North Loop Green - Hines - 350 N 5th St(?) - 35 stories - 393'/418'

Downtown - North Loop - Mill District - Elliot Park - Loring Park
uptownbro
Landmark Center
Posts: 283
Joined: February 10th, 2020, 11:00 pm

Re: North Loop Green - Hines - 350 N 5th St(?) - 35 stories - 393'/418'

Postby uptownbro » August 3rd, 2021, 8:00 am

At min St Olaf's tower will be 20 story's at min but given the demand and location 27 would be great. Hines has also floated an office idea of the music wall lot they own in the CBD. 17 N Washington is under construction as well as fire station one.
One factor I think thats at play is the on going rebuilds of place burned down in the riots has impacted the construction labor and material market demand.

MNdible
is great.
Posts: 5683
Joined: June 8th, 2012, 8:14 pm
Location: Minneapolis

Re: North Loop Green - Hines - 350 N 5th St(?) - 35 stories - 393'/418'

Postby MNdible » August 3rd, 2021, 8:39 am

I think that even pre-Covid, there were lots of indications that the downtown MF pipeline was providing more product than the market needed, at least at the price-points that their pro formas said they needed to get. So it shouldn't be terribly surprising that the pace needed to slowdown somewhat.

amiller92
Wells Fargo Center
Posts: 1894
Joined: October 31st, 2014, 12:50 pm

Re: North Loop Green - Hines - 350 N 5th St(?) - 35 stories - 393'/418'

Postby amiller92 » August 3rd, 2021, 9:33 am

One factor I think thats at play is the on going rebuilds of place burned down in the riots has impacted the construction labor and material market demand.
Is there a lot of rebuilding going on? On the south side, it's just the under-construction apartments, Wendy's, AutoZone, Arby's/Raising Cane's and the USBank at Lake and 10th, I think. Would love to see more.

uptownbro
Landmark Center
Posts: 283
Joined: February 10th, 2020, 11:00 pm

Re: North Loop Green - Hines - 350 N 5th St(?) - 35 stories - 393'/418'

Postby uptownbro » August 3rd, 2021, 9:45 am

Over the past year for buildings that have been finished its been 2 speed way gas stations,I think a holiday station near the falls, hi lake shopping, the shopping center by the kmart. Not counting the major remodels of target, 2 cub foods and a number of other buildings that were burned but not destroyed that have re opened.
As for under construction: Karmel addition(given that the wall greens was burned down and they added floors to this proposal), 112 east lake st,815 ceder ave, maxlt pawn, the turf club in st paul, the shell station off east lake and park on top of the ones you listed. Thats just off the top of my head. I think the post office as well. They claim the new building off lake st will reopen in the spring of 2022 per fox9.
Maybe not a crazy amount be still a decent number of places that are adding to the demand for labor

Gman12
Nicollet Mall
Posts: 126
Joined: May 16th, 2013, 12:35 pm
Location: Capital of the North

Re: North Loop Green - Hines - 350 N 5th St(?) - 35 stories - 393'/418'

Postby Gman12 » August 3rd, 2021, 11:55 am

This conversation might be better off in a different thread at this point.

The John Buck Company won the RFQ for the public service block, but there's been no subsequent news about that. They have an extensive portfolio of residential and office towers.
I didn't recall anyone even submitting anything after the first RFP that garnered the one response that didn't meet the requirements, but I am pleasantly surprised that seems to not be the case. Probably no imminent news, still early on in the exclusive rights agreement timeline, but they seem to be motivated to come up with a plan for the block.

https://lims.minneapolismn.gov/RCA/7856


Who is online

Users browsing this forum: No registered users and 3 guests