TCF Bank Building Redevelopment

Downtown - North Loop - Mill District - Elliot Park - Loring Park
mattaudio
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Re: TCF Tower

Postby mattaudio » April 14th, 2014, 9:34 am

twincitizen wrote:
mattaudio wrote:Maybe we could get some residential like we have across the street: http://goo.gl/maps/VkA6L
Anyone have the who/what/why/when on that building? It's...odd. Not unattractive per se, just random in the center of the CBD and relatively new looking. There's really not much like it. I wonder what the rents are like...it's kind of low on the amenity/luxury meter for downtown living, aside from being on the skyway.

Should we change the title of this thread to reflect that the TCF Tower won't really be changing? Sure, there will be a new office tenant in 2016 (hopefully), but the tower portion won't be redeveloped. Only the 4-story "TCF Bank" building would be torn down for redevelopment. Any announcement of a new TCF Tower tenant is unlikely to generate much excitement, and that announcement could go in the "Downtown Office Market" thread. What should we call this one?
Although hopefully if the NW corner of the block is redeveloped, it could include a matching new skin for the existing TCF tower.

Wedgeguy
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Re: TCF Tower

Postby Wedgeguy » April 14th, 2014, 9:44 am

If they used part of the old building when they built that 4 story structure. That would explain the underused courtyard, the interior windows and the weird setbacks for those windows. I have no problem with having a courtyard/atrium, as long as it is designed and used and not just a sterile walk thru as it currently is.

seanrichardryan
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Re: TCF Tower

Postby seanrichardryan » April 14th, 2014, 9:52 am

Metro Apartments was developed by Paul Klodt. It was the site of a small hotel, the St Regis. Rents are average, not luxury IIRC . The apartments are pretty bland, almost suburban in their finishes. The 9 levels of parking mostly serves the Medical Arts building next door.
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John
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Re: TCF Tower

Postby John » April 14th, 2014, 9:57 am

seanrichardryan wrote:Metro Apartments was developed by Paul Klodt. It was the site of a small hotel, the St Regis. Rents are average, not luxury IIRC . The apartments are pretty bland, almost suburban in their finishes. The 9 levels of parking mostly serves the Medical Arts building next door.
I think it was built in the late 1980's or early 1990's. Primarily used for short term corporate employee housing. Bland is the descriptive word for this complex on both the interior and exterior.

Wedgeguy
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Re: TCF Tower

Postby Wedgeguy » April 14th, 2014, 10:02 am

Bland as it maybe, it has some of the best food in town. The Melting Pot, Hells Kitchen and the Angel Bakery!!

seanrichardryan
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Re: TCF Tower

Postby seanrichardryan » April 14th, 2014, 10:19 am

It's much newer than that- circa 2000-01.
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lordmoke
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Re: TCF Tower

Postby lordmoke » April 14th, 2014, 10:21 am

seanrichardryan wrote:It's much newer than that- circa 2000-01.
Aye. Lileks has the history here covered, per usual:
http://lileks.com/mpls/prof/index.html

seanrichardryan
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Re: TCF Tower

Postby seanrichardryan » April 14th, 2014, 10:27 am

AH yes, the Doctors & Professionals building. That was a turd.
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mullen
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Re: TCF Tower

Postby mullen » May 20th, 2014, 7:39 am


min-chi-cbus
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Re: TCF Tower

Postby min-chi-cbus » May 20th, 2014, 7:53 am

That's good news, right?

600K - 800K SF built-to-suit office tower. I have little idea how big of a plot this site is, does anybody else know? At first glance on Google Earth it appears to be about a quarter of a block, similar to the AT&T Tower just one block south of this site and positioned on the same NW corner of the block. The AT&T Tower is 610,154 RSF, 33 floors, and 464 feet tall (14th tallest in the city). There's a new building going up in Philadelphia that's only 700,000 SF and is somehow 700 feet tall (some chemical company there wants a trophy tower).

So if that's the low end of the scale, that's pretty exciting stuff! And yet somehow I think that whatever gets built on this plot of land could be considerably more substantial.

mattaudio
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Re: TCF Tower

Postby mattaudio » May 20th, 2014, 7:59 am

Any chance they will rewrap the 70s bank tower midrise as part of this? That would be cool. Maybe they can finally change some light bulbs for the time/temperature display while they're at it.

spearson
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Re: TCF Tower

Postby spearson » May 20th, 2014, 8:07 am

Doing some quick math, the AT&T building is about 18k sqft per floor, so using that as a base 800k total sqft is about 44 floors. So it could be nice, though certainly not going to wet the panties of the supertall folk.

nickmgray
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Re: TCF Tower

Postby nickmgray » May 20th, 2014, 8:48 am

The current building it a little larger than a 1/4 block, but they'd have to leave some breathing room between the new tower the the old TCF tower.

I'm actually surprised that they're floating the idea of developing a tower here. Yes, it's right next to the IDS, but the building would be nearly invisible from all angles since there are taller towers around it. Something right across the street from the AT&T tower would have a bigger impact on the skyline and would allow them renovate and rent the current office space they have.

spearson
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Re: TCF Tower

Postby spearson » May 20th, 2014, 8:59 am

It's not about visibility of the tower on the skyline, it's about location in relation to the city core. It's a prime spot.

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Avian
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Re: TCF Tower

Postby Avian » May 20th, 2014, 9:47 am

Height will also depend upon whether the 600-800k is gross leasable or net rentable space.

This is also the site where Ryan was planning a supertall with Pickard Chilton as the architect, before the Fall.

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min-chi-cbus
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Re: TCF Tower

Postby min-chi-cbus » May 20th, 2014, 11:17 am

Avian wrote:Height will also depend upon whether the 600-800k is gross leasable or net rentable space.

This is also the site where Ryan was planning a supertall with Pickard Chilton as the architect, before the Fall.
Pardon my ignorance, but GLA also including common areas, whereas NRA does not?

MplsTodd
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Re: TCF Tower

Postby MplsTodd » May 20th, 2014, 11:32 am

Instead of GLA or NRA, I think it's really GBA or NRA.
GLA and NRA are expressions of rentable area, which is what is usually included in leases and serves as the basis of how much economic rent can be generated at a property. NRA is usually based on usable area multiplied by an add-on factor (which includes the allowable portion of common area hallways, lobbies and bathrooms). This add-on factor is also sometimes called an R/U factor (for rentable/usable). NRA is commonly used in office and industrial buildings, whereas GLA is typically used for retail.

GBA: is usually the total square footage of the building including basements, penthouses, mechanical rooms, etc... (things that don't usually get factored into a R/U factor).

Note:
GLA: gross leasable area
GBA: gross building area
NRA: net rentable area

I hope this helps

nBode
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Re: TCF Tower

Postby nBode » May 20th, 2014, 12:37 pm

At first I thought that the tower would be going away… It's so unfortunate how it pushes up against the Foshay.

Tyler
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Re: TCF Tower

Postby Tyler » May 20th, 2014, 1:06 pm

Depends on the design. Hopefully we get a slim-ish tower pushed all the way to the corner of the block. What the current TCF tower does is an abomination.
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Silophant
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Re: TCF Tower

Postby Silophant » May 20th, 2014, 4:10 pm

Yeah, the most important criteria has to be getting a design that complements the Foshay instead of TCF Towering it.

I'd also like to see the current tower reskinned. I don't know much about the office market, but I've gotta assume it would be an easier sell if the building were just a little less dark and ominous.


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