Mortenson Continues Downtown Minneapolis Development Plans with New 220-Room Hotel Project

Mortenson Development is planning a nine-story, 220-room hotel near the First Avenue nightclub in downtown Minneapolis.

Mortenson Development is planning a nine-story, 220-room hotel near the First Avenue nightclub in downtown Minneapolis.

The Minneapolis / St. Paul Business Journal reports that the development company has a deal to buy the site at the corner of First Avenue North and Eighth Street North. The site became available after Turnstone Group, which owned it, suspended plans for a nine-story building due to increased construction costs.

Bob Solfelt, vice president of Mortenson Development, told the business journal it is still too early to identify a hotel operator, although a limited-service one is most likely to be chosen. Although Mortenson has yet to submit plans to the city, the company is aiming to open the hotel by the time the Minnesota Twins host the MLB All-Star Game at Target Field in July 2014.

The development firm also recently released the first rendering of a new 30-story luxury apartment tower in downtown Minneapolis. Designed by Minneapolis-based Urbanworks Architecture, the project dubbed as 4Marq could feature a seven-story pedestal and an indoor parking garage. The garage roof could be partially covered by a patio; the remainder of the building is glass with a white external skeleton. Mortenson had planned to submit the formal development application for the 262-unit building to the city by the end of March, but the plans were delayed for a few weeks.

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Logo Courtesy of: www.mortenson.com

Rendering Courtesy of: Urbanworks Architecture via www.ci.minneapolis.mn.us