The Development Tracker follows construction projects around downtown and Northeast Minneapolis
30 S. 3rd St.
Minneapolis-based United Properties and San Diego-based JMI Realty have submitted the latest vision for their Gateway tower to the City Planning Commission Committee of the Whole for its mid-June meeting. The more than 1.1 million-square-foot building, proposed for the former Nicollet Hotel Block on the north end of Nicollet Mall, would be comprised of 485,000 square feet of office space, 310,000 square feet of hotel space (280 guest rooms), 115,600 square feet of luxury condominiums (50 units) and 212,000 square feet of parking (511 spaces). The building would be 36 stories, though technically 43 by the zoning code, at nearly 514 feet high. About 9,000 square feet of commercial space would primarily front Nicollet. So far, Four Seasons Hotels and Resorts and RBC Wealth Management have signed onto the project.
The plans note that the hotel and/or condominiums could be replaced with apartments in the case the original plan is “deemed unfeasible.” In that case, the development team would resubmit plans.
“In the event that the hotel component of the development is deemed unfeasible, an alternative plan will be resubmitted to the Committee in which the hotel and for sale condominium components of the development will be replaced with for rent multi-family residences,” a narrative in the plans note.
Solhem Central apts
701-705 Central Ave. NE
Curt Gunsbury’s Solhem Cos. is proposing to turn a used car lot in the Nicollet Island-East Bank neighborhood into a six-story apartment building, though it would technically be eight stories per the zoning code. The market-rate apartment building, proposed for a site at 7th & Central, would have 98 parking stalls and 200 bike parking stalls, according to a preliminary proposal slated for review before the City Planning Commission Committee of the Whole in mid-June. The unit mix includes walk-up units and a variety of alcove, one-bedroom and two-bedroom apartments with and without dens. If approved, the developer expects to break ground this fall and complete construction in the spring of 2020. As proposed, the project would require a conditional use permit for height (from four to eight stories).
315 1st Ave. NE
Lennar Multifamily Communities
Lennar Multifamily Communities will celebrate the full grand opening of its NordHaus at a June 21 ceremony. The 280 units inside the 20-story luxury apartment tower and surrounding podium have had a staggered opening since September when the lower-level units welcomed their first residents. People began moving into the tower, which has 12 high-end penthouse units, earlier this year. Lennar unveiled an updated vision for the second half of the former Superior Plating site with a mid-rise building with a heavier focus on residential users. ESG Architects is responsible for the designs of both projects.
120 5th St. NE
Lennar Multifamily Communities
As it opens NordHaus, Lennar Multifamily Communities is planning to develop the vacant lot remaining on the two-block site in Northeast Minneapolis. The project, simply titled “SP2” for the second phase of development on the former Superior Plating site, is shorter and more focused on apartments. Plans submitted to the City Planning Commission for its June 11 meeting call for a 12-story building with 207 units and a five-story building with 124 units, or 333 apartments combined. The complex would feature more than 8,000 square feet of commercial space and 293 parking spaces enclosed in the building. Residents would have access to a roughly 1,650-square-foot outdoor pet exercise area. Between the two phases, Lennar has built out a shared plaza for pedestrians and cars known as a woonerf.
430 N. 1st Ave.
United Properties began renovations this spring on the Warehouse District’s Kickernick Building, a seven-story building known for ground-floor restaurant Brothers Bar & Grill. Gordy Stofer, the Minneapolis-based developer’s vice president of office development, said the project gives them an opportunity to “imagine new possibilities” for the nearly 150,000-square-foot building, a downtown mainstay since 1896. The work will consist of removing non-original dropped ceilings and drywall to expose original building materials. United Properties plans to build a new lobby atrium with open seating, collaboration stations and a more prominent entryway on 1st Avenue. The building will get new elevators, renovated bathrooms and amenities like bike storage and showers. The developer expects to complete the project in the third quarter of this year. Work on the sixth floor is already done and leasing has begun for the 22,000 square feet of office space.
12th St. Apts
228 12th St. S.
After plans were continued from an earlier City Planning Commission meeting, city planning staff are recommending approval of a proposal from Alatus to develop a 32-story residential tower near the Minneapolis Convention Center. Plans largely haven’t changed and still call for a 348-foot tower with 357 apartments and 20,000 square feet of commercial space spread across the ground and skyway levels. The project, currently known as 12th Street Apartments, would include two levels of public underground parking, ground-level parking for commercial uses and five levels of above-grade parking, or 558 stalls combined. The proposal will displace the Second Church of Christ Scientist, a building that has sat vacant since 2006. The other half of the block is home to the Hotel Ivy, Ivy Tower, a Holiday Inn and a small office building.
1400 Loring Apts
1400, 1414, 1418, 1420, 1422 Nicollet Ave.
Reuter Walton Development
The downtown side of Eat Street is seeing major redevelopments, including a proposal from Reuter Walton Development for a six-story apartment complex that would replace several one-story buildings near 14th & Nicollet. The 1400 Loring Apartments project calls for a low-rise building with 232 apartments and 8,200 square feet of commercial space. There would be five commercial spaces, which plans submitted to the City Planning Commission note are being designed for existing tenants to use once construction is completed. The building would have 160 enclosed parking spaces and eight covered spaces for retail users. The project requires several applications for variances related to setbacks and a rezoning to a C2 Neighborhood Corridor Commercial District.
33 S. 6th St.
Ryan Companies Real Estate Management
A buyer has purchased downtown’s City Center complex for $320 million, according to a certificate of real estate value made public in early June. The Star Tribune reported that the new owner is Samsung Life Insurance, a subsidiary of South Korea-based Samsung Group. Ryan Companies Real Estate Management announced in a June 5 statement that it will manage the 1.6 million-square-foot multi-use complex. The nearly two-block building includes a 51-story tower — one of the tallest buildings downtown — a three-level retail mall and a 687-stall parking garage.
1901 Grand St. NE
A new reception hall is being proposed for a portion of the Sinclair Depot/Preferred Antiques building in the Bottineau neighborhood of Northeast Minneapolis. Bradley Racutt has submitted an application to the City Planning Commission to rezone the building, home to the antique store, in order to open the reception hall. The event space would occupy a 3,780-square-foot section in the middle of the building. The proposal also features a new parking lot.
323 Washington Ave. N.
LaSalle Investment Management
LaSalle Investment Management announced June 5 that it has acquired T3, a 222,000-square-foot office building that recently opened in the North Loop. The firm made the purchase on behalf of LaSalle Property Fund, its U.S. core open-end real estate fund. Houston-based Hines developed the building, known as the largest modern timber office building in the country. Amazon has a technology development center that encompasses half of the building, according to a release. T3, whose name stands for timber, transit and technology, is home to the Dalton & Wade Whiskey Common, co-working space Industrious and the Bar Method, a barre fitness studio.