Each issue the Development Tracker follows construction projects around downtown and Northeast Minneapolis.
Artic Cat headquarters
500 N. 3rd St.
Arctic Cat has completed its move into the North Loop neighborhood’s historic Western Container building, according to a release. The snowmobile and ATV manufacturer announced last summer that it would be working with owner Swervo Development to renovate the six-story building at 5th & 3rd for a new headquarters. The 108-year-old building offers about 55,000 square feet of office space, five times more than the company’s previous facility. The recreational vehicle brand originally announced the building would eventually be home to between 150 and 200 employees. The company’s manufacturing operations in Thief River Falls and St. Cloud won’t be affected with the new office.
“Our new location enables us to bring our leadership team and critical corporate functions together in one space, to better meet the needs of the business going forward. It also reflects the spirit and ingenuity of Arctic Cat’s iconic brand,” said Christopher Metz, president and CEO, in a statement.
205 Park Ave. S.
The City Council’s Community Development and Regulatory Services Committee has approved a staff recommendation to award Sherman Associates exclusive negotiation rights to develop one of the last developable parcels in the Mill District. The city received two proposals for the land at 205 Park Ave. S., located just a few blocks from U.S. Bank Stadium. The selected proposal from downtown-based Sherman features a six-story apartment building with 115 units, including 20 percent or 23 units of affordable housing, and four two-story townhomes for a development cost of $36 million. It also includes restaurant and bakery concepts from restaurateur Kim Bartmann, a police substation, a Bank of America ATM and a pet relief area. The developer offered to buy the land for $3.25 million, or about $90 per square foot. The city has owned the parcel, currently a surface parking lot, since 1992.
East End Apartments
700 3rd St. S.
Sherman Associates broke ground Aug. 24 on its East End Apartment project, a mixed-use project in Downtown East that will include the city’s first Trader Joe’s grocery store. The $57 million project features an approximately seven-story apartment building with 180 units and nearly 20,000 square feet of retail space. On the main level, the project at Washington & Chicago will have a grocery store and liquor store from the California-based grocer, along with a Jimmy John’s restaurant. The East End project is part of a multi-faceted full-block project from the developer, which is also planning a transformation of the adjacent Thresher Square into a hotel with an undisclosed partner.
12 6th St. S.
Embassy Suites by Hilton is listing its new location at Hennepin & 6th in downtown Minneapolis will open in September. The historic 12-story Plymouth Building has been transformed into the 290-room hotel, which includes a lobby bar and is connected to the Lyon’s Pub. The Embassy Suites hotel also features a heated indoor pool, a 2,000-square-foot fitness center and 15,000 square feet of meeting and event space.
511 4th St. S.
The three Edition apartment buildings from Ryan Cos. near U.S. Bank Stadium have officially opened. The boutique apartment project includes the 510 and 640 buildings in front of the two new Wells Fargo towers and the 511 building on the western edge of the Commons park, totaling nearly 200 units. The developer named the project for the former Star Tribune buildings on the site, which were demolished to make way for Edition, the Commons and the two 17-story Wells Fargo towers.
12-18 W. 15th St.
CPM Companies is proposing a new 75-unit apartment building in the Loring Park neighborhood. The Minneapolis-based developer is looking to build a six-story building on two surface lots across from the 19 Bar on 15th Street, according to preliminary plans submitted to the City Planning Commission Committee of the Whole. The project features a majority of “junior bedroom” units that CPM is also building in its Spectrum Apartments & Townhomes project in Marcy-Holmes. The remaining 20 units would be two-bedroom apartments. The proposal features 34 enclosed parking stalls for cars, a total of 65 spaces for bikes and an outdoor amenity deck on the roof. Daniel Oberpriller, principal with CPM, said they’re looking to break ground by the end of the year.
721 1st St. N.
Solhem Companies has broken ground on an approximately six-story apartment building in the North Loop across from the Itasca buildings. Developer Curt Gunsbury is replacing a surface lot with a 124-unit building with about 220 parking spaces for both residents and his office tenants across the street. Solhem Companies, a prolific developer in the neighborhood, is also behind the Nolo Flats, Soltva and Solhavn buildings. The project, which has been in the works since at least January, recently provoked the ire of some Itasca residents and the nearby Acme Comedy Club, which opposed developing the 120-stall lot because it may affect business.
Upper Harbor Terminal
Mississippi riverfront between Lowry and Dowling avenues
City of Minneapolis
The Minneapolis Park and Recreation Board and City of Minneapolis are looking for a development partner to transform the 48-acre Upper Harbor Terminal site in North Minneapolis into a destination with a new park and private development. The city issued a request for qualifications in early August for the projects’ first phase, which involve the site’s northern half. Responses are due by Oct. 14. The City Council and Park Board expect to announce their selection by early 2017.
700 Nicollet Mall
Macy’s has announced it will be closing approximately 100 full-line stores around the country. Most of the stores, which represent about 15 percent of all Macy’s full-line locations, will be shutdown in early 2017, the retailer said. The company said it will continue to examine opportunities for its large downtown flagship stores, including the one on Nicollet Mall in downtown Minneapolis, and explore possible joint ventures with development partners across its real estate portfolio. It’s unclear if the closings will affect the Macy’s nearby stores in Rosedale Center, Ridgedale Center, Southdale Center or the Mall of America.
1101 LaSalle Ave.
New Orleans-based HRI Properties announced its has acquired the DoubleTree Suites by Hilton Hotel Minneapolis at LaSalle & 11th. The 229-room hotel, located six blocks away from HRI’s soon-to-open Embassy Suites by Hilton Minneapolis Downtown, will see a $3.5 million renovation project starting in early 2017. DoubleTree Suites features a Lot 57 Restaurant & Lounge, a Starbucks café, a fitness center and nearly 1,200 square feet of flexible meeting space.