Mortenson released more details Tuesday on its redevelopment proposal for the Nicollet Hotel Block -- a city-owned parcel in Minneapolis' Gateway District that received four lofty bids last week.
The Golden Valley-based company's plan includes:
- A 31-story residential tower with 273 apartment units
- Seven-story hotel with 171 guestrooms
- Five-story office structure with 60,000 square feet of office and ground floor retail space
- 15,000 square-foot gateway plaza; including a water feature, art space, and capable of accommodating a winter ice skating rink
- Supported by underground and structured parking
The Star Tribune reported Friday that four local developers had submitted proposals for the block, currently owned by the City of Minneapolis and functioning as a surface parking lot. All of the proposals include streetcar-ready design and am emphasis on public art and park space. The city envisions this block serving as the keystone between a soon-to-be remodeled Nicollet Mall and the Mississippi River.
Minneapolis-based Doran Development is proposing a 30-story residential building and a six-story Graves Hotel. Bloomington-based United Properties wants to build a 36-story building with a Hilton hotel, 300 residential units, retail, restaurants and offices. And Minneapolis newcomer Duval Development is proposing an eyebrow-raising 80-story hotel, apartment and office tower.
"We embrace the City's vision for an iconic design and sustainable urban space that connects the Gateway District and welcomes the community," said Bob Solfelt, vice president and general manager of Mortenson Development, in a statement. "We have brought together an unparalleled project team that has a strong connection to Minneapolis and the downtown community. Our proposal is for a vibrant, financially-feasible project that will bridge neighborhoods and become a true landmark."
Mortenson's team includes The Excelsior Group, Coen+Partners, ESG Architects and RSP Architects.
