City of Minneapolis Seeks Nicollet Hotel Block Developer
- Oct 21, 2014
The city of Minneapolis is currently requesting proposals for the development of a mixed-use project at 30 Third St. South in the city’s Gateway District. The city council is looking for a project that includes a minimum of 20 active floors, blending a mix of commercial, retail, residential, office and hospitality space. Proposals are due Dec. 11, and a pre-proposal meeting will be held on Nov. 6 by the city’s Community Planning and Economic Development department.
Bounded by Third St. South, Washington Avenue, Hennepin Avenue and Nicollet Mall, the 1.7-acre block is currently being used as a surface parking lot and a layover facility for Metro Transit buses. The city of Minneapolis purchased the site back in 1993 with federal transit funds and initially intended to use it as a transit terminal, according to the latest RFP. However, tight regulations associated with the federal grant used to buy the property made it difficult for the city to find a developer. After issuing RFPs in 2002, 2004 and 2005, the city has been authorized to remove these federal obligations and is hoping to finally find a suitable proposal.
The site of the former 18-story Nicollet Hotel, the property is located close to Gateway Park, the Cancer Survivors Park and the Minneapolis Central Library. The city expects all development proposals to include skyway connections to the library, and hopes to pick a developer in April 2015.
Image courtesy of Sheldon Aubut’s Minneapolis History