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


Chicago WSox - LP: Z. Duke 1 FINAL
Detroit - WP: J. Soria 2
San Diego - WP: J. Shields 5 FINAL
Chicago Cubs - LP: B. Schlitter 4
Philadelphia - LP: S. O Sullivan 2 FINAL
Washington - WP: M. Scherzer 7
Milwaukee - LP: J. Nelson 3 FINAL
Pittsburgh - WP: V. Worley 6
Atlanta - WP: C. Martin 8 FINAL
Toronto - LP: B. Cecil 7
Miami - LP: B. Hand 1 FINAL
NY Mets - WP: B. Colon 4
Baltimore - LP: B. Matusz 2 FINAL
Boston - WP: K. Uehara 3
NY Yankees - WP: D. Betances 5 FINAL
Tampa Bay - LP: K. Jepsen 4
LA Angels - WP: C. Ramos 6 FINAL
Houston - LP: C. Qualls 3
Cleveland - LP: B. Shaw 2 FINAL
Minnesota - WP: B. Boyer 3
Oakland - LP: D. Otero 4 FINAL
Kansas City - WP: W. Davis 6
Cincinnati - LP: J. Cueto 1 FINAL
St. Louis - WP: M. Wacha 6
Colorado - LP: K. Kendrick 3 FINAL
Los Angeles - WP: C. Kershaw 7
Texas - WP: Y. Gallardo 3 FINAL
Seattle - LP: J. Happ 1
Arizona - WP: J. Collmenter 9 FINAL
San Francisco - LP: J. Peavy 0
Ottawa 2 FINAL(OT)
Montreal 3
NY Islanders 3 FINAL
Washington 4
Chicago 2 FINAL
Nashville 6
Calgary 1 FINAL
Vancouver 4
San Jose 0 FINAL
Red Bull New York 2
Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters



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 NoonX20-9
Sep 28 - vs. Atlanta 3:25 pmX41-28
Oct 2 - at Green Bay 7:25 pmX42-10
Oct 12 - vs. Detroit NoonX17-3
Oct 19 - at. Buffalo NoonX17-16
Oct 26 - at Tampa Bay NoonX19-13 ot
Nov 2 - vs. Washington NoonX29-26
Nov 9 - Bye
Nov 16 - at Chicago NoonX21-13
Nov. 23 - vs. Green Bay NoonX24-21
Nov. 30 - vs. Carolina NoonX31-13
Dec 7 - vs. NY Jets NoonX30-24 ot
Dec 14 - at Detroit 3:25 pmX16-14
Dec 21 - at Miami NoonX37-35
Dec 28 - vs. Chicago NoonX13-9




question of the day

Poll: Where will Adrian Peterson be playing in 2015?

Weekly Question