District 600 is a 78-unit apartment project that broke ground Monday, June 17 next to the Fulton Brewing Co. in Minneapolis’ North Loop neighborhood.
The Minneapolis St. Paul Business Journal reports that a team of developers Monday broke ground on a new 78-unit apartment project next to Fulton Brewing Co.
The $12 million project, called District 600, is at 600 Fifth St. N.
It was called The Mendoza back in April 2012, and then re-named The Natural in January this year. It has been re-named again to “District 600″ referring to its street address at 600 Fifth St. N., in the Warehouse District of Minneapolis. The project’s marketing materials plays up its proximity to Target Field, with a baseball theme.
The development team includes…Read More >>>
Bloomington-based developer United Properties is “evaluating a variety of tenant uses” for the former Neiman Marcus store at 505 Nicollet Mall in downtown Minneapolis.
According to Finance & Commerce, an empty retail store in downtown Minneapolis would seem to be a tough sell. But Bloomington-based United Properties paid $5.5 million in cash last week to acquire the vacant Neiman Marcus store less than four months after the luxury retailer closed its doors.
The sale price surfaced in a certificate of real estate value filed with Hennepin County that became public Thursday morning. The sale closed May 9.
United Properties announced the closing Monday, but has not disclosed its plans for the 100,000-square-foot property. The sale price works out to $55 per square foot. United Properties spokeswoman Jessie Folkens on Thursday declined to comment.
Veteran investment sales broker Mark Kolsrud said that United Properties acquired the property “at a price per square foot that… Read More >>
The Ryan Cos. proposal for a $400 million redevelopment project near the new Vikings Stadium would include towers that might house Wells Fargo operations.
As the Star Tribune reports, if Wells Fargo & Co. decides to move into the two towers that are slated to rise next to the planned Vikings stadium, the offices would be the latest shining example of an ambitious bank’s good times.
The move would also illustrate something more mundane: the bank’s ongoing effort to squeeze more efficiency out of its operations.
Executives at the San Francisco-based bank, regarded as one of the healthiest in the country, have been vocal about cutting expenses, recently citing “hundreds of projects” underway to shave costs.
Reducing the cost of office space is a big part of… Read More >>
Accenture’s “café” has a coffee bar, a small kitchen and a long, walnut table with barstools.
As Finance & Commerce reports, a funny thing happened after Accenture moved into a new office where no one has assigned space: More employees started coming in to work.
A mobile staff of about 1,500 based in downtown Minneapolis, Accenture’s employees tend to be traveling or working in clients’ offices. When they’re in town, they can just as easily work at home or a coffee shop.
But with Accenture’s new space — replete with inviting mixes of open, semiprivate and collaborative options plus oodles of technology — the firm is seeing more employees docking into various workspaces.
Employees can set up shop in… Read More >>
Cassidy Turley’s Minneapolis office in the IDS Center provides workstations with sit-stand options for employees like intern Shane Thompson, foreground.
According to Finance & Commerce, when the Minneapolis office of Cassidy Turley designed its new office space in the IDS Center, it threw out the old, traditional model where employees were assigned workspace based on their level in the organization. Like many companies, its senior leaders occupied private offices around the perimeter and junior and support staff worked at internal workstations.
The commercial real estate company decided it was time to break tradition and knock down the walls. In fact, Cassidy Turley’s new space has very few hard walls, and the company virtually eliminated the once highly coveted, private offices. It also did away with standard cubicles, conventional meeting rooms and space-wasting file cabinets.
Instead, its 12,500-square-foot space on the tower’s 14th floor features… Read More >>
Minneapolis-based Schafer Richardson plans to convert the vintage building at 900 Third St. N. into Gurley Lofts with 30 apartments and 10,000 square feet of commercial space.
Finance & Commerce asks, is there room for even more apartments in the North Loop area of downtown Minneapolis?
Schafer Richardson, a Minneapolis-based developer, has new plans to convert a vintage North Loop building into a boutique-scale project with 30 market-rate apartments.
Kit Richardson, a principal with Schafer Richardson, said that his firm plans to convert the former Gurley Candy Co. building at 900 Third St. N. in Minneapolis into Gurley Lofts, which also calls for 10,000 square feet of first-floor commercial space. Schafer Richardson, which has its own offices in North Loop, is currently under construction on the 204-unit Third North Apartments at 800 Third St. N. in Minneapolis and also has plans for a 44-unit affordable apartment conversion of the vintage Cameron Building at 756 Fourth St. N. Read more >>
An early rendering of what the new Vikings stadium may look like. Many features described in the Environmental Impact Statement are consistent with this drawing.
The Minneapolis Star Tribune reports that the new home for the Minnesota Vikings will be taller and bigger than the Metrodome and will have a sloped roof and possibly, sliding walls, windows or doors that open to the downtown Minneapolis skyline, according to a public document released Monday.
Those details, spelled out in a nearly 400-page draft Environmental Impact Statement made public by the Minnesota Sports Facilities Authority, provide the first glimpse of a project that is expected to replace the Metrodome by the 2016 NFL season.
The authority, which is working with the Vikings to develop the $975 million multipurpose stadium, plans to unveil the architect’s preliminary design at a special meeting May 13 at the Guthrie Theater. Read more >>