Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Downtown - North Loop - Mill District - Elliot Park - Loring Park
HiawathaGuy
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby HiawathaGuy » October 9th, 2017, 3:08 pm

Large North Loop project gets some new developers
https://www.bizjournals.com/twincities/ ... opers.html
*LOCKED*

Synopsis:
The North Loop block has been divided in half, with a group of urban developers taking over part of the project that was originally led by Howard Bergerud.

Bergerud is still developing half of the project. His portion turns a surface parking lot into a six-story, 156-unit apartment building with 22,700 square feet of ground-floor commercial space.

He sold the rest of the site to John Gross, David Wilson and Andrew Commers for $4.7 million. That group, under the name Commutator LLC, will rehab the former Commutator Foundry Co. building and the building that previously housed Roe Wolf. A new, five-story office building would go up in between the two old structures. That part of the project will have 20,000 square feet of retail space and 60,000 square feet of "progressive, boutique office space," Wilson said.

Bergerud said he anticipated a January groundbreaking and a 14- to 16-month construction schedule.

grant1simons2
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby grant1simons2 » October 9th, 2017, 4:08 pm

So there's 42,700 sq ft of retail opening up in North Loop? :o

5th Ave Guy
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby 5th Ave Guy » October 10th, 2017, 7:00 am

Is the apartment building the same version along 2nd street?

HiawathaGuy
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby HiawathaGuy » October 10th, 2017, 7:54 am

5th Ave Guy wrote:
October 10th, 2017, 7:00 am
Is the apartment building the same version along 2nd street?
Yes, the article states that nothing with the designs has changed. Just ownership.

dajazz
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby dajazz » October 10th, 2017, 9:16 am

Part of the retail with the apartment will be the West Elm store/showroom. Hearing rumblings that the West Elm Hotel won't start work til spring 2018.

grant1simons2
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby grant1simons2 » October 10th, 2017, 9:31 am

They haven't even gone to the city to get approvals yet so that doesn't surprise me too much. They're the Azine Alley redevelopment that just go some DEED monies.

Also what the heck it just hit me we're getting a WEST ELM in NORTH LOOP. National brand not looking for a space outside of the downtown area. This is very good.

David Greene
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby David Greene » October 10th, 2017, 10:25 am

They're already in Edina...

grant1simons2
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby grant1simons2 » October 10th, 2017, 10:34 am

That was my whole point. Everytime a national brand comes in they look at Edina, St. Louis Park Uptown, etc. It's been years since someone who already has a presence in our burbs has chosen to go downtown. Someone who isn't an outlet.

amiller92
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby amiller92 » October 10th, 2017, 10:46 am

Sports Authority, but that didn't work out so well. Walgreens but drugs stores go everywhere. Target but it's Target. Whole Foods and L&B, but groceries also go everywhere.

Yeah, West Elm to North Loop is pretty cool. The area kind of seems ripe for some Patagonia and the like too.

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alexschief
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby alexschief » October 10th, 2017, 3:15 pm

This development is tremendously exciting. The quality of the vision matches the importance of the location.

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Nathan
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby Nathan » November 14th, 2017, 7:31 am

They have put up construction fence around about a quarter of the block! I hope that means this is in the way!

David Greene
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby David Greene » November 14th, 2017, 9:38 am

This may be my favorite upcoming development in the whole metro!

dajazz
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby dajazz » November 14th, 2017, 1:43 pm

The mixed use development on the surface lot cleared the HPC last week:

http://www.minneapolismn.gov/www/groups ... 205959.pdf

Seth
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby Seth » November 14th, 2017, 2:08 pm

That courtyard looks lovely. Reminds me a bit of what the initial intent was for Nicollet mall before it went all concrete.

Elsinore99
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby Elsinore99 » November 29th, 2017, 8:38 am

Dump trucks were lined up along 2nd Ave N and waiting to be filled with parking lot, which was being dug up when I left home at 7:45am. So...yay.

MNdible
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby MNdible » November 29th, 2017, 11:10 am

Sweet. Very hopeful this project (and it's related bits) comes together as nicely as the plans suggest.

bapster2006
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby bapster2006 » November 29th, 2017, 6:47 pm

Here is the planning commission packet for the residential portion:

http://www.minneapolismn.gov/www/groups ... 206883.pdf

rhettcarlson
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby rhettcarlson » November 29th, 2017, 11:25 pm

Really like the design here. It's clean and refined with a high percentage of brick. Minimal cheap metal paneling and a lack of the six-material, broken up, gaudy multicolored facade we see everywhere else in the city is a win. Very premium looking product.

grant1simons2
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby grant1simons2 » December 5th, 2017, 12:13 pm

http://www.ci.minneapolis.mn.us/www/gro ... 207039.pdf

Somewhat of an update on this. The documents really make me realize that they're basically building a mini mall on this block. I mean there's over 15 retail spaces with the apartments and this project? Hopefully going to spur something on Washington.

dajazz
Nicollet Mall
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Re: Foundry Mixed-Use Development - 115-125 1st St N, 128 2nd St N, 128 1st Av N

Postby dajazz » December 5th, 2017, 1:13 pm

Hopefully they're able to fill all the retail openings. I'm still waiting for the Maverick to lease their open spot next to Whole Foods.

On a related note the apartment/mixed-use portion cleared the Planning Commission last night.


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