Downtown Minneapolis General Topics & Development Map

Downtown - North Loop - Mill District - Elliot Park - Loring Park
TroyGBiv
US Bank Plaza
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Re: Downtown Minneapolis General Topics & Development Map

Postby TroyGBiv » June 19th, 2019, 1:33 am

grant1simons2 wrote:
June 12th, 2019, 1:13 pm
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
Nicollet Mall
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Re: Downtown Minneapolis General Topics & Development Map

Postby kiliff75 » June 19th, 2019, 2:51 pm

TroyGBiv wrote:
June 19th, 2019, 1:33 am
grant1simons2 wrote:
June 12th, 2019, 1:13 pm
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
Foshay Tower
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Re: Downtown Minneapolis General Topics & Development Map

Postby Qhaberl » June 19th, 2019, 4:33 pm

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
Foshay Tower
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Re: Downtown Minneapolis General Topics & Development Map

Postby Qhaberl » June 20th, 2019, 1:16 pm

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
Target Field
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Re: Downtown Minneapolis General Topics & Development Map

Postby QuietBlue » June 20th, 2019, 1:31 pm

Qhaberl wrote:
June 19th, 2019, 4:33 pm
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
Nicollet Mall
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Joined: June 1st, 2012, 7:44 pm

Re: Downtown Minneapolis General Topics & Development Map

Postby minntransplant » June 20th, 2019, 2:13 pm

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
Moderator
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Location: The Gateway

Re: Downtown Minneapolis General Topics & Development Map

Postby Silophant » June 20th, 2019, 4:12 pm

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
Rice Park
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Location: Philadelphia

Re: Downtown Minneapolis General Topics & Development Map

Postby alexschief » June 21st, 2019, 8:43 am

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
Nicollet Mall
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Joined: December 21st, 2014, 3:14 pm
Location: Downtown

Re: Downtown Minneapolis General Topics & Development Map

Postby grrdanko » June 21st, 2019, 8:49 am

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

Silophant
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Re: Downtown Minneapolis General Topics & Development Map

Postby Silophant » June 21st, 2019, 9:06 am

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
is great.
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Re: Downtown Minneapolis General Topics & Development Map

Postby MNdible » June 21st, 2019, 9:18 am

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

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Nick
Capella Tower
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Joined: May 30th, 2012, 9:33 pm
Location: Loring Park, Minneapolis

Re: Downtown Minneapolis General Topics & Development Map

Postby Nick » June 21st, 2019, 10:38 am

The Embassy Suites on Hennepin was a big one.

mamundsen
Wells Fargo Center
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Re: Downtown Minneapolis General Topics & Development Map

Postby mamundsen » June 21st, 2019, 1:42 pm

nordeast homer wrote:
October 31st, 2018, 1:52 pm
MN Fats wrote:
October 31st, 2018, 12:28 pm
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
Wells Fargo Center
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Re: Downtown Minneapolis General Topics & Development Map

Postby mnmike » June 24th, 2019, 11:27 pm

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 :D I miss making my rounds to see how things are looking.

EOst
Capella Tower
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Re: Downtown Minneapolis General Topics & Development Map

Postby EOst » June 25th, 2019, 8:09 am

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

amiller92
Wells Fargo Center
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Re: Downtown Minneapolis General Topics & Development Map

Postby amiller92 » June 25th, 2019, 9:37 am

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
Wells Fargo Center
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Re: Downtown Minneapolis General Topics & Development Map

Postby mnmike » June 25th, 2019, 12:40 pm

Thanks guys!

I hadn't found that page.

maxbaby
Landmark Center
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Joined: June 19th, 2012, 6:39 pm
Location: Woodbury, MN

Re: Downtown Minneapolis General Topics & Development Map

Postby maxbaby » June 25th, 2019, 6:32 pm

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

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Anondson
IDS Center
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Re: Downtown Minneapolis General Topics & Development Map

Postby Anondson » June 25th, 2019, 7:53 pm

Anyone know when this is supposed to end? Seems like it's taking an amazingly long time.
IMG_1258.jpeg
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twinkess
Rice Park
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Joined: November 26th, 2012, 10:46 am

Re: Downtown Minneapolis General Topics & Development Map

Postby twinkess » June 25th, 2019, 10:26 pm

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


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