Thrivent Headquarters Block - 6th St and Portland Ave

Downtown - North Loop - Mill District - Elliot Park - Loring Park
mattaudio
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby mattaudio » June 8th, 2018, 10:50 am

I thought I saw some sort of backhoe in the NE corner of the lot digging away on Wednesday afternoon.

Anyways, I'm not wild about the giant alleyway through the middle of the block. These are becoming way too common, and they dilute the already miniscule street-activating presence of downtown land uses. This is still a huge improvement, but that's my main gripe compared to the type of development you'd see a little closer to the downtown core. It's not like the block will be ringed with a dozen storefronts or something.

SurlyLHT
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby SurlyLHT » June 8th, 2018, 11:28 am

I think the backhoe was for taking down the billboard. I saw them taking it down a couple days ago.

amiller92
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby amiller92 » June 8th, 2018, 11:34 am

Status update: there's currently a parked backhoe and some stored jersey barriers in the northeast corner. If there's any actual activity, it's in the extreme southwest corner that I can't see (i.e., I don't think there's any activity).

MinnMonkey
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby MinnMonkey » June 8th, 2018, 4:50 pm

I have noticed all 3 of their lots have been closed this week. The full block, the half block by their current building and the quarter block next to the Sexton building.

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Silophant
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby Silophant » June 8th, 2018, 6:13 pm

Huh. I thought the point of the parking ramp on their current block was that it was to be done and parkable before they closed down the full block lot, to prevent employee parking disruption.

amiller92
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby amiller92 » June 12th, 2018, 12:12 pm

They were putting jersey barriers up around the full block this afternoon and there's a Reuter Walton trailer on the half block, which has chain link around half of the lot too.

phop
Nicollet Mall
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby phop » June 12th, 2018, 12:49 pm

The ramp/apartments project on the half-block has apparently broken ground:

https://finance-commerce.com/2018/06/he ... partments/

MNdible
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby MNdible » August 8th, 2018, 9:20 am

From this article:
Sherman Associates had struck a deal with Thrivent Financial to develop half of its block headquarters in Downtown East with an apartment tower and hotel, but Sherman has pulled out of the project due to rising construction costs, higher interest rates and more conservative lending. Thrivent is now inviting other developers to share their ideas for the site, the company said.

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VacantLuxuries
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby VacantLuxuries » August 8th, 2018, 10:12 am

"When does this end?"

Hopefully with projects deep into construction on the remaining block-sized surface lots downtown so the next cycle doesn't have as much low hanging fruit to work with.

minntransplant
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby minntransplant » August 8th, 2018, 12:27 pm

Haven't people been asking that question the past 3-4 years? Unless the economy goes into a deep recession, I doubt there will be a sustained downturn in the level of development that's been happening. There are plenty of national developers that have the cash to keep things moving. High construction costs aren't going away anytime soon (but I think this will lead to more innovation). The fact we've seen new players enter our market in recent years is a healthy sign as well. We have reached a point where downtown Minneapolis is ~that~ popular to support a couple projects every year despite what the vacancy rate looks like or how the economy is performing overall.

HiawathaGuy
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby HiawathaGuy » August 8th, 2018, 1:16 pm

minntransplant wrote:
August 8th, 2018, 12:27 pm
Haven't people been asking that question the past 3-4 years? Unless the economy goes into a deep recession, I doubt there will be a sustained downturn in the level of development that's been happening. There are plenty of national developers that have the cash to keep things moving. High construction costs aren't going away anytime soon (but I think this will lead to more innovation). The fact we've seen new players enter our market in recent years is a healthy sign as well. We have reached a point where downtown Minneapolis is ~that~ popular to support a couple projects every year despite what the vacancy rate looks like or how the economy is performing overall.
I couldn't agree more! I thought that headline was pretty dumb.

Minneapolis has had $1 Billion+ in development every year for the past 6 years now. Sometimes it feels like people think Minneapolis is some sleepy hobunk town in western Montana... We're growing faster than most all midwestern cities, we have one of the lowest unemployment rates for a metro area in the nation, we have a highly educated workforce, etc. etc. etc. There are many reasons people are moving here, and unless the economy falls to shambles, things aren't likely to change.

Oreos&Milk
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby Oreos&Milk » August 10th, 2018, 8:44 am

SurlyLHT wrote:
June 7th, 2018, 12:03 pm
Captured.JPGPacket http://minneapolismn.gov/www/groups/pub ... 211556.pdf

It's sort of weird that one of the models shows the Thrivent HQ as taller?
attachment=0]CaptureE.JPG[/attachment][
So many 1 bedrooms and Studio's in a building with a daycare? Just seems childish, with no room to grow. :lol: :roll:

HiawathaGuy
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby HiawathaGuy » August 10th, 2018, 9:02 am

Oreos&Milk wrote:
August 10th, 2018, 8:44 am
SurlyLHT wrote:
June 7th, 2018, 12:03 pm
Captured.JPGPacket http://minneapolismn.gov/www/groups/pub ... 211556.pdf

It's sort of weird that one of the models shows the Thrivent HQ as taller?
attachment=0]CaptureE.JPG[/attachment][
So many 1 bedrooms and Studio's in a building with a daycare? Just seems childish, with no room to grow. :lol: :roll:
Doesn't really matter anymore though, as they apartment/hotel portion of the project is currently not happening as planned. Perhaps the next developer will be more thoughtful.

mattaudio
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby mattaudio » October 16th, 2018, 12:48 pm

We're up to four tower cranes between the two Thrivent blocks.

zlkahn
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby zlkahn » October 19th, 2018, 12:45 pm

Image
Image

Oreos&Milk
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Re: Thrivent Headquarters Block - 6th St and Portland Ave

Postby Oreos&Milk » October 21st, 2018, 10:29 pm

Nice, picture of all the cranes. Almost makes ya forget those cranes are a good x2 the height this building would every be even with a 40ft. flag pole on top.. lul.


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