Downtown Minneapolis General Topics & Development Map

[TroyGBiv]

Heard a rumor of 42 stories... don't quote me on that

I remember a proposed 25 story office building ... do you think this is office or residential?

[kiliff75]

Heard a rumor of 42 stories... don't quote me on that

I remember a proposed 25 story office building ... do you think this is office or residential?

This is the old 25-story office building proposal that was cancelled...

https://www.bizjournals.com/twincities/ ... r-and.html
viewtopic.php?f=13&t=1634&p=37039&hilit=hines#p37039

[Qhaberl]

It would be great to have more office space, but I don’t know if the market could take it right now. I would imagine that it will either end up being luxury apartments or condos. I’m guessing that the area is zoned for very high density because of it’s proximity to downtown and to the train station.


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[Qhaberl]

So they just started work on the Hennepin Avenue reconstruction from Washington Avenue to12 street. Last year they worked on the portion that runs through the Lyndale Hennepin convergence. There is a gap between these two projects. What about the portion from 12th St. to 16th St.? It’s a little over a quarter mile in length.





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[QuietBlue]

It would be great to have more office space, but I don’t know if the market could take it right now.

Agreed. My gut feeling is that, while there will continue to be smaller companies that choose to locate downtown, we've seen all the big moves we're going to see for a while. By now companies have looked at it and have decided if it makes sense for them. But that is just a gut feeling, and could be wrong.

[minntransplant]

I don't do CRE anymore, but while there is a lot of vacant space in downtown, what is available is not what most tenants want. If you need 10-30k square feet of nice space with the ability to expand, your options are pretty limited or nonexistent. There is definitely demand for new office space, but to do it on spec without a big tenant lined up remains a hurdle.

[Silophant]

Dayton's should help with that - or are those floorplates actually too big?

I'm not sure if RBC Plaza is still considered Class A, but a huge chunk of that will open up when RBC and the Pohlad companies move into the Gateway.

[alexschief]

Most of the recent residential growth in downtown St. Paul has been driven by Class B/C conversions. As far as I know, that hasn't happened at all in downtown Minneapolis in the past decade. How much vacant, older, narrow floorplate office is out there? Has there been any recent inventory?

[grrdanko]

There was talk a couple years ago of converting Northstar Center into residential. I haven't heard anything since.

[Silophant]

The Soo Line Building at 5th and Marquette was a office conversion to residential way back in 2012 or so, and the Rand Tower (on the same block!) and 317 2nd Ave S are both currently under construction to be converted from office to hotels. I can't think of anything else since I started paying attention to this kind of thing

Edit: the Luminn Hotel at 219 4th St S was also a conversion from vacant office space, I believe.

[MNdible]

The Foshay was also converted from (very inefficient) office to hotel.

[Nick]

The Embassy Suites on Hennepin was a big one.

[mamundsen]

Former YMCA building at 30 S 9th purchased for ~$5 million.

http://www.startribune.com/swervo-pays- ... 499169001/

Great to see! It'll be nice to see some new retail down in this area.

They have started removing the old facade of this building. It’s going to be an interesting view when open.

[mnmike]

So, I hate to be that guy that brings a thread to the top making it look like there is news when I just have a question...so I will ask this here:) I don't live in Minneapolis anymore...I wonder does anyone have any recent pics or an update about how Peavey Plaza is looking? Isn't that supposed to be almost done at this point? Also, and progress on tree replacing on Nicollet? How is that looking in year two? I know there is still a ton of vacant space, but at least the old B&N space is nearly built out. The restaurant patios/flowers looking good? Considering the city neglected to include any flower pots in the new design!! How dumb was that?!

Thanks in advance for any pics or commentary I miss making my rounds to see how things are looking.

[EOst]

Construction photos and timeline of current activity on the city's website: http://www.ci.minneapolis.mn.us/publicw ... /index.htm

[amiller92]

I think they replaced all the dead trees (or at least I saw them replacing dead trees one day, impressively with similar-sized trees, and assume they did all of them).

[mnmike]

Thanks guys!

I hadn't found that page.

[maxbaby]

New partial office to apartment conversion in Elliot Park. https://finance-commerce.com/2019/06/sc ... nneapolis/

[Anondson]

Anyone know when this is supposed to end? Seems like it's taking an amazingly long time.

IMG_1258.jpeg

[twinkess]

Hah, I was just about to ask about this too. What are they even doing?