Editor’s note: This feature ran in the April 7 issue of The Journal.
600 1st Ave. N.
City of Minneapolis
The nearly $129 million renovation plan for the Target Center has garnered the final approval from the City Council. Council members voted 10-3 to approve the proposal, which will overhaul the venue’s exterior with a modern brown finish, among other changes. The project will add a five-story glass atrium at the corner of 6th Street & 1st Avenue, a new loading dock, a green wall along 7th Street and several interior improvements, including upgrades for suites and other premium spaces. A new scoreboard will also be installed this summer. Construction work is scheduled to start in May and wrap up the fall of 2017. The arena will be closed during the summer of 2017.
419 Washington Ave. N.
CPM Companies, Swervo Development
CPM Companies and Swervo Development are proposing to build a 10-story office building on a surface parking lot in the North Loop neighborhood next to the Internet Exchange Building, which the two developers bought earlier this year. The 230,000-square-foot office building would have retail space on the main level and some underground parking. DJR Architecture is handling the project’s design. The plans got their first review from the City Planning Commission Committee of the Whole on March 31.
1301 Marshall St. NE
CPM Companies has shared preliminary plans with the Sheridan Neighborhood Organization for a six-story residential building in the Northeast Minneapolis neighborhood. SNO President Joy Smallfield said construction could begin as soon as August on the 55-unit development. The project is located at 13th Avenue & Marshall Street across from The Grain Belt Apartments.
900 S. 5th St.
Minnesota Sports Facilities Authority
U.S. Bank Stadium
The Minnesota Vikings want to build a new $7.5 million bar and restaurant addition to U.S. Bank Stadium, and the team will cover the cost. The 17,500-square-foot project, which would be located in the northeast corner, features a group of “cabins,” a Lodge Bar and a Truss Bar. The addition will hold about 900 people with about one-third in fixed seats. Golden Valley-based Mortenson, the developer tasked with constructing the $1.1 billion stadium, has finished installing more than 66,000 stadium seats. The Minnesota Sports Facilities Authority also announced that soccer teams Chelsea and AC Milan will play an International Champions Cup match as the venue’s first major event.
616 N. 5th St.
616 5th offices
Minneapolis-based Schafer Richardson has released a concept of a new office building it intends to build on the current site of the Weather-Rite building in the North Loop. The 11-story building would have 200,000 square feet of office space and about 4,500 square feet for a retail or restaurant tenant on the first floor. The building’s saw-toothed roof would allow for potential solar panels, more natural lighting and an intended industrial aesthetic. The developer is planning modern amenities like bike storage, a fitness center and an outdoor above-grade amenity space.
111 3rd Ave. S.
ICM Realty Group
ICM Realty Group has purchased the Mill Place building and two other 19th-centry buildings in downtown Minneapolis. The purchase is the second investment into the Twin Cities market from the Calgary, Alberta-based real estate firm. Along with the Mill Place building, ICM bought the two-story Dunn Bros. coffee shop, also known as the Freight House building, at 201 3rd Ave. S. and a long building behind Mill Place at 333 1st St. S. The buildings are fully leased. ICM is also planning a $1.5 million renovation to bring Mill Place back to its original “brick and timber roots” and to add amenities like a fitness center and a collaborative working space in the building’s four-story atrium.
601-629 Nicollet Mall
YMCA of Greater Twin CitiesYMCA move
YMCA of Greater Twin Cities is looking to the City of Minneapolis for up to $15 million in tax increments bonds to help with moving its downtown facilities to the upper floors of Nicollet Mall’s Gaviidae Common. While it hasn’t yet made a commitment to the space, the YMCA could purchase about 150,000 square feet of space on floors 3-5. The organization has been exploring the move from its current corporate headquarters adjacent to the LaSalle Plaza building to Gaviidae since February. If it moves forward with the purchase, the YMCA plans to renovate the space to include 53,000 square feet for branch operations and 43,000 square feet of office space. The YMCA would sell the remaining 54,500 square feet.
608 2nd Ave. S.
PCCP LLCNorthstar Center
Los Angeles-based PCCP LLC plans to convert a 13-story Northstar Center office building in downtown Minneapolis into 266 apartments, according to an announcement from the Minneapolis branch of Colliers International. PCCP has chosen BKV Group to handle the project’s design. Wells Fargo, which leases space in the 313,000-square-foot building, is moving employees to its new headquarters, located in the two 17-story towers in Downtown East near U.S Bank Stadium.
30 S. 3rd St.
United PropertiesNicollet Hotel Block
Nicollet Hotel Block
Bloomington-based United Properties is expected to bring new designs of its Nicollet Hotel Block proposal to a Downtown Minneapolis Neighborhood Association meeting in April, after this issue went to press. The developer released massing concepts of its proposal, dubbed The Gateway, earlier this year. The developer has asked for flexibility in the building’s height, but designs have shown a 36-story mixed-use tower. It would have several retail spaces on the street level, along with restaurant and lobby spaces. The DMNA says the developer is sharing designs prior to moving forward with final city approval and purchasing the city-owned land, which is worth about $10.4 million.
1221 Nicollet Mall
Westminster Presbyterian Church
The board of the Westminster Presbyterian Church has approved plans for its “Open Doors Open Futures” campaign, which, among other initiatives, includes an expansion of the 1897 church. The 3,100-member church is planning to demolish an eight-story office building to construct a 41,000-square-foot building that would house worship and gathering spaces, church offices, a classroom and more. The group is also planning to renovate 30,000 square feet of the historic church to add libraries, co-working spaces and safety features.