Each issue the Development Tracker follows construction projects around downtown and Northeast Minneapolis.
700 Central Ave. NE
Bader Development, Nolan Properties
A new residential project in the Marcy-Holmes and Nicollet Island-East Bank area is opening to residents on Dec. 1 following about a year of construction. Bader Development and Nolan Properties have redeveloped two warehouse buildings into the 700 Central project, which features 80 market-rate apartments between a four-story building and a seven-story building. The project will be home to the second location of The Bad Waitress and approximately 150 parking spaces for both residential and commercial tenants. Kaas Wilson Architects designed the development.
212 10th Ave. S.
The first residents of The Encore, a new luxury apartment building in the Mill District, will begin moving in this month. The Encore features 123 units, from three-bedroom penthouse apartments to multilevel townhomes with private entrances. It also has a 12th-story rooftop terrace with a catering kitchen, a second-floor clubroom with a bar and a large fitness center. The project is the developer’s final piece on the block after the Aloft Hotel and Zenith Condominiums.
Abiitan Mill City
428 S. 2nd St.
Non-profit developer Ecumen is opening a five-story senior housing project near the Mill District to its first residents on Dec. 15. Abiitan Mill City, located next door to the recently opened Mill City Quarter community, features 86 independent-living apartments, 37 of which have been reserved, and 48 memory-care units, which are now just going on the market, according to a spokesman with the developer. The building will be home to a fitness studio, salon and spa. Ecumen will operate a café and a restaurant in Abiitan that will both open Jan. 9.
Plymouth & Sibley
Minneapolis Park and Recreation Board
After a development proposal failed to pan out last year for a former lumberyard in Northeast Minneapolis, the Minneapolis Park and Recreation Board is back to the drawing board and looking for a new real estate developer for the site. Park commissioners voted last summer to deny giving Graco Minnesota Inc. exclusive development rights to nearly 3.6 acres of the 11.7-acre Scherer site along the river’s east bank after negotiations fell through. The deadline for the board’s new request for qualifications is Dec. 15. The site, which also includes Hall’s Island, spans an area just north of the Plymouth Avenue Bridge where the board recently opened an expansion of the Mississippi East Bank Trail.
200 Central Ave. SE
Neighbors for East Bank Livability announced in a Nov. 22 statement that the resident group has filed an injunction against Alatus in relation to its proposed 42-story development at Central & 2nd near the Southeast Minneapolis riverfront. The group contends that the City of Minneapolis’ approval of the project is an “extreme departure” from its own regulations. Earlier this year, the Heritage Preservation Commission denied a certificate of appropriateness to build the tower due to its height, but a City Council committee overturned the decision. The developer previously planned to begin construction on the project before the end of the year.
1321 5th Ave. S.
St. Paul Development Corp.
St. Paul Development Corp. is proposing to build a five-story apartment building with micro-units in the Elliot Park neighborhood. In mid-November the developer submitted preliminary plans to the City Planning Commission Committee of the Whole for The Aberdeen, a housing project with 50 units of market-rate apartments, 40 of which would be studio or micro-units that are between 388 square feet and 482 square feet. Nine one-bedroom apartments and a two-bedroom unit round out the proposal. Amenities would include a common area and kitchen, a fitness room and a rooftop terrace, according to the plans. Currently the site, located near the Interstate 35W entrance into downtown, is a parking lot.
Between Portland and 5th avenues between 8th and 9th streets
Kraus-Anderson is making progress on the construction of two parts of its full-block project in Elliot park as it prepares for the final two pieces. Earlier this fall, the Minneapolis-based developer topped out on its new five-story headquarters building and began work on the 17-story, 306-unit H.Q. apartment building. Approximately 80-100 people are working on the site, according to a November post from the developer. Construction on the remaining projects, a 165-room Luxury hotel called The Elliot and a Finnegans microbrewery, is scheduled to begin next April.
316 3rd Ave. N.
Texas-based Hines is preparing to open T3, a seven-story modern timber office building in the North Loop. The 224,000-square-foot project, whose name stands for timber, transit and technology, features a fitness studio called The Bar Method, 100 indoor bike parking spots, commons spaces and a fitness center for tenants. Michael Green Architecture of Vancouver and Minneapolis-based DLR Group designed the building. Hines also developed the nearby apartment project Dock Street Flats and has long-term plans to develop a larger mixed-use development on a lot between Target Field and the T3 building.
500 S. 6th St.
MacDonald & Mack Architects has submitted updated plans on behalf of Swervo Development regarding the developer’s proposal to turn the historic Minneapolis Armory building in Downtown East into an event center. Swervo is proposing to construct an elevator overrun and a new loading area and loading dock, according to plans submitted to the Heritage Preservation Commission for its Nov. 29 meeting, after this issue went to press. The developer is also planning to build a one-story addition with a rooftop deck along the building’s Portland Avenue side. Prior to the project, the 1936 building was used as a parking garage following several failed redevelopment efforts.
33 S. 6th St.
CBRE announced in November that HNA Holding Group, a subsidiary of Chinese conglomerate HNA Group, has purchased the City Center tower and complex. The sale, which closed Nov. 9, was for $315 million, a record for a single office asset sale in the city, according to a certificate of real estate value. San Francisco-based Shorenstein Properties bought the 51-story tower less than four years ago for $205.5 million. The deal translates to about $194.66 per square foot. City Center, built in 1983, features 1.2 million square feet of office space and nearly 275,000 square feet of retail space, according to CBRE. The property is 95 percent leased, mostly by Target.