Wells Fargo Wants to Grow Home Mortgage Campus in Minneapolis by 1,250 Workers
Wells Fargo is asking the City of Minneapolis for approval to build an addition to the parking garage next to its home mortgage campus in South Minneapolis. The request, if approved, would help the bank expand its team base at the facility by 1,250 workers.
Wells Fargo’s proposed expansion — to increase the garage’s size from nearly 637,000 square feet to just under 950,000 square feet — would add 696 parking spaces, bringing the garage’s total capacity to 2,935 cars.
Despite adding more room to park, the site would still be short the space it needs to accommodate its current workforce if everyone drove. Nevertheless, with the possible addition of 1,250 workers to the bank’s South Minneapolis campus, the facility’s population is projected to reach roughly 5,000 workers.
In Minneapolis alone, Wells Fargo employs over 11,000 workers and occupies nearly 4 million square feet of office space.
“The project will replace what is currently a surface parking lot and will result in an overall reduction in impervious area for the parcel,” said Ryan Companies in the proposal. Minneapolis-based construction firm Ryan Companies is currently working with Wells Fargo on the parking lot addition.
Neither company has yet provided a potential cost for the addition located between 28th Street East and 29th Street East alongside Interstate 35W.