Seven Points Uptown (Calhoun Square)

[SurlyLHT]

Maybe for the time being they could partner with the neighborhood association and others and make a park or etc. with the lot? Throw in some temporary art, plantings and seating. Given that they have interest in other properties in the area a better looking/functioning site here would be to their benefit.

[Qhaberl]

This lot has been discussed a number of times in the general uptown thread, but it's scattered all about I'm sure.

That's one reason why I wanted to start this topic. It's only a matter of time until this gets developed. It's much easier to find information if it's all in one place.



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[David Greene]

Y.know, medical space would be pretty good here. Right now the existing clinics are tucked away in not-visible places. Most people don't even know they're there. Assuming PP is going to rebuild on their existing site, it would be a convenient complementary location.

I'm really struggling to think of what retail could be successful here. The area is pretty saturated already. I like the idea of a music venue a lot.

[Qhaberl]

I am a huge fan of step back development. Maybe we could develop something but keep the portion directly facing Lake At 2 stories. Towards the back of the lot, near the parking garage, in the building could step up to five or six stories. They could use the step back portion as amenity space for apartments. Not exactly sure on the financials, but just dreaming.


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[Qhaberl]

Looking at the parking garage near the south west portion of the property, if looking north. I think you could almost argue for 7 to 8 stories. On the southern portion of the lot. I wouldn't recommend putting any balconies facing the parking ramp though. Would definitely be an unpleasant site to stare at.


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[Qhaberl]

Let's start dreaming. Those of you who are good at making 3-D models, let's see what you can come up with for this site? What kind of building would look good here?


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[RailBaronYarr]

Okay so this is my first time using some 3D modeling software so go easy on me.

[Qhaberl]

Not bad. I would hope that they dont go with that type of building, but i like that you gave it a shot. Do you think that type of building would be resedental or comercial, or a mix of the two?


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[gobezlij]

Kudos RBY. There couldn't be a better fit for the lot. Spectacular. Let's get 'er done.

[MattW]

There is only one word to describe this... Iconic.

[TroyGBiv]

There is only one word to describe this... Iconic.

I thought we can only have "Iconic" on the Nicollet block?

[DFPegg]

(R)ail(B)aronYarr = (R)etired(B)anker

[Anondson]

I got nothing...

[HiawathaGuy]

For Sale...

Uptown’s Calhoun Square retail center is for sale
*LOCKED*

Gist:
Calhoun Square is being offered for sale, five years after the current owners purchased the property with ambitious plans to renovate the Uptown Minneapolis retail center.

Ackerberg had planned to renovate and reconfigure the 172,000-square-foot building, creating a prime leasable space on the corner of Hennepin Avenue and Lake Street. There were also talks of building a high-end apartment tower on a 1-acre vacant site just east of the shopping center.

Article states they likely won't get the $69.5M that they paid for it in 2014.
I wonder why they're jumping ship?!

[seanrichardryan]

Article states they likely won't get the $69.5M that they paid for it in 2014.
I wonder why they're jumping ship?![/color]

Cash for another deal.

[HiawathaGuy]

Cash for another deal.

Fine - but giving up the vacant lot on Lake Street though?!

[Bob Stinson's Ghost]

Article states they likely won't get the $69.5M that they paid for it in 2014.
I wonder why they're jumping ship?![/color]

Cash for another deal.

Is this speculation or information?

[mattaudio]

For those with full access to the article... are they selling the whole thing including the vacant lot? Or just selling the mall and keeping the vacant lot for themselves?

[HiawathaGuy]

For those with full access to the article... are they selling the whole thing including the vacant lot? Or just selling the mall and keeping the vacant lot for themselves?

Mall + ramp + vacant lot.

[Bob Stinson's Ghost]

Article states they likely won't get the $69.5M that they paid for it in 2014.
I wonder why they're jumping ship?![/color]

Cash for another deal.

Sean, can you share anything about the other deal?