No deal yet on Wells Fargo move to Downtown East project

  • Blog Post by: Janet Moore
  • October 16, 2013 - 4:54 PM

Though the developer of the $400 million Downtown East mixed-use project and Wells Fargo remain coy about the bank's involvement in the deal, renderings submitted to the city seem pretty clear. Wells Fargo's name is all over the proposed signage for the office portion of the project.

Minneapolis-based Ryan Cos. plans a new campus for a corporate client for five blocks on the eastern stretch of downtown now owned by the Star Tribune. The development also includes about 300 residential units, a two-block city park and retail offerings.

While Ryan and Wells Fargo have confirmed they're talking about the bank locating in the office portion of the project, no formal deal has been struck. Ryan's vice president of development Rick Collins reports, "[we're] all working hard together, but no signed agreements yet.

Documents submitted to the city in preparation for a Planning Commission meeting Thursday show several variations of Wells Fargo signage -- from big signs on two office towers, to doors, ATMs and windows.  A few of the renderings are marked: "Preliminary Plan -- Subject to Change."

Janet Moore covers commercial real estate for the Star Tribune.

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