This parcel is on the same block as the Nic on Fifth and the proposed Xcel Energy building. Hopefully whoever develops this site can come up with something better than a bland residential tower or a nine-story, office building.
Here is some info on this site:
existing surface parking lot in Downtown Minneapolis ideally located for multifamily housing. The site is zoned B4-2, which permits multifamily development and has no height restrictions. The site is located near a light rail transit station and can also be connected to the Skyway system. Downtown Minneapolis has a vibrant established residential base, with approximately 45,000 residents as of 2010. Its population grew 20% last decade, spurred by growing appeal for downtown living. 400 Marquette Avenue is being offered as a Joint Venture opportunity or for sale at a price of $5,250,000, free and clear of existing debt.
Last edited by Unity77
on March 12th, 2013, 12:38 pm, edited 2 times in total.