TCF Bank Building Redevelopment

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TroyGBiv
US Bank Plaza
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Re: TCF Bank Building Redevelopment

Postby TroyGBiv » October 27th, 2015, 4:26 pm

This type of mixed use is what we see in many of the "super-talks" around the world... I am glad to see that there is some potential for the other older office tower to be re-skinned or modified to blend with the new tower...

aeisenberg
Landmark Center
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Re: TCF Bank Building Redevelopment

Postby aeisenberg » October 27th, 2015, 4:36 pm

Could any of our Google-Earth-model-savvy contributors mock up a 50-story ~650' building here for us to gawk at? I think that size tower would look awwwwwwesome from classic viewing angles like northbound I-35W and The U of M / Witch's Hat.
Aaron Eisenberg / Realtor, Keller Williams Integrity
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MNdible
is great.
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Re: TCF Bank Building Redevelopment

Postby MNdible » October 27th, 2015, 4:47 pm

Spitballing this, I'd say your mix will shake out something like this:

First floor, 20' floor to floor
Skyway level, 15' floor
Hotel levels 3-10, 10' floors
Commercial levels 11-30, 15' floors (building steps back here, skinnying down to 13,000 GSF floorplates)
Residential, 31-50, 10' floors with probably some extra height for the penthouses

That would get you to, say, 620', plus any spire or extra goodness.

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Munch'n
Nicollet Mall
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Re: TCF Bank Building Redevelopment

Postby Munch'n » October 27th, 2015, 5:02 pm

Meet me in Wells

trigonalmayhem

Re: TCF Bank Building Redevelopment

Postby trigonalmayhem » October 27th, 2015, 5:14 pm

Now this is something exciting! It'll be extra disappointing when it doesn't happen or is shrunk down.

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Munch'n
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Re: TCF Bank Building Redevelopment

Postby Munch'n » October 27th, 2015, 5:16 pm

In the star tribune now too.
Meet me in Wells

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seamonster
Nicollet Mall
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Re: TCF Bank Building Redevelopment

Postby seamonster » October 27th, 2015, 5:48 pm

Who knew that one day you would lose sight of the IDS from the Foshay?

acs
Wells Fargo Center
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Re: TCF Bank Building Redevelopment

Postby acs » October 27th, 2015, 5:48 pm

Just my own speculation, but I wouldn't be surprised to see TCF move their headquarters back into this building once it's finished. Similar to how we all thought Valspar was leaving for good until they renovated their old HQ. Either that, or TCF gets sold to one of the big four banks.

trigonalmayhem

Re: TCF Bank Building Redevelopment

Postby trigonalmayhem » October 27th, 2015, 6:01 pm

I thought tcf moved to the burbs for the cheap office space and because the CEO lived nearby? They didn't seem too concerned about the fact most younger workers don't want to work in suburban office parks.

kirby96
Union Depot
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Re: TCF Bank Building Redevelopment

Postby kirby96 » October 27th, 2015, 6:28 pm

TCF's headquarters have been in Wayzata for some time. The downtown bldg was primarily support functions, and those were moved to Plymouth (think Target move to BP). They also occupy a bldg at 394 and Hopkins Xroad which I believe is the Commercial Banking functions. So doubtful they have any moves on the horizon, although the Wayzata Bldg is a bit odd for an HQ.

Silophant
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Re: TCF Bank Building Redevelopment

Postby Silophant » October 27th, 2015, 6:38 pm

Here's the Star Tribune article, though it doesn't include any additional info.
“Significant thought and design are being incorporated into the redevelopment of 801 Marquette Avenue in order to integrate it with and enhance the appeal of its next-door neighbor office building”
Huh. That should be interesting.
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Munch'n
Nicollet Mall
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Re: TCF Bank Building Redevelopment

Postby Munch'n » October 27th, 2015, 6:40 pm

Yeah BTW earnings webcast is tomorrow at 8am.
Meet me in Wells

illman00
City Center
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Re: TCF Bank Building Redevelopment

Postby illman00 » October 28th, 2015, 7:24 am

Wayzata building might be odd for an hq but its a sweet looking building and its basically on Lake Minnetonka.

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Munch'n
Nicollet Mall
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Re: TCF Bank Building Redevelopment

Postby Munch'n » October 28th, 2015, 8:13 am

Also, a little part from the Tribune.
With construction now targeted for next year, the development team would likely bring its proposal to the city for approvals as early as January.
Meet me in Wells

HiawathaGuy
Wells Fargo Center
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Re: TCF Bank Building Redevelopment

Postby HiawathaGuy » October 28th, 2015, 8:35 am

My hope is that as things shake out with this design/proposal, that we'll see it inch up a few more floors. I mean, it has already increased more than they had originally planned. 260,000 sq. ft. of office really isn't a lot. I could see them going for 300,000 or maybe 400,000 if the demand is there. I could also see them adding more housing to the upper floors. Why wouldn't they want to push this above the other 3? Especially if housing will be at the top? I hope they step this up - and add an observation floor/lounge to the highest level, or near the top!

It'd be cool to see a similar design as Duval's Nicollet Hotel Block design. Slender tower on the corner, reaching high and proud.

Silophant
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Re: TCF Bank Building Redevelopment

Postby Silophant » October 28th, 2015, 8:52 am

Taller than the IDS would just be impolite.

Totally agree with you though, especially about the observation lounge. Maybe take a page out of the W Minneapolis's book and make it the hotel bar, so it has a built-in customer base?
Joey Senkyr
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HiawathaGuy
Wells Fargo Center
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Re: TCF Bank Building Redevelopment

Postby HiawathaGuy » October 28th, 2015, 9:01 am

Taller than the IDS would just be impolite.
Good one. :lol:

amiller92
Wells Fargo Center
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Re: TCF Bank Building Redevelopment

Postby amiller92 » October 28th, 2015, 10:59 am

Housing in the CBD! Great news. If downtown retail is going to survive, we need people to break into the giant see of housing-free land in the core of our city.

TroyGBiv
US Bank Plaza
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Re: TCF Bank Building Redevelopment

Postby TroyGBiv » October 28th, 2015, 11:19 am

There is always a chance that this won't move forward... but I think that this project is quite likely to get built... Franklin is a publicly held company (unlike many of the developers) and reporting plans like this in investors meetings would lead me to believe that they have a very high level of confidence... Investor reports directly affect stock value and corporate financial resources... The language they are using puts their reputation and "corporate" leadership under scrutiny. I think that they have been pretty strategic in their pacing and communications... I am pretty confident that this will happen.

trigonalmayhem

Re: TCF Bank Building Redevelopment

Postby trigonalmayhem » October 28th, 2015, 1:42 pm

Have they completed any significant projects in the cities before though? There's a history of the city not being terribly amenable to out of town developers. There's a (good) chance they could be run out of town by the provincial development process here.


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