RBC Wealth Signs 310 KSF Office Lease

The company will move its employees into United Properties’ soon-to-be redesigned, 33-story tower located in downtown Minneapolis. The mixed-use project will include office space, a hotel and residential condos.
Rendering of the Gateway
Rendering of the Gateway

RBC Wealth Management has signed a lease at United Properties’ Gateway, a mixed-use tower in downtown Minneapolis. United Properties revealed a new design for the 33-story building. According to StarTribune, the million-square-foot tower—valued at approximately $330 million—will include office space, a Four Seasons hotel and residential condos.

Located on 3rd St., between Nicollet and Hennepin avenues, RBC will occupy approximately 310,000 square feet. The Gateway will feature a 275-key, five-star hotel, Class A office space, approximately 18 condominiums on the top floors, outdoor swimming pool, fitness center, street-level retail space, underground parking and a private outdoor terrace.

“There is still work to do to get this done, but I would say it’s a breakthrough … for downtown. It’s been many years since it has had a tower with Class A office (space), hotel and condos,” President & CIO of United Properties Bill Katter told StarTribune.

Construction is slated to begin in spring 2019 and be completed in 2021. In June 2017, United Properties developed a 400,000-square-foot, two-phased Minnesota facility for Prime Therapeutics LLC.

Rendering courtesy of RBC Wealth Management