With a $1 billion NFL stadium on the way, and a $400 million mixed-use development that recently broke ground next door to the new home of the Vikings, stakeholders have high hopes for Minneapolis' downtown.
Christina Capecchi reports on the big plans, already under construction, in Downtown Minneapolis. First, there's the $1 billion NFL stadium, which was recently granted the 2018 Super Bowl the city had been seeking. Then there's the city's largest real estate project in two decades: a $400 million mixed-use development next to the new stadium.
"The five-block project, called Downtown East, includes plans for two 18-story office towers for Wells Fargo, a six-level parking ramp, about 24,000 square feet of retail space, 193 apartments and a four-acre urban park near the stadium’s northwest corner," reports Capechi.
"The redevelopment was made possible in February when the Star Tribune Media Company sold five city blocks — four to the Minneapolis-based developer Ryan Companies and one to the Minnesota Sports Facilities Authority, the public body overseeing construction of the Vikings stadium. The newspaper’s staff will relocate."
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