CPM and Swervo Development are the latest developers to jump into the North Loop neighborhood development race in Minneapolis, with a proposal for a 10-story office building.
The Minneapolis companies hope to build it on a block that’s now a surface parking lot between N. 5th Avenue and the Cedar Lake Bike Trail, according to city documents made public Friday.
The plan faces its first public test on Thursday at a Minneapolis Planning Commission Committee of the Whole meeting.
The project is a late entrant in a flurry of speculative office towers proposed for the area. It sits diagonally across railroad tracks from the only such project to get off the ground: the T3 building that’s under construction by developer Hines.
Bloomington-based United Properties is considering a 10-story office building at the foot of the Target Field Station light-rail stop. Minneapolis-based Schafer Richardson is fleshing out plans for an 11-story office building nearby. All four projects are within four blocks of Target Field.
The exterior design is “a modern interpretation of the historic character of the district with brick veneer and larger divided lite windows that provide optimal openings for daylighting and visual connections for tenants,” according to DJR Architecture’s project description.