homepage home
subscribe to Midwest Construction magazine subscribe
newsletters free e-newsletter
advertise
industry jobs industry jobs
Dodge Data & Analytics
Midwest Construction Logo
Order Your RISK FREE Subscription
comment

Office Project Seeks to Revive Minneapolis Mall

Text size: A A

Minnetonka, Minn-based Opus Development Corporation on Tuesday announced plans to construct the first office building in Minneapolis in nearly a decade, with Xcel Energy serving as sole tenant of the nine-story, 212,000-sq-ft project.

----- Advertising -----

Although the building won't rival the stature of several Minneapolis office towers completed in the early 2000s, local officials hope it will spur efforts to redevelop a blighted expanse of North Nicollet Mall, one of the city's largest commercial districts.

Opus General Manager Dave Menke told reporters the project will be “instrumental in the continuing vitality of downtown Minneapolis and the redevelopment of the north end of the Nicollet Mall.”

“Our success is tied to the community's success,” said Judy Poferl, president of Xcel's Northern States Power-Minnesota division. “This brings together a legitimate business need and a proposal that furthers redevelopment in the city.”

Xcel plans to move about half of its 1,500 employees into the new building, which will rise across the street from its headquarters.

While Opus Design Build will oversee construction of the project, Opus AE Group will serve as its architect of record. Opus expects to break ground in 2014.

Despite a lingering recession, Minneapolis has begun to show other signs of recovery. In 2011, Opus announced plans to construct a $100-million, 33-story apartment tower along Nicollet Mall. Earlier this year, a joint venture among Ryan Companies, The Excelsior Group and an institutional client of Invesco Real Estate broke ground on a 580,000-sq-ft mixed-use project that will house 286 luxury apartments and be anchored by the first Whole Foods Market in downtown Minneapolis.

Keywords:

----- Advertising -----
Blog: ENR Midwest Musings
ENR Midwest Musings delivers the latest news, insights and opinions about construction & design in Illinois, Indiana, Wisconsin and Missouri, as well as Iowa, Ohio, Michigan and Minnesota.
Reader Photos
Photos from ENR Photo Showcase
Dodge Lead Center
Search for local construction projects OR CALL 877-234-4246 and get a FREE Lead Now!
Search by Project Type & State





----- Advertising -----
 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.