nicollet news from this month's
Heartland Real Estate Business Journal:
MIXED-USE EXPLOSION
Entering 2007, mixed-use developments continue to be the commercial venture of choice in the Midwest.
Amy Bigley
With the New Year quickly approaching, development abounds in the Midwest. The interest in mixed-use development continues as projects are popping up in cities across the Heartland, such as Chicago, Milwaukee, St. Louis and Minneapolis. While some are the traditional mix of residential, retail and office, others are sharply tailored to the location and provide products for specific demographics and individuals. Here’s a glimpse of what is to come in 2007.
The Nicollet; Minneapolis
Minneapolis-based Hunt Associates and HPO Nicollet are currently developing a 1.1 million-square-foot, high-end luxury condominium tower in the heart of downtown Minneapolis. With the continued growth of the city’s urban population, The Nicollet, designed by Barbour/LaDouceur Design Group of Minneapolis, is posed to become the newest prominent condominium attraction for high-income empty nesters and young professionals.
The 356-unit development, which is situated on a 30,000-square-foot land parcel at 1001 Nicollet Mall, will rise 56 stories upon completion, making it the tallest residential tower in Minnesota.
The units will feature floor-to-ceiling glass, hardwood floors, custom kitchen and access to high-end amenities. The 36 differing floor plans range in size from 800 to 6,000 square feet, and there are currently 100 units under purchase agreements and reservations. Completion for The Nicollet is slated for late 2007 or early 2008.