Eric Best

Mortenson plans Northeast high-rise

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Northeast Minneapolis may see yet another residential tower proposal near Hennepin Avenue.

Golden Valley-based Mortenson Development is considering a 20- to 30-story mixed-use high-rise at 333 Hennepin Ave. E. on the site of a U.S. Bank.

The developer shared preliminary plans with the Nicollet Island/East Bank Neighborhood Association that includes a sizable tower development with ground-level retail, several levels of above-ground parking and approximately 250 market-rate rental units, NIEBNA President Victor Grambsch said. 

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