In addition to medical office buildings, a 40,000-square-foot grocery store, restaurants, and more, the City Place development will feature two hotels.
Real Estate
Graves 601 will officially change hands this summer when Graves Hospitality sells the 21-floor hotel for an undisclosed sum.
The street-level portion of Parasole’s Uptown Cafeteria has reportedly closed and will soon transform into the Libertine, a “modern steakhouse.”
Could Minneapolis City Hall drive a new downtown office project?
The owners of the iconic downtown Minneapolis venue are renovating a fading Midway rock club.
Ryan Companies recently awarded contracts to six companies, five of which are from Minnesota, to help build the structure of the new Lowertown Ballpark for the St. Paul Saints.
CSM Corporation is planning new buildings in Rogers and Brooklyn Park.
Representative Morrie Lanning: “It’s not just the Super Bowl. It’s a $400 million project being built around the new stadium. I don’t know how anybody can now feel that this was a bad deal.’’
A new Met Council report tallies $2.5 billion in investments near the light-rail line, but the number is far from an exact science.
The downtown Minneapolis vacancy rate ticked up while more large projects are in the pipeline.
The City of Minneapolis might work with a nonprofit to determine the financial feasibility of “deconstruction,” which is described as a more environmentally friendly alternative to traditional demolition.
Founded by local businessman Jeff Mack, Cachet Financial Solutions significantly narrowed its net loss in its most recent quarter and increased revenue, and is now planning a stock offering.
The Minneapolis-based construction company is planning to build a new 80,000-square-foot headquarters near its current downtown headquarters this fall.
The new “Wedge Community Table” is part of the co-op’s multi-year expansion project, which also calls for a renovation of its Lyndale location and the addition of another grocery store.
Step inside and the interior—with a fountain in the lobby, terrazzo tile floors and stadium seating for nearly 1,000—is pure Art Deco.
In 1953, Gerry Rauenhorst founded Rauenhorst Construction Company, which evolved into what is today the Minnetonka-based Opus Group.
The Brennan Investment Group recently purchased buildings in Coon Rapids, St. Louis Park, Maple Grove, and Milwaukee, Wisconsin.
The Hennepin County Medical Center plans to build a 322,000-square-foot medical center across the street from its current emergency department in downtown Minneapolis.