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Wells Fargo Redevelopment - 801 Portland - 16 stories - 180'

Posted: April 12th, 2018, 1:55 pm
by pjohnt
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

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 12th, 2018, 2:22 pm
by dajazz
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.

Re: Downtown Minneapolis General Topics & Development Map

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

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

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 12th, 2018, 2:34 pm
by dajazz
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.

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 13th, 2018, 4:17 pm
by bapster2006
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.

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 16th, 2018, 1:31 pm
by Silophant
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.

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 16th, 2018, 1:47 pm
by VacantLuxuries
At least we had low expectations from the start

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 16th, 2018, 3:20 pm
by grant1simons2
Ban 5+1 downtown

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 16th, 2018, 3:30 pm
by nstudenski
“That is what we are proposing, but we have a long way to go,” he said.

At least they're self-aware.

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 16th, 2018, 4:05 pm
by rhettcarlson
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.

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 16th, 2018, 4:12 pm
by MNdible
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.

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 16th, 2018, 5:35 pm
by jtoemke
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?

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 17th, 2018, 8:31 am
by Qhaberl
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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Re: Downtown Minneapolis General Topics & Development Map

Posted: April 17th, 2018, 8:36 am
by MattW
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?

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 17th, 2018, 9:18 am
by Multimodal
Isn’t Paris virtually all 6-story buildings? It’s a nice size before you get to a tower.

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 17th, 2018, 11:27 am
by nstudenski
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.

Re: Downtown Minneapolis General Topics & Development Map

Posted: April 17th, 2018, 1:43 pm
by minntransplant
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.

Re: Downtown Minneapolis General Topics & Development Map

Posted: June 21st, 2018, 8:57 pm
by grant1simons2
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

Re: Downtown Minneapolis General Topics & Development Map

Posted: June 21st, 2018, 9:32 pm
by bapster2006
Excellent. Development on both sides of the road.

Re: Wells Fargo Redevelopment - 801 Portland

Posted: June 22nd, 2018, 6:30 am
by Silophant
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.