Minneapolis: Downtown Projects

[Twin Citian]

Downtown Minneapolis development thread. 

 

Under Construction

Loring Park Apartments

$100+ million

36 stories

354 units

 

 

Nic on Fifth Apartments

$100+ million

26 stories

253 units

 

 

Soo Line Building Apartment Conversion

19 stories

254 units

adjacent to the Hiawatha Light Rail Transit line

 

 

Stonebridge Lofts

12 stories

169 units

 

 

City Place Lofts Restoration

Built in the 1920s

$9.5 Million

55 units

Remodeled classrooms and amenities for the International Education Center

 

LoringVue Apartments

$30 Million

7 stories

119 Units

 

815 2nd Street Apartments

6 stories

137 units

 

 

Mill City Quarter

$20 Million

Phase 1

6 stories

130 - 150 units

Ground floor retail first floor retail, likely a pharmacy or grocery store,

 

Phase 2

125 units

 

Third North

$38 million

6 stories

204 units

 

Whole Foods and 222 Apartments

$70 million

6 stories

Whole Foods Grocery Store

280 units

 

ElseWarehouseApartment Conversion

$30 million

6 stories

116 units

20,000 square feet of commercial space

 

Brunsfield Place

6 stories

50 units

 

Dock Street Apartments

5 stories

185 units

 

Emanuel Housing

$18 million

5 stories

101 units

 

430 Oak Grove Apartments (conversion)

4 stories

78 units

 

 

Orchestra Hall Renovation & Expansion

 $50 million renovation

 

 

 

 

Construction to Start Soon

 

Vikings Stadium

$975 million

 

Architect: HKS, Inc.

A multi-purpose facility that will be open year-round to host events such as, but not limited to, NCAA Final Fours, trade shows and conventions, high school and college sporting events, cultural celebrations and other entertainment events.

 

Vikings will play one season at TCF Bank Stadium 

 

Will be 70% larger than the Metrodome

 

Construction is expected to start in the fourth quarter of 2013

Proposals

 

 

 

 

Target Center Rehab

$100 million

Anticipated Date spring 2013

 

Xcel Energy HQs

$50 - $60 million

Nine stories

 

Junction Flats

6 stories

182 Units

 

Cerasota Apartments (conversion)

built in 1908

117 units

 

 

Velo Apartments

6 stories

101 units

a bicycle-inspired boutique luxury apartment

 

 

Proposed

 

350 North Fifth

20 stories

Office

Proposed

Adjacent to Target Field and bordered by N. 5th Street, 3rd Avenue N., Washington Avenue, the Northstar Rail Line and the Cedar Lake Trail,

 

324 First Street North Apartments

$30 million

5 stories

125 units

 

1,000 Room Convention Center Hotel

 

Handicraft Guild Building Apartments

10 stories

100 units

 

Gateway Park

would stretch from 5th Street to the Mississippi

 

North Loop Park

park site somewhere within the area bordered by 5th Avenue, 10th Avenue, Washington and 4th Street North

 

Ryan Development (Former StarTribune Land)

* Ryan Companies is negotiating to buy 4 blocks owned by the MPLS StarTribune.

* Wells Fargo is in talks with Ryan for new, 1 million+ square foot of office tower or campus to consolidate downtown employees.

* Other employees will remain at the Wells Fargo Tower (which would remain as the regional HQ)

* Residential/commercial mix possible

 

 

Minneapolis Armory (Former Home of the Lakers)

$16 million renovation,

Would likely include a new second level inside

[Twin Citian]

Update on the Ryan proposal:

 

Ryan is looking to build 460 apartments and 1 million sq feet of office space.  

http://www.startribune.com/local/minneapolis/186410151.html?refer=y

[Twin Citian]

Cranes are finally up for downtown's newest towers.

 

Loring Park Apartments

Tower crane is now up!!

photo: Matt @ urbanmsp.com

Nic on Fifth
 

photo: http://tomabouttown.wordpress.com

 

 

 

[Twin Citian]

Updates:

 

New boutique condo project proposed for downtown's North Loop neighborhood.

 

A condo project has been proposed downtown for the first time since before the recession.  The Downtown Resource Group has plans to convert the vacant Western Container building into 20 to 24 condo units.  One floor will be added to the four-story building, which was built in 1908.  

 

Local business newspaper, Finance & Commerce states there are currently 862 apartments under construction in the North Loop 

neighborhood and another 545 are proposed.

 

 

 

Here is a panorama of the downtown's Loring Apartments (36-stories) construction site.

Photo: minneapolisguy:

 

Here is a rendering of Brunsfield Place

[Twin Citian]

Vikings stadium news:

 

Mortenson Construction, a Minneapolis company, has been chosen as construction manager for the new, $975 million Vikings stadium.

 

If the stadium isn't finished in time for the 2016 season, the company will face a fine of $5 million for every game the Vikings have to play elsewhere.  The Vikings will be playing at the TCF Bank Stadium for the 2014 and 2015 season.

 

Note: Mortenson was also chosen to construct Target Center, Xcel Energy Center, TCF Bank Stadium, and Target Field.

 

Other downtown Minneapolis-related news:

 

Collin Barr, President of Ryan Construction - NorthCentral Region, recently stated downtown Minneapolis will see four new office towers announced within the next 12-18 months.  I'm speculating one will be the Hines proposal, two will be the Wells Fargo development, and one will be one of the other long-rumored towers.  If the new 1,000 room hotel comes to fruition, and the apartment and now condos continue to become reality, downtown Minneapolis will be experiencing quite the boom for the next several years.

[Twin Citian]

Update:

Junction Flats

Dallas-based Trammell Crow Co. recently closed on the site for its proposed Junction Flats project.  The site is just west of Target Field and will be about 200 feet from a proposed multi-modal transportation hub.  Construction is to start in April and is expected to be completed in 2014.

 

Junction Flats is located in the background (left).  

[Twin Citian]

Another proposal announced today.

 

Plymouth Building - Apartment Conversion

12 stories

Built in 1910

252 units

 

The Plymouth Building is currently a Class B office building located one block from the The Nic on Fifth apartment tower, which recently broke ground and a block from the Hiawatha light rail line.

 

The project will be presented to the Downtown Minneapolis Neighborhood Association on March 12th.

 

[Twin Citian]

Here is an updated rendering of the Nic on Fifth apartment tower.  The proposed Xcel Energy office building is to the left.  I'm underwhelmed with the Nic of Fifth project as well as the Xcel proposal being this is a prime location. I'm also very disappointed with downtown MPLS leaders for giving these two developments the go ahead.  IMHO, this site would have been perfect for a large mixed-use development - perhaps the city's new tallest.  Oh well, there are still plenty of parking lots waiting to be developed.

 

[Twin Citian]

Update:

 

New Proposal: 400 Marquette Avenue Apartments

30-story apartment building

Mortenson Construction will be working with UrbanWorks architecture

The new tower will be located on the same block as the Nic on Fifth and the proposed Xcel Energy office building.

[Twin Citian]

Update:

 

New Proposal: Three24 Apartments

$30 million 

5 stories

140 - 150 units

[Twin Citian]

Update:

 

New Proposal: Mixed-Use Development - Apartments, Hotel, & Retail

150 apartment units

110 hotel rooms

18,000 square feet of retail space

An industrial building will be torn down and a nearby parking lot will be developed

Will be located near the new Vikings stadium and the Downtown East light rail station

[Twin Citian]

Update:

 

Here is a rendering of Mortenson's 30-story apartment tower (4Marq):

 

[Twin Citian]

Update:

 

Here is a fresh look at the Brunsfield International's Brunsfield Place Apartments that are currently under construction.  Not sure what happened to the rendering above.

 

rendering: Avian001

 

 

Also, Mortenson submitted the following docs to the planning commission.  The rendering includes 4Marq, Nic on Fifth, and the Xcel Energy building (lightly shaded and located in center).  These three developments are going a big impact on this side of downtown.  Still hoping for a large, mixed-use development to take up the parking lot across the street.

 

 

renderings: beykite

[Twin Citian]

Update:

 

National Marrow Donor Program's New Headquarters:

* 8 stories

* The organization will be redeveloping the site of the Shapco Printing facility located near Target Field

* New headquarters will house 1,100 employees

 

New Hotel Proposal

* Mortenson Development has a deal to buy a site near First Avenue nightclub

* Hotel will be near Target Center and Target Field

* 9 stories

* 220 rooms

 

Gurley Building Apartment Conversion 

* Built in 1919

* 30 apartments

* A bar or restaurant is also planned

 

Bickford Office Development

* 3 stories

* Located next to the Bookmen Stacks condos and near Target Field

* Site is currently a parking lot

 

* According to Marquette Advisors, the apartment vacancy rate for downtown Minneapolis was at 2.2% at the end of the first quarter.  The vacancy rate across the the Twin Cities metro was 2.8%.

 

 

[Twin Citian]

Update:

 

The Vikings have released their initial renderings of the new stadium yesterday (Monday 5/1313).  This stadium will be massive at 1.6 million square feet and almost twice the size of the Metrodome.

 

Stadium Info:

* Capacity: 65,000 for regular season NFL games; expandable to 73,000 for special events, such as a Super Bowl.

 

* In addition to football, the stadium will be able to accommodate soccer, baseball, hockey, and basketball.

 

* The stadium will have the largest ETFE roof in the world.

 

* It will have the largest pivoting glass doors in the world - 5 95-foot tall pivoting glass doors at the concourse level.

 

* Most advanced, sustainable stadium in the world.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Twin Citian]

Update:

 

A day after the Vikings released renderings for their new stadium, Ryan Companies has released updated information and renderings for their plans that include 4 blocks previously owned by the MPLS StarTribune

 

Project Details:

* $400  million mixed-use redevelopment

 

* The 4 blocks are located near the new Vikings stadium.

 

* Two 20-story office towers with 1.16 million square feet of space.

 

* Wells Fargo says it is considering becoming the sole tenant for the towers.

 

* Accommodate 5,000 - 6,000 employees.

 

* 300 - 350 apartments

 

* 40,000 square feet of retail

 

* New park / green space called "The Yard," which will take up two blocks.

 

* Two parking ramps with 1,700 spaces (will be for office workers and fans)

 

Here is the rendering released by Ryan.  

 

 

 

 

 

[Twin Citian]

Update:

 

Under Construction:

Soo Line Building Apartments (conversion)

Here is an exterior rendering of what the building will look like at night

 

 

The Nic on 5th

* Construction photos:

 

Photos: Major Deegan

 

Junction Flats

* Construction has started

 

Rendering Source: Avian001

 

Velo Apartments

* Construction has started

 

 

Construction to Start Soon:

Mortenson Hotel Development

* The hotel will be a Hampton Inn

Rendering Source: Avian001

 

Bickford Office Development

* Has been approved, construction will start soon.

* The Akquracy agency and other ventures will take up the office space

 

Rendering Source: Avian001

 

4Marq

* Has been approved

 

Proposed:

Ryan Development

* Project is now "East Village Park"

* Ryan has announced that they may add an additional 1.4 million sq. feet of office space and a 150-room hotel to the already 1.1 million sq feet of office space, hundreds of rental units, and a park.

* New rendering: new Vikings stadium in the background and Ryan's development including the park and Wells Fargo offices.

 

[Twin Citian]

Update:

 

Here are a couple construction photos of the Loring Park Apartments (now the LPM apartments)

 

 

Photos: Minneapolisguy

[Twin Citian]

Sorry for the lack of updates.  I have been super busy the past few months so it's been hard to keep up with so many projects underway, approved, and proposed. Anyway... here's a massive update:

 

Recently Completed

Soo Line Building City Apartments

Conversion

19 Floors

254-unit luxury rental units

 

 

 

 

222 Hennepin & Whole Foods

I’m still not a fan of this project, but at least it means more residents and another full-service grocery store for downtown.

 

 

 

 

 

Photo: MSPdude

 

The Vue

 

Mill & Main Apartments

170 luxury apartments and 10 two-level townhouses

 

Image: Finance &Commerce

 

Third North Apartments

6 stories

204 units

 

Photo:  MSPdude

 

Solhavn

6 stories

138 units

 

 

Izzy's Ice Cream Kitchen & Retail Shop

Interesting building.  Great addition to the Guthrie Theater – Gold Medal Park area

 

 

 

Photos: architype

 

Brunsfield North Loop

 

 

Images: www.facebook.com/BrunsfieldNL

 

Emanuel Apartments 

- 101 units

- 10,000 square feet of commercial space

- Not a single parking space

 

 

 

Minnesota Orchestra Hall renovation 

 

 

 

 

 

 

Under Construction

LPM Apartments: 

36 Stories

355 Units

 

Photo: LPM’s Facebook Page

 

Not sure what floor this was taken from, but it's a sweet view.

Photo: LPM’s Facebook Page

 

 

It's starting to make an impact on the MPLS skyline

 

Nic on Fifth

26 Stories

253 Units

 

Photo: Matt 

 

Stonebridge 

11 Stories

169 Units

 

Photo: bapster2006

 

Photo: stonebridgeloftsminneapolis.com

 

District 600

6 stories

78 units

Retail

 

 

Velo

6 stories

101 units

12,000 square feet of retail space

 

 

 

Dock Street Flats

6 stories

185 units

 

Photo:  bapster2006

 

 

Junction Flats

6 stories

182 units

 

 

324 North 1st Street Apartments

5 stories

140 units

 

 

 

Brunsfield North Loop

6 stories

47 units

 

 

Gurley Candy Co.  Building Conversion

Built in 1919

30 apartments

10,000 square feet of commercial space

 

The Bickford

New 3 story office

Part of the Gurley project

 

 

The Interchange – “Target Field Station”

The Interchange will be the central, multi-modal transportation hub and community gathering space.

- Intersection of 5 rail lines

- 65,000 sq. ft. public plaza

- Retail space

- HQ of the Met Transit police

- Air rights available for new office space

- Scheduled to open next year in time for the MLB All-Star Game.

 

 

 

 

 

 

Construction to Start Soon

Vikings Stadium

Groundbreaking is scheduled for December 3rd

Parking lot - gone

 

4Marq: 

30 Stories

262 Units

Groundbreaking is scheduled for December

Parking lot - gone

 

Hampton Inn & Suites

9 stories

210 rooms

Set to break ground in December

Parking lot - gone

 

901 Washington Ave.

Upscale, urban furniture store

Restaurant

Set to break ground in February

Parking lot – gone

 

National Marrow Donor Program (Be The Match) HQ

8 stories

240,000 sq. ft.

900 employees will be moving into the new space

Set to break ground in mid-2014

 

Approved

Target Center Renovation

Construction is set to start next summer.

 

Proposed

Hines - 20-story Office Tower

* 500,000-square-foot office

* Located near Target Field

 

 

Ryan – Downtown East / Wells Fargo Project

* 20-story mixed-use twin towers

* Current phase is 1.2 million SF

* Project will include a park

* Maximum build-out of the project will be 2.9 million SF of office space

 

 

 

Dock Street Flats Phase II

25 stories

291 units

15,715 sq. ft. of commercial space

 

Alatus Project

13 stories

320 units

 

 

Plymouth Building – Hotel Conversion

12 stories

Built in 1910

Was slated to be apartments, but will now be a hotel conversion

 

 

Excel Energy HQ

9 stories

Parking ramp - gone

 

 

Mill City Quarter

Phase 1

6 stories

150 units

15,000 sq. ft. retail space

Parking lot – gone

 

Phase II

6 stories

Parking lot – gone

 

Massive parking lot that will be developed

 

 

 

Phase I & II

 

Regency Boutique Hotel (renovation)

Built in 1914

Six stories

Upscale boutique hotel

Restaurant will also be included

 

 

Sherman Development – Apartments & Hotel

Hotel

110 rooms

5 stories

150 units

9,000 sq ft of retail

Parking lot - gone

 

Green & DeLaittre Co. Wholesale Grocery Warehouse Building (Office Conversion)

Built in 1908

4 stories

19,000 sq. ft.

 

Cameron Building (Apartment Conversion)

Old warehouse built in the early 1900s

4 stories

 

[Twin Citian]

It looks like 4Marq is set to break ground!!  Goodbye to another parking lot.  

 

I just came across the following photo that someone posted on UrbanMSP's Facebook page (posted this morning).

 

Original rendering:

 

4Marq with Nic on Fifth (under construction) and Xcel's new HQ (proposed)

[Twin Citian]

Update:

 

I drove by the 4Marq site tonight and the crane is being assembled.  

[Twin Citian]

Update 1:

 

I think I jumped the gun on the 4Marq.  I drove by the site again earlier today and it appears the crane is actually for the Nic on 5th. Whatever the case, Mortenson has closed on the site and the lot is blocked off so work should begin soon.

 

Update 2:

 

The Vikings officially broke ground today on their new $1 billion stadium.

 

 

[Twin Citian]

Update:

 

Wells Fargo has officially signed off on the Ryan project.

- The company will own the two towers (17 - 20 stories), which will total 1.1 million sq. feet

- Roughly 5,000 of the company's 7,000 downtown employees will be moved to the new buildings

- Wells is investing over $300 million in the project.

- Located right next the new $1 billion Vikings stadium

- Groundbreaking is scheduled for April 2014 and the first phase is set to open at the end of 2015

 

[Twin Citian]

Update:

 

Two ownership groups are vying for a Major League Soccer franchise for downtown Minneapolis.  Zygi Wilf, owner of the Vikings, is heading the first group and Bill McGuire, former CEO of UnitedHealth group and current owner of the Minnesota United FC is heading the other.  If Zygi lands the team, they will be playing in the new Vikings stadium.  McGuire and his group are proposing a new soccer-only stadium near Target Field.  The stadium would seat upwards to 25,000 and would be located next to the downtown MPLS Farmers Market and the proposed Southwest light rail line.  

 

[Twin Citian]

Update:

 

Eclipse Development:

- 16 and 20 story towers

- 360 units

- Ground floor retail

- Development will be bounded by Washington Ave., Hennepin Ave, 3rd St. N, and 1st Ave. N.

 

Image: spectre000