The City of Minneapolis is considering a plan to convert a 55-acre site containing an impound lot into a mixed-use office and residential project.
"Minneapolis-based Ryan has proposed a mix of about 900 residential units and up to 1.6 million square feet of office space for most of the 55-acre site. It now holds the city's vehicle-impound lot and an adjacent parcel used for storage and concrete crushing by the Public Works Department."
"An estimated timeline for the project calls for Ryan to begin work in 2010 and develop the project in three phases over about 10 years. Ryan would need to secure a large tenant for the office space, which would be developed as a corporate headquarters site."
Read the full story: Big ideas for Minneapolis impound site
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