Thrivent HQ & Moment apartments - 500 7th St & 650 Portland Ave

Downtown - North Loop - Mill District - Elliot Park - Loring Park
mattaudio
Stone Arch Bridge
Posts: 7752
Joined: June 19th, 2012, 2:04 pm
Location: NORI: NOrth of RIchfield

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
Wells Fargo Center
Posts: 1262
Joined: February 21st, 2017, 3:50 pm

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
Wells Fargo Center
Posts: 1983
Joined: October 31st, 2014, 12:50 pm

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
Landmark Center
Posts: 216
Joined: July 6th, 2012, 11:31 am

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.

Sent from my Pixel 2 XL using Tapatalk


Silophant
Moderator
Posts: 4470
Joined: June 20th, 2012, 4:33 pm
Location: Whimsical NE

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.
Joey Senkyr
[email protected]

amiller92
Wells Fargo Center
Posts: 1983
Joined: October 31st, 2014, 12:50 pm

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
Landmark Center
Posts: 207
Joined: May 28th, 2013, 8:58 pm
Location: Minneapolis

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
is great.
Posts: 5989
Joined: June 8th, 2012, 8:14 pm
Location: Minneapolis

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.

User avatar
VacantLuxuries
Foshay Tower
Posts: 973
Joined: February 20th, 2015, 12:38 pm

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
Nicollet Mall
Posts: 176
Joined: June 1st, 2012, 7:44 pm

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
Wells Fargo Center
Posts: 1636
Joined: June 4th, 2012, 12:03 pm

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

Postby HiawathaGuy » August 8th, 2018, 1:16 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
Landmark Center
Posts: 250
Joined: February 11th, 2018, 11:51 am

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

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

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
Wells Fargo Center
Posts: 1636
Joined: June 4th, 2012, 12:03 pm

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

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

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
Stone Arch Bridge
Posts: 7752
Joined: June 19th, 2012, 2:04 pm
Location: NORI: NOrth of RIchfield

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.

User avatar
zlkahn
Metrodome
Posts: 58
Joined: April 10th, 2013, 12:14 pm
Location: Kenny

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

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

Image
Image

Oreos&Milk
Landmark Center
Posts: 250
Joined: February 11th, 2018, 11:51 am

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.

bapster2006
Foshay Tower
Posts: 913
Joined: November 17th, 2012, 6:53 pm

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

Postby bapster2006 » April 21st, 2019, 12:05 pm

Both Thrivent blocks and the crane for the city office building.

ImageThrivent blocks development Minneapolis 4-21-19 by Matt Bappe, on Flickr

Qhaberl
Foshay Tower
Posts: 855
Joined: February 25th, 2016, 9:51 am

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

Postby Qhaberl » April 23rd, 2019, 6:38 am

Have they figured out what’s going to be built on the southern portion of the driving book yet? The part of the block not currently occupied by the new headquarter building.


Sent from my iPhone using Tapatalk

MattW
Rice Park
Posts: 441
Joined: June 13th, 2015, 5:05 pm

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

Postby MattW » April 23rd, 2019, 8:19 am

Have they figured out what’s going to be built on the southern portion of the driving book yet? The part of the block not currently occupied by the new headquarter building.


Sent from my iPhone using Tapatalk
Literally on the previous page.
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][

User avatar
Nathan
Capella Tower
Posts: 3695
Joined: June 1st, 2012, 10:42 am

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

Postby Nathan » April 23rd, 2019, 8:32 am

Literally on this page.
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.
I haven't heard about any sort of replacement development for the other half of the block yet.


Who is online

Users browsing this forum: Google [Bot] and 52 guests