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 >>