Real Estate Notebook: More new projects emerge in Minneapolis

July 9, 2015 at 7:11PM
Demolition of Superior Plating building at 315 First Ave. N.E. in Minneapolis. ] (MARLIN LEVISON/STARTRIBUNE(mlevison@startribune.com)
Lennar Multifamily hopes to start building this fall on the former Superior Plating site. (The Minnesota Star Tribune)

Emerging projects

It's been a big week at Minneapolis City Hall. On Monday, the city's Planning Commission reviewed several housing projects at various stages in the permitting process. A rundown:

• CPM Development wants to build the Huron and Essex Hotel in the Prospect Park neighborhood near the University of Minnesota. It's a five-story, 140-room hotel with restaurant and banquet/meeting facilities on two parcels at 501 Huron Blvd. and 2510 SE. Essex St. near Stadium Village.

• Sherman Associates is planning to build a 192,000-square-foot mixed-use building in the Downtown East neighborhood next to two existing office buildings that will be repurposed as a hotel and offices. The new building will include a grocery store on the corner of Washington and Chicago avenues. That building will have 183 apartments, two levels of underground parking with 283 spaces and a surface lot with 80 parking spaces for the grocery store.

• Greco has proposed replacing the ABC industrial warehouse building in the North Loop with a six-story brick building with 143 apartments, seven of which are walk-up units, and two to three commercial spaces with 16,776 square feet. One tenant could be a gym and the other a restaurant with outdoor seating. The proposed development would have 156 parking spaces for the apartments in two levels of underground parking.

• Episcopal Homes wants to build the Episcopal Commons at 1730 Clifton Place in Minneapolis, where an existing office building would be demolished. The company would build a four-story, mixed-use building with two levels of below-ground parking, 59 living units and about 10,300 square feet of office space. The office space will be on the first floor and be used by the Episcopal Church of Minnesota. There will be 163 stalls in two levels of parking, some of which will be owned by St. Mark's Episcopal Cathedral.

• Lennar Multifamily hopes to start construction this fall on a two-phase, mixed-use development on the former Superior Plating site. The first phase of the project would encompass the western parcel at the northeast corner of University Avenue and 1st Avenue NE. The proposal includes a tower up to 21 stories. The first phase is expected to start this fall and take two years to build.

Jim Buchta

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