University of Minnesota - General Topics

Northeast, Near North, Camden, Old St. Anthony, University and surrounding neighborhoods
Silophant
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Re: University of Minnesota - General Topics

Postby Silophant » April 28th, 2020, 8:39 am

The University just bought the strange hexagonal "TV building" adjacent to Prospect Park station, to be used as office space for staff displaced by other construction projects. The deal includes the adjacent ramp and that last undeveloped surface lot between 4th St and the LRT tracks. I can't see them demoing the ramp anytime soon, alas, but hopefully they sell off the surface lot for redevelopment sooner rather than later.
Locked BizJournals article

seanrichardryan
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Re: University of Minnesota - General Topics

Postby seanrichardryan » April 28th, 2020, 9:55 am

Unlocked F & C article- https://finance-commerce.com/2020/04/un ... ing-space/
Regent Thomas Anderson said he sees the U of M going “to the south and east and up University [Avenue]” when it comes to acquiring property.

“If we could print our own money, we’d be buying all this property,” Anderson said.
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HiawathaGuy
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Re: University of Minnesota - General Topics

Postby HiawathaGuy » April 28th, 2020, 10:02 am

Silophant wrote:
April 28th, 2020, 8:39 am
The University just bought the strange hexagonal "TV building" adjacent to Prospect Park station, to be used as office space for staff displaced by other construction projects. The deal includes the adjacent ramp and that last undeveloped surface lot between 4th St and the LRT tracks. I can't see them demoing the ramp anytime soon, alas, but hopefully they sell off the surface lot for redevelopment sooner rather than later.
Locked BizJournals article
What surface lot are you talking about, the one just to the south of the ramp and east of the building??? Doubt that can be developed. The yellow is the property line and the red oval is the lot to the east.
Image

alexschief
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Re: University of Minnesota - General Topics

Postby alexschief » April 28th, 2020, 10:08 am

Highest and best use: food truck corral.

seanrichardryan
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Re: University of Minnesota - General Topics

Postby seanrichardryan » April 28th, 2020, 11:00 am

It's the parking lot across 4th, between two apartment buildings across from thr University Garden lot.
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seanrichardryan
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Re: University of Minnesota - General Topics

Postby seanrichardryan » April 28th, 2020, 11:02 am

This one- Image
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Anondson
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Re: University of Minnesota - General Topics

Postby Anondson » April 28th, 2020, 11:45 am

When does property purchased by the University of Minnesota get removed from tax rolls?

HiawathaGuy
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Re: University of Minnesota - General Topics

Postby HiawathaGuy » April 28th, 2020, 12:36 pm

seanrichardryan wrote:
April 28th, 2020, 11:02 am
This one- Image
Ah, well that one is already owned by the University of Minnesota - so perhaps with this new purchase, they'll be inclined to sell this last surface lot to a developer?

Didier
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Re: University of Minnesota - General Topics

Postby Didier » April 28th, 2020, 4:21 pm

The dream scenario would be redeveloping the parking ramp. Besides it being a parking ramp, this one is particularly ugly while also on a particularly promising corner.

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Re: University of Minnesota - General Topics

Postby alexschief » April 29th, 2020, 7:05 am

Didier wrote:
April 28th, 2020, 4:21 pm
The dream scenario would be redeveloping the parking ramp. Besides it being a parking ramp, this one is particularly ugly while also on a particularly promising corner.
It's probably one of the top five worst parking ramps in the city.

It would be wonderful if the University were a leading force in their corner of the city for redevelopment that promotes density, reduces car-dependency, and raises the bar on urban design. Unfortunately the U's past forays into development have often been as backwards-looking as not, so I don't have high hopes with this one.

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Re: University of Minnesota - General Topics

Postby Silophant » May 12th, 2020, 2:51 pm

In "University continues to gobble up the East Bank because, hey, why not?" news, the owner of the five-building Classic City Apartments complex at Huron and Essex has been marketing it nationally for sale, and the U, concerned that it's zoned Transit 30 and thus might get a significant development, is looking at swooping it and buying it to maybe build clinics or something on in the future. The University will then "determine whether to maintain it as housing or transition to parking".

Details start on page 190 of this tremendous pdf.

Also, they're trying to sell the UMore Park property in Rosemount again.

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Re: University of Minnesota - General Topics

Postby HKM » May 13th, 2020, 9:14 am

Silophant wrote:
May 12th, 2020, 2:51 pm
In "University continues to gobble up the East Bank because, hey, why not?" news, the owner of the five-building Classic City Apartments complex at Huron and Essex has been marketing it nationally for sale, and the U, concerned that it's zoned Transit 30 and thus might get a significant development, is looking at swooping it and buying it to maybe build clinics or something on in the future. The University will then "determine whether to maintain it as housing or transition to parking".

Details start on page 190 of this tremendous pdf.

Also, they're trying to sell the UMore Park property in Rosemount again.

It's linked on page 28 but the Classic City property is part of the ($500 million) "Future Clinical Campus Project" on the map found here: https://www.mndaily.com/article/2020/01 ... pment-plan


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