Three new towers - two residential and one office - are proposed for downtown Minneapolis. Current apartment vacancy rates in the city are at record lows (<2%) which is prompting these proposals. These, plus the numerous low-rise projects under construction are creating a Minne-Boom
1368 LaSalle
36 stories, luxury rentals. 355 units. 18,000 sq ft of commercial. $100+ million budget. Developer is Magellan Development Group. Privately funded, no subsidies. Spring groundbreaking.
Source
Nicollet Residences 5th & Nicollet Mall.
6-story podium topped by a 27-story apartment tower for a total of 33 floors. 330 units. 9 and 10- foot ceilings in units. 25,000 sq ft of retail on the ground & skyway levels. $100 million budget. A new skyway connection to Neiman Marcus and a reconnection to the 5th Street Office Towers across Marquette. Potential elevator connection to the LRT station from the new Neiman Marcus skyway. Developer is Opus with ESG Architects. Privately funded, no subsidies or variances. Target date for groundbreaking is next April.
Source
1010 Nicollet Mall
EDITED SEPT 28, 2011 - 32-story office tower (although now rumored to be in the 44-story range) at 10th & Nicollet. $125 million budget. See posting #17 below - Target Corp has now purchased the site, so the following rendering is outdated, but still gives a sense of the massing:
Source
Low-Rise Proposal for
222 Hennepin (Apartments + Whole Foods):
A couple shots of some of the low-rise projects under construction:
American Academy of Neurology Headquarters
Construction photo by
Jeff at
Minnescraper.
Lake & Knox Uptown Minneapolis (Photo by
Spectre000)
Mozaic Mixed Use Uptown Minneapolis (Photo by
Spectre000)