Wells Fargo Redevelopment - 801 Portland

Downtown - North Loop - Mill District - Elliot Park - Loring Park
pjohnt
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Wells Fargo Redevelopment - 801 Portland

Postby pjohnt » April 12th, 2018, 1:55 pm

They did several core samples on the Wells Fargo parking lot on 8th between Portland and Park on Wednesday. Anyone want to speculate?

ImageIMG_9817 by Sarah und Phil

dajazz
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Re: Downtown Minneapolis General Topics & Development Map

Postby dajazz » April 12th, 2018, 2:22 pm

pjohnt wrote:
April 12th, 2018, 1:55 pm
They did several core samples on the Wells Fargo parking lot on 8th between Portland and Park on Wednesday. Anyone want to speculate?

ImageIMG_9817 by Sarah und Phil
I'm guessing the bank will be torn down and something 6-8 stories will be built in it's place. Sale will probably close in a few months so we might hear something official then.

grant1simons2
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Re: Downtown Minneapolis General Topics & Development Map

Postby grant1simons2 » April 12th, 2018, 2:28 pm

6-8 stories? That's just a guess right?

Cause you have both a guess and a statement in there.

dajazz
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Re: Downtown Minneapolis General Topics & Development Map

Postby dajazz » April 12th, 2018, 2:34 pm

grant1simons2 wrote:
April 12th, 2018, 2:28 pm
6-8 stories? That's just a guess right?

Cause you have both a guess and a statement in there.
6-8 stories is just a guess.

Timeline estimate is based on them doing core samples right now and where that, in my experience, falls during the acquisition of a property.

bapster2006
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Re: Downtown Minneapolis General Topics & Development Map

Postby bapster2006 » April 13th, 2018, 4:17 pm

Wells Fargo is working with ESG on a proposal for that site. Word on the street is that the bank building may stay for now. But I can provide more details next week.

Silophant
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Re: Downtown Minneapolis General Topics & Development Map

Postby Silophant » April 16th, 2018, 1:31 pm

It's apparently being built by K-A. They're proposing (hold on to your hats) a six-story stick-built apartment building with a WF branch in the base. (Locked)

Hooray.

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VacantLuxuries
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Re: Downtown Minneapolis General Topics & Development Map

Postby VacantLuxuries » April 16th, 2018, 1:47 pm

At least we had low expectations from the start

grant1simons2
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Re: Downtown Minneapolis General Topics & Development Map

Postby grant1simons2 » April 16th, 2018, 3:20 pm

Ban 5+1 downtown

nstudenski
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Re: Downtown Minneapolis General Topics & Development Map

Postby nstudenski » April 16th, 2018, 3:30 pm

“That is what we are proposing, but we have a long way to go,” he said.

At least they're self-aware.

rhettcarlson
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Re: Downtown Minneapolis General Topics & Development Map

Postby rhettcarlson » April 16th, 2018, 4:05 pm

Wonder what the likelihood of the City moving the ball on this one is. It is very early on, but that jump from 5+1 stick to 6 stories+ concrete is a big pill to swallow for developers... then again, they did it literally right across the street.

MNdible
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Re: Downtown Minneapolis General Topics & Development Map

Postby MNdible » April 16th, 2018, 4:12 pm

Not to mix metaphors, but in a case like this, the city likely has neither sticks nor carrots to convince a private developer building on privately owned land to build more than a 5+1.

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jtoemke
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Re: Downtown Minneapolis General Topics & Development Map

Postby jtoemke » April 16th, 2018, 5:35 pm

Let's focus on something positive - the goal of Portland becoming a residential spine is continuing. One less awful land use will be downtown. If the street frontage on this is awesome, it could be a great project. Walk up townhome units anyone?

Qhaberl
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Re: Downtown Minneapolis General Topics & Development Map

Postby Qhaberl » April 17th, 2018, 8:31 am

Just being honest. I’m just happy that we’re going to be getting more density. I don’t think everything needs to be a tall building. As long as it’s not a parking garage, parking lot, I’m OK with it.


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MattW
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Re: Downtown Minneapolis General Topics & Development Map

Postby MattW » April 17th, 2018, 8:36 am

jtoemke wrote:
April 16th, 2018, 5:35 pm
Let's focus on something positive - the goal of Portland becoming a residential spine is continuing. One less awful land use will be downtown. If the street frontage on this is awesome, it could be a great project. Walk up townhome units anyone?
That's what I was thinking when I ran down Portland yesterday afternoon. We for sure have one active use in the bank.

If we could get another good use on the opposite corner, I'd say we have a good development.

One thing that could flip this is if somehow WF retains their drive thru or parking lot in some form. What's the regulation on drive thru's downtown, and is it possible that WF will be grandfathered in somehow?

Multimodal
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Re: Downtown Minneapolis General Topics & Development Map

Postby Multimodal » April 17th, 2018, 9:18 am

Isn’t Paris virtually all 6-story buildings? It’s a nice size before you get to a tower.

nstudenski
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Re: Downtown Minneapolis General Topics & Development Map

Postby nstudenski » April 17th, 2018, 11:27 am

MattW wrote:
April 17th, 2018, 8:36 am
One thing that could flip this is if somehow WF retains their drive thru or parking lot in some form.
My thoughts as well. I can live with a smallish building, but I'm worried we'll get an updated suburban-style bank with some apartments on top.

minntransplant
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Re: Downtown Minneapolis General Topics & Development Map

Postby minntransplant » April 17th, 2018, 1:43 pm

A 6 story building seems to fit in with what's already built along 9th. Usually I want more height downtown, but this doesn't seem unreasonable. Also, would HCMC have any issues with a tower on this lot? Not sure if that would make it more difficult for helicopters.

grant1simons2
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Re: Downtown Minneapolis General Topics & Development Map

Postby grant1simons2 » June 21st, 2018, 8:57 pm

Silophant wrote:
April 16th, 2018, 1:31 pm
It's apparently being built by K-A. They're proposing (hold on to your hats) a six-story stick-built apartment building with a WF branch in the base. (Locked)

Hooray.
16 stories now

https://mspsocial.net/@t54r4n1/100245503159870273

bapster2006
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Re: Downtown Minneapolis General Topics & Development Map

Postby bapster2006 » June 21st, 2018, 9:32 pm

Excellent. Development on both sides of the road.

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Re: Wells Fargo Redevelopment - 801 Portland

Postby Silophant » June 22nd, 2018, 6:30 am

Yes, it should. This is a redevelopment of the Wells Fargo half-block lot on the south side of 8th St, between Park and Portland.


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