Here's a first look at new renderings of a proposed 29-story tower with 189 rental apartments that would take the place of the Nye's Polonaise Room across the river from downtown Minneapolis.

The developers of the project include long-time Twin Cities-based Schafer-Richardson and restaurant owners, Rob and Tony Jacob. Under the current proposal, which is being reviewed by a neighborhood task force and the Heritage Preservation Commission, two of the most historic Nye's buildings would be preserved and the other two demolished. The tower would sit atop two levels of underground parking, five levels of above-grade parking and retail space on the ground level.

Click here to see more images.