Posts tagged Ryan Companies
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.

 

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.

 

39 STORY MILL DISTRICT CONDO TOWER PLANNED BY WORLD-RENOWNED ARCHITECTURAL FIRM
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Minneapolis. We're not screaming with excitement, you're screaming with excitement.

Meet Eleven, an ambitious and arguably iconic 39 story residential tower designed by world-renowned architectural firm, Robert A.M. Stern Architects (RAMSA).

Planned for a site that is currently a surface parking lot on West River Parkway within the Mill District, the building would be one of the largest and most expensive residential projects to be constructed in Minneapolis post recession.

Local Twin Cities developer Luigi Bernardi has partnered with Ryan Companies to develop the project.

THE DESIGN

Designed in an Art Deco style, the 39 story tower would site atop of a low rise podium that would house parking, rentable guest suites and office space.

The 101 unit tower itself would feature no more than five residential units per floor with the smallest being 1,600 square feet in size. In addition, the tower residences would only feature two bedroom and larger units, something of a rarity within the Minneapolis condo market.

It takes quite a bit of work to design not only a building, but one that can be iconic and more importantly, age well. That's just what RAMSA did.

In the last couple of years, Paul Whalen, a lead design architect and partner at RAMSA, spent quite a bit of time in Minneapolis in order to understand the city and it's architecture. In crafting the design for Eleven, he drew inspiration, scale and details from other buildings found within Minneapolis' historic and notable neighborhoods such as the Mill District and North Loop. Paul's responsible for a number of other iconic RAMSA buildings within the world such as 15 Central Park West in NYC and One St. Thomas Street in Toronto.

This would be the RAMSA's first project in the Upper Midwest and their third project within the Midwest overall. Their latest project in Chicago is called One Bennett Park. Currently under construction, once completed the 69 story striking residential tower will feature 400 apartments and 100 condominium units.

MINNEAPOLIS' NEW CONDO INVENTORY

While Eleven is the newest condo project to emerge on the Minneapolis housing scene, it isn't the only one planned around the banks of the Mississippi River. 

The Legacy, a 374 unit condominium project that reaches 17 stories at its highest point, is in fact under construction as we write directly behind the proposed site for Eleven on the River. That project, which will be complete in Fall 2018, has already sold over a quarter of their units.

In addition, there is a 40 story condo tower called "200 Central" that currently is being planned by developer Alatus on the Northeast side of the river. The site has been cleared for the project but a few legal battles from concerned neighbors had postponed the construction start. With those matters being addressed Alatus plans to begin construction later this year.

Now, don't let the setbacks of that last project concern you when it comes to Eleven on the River as this project is planned in a completely different area with completely different zoning requirements. Therefore it is very unlikely to hit any major snags in the development process.

COULD THIS PROJECT BE A REINCARNATION? 

Some might say that Eleven is a direct response to another of Ryan Companies previous planned condo projects. The plan, for two art deco towers (not designed by the same firm) ranging in height from 22 to 26 stories, proposed for a site in Edina adjacent to Southdale Center. Ultimately, that project was not approved by the City of Edina due to height concerns (keep in mind there is a 18 story Westin pretty much across the street). At that point Ryan Companies told city officials they would take their plan elsewhere, likely combining those two planned buildings into one single structure. Could this be a new form of the project? Potentially.

But let's be honest, if it is a reincarnation of that project then this is Minneapolis' gain and Edina's loss. If it isn't, well, you go Minneapolis' for landing this one. It's about time another world-renowned architect puts their stamp on Minneapolis and we couldn't be more excited for it to be Robert A.M. Stern and his firm.

We'll keep you updated on this exciting project once it begins to go through the City of Minneapolis' planning review. Interested in a unit? Visit www.elevenontheriver.com

 
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.