United Properties is in the middle of the renovation of yet another brick-and-timber building just steps away from Target Field in downtown Minneapolis.
The 150,000-square-foot Kickernick building, which sits on the corner of 1st Avenue N. and S. 5th Street, is in the midst of an overhaul to restore its brick-and-timber charm. The dropped ceilings will be removed to expose its original structure. New elevators, renovated bathrooms and open seating will be added to the lobby. Bike storage and showers will be included on the first floor. The renovations are expected to be completed by the third quarter of the year.
United Properties bought the structure last June for close to $19.2 million.
"We've had great success with other renovations of historic buildings in Minneapolis, including the Ford Center and Loose-Wiles," Gordy Stofer, vice president of office development at United Properties, said in a statement. "Similarly, the Kickernick building has a rich architectural history that we look forward to celebrating with this renovation."
The building is 75 percent occupied with office and retail tenants including Brothers Bar & Grill on the main floor.
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