This baby is going to be big.
On Thursday one of the largest construction companies in America will have its first public meeting with the city of Minneapolis to talk about its proposed development spanning two blocks in Northeast near the Mississippi River. See also: 10 Skyscrapers That Will Change the Minneapolis Skyline
According to documents submitted to the Planning Commission, Lennar Multifamily Communities wants to build its development in two phases.
- Construction fall 2015-fall 2017
- Contains a 21-story tower and a 5-6-story, L-shaped building
- 278 apartments
- 44,000 square feet of retail
- 340 parking space in a three-story parking ramp (one level below ground)
- Construction fall 2017-fall 2019
- One 30-story tower
- 490 apartments
- 49,000 square feet of retail
The yet-to-be-named development is planned for a recently cleaned up Superfund site that used to be home to Superior Plating (315 1st Ave. NE).
The plans show a block of 4th St. NE getting converted into a Dutch-inspired, pedestrian-friendly street called a woonerf. The city just approved its first woonerf as part of the Mill City Quarter Development on the other side of the Mississippi riverfront.
Mill City Quarter's woonerf allowed Eagle Iron Partners to become the first developer to escape paying the city's new parkland dedication fee, which the city will use to eventually buy nearby green space. No word on whether Lennar will try to do the same with its woonerf.
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