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View Poll Results: Which midwest city will build the region's next 700+ footer?
Minneapolis 48 36.36%
Detroit 27 20.45%
Cleveland 20 15.15%
Columbus 11 8.33%
Cincinnati 2 1.52%
Indianapolis 1 0.76%
Milwaukee 11 8.33%
St. Louis 2 1.52%
Kansas City 2 1.52%
Omaha 1 0.76%
Des Moines 1 0.76%
Another Midwest City 6 4.55%
Voters: 132. You may not vote on this poll

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  #201  
Old Posted Jan 11, 2021, 12:35 PM
Shawn Shawn is offline
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FYI Hines has been long-gaming the air rights above Boston’s South Station since 2002. They finally broke ground on the 720 foot South Station Tower last November. Almost 20 years after first announcing the project.

Hines absolutely plays the long game.
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  #202  
Old Posted Jan 11, 2021, 3:10 PM
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Steely Dan Steely Dan is online now
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^ Hines certainly can play a good long game when they need to, but it's also not their only game plan.

We have two recent-ish Hines 700+ foot office towers here in chicago, 300 N Lasalle and River Point. 300 N Lasalle was built relatively quickly on a conventional office tower development timeline, but river point was put on hold during the great recession and it took them an extra 8 years to build it while they waited for the correct market conditions.
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Last edited by Steely Dan; Jan 12, 2021 at 3:18 AM.
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  #203  
Old Posted Jan 30, 2021, 12:42 AM
MPLS_Const_Watch MPLS_Const_Watch is online now
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Saw this report today and thought of the discussion in this thread-- despite all of the doom and gloom regarding the office market in 2020, the Minneapolis CBD submarket had significant positive absorption both overall and in Class A. Compare the Class A 150k positive absorption in the Minneapolis CBD to the Class A 399k negative absorption in the 494 Corridor (the largest suburban submarket). At 11.9%, the Minneapolis CBD has the lowest Class A vacancy rate in the metro.

The Class B rate is super high at 31.9%, looks ripe for some office to residential conversions.

http://cbre.vo.llnwd.net/grgservices...57595921685c8f
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