Downtown East ramp draws wide interest from developers

  • Article by: JANET MOORE , Star Tribune
  • Updated: January 17, 2014 - 5:20 AM

The deadline for request for proposals is Feb. 4

Several prominent real estate firms — from Minneapolis to Malaysia — have expressed interest in developing the top portion of a parking ramp that is part of the $400 million Downtown East project.

The 1,600-space, six-story ramp is a key part of an ambitious development proposed by Ryan Cos., which also includes two office towers for Wells Fargo & Co., up to 400 apartments, retail shops and restaurants, and a nearly two-block park on land now owned by the Star Tribune.

The $49 million ramp will ultimately be owned by the Minnesota Sports Facilities Authority, the body overseeing the nearby $1 billion Vikings stadium. But Minneapolis recently issued a request for proposals to develop for the “air rights” above the structure, as well as a strip of land facing S. 4th Street, across from a light-rail stop.

Possible uses that have been discussed for space above the ramp include a hotel or offices, while residential uses have been suggested for the liner parcel, as well as offices.

At a meeting of several downtown Minneapolis neighborhood groups Thursday night on the Downtown East development, several residents quizzed representatives from Ryan about the parcel that’s partly in play.

According to documents posted Thursday on the city’s website, a conference call with city officials was held on Monday for those interested in learning more about the project. Among those dialing in: the Ackerberg Group, the developer of the MoZaic office complex in Uptown; Sherman Associates, a long-standing local developer that has completed over $2 billion in real estate projects since 1979; Summit Hotel Properties Inc., which recently renovated the Centre Village building in Minneapolis into a Hyatt Place hotel, and Ryan Cos.

Other developers listening hailed from North Carolina, Colorado and even Malaysia. The Brunsfield International Group of Kuala Lumpur developed the 47-unit Brunsfield North Loop apartments in Minneapolis, considered an inventive project.

Proposals are due Feb. 4. There’s no telling whether any developers on the conference call will actually submit plans.

The city said in its request that it would like the project to contribute to the “vibrancy and livability in Downtown East through the inclusion of active ground floor uses and other public amenities such as retail, entertainment, and storefront commercial offices.”

Ryan plans to complete the ramp by the end of 2015.

 

Janet Moore • 612-673-7752

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Los Angeles - LP: C. Frias 2 FINAL
Colorado - WP: J. De La Rosa 16
San Francisco - WP: S. Romo 4 FINAL
Arizona - LP: A. Reed 2
Boston - LP: C. Buchholz 1 FINAL
Pittsburgh - WP: F. Liriano 9
Toronto - LP: J. Happ 1 FINAL
Baltimore - WP: B. Norris 6
Washington - LP: R. Detwiler 1 FINAL
Atlanta - WP: A. Wood 3
Miami - WP: H. Alvarez 4 FINAL
NY Mets - LP: D. Gee 3
NY Yankees - WP: B. McCarthy 3 FINAL
Tampa Bay - LP: A. Cobb 2
Cincinnati - LP: D. Corcino 1 FINAL
Chicago Cubs - WP: K. Hendricks 3
Chicago WSox - LP: C. Sale 2 FINAL
Kansas City - WP: Y. Ventura 6
Cleveland - WP: C. Carrasco 2 FINAL
Houston - LP: B. Oberholtzer 0
Detroit - LP: D. Price 4 FINAL
Minnesota - WP: K. Gibson 8
Milwaukee - LP: M. Fiers 0 FINAL
St. Louis - WP: A. Wainwright 2
Seattle - LP: J. Paxton 0 FINAL
LA Angels - WP: C. Wilson 5
Texas - WP: R. Ross Jr. 6 FINAL
Oakland - LP: S. Doolittle 1
Philadelphia - WP: C. Hamels 5 FINAL
San Diego - LP: E. Stults 2
Tampa Bay 7:25 PM
Atlanta
San Diego 9/21/14 12:00 PM
Buffalo
Dallas 9/21/14 12:00 PM
St. Louis
Washington 9/21/14 12:00 PM
Philadelphia
Houston 9/21/14 12:00 PM
NY Giants
Minnesota 9/21/14 12:00 PM
New Orleans
Tennessee 9/21/14 12:00 PM
Cincinnati
Baltimore 9/21/14 12:00 PM
Cleveland
Green Bay 9/21/14 12:00 PM
Detroit
Indianapolis 9/21/14 12:00 PM
Jacksonville
Oakland 9/21/14 12:00 PM
New England
San Francisco 9/21/14 3:05 PM
Arizona
Denver 9/21/14 3:25 PM
Seattle
Kansas City 9/21/14 3:25 PM
Miami
Pittsburgh 9/21/14 7:30 PM
Carolina
Chicago 9/22/14 7:30 PM
NY Jets
(5) Auburn 6:30 PM
(20) Kansas State
Connecticut 9/19/14 7:00 PM
So Florida
Old Dominion 9/20/14 11:00 AM
Rice
Troy 9/20/14 11:00 AM
(13) Georgia
Georgia Tech 9/20/14 11:00 AM
Virginia Tech
Eastern Mich 9/20/14 11:00 AM
(11) Michigan State
Iowa 9/20/14 11:00 AM
Pittsburgh
Bowling Green 9/20/14 11:00 AM
(19) Wisconsin
Maryland 9/20/14 11:30 AM
Syracuse
Tulane 9/20/14 11:30 AM
Duke
Hawaii 9/20/14 1:00 PM
Colorado
Marshall 9/20/14 1:00 PM
Akron
North Carolina 9/20/14 2:30 PM
East Carolina
Army 9/20/14 2:30 PM
Wake Forest
Virginia 9/20/14 2:30 PM
(21) BYU
(6) Texas A&M 9/20/14 2:30 PM
SMU
Rutgers 9/20/14 2:30 PM
Navy
Central Mich 9/20/14 2:30 PM
Kansas
Utah 9/20/14 2:30 PM
Michigan
Florida 9/20/14 2:30 PM
(3) Alabama
Louisville 9/20/14 2:30 PM
FIU
Fla Atlantic 9/20/14 3:00 PM
Wyoming
Indiana 9/20/14 3:00 PM
(18) Missouri
San Jose St 9/20/14 3:00 PM
Minnesota
Texas State 9/20/14 3:00 PM
Illinois
Massachusetts 9/20/14 3:00 PM
Penn State
Georgia State 9/20/14 5:00 PM
Washington
Appalachian St 9/20/14 6:00 PM
Southern Miss
Miss State 9/20/14 6:00 PM
(8) LSU
Northern Ill 9/20/14 6:00 PM
Arkansas
Middle Tennessee 9/20/14 6:00 PM
Memphis
Utah State 9/20/14 6:00 PM
Arkansas State
Miami-Ohio 9/20/14 6:00 PM
Cincinnati
Idaho 9/20/14 6:00 PM
Ohio U
Ball State 9/20/14 6:00 PM
Toledo
(14) So Carolina 9/20/14 6:30 PM
Vanderbilt
(4) Oklahoma 9/20/14 6:30 PM
West Virginia
Ga Southern 9/20/14 6:30 PM
South Alabama
UNLV 9/20/14 7:00 PM
Houston
(22) Clemson 9/20/14 7:00 PM
(1) Florida State
Miami-Florida 9/20/14 7:00 PM
(24) Nebraska
New Mexico 9/20/14 7:00 PM
New Mexico St
California 9/20/14 9:00 PM
Arizona
Louisiana 9/20/14 9:30 PM
Boise State
(2) Oregon 9/20/14 9:30 PM
Washington St
San Diego St 9/20/14 9:30 PM
Oregon State
Toronto 9/19/14 9:00 PM
Brt Columbia
Edmonton 9/20/14 6:00 PM
Hamilton
Calgary 9/21/14 12:00 PM
Montreal
Ottawa 9/21/14 3:00 PM
Saskatchewan
Montreal 9/26/14 6:00 PM
Ottawa
Saskatchewan 9/26/14 9:00 PM
Edmonton
Hamilton 9/27/14 5:30 PM
Winnipeg
Brt Columbia 9/27/14 8:30 PM
Calgary
Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

Date/Opponent Time W L Score
2014 preseason     
Aug 8 - vs. Oakland 7 pmX10-6
Aug 16 - vs. Arizona 7:30 pmX30-28
Aug 23 - at Kansas City 7 pmX30-12
Aug 28 - at Tennessee 7 pmX19-3
2014 regular season     
Sep 7 - at St. Louis NoonX34-6
Sep 14 - vs. New England NoonX30-7
Sep 21 - at New Orleans Noon
Sep 28 - vs. Atlanta 3:25 pm
Oct 2 - at Green Bay 7:25 pm
Oct 12 - vs. Detroit Noon
Oct 19 - at. Buffalo Noon
Oct 26 - at Tampa Bay Noon
Nov 2 - vs. Washington Noon
Nov 9 - Bye
Nov 16 - at Chicago Noon
Nov. 23 - vs. Green Bay Noon
Nov. 30 - vs. Carolina Noon
Dec 7 - vs. NY Jets Noon
Dec 14 - at Detroit Noon
Dec 21 - at Miami Noon
Dec 28 - vs. Chicago Noon

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

question of the day

Poll: Do you support Wednesday's decision to sideline Adrian Peterson again?

Weekly Question

ADVERTISEMENT

 
Close