Block 1: Ryan Companies Downtown East Project
Monday, March 18, 2019 at 7:22AM
UPDATE: The City Planning Commission approved this project on a unanimous vote on Monday, March 11.
Ryan Companies is proposing a 25 story, 342 unit apartment building as part of the Vikings stadium driven redevelopment of a major portion of the Downtown East neighborhood. The project goes before the Planning Commission today, meeting starts at 4:40 pm. From the staff report (download complete report below):
SITE DESCRIPTION AND PRESENT USE. The site is located on South 4th Street between Park Avenue and Chicago Avenue. The site is currently vacant.
SURROUNDING PROPERTIES AND NEIGHBORHOOD. The site is surrounded by office and commercial buildings, residential developments of varying densities, The Commons, US Bank Stadium and structured and surface parking lots. The site is located in the Downtown East neighborhood
PROJECT DESCRIPTION. Ryan Companies has redeveloped the majority of five blocks on the east side of Downtown Minneapolis over the course of the last six years in four phases. Three of the blocks are bounded by South 3rd Street, 5th Avenue South, South 4th Street and Chicago Avenue South and the two additional blocks are bounded by South 4th Street, 5th Avenue South, South 5th Street and Park Avenue. The entire development has been reviewed as a multi-phased Planned Unit Development (PUD).
PHASE V - Current proposal: The fifth phase of the PUD will be a 342-unit residential building located on the southern half of the block bounded by South 3rd Street, Park Avenue, South 4th Street and Chicago Avenue. The building will be approximately 320,000 square feet in size and 25 stories tall. There will be ground floor lobby and residential amenity space and rooftop amenity space provided in the building. Some of the ground floor amenity space could also be used as commercial tenant space depending on the market. There will also be a ground floor parking and loading area. Access to this space will be from South 4th Street. There will be 120 parking spaces in the building. Access to the parking will be from South 4th Street, Park Avenue and the adjacent parking garage. The building will connect to the city’s skyway system.
