Minneapolis has issued a Request For Proposals (RFP) for a 30,000-square-foot triangular lot at the corner of 14th Avenue NE and Central Avenue NE.
The lot, located at 1401 Central Ave. NE, is an open field bordered by railroad tracks and is zoned I-1, or light industrial. The Central Avenue Small Area Plan recommends combining “industrial land use with commercial and mixed-uses...to offer opportunities for an arts presence" at the site. The property lies on the eastern border of the Northeast Minneapolis Arts District.
Ward 1 City Council Member Kevin Reich singled out the revitalization of Central Avenue as one of the ward's most positive developments in 2013 in his December newsletter.
"I fully expect this trend to continue into 2014 as more and more businesses and companies discover the vitality of our community," wrote Reich.
The city's asking price is $206,900 and proposals are due Feb. 4. City staff hope to finalize the redevelopment contract and close on the sale over the summer.