Hotel touted for Downtown East ‘air space’

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The McClellan Block at the northwest corner of Chicago Avenue and Fourth Street is kitty corner from the site of the new Minnesota Vikings stadium and is across the street from the Downtown East light rail transit station.
The McClellan Block at the northwest corner of Chicago Avenue and Fourth Street is kitty corner from the site of the new Minnesota Vikings stadium and is across the street from the Downtown East light rail transit station.

Finance & Commerce reports that as the city of Minneapolis looks to redevelop a block sandwiched between the $420 million Downtown East mixed-use development and the new Minnesota Vikings stadium, market watchers and brokers alike say the site may be best suited for use as a hotel.

Minneapolis is seeking proposals to develop the air space above a parking ramp on the site within the Downtown Eastredevelopment as well as a street-level parcel attached to the ramp.

The block — sometimes referred to as the McClellan block — is at the northwest corner of Chicago Avenue and Fourth Street South, kitty corner from the Vikings stadium and a block east of two office towers planned by Minneapolis-based Ryan Cos. US Inc.

The McClellan block is made up of six parcels totaling 2.46 acres and valued at… Read More >>