Downtown Minneapolis Office Market

Downtown - North Loop - Mill District - Elliot Park - Loring Park
HiawathaGuy
Wells Fargo Center
Posts: 1431
Joined: June 4th, 2012, 12:03 pm

Re: Downtown Minneapolis Office Market

Postby HiawathaGuy » June 2nd, 2016, 1:37 pm

Stinson Leonard Street plans 325-employee HQ move in downtown Minneapolis
http://www.bizjournals.com/twincities/n ... -move.html

The new 16 year lease will move them out of 140,000 sq ft in Fifth Street Towers to 105,000 sq ft in 50 South Sixth Street in late 2017.

bapster2006
Foshay Tower
Posts: 867
Joined: November 17th, 2012, 6:53 pm

Re: Downtown Minneapolis Office Market

Postby bapster2006 » June 9th, 2016, 7:28 am

Amazon to open office downtown and hire 100:

http://m.startribune.com/amazon-to-open ... ection=%2F

HiawathaGuy
Wells Fargo Center
Posts: 1431
Joined: June 4th, 2012, 12:03 pm

Re: Downtown Minneapolis Office Market

Postby HiawathaGuy » June 9th, 2016, 7:43 am


HiawathaGuy
Wells Fargo Center
Posts: 1431
Joined: June 4th, 2012, 12:03 pm

Re: Downtown Minneapolis Office Market

Postby HiawathaGuy » July 22nd, 2016, 3:24 pm

Report: Vacancy rates at or near pre-recession lows
http://finance-commerce.com/2016/07/rep ... sion-lows/
*LOCKED*

grant1simons2
IDS Center
Posts: 4183
Joined: February 8th, 2014, 11:33 pm
Location: Marcy-Holmes

Re: Downtown Minneapolis Office Market

Postby grant1simons2 » September 20th, 2016, 9:50 am

http://primeacademy.io/news

Prime Academy to move to Grain Exchange in 2017

HiawathaGuy
Wells Fargo Center
Posts: 1431
Joined: June 4th, 2012, 12:03 pm

Re: Downtown Minneapolis Office Market

Postby HiawathaGuy » September 27th, 2016, 2:49 pm

Marketing firm Clear Night Group moving 110 employees to North Loop
http://www.bizjournals.com/twincities/n ... g-110.html

grant1simons2
IDS Center
Posts: 4183
Joined: February 8th, 2014, 11:33 pm
Location: Marcy-Holmes

Re: Downtown Minneapolis Office Market

Postby grant1simons2 » October 5th, 2016, 3:57 pm

Image

Newer rendering of the Baker Center renovation

talindsay
Wells Fargo Center
Posts: 1519
Joined: September 29th, 2012, 10:41 am

Re: Downtown Minneapolis Office Market

Postby talindsay » October 17th, 2016, 4:20 pm

This may not be a popular opinion, but I rather like the current Baker Center exterior. I'd rather they rehabbed it than renovated it.

nBode
Union Depot
Posts: 310
Joined: August 20th, 2013, 3:25 pm
Location: University of Minnesota

Re: Downtown Minneapolis Office Market

Postby nBode » October 18th, 2016, 8:10 am

I can't say I like the current exterior, but I don't think it's bad at all, with the exception of the first floor. I think they could just open that up some and then replace the glazing/window wall system and it would be just fine.

acs
Wells Fargo Center
Posts: 1373
Joined: March 26th, 2014, 8:41 pm

Re: Downtown Minneapolis Office Market

Postby acs » October 26th, 2016, 7:44 am

Select Comfort is moving it's headquarters and about 900 employees from Plymouth to 1001 3rd Ave. S.

http://www.startribune.com/select-comfo ... 398671351/

Isn't this the vacant server farm building? did someone renovate it and we missed it?

MNdible
is great.
Posts: 5474
Joined: June 8th, 2012, 8:14 pm
Location: Minneapolis

Re: Downtown Minneapolis Office Market

Postby MNdible » October 26th, 2016, 8:25 am

Wow, that's a nice win for downtown!

Silophant
Moderator
Posts: 3370
Joined: June 20th, 2012, 4:33 pm
Location: The Gateway

Re: Downtown Minneapolis Office Market

Postby Silophant » October 26th, 2016, 8:37 am

Huh. Another brand I definitely recognize, that I had no idea was based in Minnesota. Cool!

acs
Wells Fargo Center
Posts: 1373
Joined: March 26th, 2014, 8:41 pm

Re: Downtown Minneapolis Office Market

Postby acs » October 26th, 2016, 9:02 am

http://www.bizjournals.com/twincities/n ... -from.html

Bizjournal unlocked story for those who want the details. Didn't know the exact history of this weird building or that it could be connected to the learnington ramp via skyway.

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jw138
Union Depot
Posts: 333
Joined: June 30th, 2014, 2:52 pm

Re: Downtown Minneapolis Office Market

Postby jw138 » October 26th, 2016, 11:24 am

This is fairly sizeable. How big of dent does it actually put in downtown vacancy rates?

grant1simons2
IDS Center
Posts: 4183
Joined: February 8th, 2014, 11:33 pm
Location: Marcy-Holmes

Re: Downtown Minneapolis Office Market

Postby grant1simons2 » October 26th, 2016, 12:51 pm

I'm waiting for Prudential to move downtown from their campus in Plymouth

User avatar
Tiller
US Bank Plaza
Posts: 798
Joined: January 17th, 2015, 11:58 am

Re: Downtown Minneapolis Office Market

Postby Tiller » October 26th, 2016, 1:48 pm

grant1simons2 wrote:I'm waiting for Prudential to move downtown from their campus in Plymouth
How many people work there?

DanB
Metrodome
Posts: 81
Joined: January 28th, 2016, 10:10 pm
Location: Prospect Park

Re: Downtown Minneapolis Office Market

Postby DanB » October 26th, 2016, 2:20 pm

Great news about Select Comfort with 900 employees moving and a 211,000 square foot 15 year lease according to Startribune. As far as prudential goes I wonder if losing their helipad would be a deal breaker? I think HCMC's is the only one in downtown.

mattaudio
Stone Arch Bridge
Posts: 7526
Joined: June 19th, 2012, 2:04 pm
Location: NORI: NOrth of RIchfield

Re: Downtown Minneapolis Office Market

Postby mattaudio » October 26th, 2016, 2:22 pm

That 1980s deep blue Ameriprise block could sure use some upgrades on the street. Other than the building entrance on the corner of 3rd Ave and 10th St, the sidewalk frontage is entirely blank walls.

bapster2006
Foshay Tower
Posts: 867
Joined: November 17th, 2012, 6:53 pm

Re: Downtown Minneapolis Office Market

Postby bapster2006 » October 28th, 2016, 6:27 am

The IDS data center has come up as a topic, so here are a few articles I clipped from the newspaper in 1988 to show the history. The first article is in the upper right, and the second article a few weeks later starts at the bottom.

ImageIDS data center Minneapolis newspaper article 1988 by Matt Bappe, on Flickr

MattW
Landmark Center
Posts: 297
Joined: June 13th, 2015, 5:05 pm

Re: Downtown Minneapolis Office Market

Postby MattW » October 28th, 2016, 8:59 am

mattaudio wrote:That 1980s deep blue Ameriprise block could sure use some upgrades on the street. Other than the building entrance on the corner of 3rd Ave and 10th St, the sidewalk frontage is entirely blank walls.
I would think they'd try and get a show room, at minimum, on street level to get convention attendees.


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