Portland Tower - 516 S. 8th St.

Downtown - North Loop - Mill District - Elliot Park - Loring Park
twincitizen
Moderator
Posts: 6194
Joined: May 31st, 2012, 7:27 pm
Location: Standish-Ericsson

Re: Portland Tower - 516 S. 8th St.

Postby twincitizen » February 12th, 2015, 2:56 pm

WF will be opening a new branch just 4 blocks up Portland in their new DTE office complex. But yeah I agree, they eventually will need to close the half-block-occupying drive-thru location and allow that to be redeveloped (and the one in Northeast too!)

grant1simons2
IDS Center
Posts: 4289
Joined: February 8th, 2014, 11:33 pm
Location: Marcy-Holmes

Re: Portland Tower - 516 S. 8th St.

Postby grant1simons2 » February 14th, 2015, 2:44 pm

ImageDSC_0675 by grant.simons, on Flickr

I took this with my real camera for some reason. Anyways. Hello Mr. Excavator!

AccordGuy
Metrodome
Posts: 60
Joined: October 5th, 2013, 2:54 pm
Location: Minneapolis

Re: Portland Tower - 516 S. 8th St.

Postby AccordGuy » February 15th, 2015, 1:58 pm

grant1simons2 wrote:ImageDSC_0675 by grant.simons, on Flickr

I took this with my real camera for some reason. Anyways. Hello Mr. Excavator!
Agreed ! Pick a spot, and start digging.
Born in Minneapolis.

bapster2006
Foshay Tower
Posts: 934
Joined: November 17th, 2012, 6:53 pm

Re: Portland Tower - 516 S. 8th St.

Postby bapster2006 » February 16th, 2015, 5:39 pm

10 of 110 units reserved, and dirt hasn't turned yet. Sure, that doesn't mean they will move in, but not a bad sign of demand.

mattaudio
Stone Arch Bridge
Posts: 7927
Joined: June 19th, 2012, 2:04 pm
Location: NORI: NOrth of RIchfield

Re: Portland Tower - 516 S. 8th St.

Postby mattaudio » February 17th, 2015, 8:56 am

But, generally, isn't there a minimum number of pre-sales required before banks will finance? Isn't that what has killed many projects, from the Nicollet to the original Penfield? Granted, that may not apply to Stanton if he self-finances or has nontraditional finance streams.

MNdible
is great.
Posts: 5797
Joined: June 8th, 2012, 8:14 pm
Location: Minneapolis

Re: Portland Tower - 516 S. 8th St.

Postby MNdible » February 17th, 2015, 10:23 am

Yeah, Stanton has generally not been beholden to the bank financing that is critical for most developers. He apparently didn't get the memo about only using Other People's Money.

bapster2006
Foshay Tower
Posts: 934
Joined: November 17th, 2012, 6:53 pm

Re: Portland Tower - 516 S. 8th St.

Postby bapster2006 » March 7th, 2015, 11:45 am

Quick update: no digging yet but the rumor is soon.

User avatar
Andrew_F
Rice Park
Posts: 453
Joined: May 31st, 2012, 10:15 pm
Location: Stevens Square

Re: Portland Tower - 516 S. 8th St.

Postby Andrew_F » March 7th, 2015, 10:09 pm

From my walk past earlier this week it looked like they've been doing some utility relocation along the alley.

lordmoke
Wells Fargo Center
Posts: 1377
Joined: June 8th, 2012, 1:39 pm
Location: Nicollet Island

Re: Portland Tower - 516 S. 8th St.

Postby lordmoke » March 24th, 2015, 8:11 pm

Construction trailers and materials on site!

grant1simons2
IDS Center
Posts: 4289
Joined: February 8th, 2014, 11:33 pm
Location: Marcy-Holmes

Re: Portland Tower - 516 S. 8th St.

Postby grant1simons2 » March 26th, 2015, 4:30 pm

Dirt moving. Sidewalks out

Enrique612
Block E
Posts: 20
Joined: March 13th, 2015, 7:21 pm

Re: Portland Tower - 516 S. 8th St.

Postby Enrique612 » March 27th, 2015, 5:54 pm

https://twitter.com/brianjohnson32/stat ... 08/photo/1

Pile driving started here today too...

struct100
Block E
Posts: 9
Joined: October 18th, 2013, 12:32 pm

Re: Portland Tower - 516 S. 8th St.

Postby struct100 » March 30th, 2015, 11:10 am

They are drilling holes for caissons, not pile driving.

J2K
Metrodome
Posts: 86
Joined: January 10th, 2013, 5:11 pm

Re: Portland Tower - 516 S. 8th St.

Postby J2K » March 30th, 2015, 11:20 am

I haven't noticed much, if any pile driving during the recent boom. Is drilling the newly preferred way or is it required due to the hospital close by? I remember Target Field was all pile driving but can't think of any since.

grant1simons2
IDS Center
Posts: 4289
Joined: February 8th, 2014, 11:33 pm
Location: Marcy-Holmes

Re: Portland Tower - 516 S. 8th St.

Postby grant1simons2 » March 30th, 2015, 11:25 am

Be the Match in North Loop had it. Maybe it's a geographical thing?

struct100
Block E
Posts: 9
Joined: October 18th, 2013, 12:32 pm

Re: Portland Tower - 516 S. 8th St.

Postby struct100 » March 30th, 2015, 11:32 am

Driven piles are used for building on poor soil conditions, where the soil is too weak to support spread footings. Most downtown projects are digging out 3 stories of parking below grade. At that point you are near bedrock, if not right on top of it, so the foundation will either be spread footings or caissons drilled into bedrock.

The caissons here are being drilled from grade down into bedrock. Most likely, the structure being supported above is outside of the parking level footprint.

MNdible
is great.
Posts: 5797
Joined: June 8th, 2012, 8:14 pm
Location: Minneapolis

Re: Portland Tower - 516 S. 8th St.

Postby MNdible » March 30th, 2015, 11:33 am

My sense is that if you have good soils and bedrock at shallow elevations, as is the case in most of downtown, then caissons or even straight excavation to bedrock (which would require sheet piles to retain earth) is your best bet. In the Bassett Creek valley (which encompasses a good chunk of the North Loop), you're likely to encounter terrible soils, and so pile driving is probably necessary to get the bearing capacity you'd need.

[What Struct said above.]

bapster2006
Foshay Tower
Posts: 934
Joined: November 17th, 2012, 6:53 pm

Re: Portland Tower - 516 S. 8th St.

Postby bapster2006 » March 30th, 2015, 3:36 pm

20 of 110 units reserved.

User avatar
TommyT
Target Field
Posts: 572
Joined: August 13th, 2013, 9:21 am

Re: Portland Tower - 516 S. 8th St.

Postby TommyT » March 30th, 2015, 3:40 pm

That's kind of insane, is it not? Just goes to show that there is actually a need for new condo developments.

MNdible
is great.
Posts: 5797
Joined: June 8th, 2012, 8:14 pm
Location: Minneapolis

Re: Portland Tower - 516 S. 8th St.

Postby MNdible » March 30th, 2015, 3:43 pm

Kind of insane.

But not insane like this.

Enrique612
Block E
Posts: 20
Joined: March 13th, 2015, 7:21 pm

Re: Portland Tower - 516 S. 8th St.

Postby Enrique612 » March 30th, 2015, 6:12 pm

Here's another article about it, most of these condos will be going for close to $300K.

http://www.journalmpls.com/news-feed/po ... aks-ground


Return to “Minneapolis - Downtown”

Who is online

Users browsing this forum: No registered users and 2 guests