Twin Developments to Revitalize Downtown Minneapolis

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.
May 30, 2014, 11am PDT | James Brasuell | @CasualBrasuell
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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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Published on Tuesday, May 27, 2014 in New York Times
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