A mixed-use project that would bring more green space to the North Loop is taking shape.
Staff from Greco Properties and ESG Architects presented updated plans for a joint project with United Properties at a North Loop Neighborhood Association Planning and Zoning Committee meeting last month. The neighborhood group voted to recommend the project, which is comprised of two surface parking lots at 729 Washington Ave. in the North Loop, to the full board.
The proposal made headlines in March due to its large green space in a neighborhood bereft of urban parkland. Current plans include a smaller, approximately 6,000-square-foot park space.
The 10-story mixed-use project includes 142 rental units, a more than 8,000-square-foot restaurant space and a 1,500-square-foot retail space for a coffee tenant, according to preliminary plans submitted to the Heritage Preservation Commission. The developer has an undisclosed restaurant tenant already lined up for the project.
The development no longer includes an approximately 329-stall parking ramp, and the lot–currently a 77-stall surface parking lot–is no longer a part of the plans. Parking would be worked into a 100-stall contracted underground parking level and residents would use several stories of above-ground parking within the structure, which would include 237 stalls stacked in the back of the building. A drop-off area off Washington Avenue would provide space for valet and other services.
The residential section would include a majority of market-rate apartments, in addition to some larger and penthouse units.
The developers plan to begin construction in the first quarter of 2016 and open the project by the summer of 2017.
The Heritage Preservation Commission is scheduled to discuss the preliminary plans during its June 9 meeting.
Renderings submitted to Minneapolis Heritage Preservation Commission.