Big Uptown Complex Mozaic Opens Plaza, Ramp
Minneapolis-based developer The Ackerberg Group announced Wednesday that Mozaic-a 10-story commercial building that it constructed in the heart of Minneapolis' trendy Uptown area-opened its parking ramp, public plaza, and pedestrian bridge last week.
The Ackerberg Group completed construction of the project in September 2011. Mozaic is located at 1340 Lagoon Avenue-between Hennepin and Fremont avenues, south of the Midtown Greenway, north of Lagoon Cinema, and adjacent to the Uptown Transit Station.
The development comprises more than 65,000 square feet of office space, approximately 13,000 square feet of retail and restaurant space, a 436-stall parking ramp, 116 surface parking stalls, a street-level public plaza, and a public park. The project's pedestrian and bike bridge is designed to provide access to the middle of Uptown from the Midtown Greenway bike and pedestrian trails.
The building's first tenants-which the developer did not disclose-will move in this spring. The Pioneer Press reported last month that Bar Louie, a Glenville, Illinois-based tavern and grill chain, plans to open its first Minnesota location in the building.
The $370,000 bridge and parking ramp was developed through a public-private partnership between Hennepin County's Transit Oriented Development (TOD) program, The Ackerberg Group, Minneapolis-based developer Greco, the Hennepin County Regional Rail Authority, and the City of Minneapolis. The TOD program provided $265,000, and the remaining funds came from The Ackerberg Group and Greco.
The Ackerberg Group anticipates a future development on the east side of the site that could accommodate up to 150,000 square feet of additional commercial, residential, or mixed-use space, according to its website.