The building boom continues in the North Loop with United Properties announcing plans for a 10-story office building next to Target Field Station.
The 240,000-square-foot Class A office building will go up next to the transit hub at the southeast corner of 6th Avenue North & 5th Street North.
No tenants have been lined up for the project yet, said Jessie Timmerman, communications manager for United Properties.
United Properties plans to purchase the 0.75-acre parcel from Hennepin County and go through the city approval process early 2015 with a tentative ground breaking planned for fall of 2015.
The building will include space for a restaurant across from the Target Field Station entrance, a roof terrace with lounge, bike storage and a fitness center. United Properties will seek LEED certification for the building, too.
“The development of this new project at Target Field Station builds on United Properties’ previous success and ongoing commitment to the North Loop,” said Bill Katter, executive vice president of United Properties. “This area continues to be one of the most exciting places for next-generation office space in the Twin Cities.”
The commercial real estate firm’s North Loop office building portfolio in the neighborhood includes the Ford Center and the Loose Wiles Building home to the Freehouse restaurant. It recently broke ground on the new headquarters for Be The Match, which is going up across from Target Field Station.
Hines also recently announced plans for a new office building in the North Loop called T3 — a proposed seven-story timber and steel building next to Hines’ Dock Street Flats development.