Minneapolis staff recommends hotel, apartments for Downtown East site
Two ambitious proposals for a key spot in the Downtown East mixed-use development were reviewed in recent weeks by city officials, who ultimately backed a $101 million hotel-apartment hybrid for the spot.
Minneapolis-based developer Ryan Cos. was chosen above a competing bid by Golden Valley-based Mortenson Development, which proposed a $63 million, 300-room hotel for the site.
A mix of city officials, from planners to finance experts, made the recommendation, but the City Council will have the final say on the proposals at its March 28 meeting.
Ryan’s proposal calls for a 150-room Radisson Red hotel and an additional 200 apartments. The firm will pay the city $5.7 million for the land and the so-called “air rights” above the ramp, which will be used by office employees and fans using the stadium.
City finance officials say Ryan’s hotel and apartment tower, which would span about 27 stories, will generate $876,000 in upfront park dedication and building fees, and annual city taxes of about $1.2 million by 2029.
Construction on the ramp development, should Ryan’s proposal be approved, would begin in May 2015 with completion slated for August 2017.
Minneapolis Home by Jeffrey Farnam via MN Artists
$400 million plan would reshape Minneapolis’ downtown east
A $400 million mixed-use project near the new Vikings stadium would transform the eastern stretch of downtown Minneapolis, a largely barren area that has long struggled to attract substantial development.
The five-block area, now owned by the Star Tribune, would become home to two, 20-story office towers spanning 1.2 million square feet of space, Ryan Cos. said in a proposal released Tuesday. In addition, 300 residential units and retail stores will be part of the development.
The city’s end of the bargain involves borrowing $65 million to fund a parking ramp and an 8.9-acre park extending toward downtown from the stadium site, which would be the largest park in the heart of downtown.
The entire development is expected to be completed by July 2016, in time for the stadium opening.
The Minnesota Vikings unveiled what the new stadium will look like tonight, here are the main bullet points from the team website…
New Vikings Stadium Facts and Figures
•Approximately 1.6 million square feet.
•65,000 seats, including some of the closest in the NFL; expandable to 73,000 for a Super Bowl.
•Up to 125 suites and 7,500 club seats, including suites and clubs at the field level, some of which will put fans closer to the sideline than in any other NFL stadium.
•Seven levels, including two general admission concourses with 360-degree circulation and various views into the bowl.
•Highest quality HD video boards in the NFL located in both the east and west end zones and video ribbon boards throughout the interior of the seating bowl.
•Over 1,200 HD flat screen televisions throughout the concourse for all fans in attendance to view the game.
•Capability to host more events than any other large stadium in the world, including NFL football and a Super Bowl, MLS soccer, NCAA basketball and baseball, high school sporting events, motocross, concerts, conventions, marching band competitions.
•Access points to the city and stadium site from all four sides of the stadium.
•Large west plaza (over two acres in size) for game day, non-game day and seasonal public gatherings as a connection to the downtown corridor.
•Lightest and most efficient roof structure in the nation for a major new stadium, which will include a single large steel super truss providing primary support for the main long span roof.
•Largest clear ethylene tetrafluoroethylene (ETFE) roof in the world and the first on a stadium in the nation, allowing connection to the outdoors from a climate-controlled environment.
•Largest glass pivoting doors in the world that will open to the west plaza.
•Application for LEED-certified status.
•Parking ramps with skyways from the north and south sides of the stadium and connections from the facility to the downtown skyway system.
First look at Mortenson’s planned 30-story apartment tower
Mortenson Development has shared the first image of a 30-story luxury apartment tower in downtown Minneapolis that it announced last month.
The design, by Minneapolis-based Urbanworks Architecture, shows a seven-story pedestal that incorporates an indoor parking garage. The remainder of the building is glass, with what looks like a white external skeleton. There appears to be a patio on part of the parking garage roof and also a deck near the penthouse.
To get an idea of new tower’s size, the Foshay Tower, home to W Minneapolis-The Foshay hotel, is 32 stories and also takes up about a quarter of a downtown block.
Nice job Kaas Wilson Architects! The City Council zoning & planning committee approved today two new apartment buildings with 151 units next to the Grain Belt Brewery complex, a national historic landmark. The project involves restoration of the Grain Belt office building including restoring original windows, cleaning the brick and stone and energy efficient mechanical upgrades.
via Facebook page of Minneapolis City Council member and Mayoral candidate Gary Schiff
Spotted in the Strib internal archives: The original drawings for Block E via Eric Roper
Luxury apartments to rise 26 stories on Nicollet Mall
Preparations will begin Tuesday along the barren northern stretch of Nicollet Mall to make way for a 26-story luxury apartment tower — the first new high-rise rental building in downtown Minneapolis’ core in nearly three decades.
The 253-unit apartment tower, called The Nic on Fifth, will begin leasing studios, one- and two-bedroom units and penthouses in the summer of 2014. Rental rates have not been determined.
Hines pitches new 20-story office tower near Target Field
Hines Interests is marketing space for a glass-covered, 20-story office tower near Target Field in Minneapolis.
The 500,000-square-foot office building is called 350 North Fifth on plans. The dramatic design shows a mid-tower terrace that provides access to fresh air, as well views of downtown, the Mississippi River corridor, and some good views of Twins games.
HKS picked as architect for Vikings stadium
Architecture firm HKS Inc., which designed recently built stadiums in Indianapolis and Dallas, has been selected to design the new downtown Minneapolis stadium for the Minnesota Vikings.
The Minnesota Sports Facilities Authority (MSFA) chose the Dallas-based architecture firm on Friday. The design contact will be worth $34 million, including all subcontractor fees and reimbursable expenses.
(The photo is one of the images HKS Sports & Entertainment Group submitted as part of its proposal for the Vikings stadium contract)