Embassy Suites (Plymouth Building) - 12 6th Street S

Downtown - North Loop - Mill District - Elliot Park - Loring Park
Azel
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby Azel » December 21st, 2014, 10:22 pm

What's the status of this conversion? Anybody pay any attention to the subsidies and National Park Service money it has received?

5th Ave Guy
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby 5th Ave Guy » January 20th, 2015, 9:19 am

I heard this project is dead and they're now looking at an office conversion. Anyone else hearing the same?

Silophant
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby Silophant » January 20th, 2015, 9:25 am

I haven't heard anything, but I've been wondering what was going on, since I walk by 2x daily and haven't seen a single sign of life since the parking garage shut down.

acs
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby acs » January 20th, 2015, 11:30 am

Good, we need to keep and grow the number of office jobs downtown. There's already a ton of new hotels announced/under development.

MNdible
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby MNdible » January 20th, 2015, 12:37 pm

I heard this project is dead and they're now looking at an office conversion. Anyone else hearing the same?
I love the prospect of an office conversion that converts an office building into an office building.

twincitizen
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby twincitizen » January 20th, 2015, 1:40 pm

I thought that was odd as well. Someone's gonna have egg on their face if they go back to doing a residential conversion.

If it's not going to be a hotel, residential would seem to be the ideal outcome. Get as much Class B/C space off the market as possible. Wells Fargo is going to leave a ton of it vacant in the coming years.

As I noted in the 4Marq thread, it's possible right now that very few new apartments will be hitting the market in 2016 (in the downtown core). Perhaps someone will sense an opportunity here for a window of very little competition if they could get the project open in late 2016 / early 2017.

martykoessel
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby martykoessel » January 20th, 2015, 2:08 pm

I heard this project is dead and they're now looking at an office conversion. Anyone else hearing the same?
Are you confusing this with the Nate's Clothing Building, which was originally going to be a boutique hotel and is now slated to become offices?

5th Ave Guy
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby 5th Ave Guy » January 20th, 2015, 3:28 pm

I heard this project is dead and they're now looking at an office conversion. Anyone else hearing the same?
Are you confusing this with the Nate's Clothing Building, which was originally going to be a boutique hotel and is now slated to become offices?
No, it was definitely the Plymouth Building.

twincitizen
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby twincitizen » February 11th, 2015, 10:52 am

Seems to be some support for the rumor that Conrad Hotel is dead: https://twitter.com/UrbanMSP/status/565271765430304771

All of the involved parties (Hilton, Heartland Realty) are in "no comment" mode.

I guess they should have stuck with that apartment conversion after all. That was first announced 2 years ago - theoretically it would be opening right about now, with very little competition currently on the market.

Archiapolis
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby Archiapolis » February 11th, 2015, 2:39 pm

Seems to be some support for the rumor that Conrad Hotel is dead: https://twitter.com/UrbanMSP/status/565271765430304771

All of the involved parties (Hilton, Heartland Realty) are in "no comment" mode.

I guess they should have stuck with that apartment conversion after all. That was first announced 2 years ago - theoretically it would be opening right about now, with very little competition currently on the market.
Dead. Mark it down.

Wedgeguy
Capella Tower
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby Wedgeguy » February 11th, 2015, 2:49 pm

I found it hard to believe that it would actually happen. There are already several hotels that cover the luxury range. You have the Lowes, Le Meridan, Ivy Hotel, and the Grand Hotel. There are others that probably have some rooms within striking distance for cost. Luxury is covered for awhile.

Tyler
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby Tyler » February 11th, 2015, 2:58 pm

None of those are luxury hotels. Maybe they got wind of Four Seasons desperately wanting a Minneapolis location.
Towns!

min-chi-cbus
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby min-chi-cbus » February 12th, 2015, 9:09 am

I found it hard to believe that it would actually happen. There are already several hotels that cover the luxury range. You have the Lowes, Le Meridan, Ivy Hotel, and the Grand Hotel. There are others that probably have some rooms within striking distance for cost. Luxury is covered for awhile.
You'd think a Conrad would be more like a destination hotel than just another competitor though.

sushisimo
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby sushisimo » February 12th, 2015, 10:22 am

Wow, this news is awkward. What's the skinny on the existing offices moving out? I know one office moved into Lumber Exchange, but I'm not sure if they proactively moved before a deadline, or forced. It would be weird to vacate the building and then have this happen.

nordeast homer
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby nordeast homer » February 12th, 2015, 10:49 am

I think most of the tenants have left, there may be a couple left, but not many. Poor planning buy the building to not have everything signed and ready to go before they let the tenants go.
I wonder if they'll approach another hotel chain? It would be great to see more activity in this building. It's too nice of a building sit empty.
I've got to believe there is a high level of incompetence here; this should be ground zero for a developer, a can't miss opportunity. This is on Hennepin, next to the light rail. Ugh!

5th Ave Guy
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby 5th Ave Guy » February 12th, 2015, 2:17 pm

Wow, this news is awkward. What's the skinny on the existing offices moving out? I know one office moved into Lumber Exchange, but I'm not sure if they proactively moved before a deadline, or forced. It would be weird to vacate the building and then have this happen.
They forced the tenants out with a deadline. I think everyone is out, but not 100% on that.

Jenny on the Block
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby Jenny on the Block » February 13th, 2015, 2:05 am

All tenants except Lyon's were out by Sept 1. I heard that Conrad began work on the conversion and the contractors reported that the budget was way under what would be needed to finish the job.

grant1simons2
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby grant1simons2 » April 29th, 2015, 11:45 pm

Ryan Companies filed a preliminary plan review for the building on 4/7/15... Is this news or am I just late to the party?

http://apps.ci.minneapolis.mn.us/PIApp/ ... 2924440010

Wedgeguy
Capella Tower
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby Wedgeguy » April 30th, 2015, 9:44 am

Have read nothing of the sort so far. You just had a scoop there Grant. Glad that some other developer with the resource is looking at this building!! Great find.

grant1simons2
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Re: Conrad Hotel @ Plymouth Building - 12 6th Street S

Postby grant1simons2 » April 30th, 2015, 9:12 pm

So I saw a tweet out to Sam Black and Voge on this earlier. Any news thus far? I'm feeling pretty proud my obsession with re-purposing buildings, urban planning and architecture is finally helping a bit :lol:


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