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Re: 400 Marquette Avenue
Posted: March 12th, 2013, 8:05 pm
by min-chi-cbus
Ha -- there ya go!!
30 floors is only 4 floors higher than the Nic, possibly 50-100 feet taller (depending on the floor heights). I'm surprised nobody is throwing their arms up in anger over any potential blocked view, but I suppose the beauty of the timing of these two projects is that nobody yet lives there to complain! Pure genius!!!
Re: 400 Marquette Avenue
Posted: March 12th, 2013, 8:41 pm
by MNdible
This one strikes me as a longshot. There have been a number of proposals for small lot developments over the years, and none have actually been built yet.
Re: 400 Marquette Avenue
Posted: March 12th, 2013, 9:26 pm
by beykite
Hopefully this isn't too late to the game... Given its small footprint though this probably won't be all that many units which might give it a bit of an advantage. I wouldn't worry too much about blocked views, if I recall correctly isn't the tower portion of Nic on Fifth offset more on the Nicollet Mall side then the Marquette side? I really like all of Urbanworks projects so I'm excited to see a rendering. Hopefully we'll get a press release soon. Was there any reaction to from the neighborhood?
Re: 400 Marquette Avenue
Posted: March 12th, 2013, 9:41 pm
by Tyler
It's not really a small footprint for a residential building. I bet you could fit the Carlyle here (the portion above the pedestal). Sure, there won't be space for the typical pedestal, but that's not all bad.
Re: 400 Marquette Avenue
Posted: March 12th, 2013, 9:42 pm
by Aville_37
That's what Nick posted in the Facebook update.
Between this, The Nic, Soo Line, and Plymouth Building, street life in this immediate area will be drastically different in 4 years.
Is there a Facebook page for this site/group?
Re: 400 Marquette Avenue
Posted: March 12th, 2013, 9:58 pm
by Nick
That's what Nick posted in the Facebook update.
Between this, The Nic, Soo Line, and Plymouth Building, street life in this immediate area will be drastically different in 4 years.
Is there a Facebook page for this site/group?
http://www.facebook.com/UrbanMSP, of course!
But yeah it's apartments. Guy presenting said ~300 feet, so taller than Nic on Fifth, and I think it was 200 something units. Since they don't need any variances, there's not much holding them back. It sounded like the money was already together.
Re: 400 Marquette Avenue
Posted: March 12th, 2013, 11:15 pm
by Aville_37
Thanks Nick!
Re: 400 Marquette Avenue
Posted: March 12th, 2013, 11:56 pm
by John
"400 Marquette" would be the perfect name for this apartment building. No need to try to be clever
Re: 400 Marquette Avenue
Posted: March 13th, 2013, 7:00 am
by min-chi-cbus
That's what Nick posted in the Facebook update.
Between this, The Nic, Soo Line, and Plymouth Building, street life in this immediate area will be drastically different in 4 years.
Is there a Facebook page for this site/group?
http://www.facebook.com/UrbanMSP, of course!
But yeah it's apartments. Guy presenting said ~300 feet, so taller than Nic on Fifth, and I think it was 200 something units. Since they don't need any variances, there's not much holding them back. It sounded like the money was already together.
Wow, a developer that has their $hit together.....how refreshing! I was going to guess that this project might be condos if there is any concern of a saturated market, but the latest reports I've heard are that vacancies in Minneapolis are still below 2%, despite all of the new supply that has entered the market. Even considering all of the supply that will eventually hit the market for projects currently under construction, only a fraction of that supply are in the high-rise category, so it's potentially a niche market within the apartments market.
Re: 400 Marquette Avenue
Posted: March 13th, 2013, 8:16 am
by 612transplant
"400 Marquette" would be the perfect name for this apartment building. No need to try to be clever
Forty0Z Marc?
Re: 400 Marquette Avenue
Posted: March 13th, 2013, 8:17 am
by mattaudio
To be fair, the Marquette Hotel lobby bar at 7th/Marquette has been called "Marq VII" since it opened in the early 70s.
Re: 400 Marquette Avenue
Posted: March 13th, 2013, 8:26 am
by 612transplant
It's not really a small footprint for a residential building. I bet you could fit the Carlyle here (the portion above the pedestal). Sure, there won't be space for the typical pedestal, but that's not all bad.
I suspect they wouldn't have a proposal together if it were un-doable, or exorbitantly expensive. Carlyle -pedestal might fit on this spot....Foshy -pedestal almost definitely would. Granted, Foshay vs. residential tower built now is sort of apples-to-oranges, but, you know....
Seems pretty likely this one goes up, to me.
Re: 400 Marquette Avenue
Posted: March 13th, 2013, 8:27 am
by 612transplant
To be fair, the Marquette Hotel lobby bar at 7th/Marquette has been called "Marq VII" since it opened in the early 70s.
See??? There's precedent...
Re: 400 Marquette Avenue
Posted: March 13th, 2013, 8:29 am
by mattaudio
If this gets going within the next year or two, I can imagine it will increase the pressure for developing the surface lot bounded by 3rd/4th/Nicollet/Marquette (between this building and the old Fed building).
Re: 400 Marquette Avenue
Posted: March 13th, 2013, 8:45 am
by min-chi-cbus
"400 Marquette" would be the perfect name for this apartment building. No need to try to be clever
Forty0Z Marc?
I like it!
took me a while, but I figured it out.....
Re: 400 Marquette Avenue
Posted: March 13th, 2013, 8:47 am
by chimpls
yea..i'm just waiting for the lot bounded by nicollet and marquette across from the library to be developed into the park..this area would be sooooo awesome then.
Re: 400 Marquette Avenue
Posted: March 13th, 2013, 8:48 am
by min-chi-cbus
If this gets going within the next year or two, I can imagine it will increase the pressure for developing the surface lot bounded by 3rd/4th/Nicollet/Marquette (between this building and the old Fed building).
What, you mean the new Gateway Park???
Re: 400 Marquette Avenue
Posted: March 13th, 2013, 8:56 am
by mattaudio
I'm still hoping the park goes north of the library between Nicollet and Hennepin.
Re: 400 Marquette Avenue
Posted: March 13th, 2013, 9:39 am
by Unity77
This is great news. I didn't know Mortenson was involved- were they announced just last night?
Re: 400 Marquette Avenue
Posted: March 13th, 2013, 10:21 am
by MotorCity2TwinCities
I want renderings!!!!!! This and a tower or two on one of the surface lots by the library would do wonders in filling the skyline gap between the fifth street towers and the Carlisle!