The Development Tracker follows construction projects around downtown and Northeast Minneapolis
Graze Food Hall
525 3rd St. N.
Derived Development Group
A proposal for a food hall in the North Loop is taking shape. The City Planning Commission voted May 21 to approve applications related to the Graze Food Hall, a two-story food and beverage hall that would complete the block home to Bookmen Stacks and Bookmen Lofts. The roughly 14,000-square-foot low-rise building would have a ground-level coffee bar, a half-dozen kitchen spaces, indoor dining areas, two bars and a rooftop patio. The ESG Architects-designed project, which would be constructed above underground parking for nearby residents, features no vehicle parking and 21 bike parking stalls.
501, 517 and 529 6th St. S.
Thrivent is a step closer to constructing its new corporate office building in downtown Minneapolis. The City Planning Commission voted to approve via its consent agenda a proposal from the financial firm and its architect, HGA Architects, to construct an eight-story office building on a 409-stall surface lot a block east from its current office building. The roughly 264,000-square-foot building would take up the north section of the block bounded by 6th and 7th streets and 5th and Portland avenues. The building would have a coffee shop, chapel and credit union, along with two levels of underground parking for office and future hotel and residential users. Sherman Associates is planning two buildings, a 150-unit, roughly 12-story apartment building and a 120-room, nine-story hotel for the rest of the block.
1717 Central Apts
1717 Central Ave. NE
Master Properties is planning a five-story residential building across the street from the Thorp Building in Northeast Minneapolis. The mixed-use building, proposed to replace a large surface parking lot south of 18th Street along Central Avenue, would feature 80 apartments and 13,000 square feet of commercial space. It would displace a one-story building originally built as a fast-food restaurant that is currently being used as an early childhood learning center. The developer continued plans to the June 11 meeting of the City Planning Commission to work out possible changes to the project’s vehicle access.
12th Street Apts
228 12th St. S.
The City Planning Commission continued Alatus’ proposal for a 32-story apartment tower near the Minneapolis Convention Center to a June 11 meeting. Plans for the Minneapolis-based developer’s mixed-use tower proposal first surfaced last fall and have been refined since. The current version of the project calls for a 348-foot tower with 357 apartments and 20,000 square feet of commercial space spread across the ground and skyway levels. The building, proposed to replace a long-vacant church building on the block home to the historic Ivy Tower and Hotel Ivy, would be connected to the skyway system over 12th Street to the Convention Center and over 2nd Avenue to a parking garage.
1100 S. Marquette Ave.
City of Minneapolis
The City of Minneapolis has closed Peavey Plaza for the next year as the 1970s-era sunken plaza sees a major overhaul. The $10 million project, funded through city, state and philanthropic sources, will add new wheelchair-accessible entrance ramps, repair the plaza’s fountain and make Peavey Plaza better able to host events, city leaders said at a press conference in mid-May. Once reopened in the summer of 2019, Peavey Plaza will have a more sustainable fountain with a basin capable of retaining about a quarter-inch of water, serving as a reflection pool.
Lakeside Self Storage
434 Lakeside Ave.
Jacobs Management Corp.
The City Planning Commission has approved a site plan review for a proposed self-storage facility in the West Loop side of the North Loop neighborhood. Jacobs Management Corp. is planning to convert an approximately 48,000-square-foot warehouse building into a new storage business, according to plans submitted to the commission. The applicant plans to build a two-story, 33,000-square-foot addition to the 1961 building, known for tenants Litin’s Party Value and Accent Store Fixtures. The project calls for replacing the building’s exterior façade with metal paneling, burnished brick and rock face block. The plans note construction is slated to begin this fall and wrap up early next year.
560 6th Ave. N.
Metro Transit is making progress on the first phase of a $133 million expansion to its Heywood Campus on the west side of the North Loop. The organization is about a year into the construction of a Metro Transit Police Department headquarters. The $27.5 million project will replace a surface parking lot with a three-story building, which Metro Transit expects to be completed this winter. A second $106 million phase to add a new garage for buses is expected to begin next spring.
700 Nicollet Mall
Mid-America Real Estate Group has released marketing information on the retail spaces of the Dayton’s project, a historic rehabilitation of the former Macy’s building led by partners 601w Companies, Telos Group and United Properties. The materials show divisible retail spaces as large as 25,000 square feet in the basement level where the Dayton’s Food Hall & Market will be. The first level will have retail spaces with ceiling heights over 18 feet and storefronts along the popular corner of 7th & Nicollet. In total, the 1.2 million-square-foot Dayton’s Project is comprised of 850,000 square feet for offices and tenant amenities and 250,000 for retail tenants. Tricia Pitchford and Jesseka Doherty of the company’s Minnesota team are handling retail inquiries.
306 Oak Grove St.
Berkeley Holdings has sold Secombe Apartments in Loring Park for $3.1 million, according to a certificate of real estate value filed in Hennepin County. The four-level apartment building, purchased by LO1 LLC, was originally built in 1920 and features 27 units. The same LLC was responsible for the $5.45 million purchase of an apartment building at Franklin & Hennepin in the Lowry Hill East neighborhood in May.
Costco Business Center
3311 Broadway St. NE
Costco plans to open a Costco Business Center store in Northeast Minneapolis in June. The Washington-based company converted the 175,000-square-foot warehouse, which it bought for $8.3 million in 2016, into a store primarily designed for small business owners, though all Costco members can shop at the business center. The product selection will include office supplies, janitorial supplies, restaurant supplies and some office furniture.