about them disappearing. Currently they're currently looking for a new location within the neighborhood to move to once their lease expires in August. 

ESG Architects

ESG Architects

Above: Cheapo's Uptown location. The Walkway luxury apartments are located directly behind the site.

The project would be directly next to The Walkway, a 92 unit luxury (and when we say luxury we mean LUXURY) apartment building that opened last year. It also would be blocks away from the new condominium project announced last week by Graves Hospitality.

ESG Architects is behind the design of the project. It features what appears to be a gold, grey, and white color scheme. At the each corner there are seven story "end caps" that feature large balconies. It appears that almost all the units in the building would have a balcony.

If all goes according to plan CPM hopes to close on the site in the fall and have construction underway by February 2016.

 
140 room hotel planned for Essex and Huron

Plans have surfaced showing more details for the hotel project planned for the corner of Essex Street and Huron Boulevard near the University of Minnesota campus. The project will be developed by CPM Development and could begin construction as soon as next month.

The design features a 5 story hotel standing 63 feet tall to be developed on an irregularly shaped site. Underground parking along with surface parking would provide space for 83 vehicles with entry of Huron Blvd. 140 rooms will be included in the project with the first floor including a 3,500 square foot restaurant and also a pool. The second floor would be devoted to meeting space and banquet facilities and along with a covered patio. 

Above: View from Huron Blvd SE (DJR Architecture / CPM Development)

Originally CPM Development planned to construct a 123 room hotel on the southwest corner of the road on a site that had been home to a few homes that were the property of CPM. Those homes were demolished last fall and the site sat primed for construction for what many believed would start this Spring. However, plans changed as they often do in the world of construction. 

A deal changer came into play a few months ago when the University of Minnesota purchased the site from CPM in order to have space for future development. CPM still intended to develop a hotel in the area and was able to quickly find a space for the hotel project and purchased a site directly across the street from the former project. The site currently houses the EverFresh Food Corporation which will move and the building will be demolished.

The overall design of the project is an immense improvement from the first planned hotel. The lobby will located off of Huron Boulevard while outdoor seating for the restaurant and a pocket park will be located at the corner of Essex and Huron. The building had a bit of a challenge when it came to the design process as the site is quite irregular. The design ended up being heavily influenced by pedestrian areas.

Above: Aerial view from Essex Street (DJR Architecture / CPM Development)

Above: View from Huron Blvd SE (DJR Architecture / CPM Development)

Exterior renderings provided by DJR Architecture show a modern design that includes a large use of glass facing the street. The exterior of the building will include dark grey brick, stucco, and metal paneling. 

CPM Development's project will go before the city planning commission on May 11th.  A PROJECT PAGE featuring floor plans and more renderings will be available soon.