Stadium Parking Ramp Development Site

Downtown - North Loop - Mill District - Elliot Park - Loring Park
seanrichardryan
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Re: Stadium Parking Ramp Air Rights Development

Postby seanrichardryan » July 1st, 2014, 9:28 am

Like on the vacant lot at 4th and Hennepin?
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mattaudio
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Re: Stadium Parking Ramp Air Rights Development

Postby mattaudio » July 1st, 2014, 9:30 am

That's my guess.

timdski
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Re: Stadium Parking Ramp Air Rights Development

Postby timdski » July 1st, 2014, 2:24 pm

Here's a somewhat positive update. Hopefully MPLS's air rights dollars won't be reduced.

http://www.bizjournals.com/twincities/b ... l?page=all

twincitizen
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Re: Stadium Parking Ramp Air Rights Development

Postby twincitizen » July 1st, 2014, 3:11 pm

Ryan worked hard with everyone to try figure out the Radisson Red, Barranco said. "We spent a lot of time and energy trying to make it go and just couldn't find the economics to make it work."

Some factors in the change of plans included the design involved, pricing and the technical and operating issues with the ramp and structure, Barranco said.

"All those things emerged. There wasn't any one group that was at fault or any thing. It just didn't pencil out."
I'm guessing we'll see the tower shrink a bit, as it would constitute a pretty huge increase in units to stay at 25 stories (including the ramp).

For hotel sites, keep in mind that the two Wells blocks both have vacant parcels remaining on their north faces (fronting 3rd Street). I'm not sure if a hotel is actually feasible, since those parcels would be restricted to 4-5 floors (being directly adjacent to the Wells buildings). Either way, there is no shortage of developable land nearby, including the Zygi parcels north of the stadium itself.

Unity77
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Re: Stadium Parking Ramp Air Rights Development

Postby Unity77 » July 1st, 2014, 3:26 pm

Wow. Isn't it a bit odd that they (Ryan) couldn't land a chain for this project?
Last edited by Unity77 on July 1st, 2014, 3:32 pm, edited 1 time in total.

HiawathaGuy
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Re: Stadium Parking Ramp Air Rights Development

Postby HiawathaGuy » July 1st, 2014, 3:29 pm

twincitizen wrote:I'm guessing we'll see the tower shrink a bit, as it would constitute a pretty huge increase in units to stay at 25 stories (including the ramp).
Doesn't seem that way...
Biz Journal Article wrote:Magellan Senior Vice President Brian Gordon expects the tower's design and feel will stay the same, he said in an interview. The 10-story portion of the tower that was to be a Radisson Red hotel will instead be apartments.
Also, the ramp is not a part of the original tower. It will be built alongside the south face of the ramp, FYI.

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Nick
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Re: Stadium Parking Ramp Air Rights Development

Postby Nick » July 1st, 2014, 3:31 pm

Should this be put back out to bid or?

Unity77
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Re: Stadium Parking Ramp Air Rights Development

Postby Unity77 » July 1st, 2014, 3:33 pm

Nick wrote:Should this be put back out to bid or?
I was going to ask that too.

It would be nice to see a developer from out of town bring something to the table.

John
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Re: Stadium Parking Ramp Air Rights Development

Postby John » July 1st, 2014, 3:42 pm

Unity77 wrote:Wow. Isn't it a bit odd that they (Ryan) couldn't land a chain for this project?
I think it's strange too. This is a really prime spot. A no brainer for a hotel to connect directly to the stadium. I would think there would be lots of chains interested in this site. However, I think there is an issue with timing here. Really the city should give them an extension to look into other options. If they can't come up with anything, the city should place it back out to bid between developers.

HiawathaGuy
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Re: Stadium Parking Ramp Air Rights Development

Postby HiawathaGuy » July 1st, 2014, 3:46 pm

Council member Frey has weighed in...
Council member Frey wrote:I'm waiting to get a statement from city officials. City Council member Jacob Frey, who represents that area, said, "Clearly I'm not thrilled with the news."...

The project was going to occupy the “air rights” above a new, $49 million parking ramp at 728 S. Fourth St. that Ryan is building for the Minnesota Sports Facilities Authority (MSFA). The 1,600-stall ramp is being funded as part of the new Minnesota Vikings stadium next door. Ryan agreed to pay the city $5.65 million for the development rights.

The city would probably have to give approval if Ryan decides to pursue the project without the hotel. The city could turn to Mortenson to negotiate a deal or put the project back out for another round of proposals.

Frey declined to discuss any of the issues that might have led to the Radisson Red decision, saying it's more important to concentrate on the future.

"We've got several options before us. I think what's necessary is to figure out what options maximize the number of eyes on the [new Downtown East] park and dollars into it and I really gotta sit down with staff to determine which option that is."

John
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Re: Stadium Parking Ramp Air Rights Development

Postby John » July 1st, 2014, 3:51 pm

^^^I may be wrong , but I would assume the city is hoping for a hotel to be part of this project.

mullen
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Re: Stadium Parking Ramp Air Rights Development

Postby mullen » July 1st, 2014, 7:40 pm

ryan is moving forward, sans hotel.
http://www.bizjournals.com/twincities/b ... adium.html

seanrichardryan
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Re: Stadium Parking Ramp Air Rights Development

Postby seanrichardryan » July 1st, 2014, 7:47 pm

SO the only changes you'll see are balconies 10 floors lower :)
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grant1simons2
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Re: Stadium Parking Ramp Air Rights Development

Postby grant1simons2 » July 1st, 2014, 7:57 pm

Those are b-e-a-utiful

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Re: Stadium Parking Ramp Air Rights Development

Postby MS3 » July 1st, 2014, 8:00 pm

This is all still so unofficial. If at least 10 floors don't include a hotel chain,at least will pop up in this area in the near future.its a given.. When a billion dollar stadium is built, it's followed buy a hotel chain

Unity77
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Re: Stadium Parking Ramp Air Rights Development

Postby Unity77 » July 1st, 2014, 10:09 pm

Any chance Ryan will dump its plans for the six-story box on the west end of the park? Why not add those 190+ apartments to this development?

min-chi-cbus
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Re: Stadium Parking Ramp Air Rights Development

Postby min-chi-cbus » July 2nd, 2014, 7:14 am

^Something to do with preserving sight lines to City Hall, so I'm told.

robotlollipop
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Re: Stadium Parking Ramp Air Rights Development

Postby robotlollipop » July 2nd, 2014, 7:33 am

min-chi-cbus wrote:^Something to do with preserving sight lines to City Hall, so I'm told.
I said this a while ago, to give some sort of reason for this choice, and was treated like a dummy.

Were you actually told that or are you being smart?

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Re: Stadium Parking Ramp Air Rights Development

Postby John » July 2nd, 2014, 7:56 am

Unity77 wrote:Any chance Ryan will dump its plans for the six-story box on the west end of the park? Why not add those 190+ apartments to this development?
The really should build the Radisson Hotel on the west end and just eliminate the apartments altogether. When you see it in the rendering it looks ridiculously tiny and out of scale with everything around it. Would also make the Magellan /Ryan ramp project more viable and allow for increased # of units.

seanrichardryan
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Re: Stadium Parking Ramp Air Rights Development

Postby seanrichardryan » July 2nd, 2014, 8:34 am

Eh, that 6 story building is your only chance to get a human scaled building surrounding this park.
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