- Iron Clad
Minneapolis-based Graves Hospitality has submitted new plans for its hotel and apartment project, now dubbed “Iron Clad,” in Downtown East near U.S. Bank Stadium. The preliminary plans, submitted to the Planning Commission Committee of the Whole, show a 153-room Marriott Moxy hotel and 166 market-rate apartments. The mixed-use project, consisting of an eight-story hotel, a 15-story apartment and a four-story office building, would also have roughly 30,000 square feet of office space and 15,000 square feet of retail space. The project also features a rooftop sign on the apartment building for the Moxy hotel, which is part of Marriott’s growing line of hip hotels.
200 Central Ave. SE
- 200 Central
Alatus’ 40-story condo tower project is now back on track now that the City Council’s Zoning & Planning Committee has denied a petition for an environmental assessment worksheet. A resident group dubbed Neighbors for East Bank Livability filed the petition in April due to the project’s size and inconsistencies with zoning and historic frameworks. The project, which has been in the planning stages for nearly two years now, currently consists of 207 condominiums. It would be located in the St. Anthony Falls Historic District on the site of the Washburn-McReavy Funeral Home and St. Anthony Athletic Club, which Alatus purchased last year.
212 3rd Ave. N.
The Excelsior Group
- Colonial Warehouse Building
CBRE Capital Markets announced that it has sold the historic Colonial Warehouse building in the North Loop to a JV Partnership including The Excelsior Group. The five-story retail and office building was 87 percent leased at the time of the sale. The 203,000-square-foot building is home to notable tenants like high-end menswear store MartinPatrick3, the new Flirt Boutique and Grethen House. The Minneapolis-based Capital Markets team sold the building on behalf of a private owner.
- Washington Square
Minneapolis-based tech company Code42 announced that it is relocating from its home in southeast Minneapolis to the 22-story Washington Square building in downtown Minneapolis. The company will join JAMF Software, another locally headquartered tech company, in the newly renovated office tower. Code42 backed out of anchoring the MoZaic East development in Uptown in late 2014. The quickly growing software company is based in the Nicollet Island-East Bank neighborhood on Main Street.
900 5th St. S.
Minnesota Sports Facilities Authority
- U.S. Bank Stadium
The team behind U.S. Bank Stadium is clearing the last remnants of the Metrodome from the City of Minneapolis over the next couple months by taking down highway signs that still bear the late venue’s name. The $1.1 billion stadium is roughly 95 percent complete as the hiring begins at the new home of the Minnesota Vikings. The U.S. Bank Stadium is looking for more than 2,500 part-time employees to serve as the face of the stadium’s hospitality when it opens this summer. The Minnesota Sports Facilities Authority will also be offering free public tours of the stadium July 23-24 with tickets on the way in the coming weeks.
City of Minneapolis
- Nicollet Mall
After a high bid surprised the City of Minneapolis, a redesigned Nicollet Mall overhaul has garnered five new bids closer to the city’s expected budget. The City Council is now considering the lowest bid, nearly $29 million from Meyer Contracting, to get the project back on track. City officials expect to break ground on the paving work early this summer with a substantial completion in November 2017 and completion in May 2018. The $50 million overhaul has already secured $21.5 million in state bonding and $3.5 million from the City of Minneapolis. The rest will come from an assessment on downtown area property owners.
1730 Clifton Pl.
- Episcopal Commons
St. Paul-based Episcopal Homes is not moving forward with a senior housing complex in Loring Park that would have brought in substantially more parking for St. Mark’s Episcopal Church. Marvin Plakut, president and CEO of the nonprofit developer, told The Journal that they couldn’t raise enough equity for the four-story project that would have also included church office and retail spaces. Episcopal Church of Minnesota, a partner with the project, owns the land and the office building currently on the site.
513 S. 3rd St
- Millwright Building
Ryan Companies broke ground on its new headquarters building, dubbed the Millwright Building, on April 25. The four-story building adjoins one of the new Wells Fargo towers across Portland Avenue from the new Radisson Red hotel, another part of the developer’s Downtown East development. The developer expects the 172,000-square-foot building near Portland & 4th to be completed in the spring of 2017. Ryan Companies will occupy about 65,000 square feet of the multi-tenant building.
205 Park Ave. S.
City of Minneapolis
- 205 Park
The City of Minneapolis is seeking development proposals for a surface parking lot near the Guthrie Theater near the east side of downtown Minneapolis. The city’s goals for 205 Park Ave. S. include a maximizing of the site’s development potential, a preference for residential use (either ownership or rental) with long-term affordability and maximizing ground-floor retail, including a restaurant that serves breakfast. Proposals are due June 10. The roughly 36,000-square-foot parcel has operated as a surface lot since the city purchased it intending it for development.
525 S. 8th St.
- Kraus-Anderson headquarters
Kraus-Anderson hosted an official groundbreaking ceremony April 28 for its full-block development in Elliot Park. Once completed, the entire project will consist of the developer’s new five-story headquarters, a 17-story apartment building with 307 units and an eight-story hotel with 158 rooms. The project will also include a brewery, a restaurant, event and office spaces for Finnegans and the nonprofit’s FINNovation Lab. A spokesman with the developer said the headquarters is expected to open in the fall of 2017. Kraus-Anderson, which has been headquartered downtown since 1897, will temporarily relocate to Northeast Minneapolis during construction.