Exciting news day in Minneapolis...yesterday the bidding closed on the RFP for the Nicollet Hotel block...which has been vacant since 1991. At the north end of Nicollet mall, it is near the historical center of Minneapolis. Four companies returned bids, and we have seen info on 3 of the proposals so far...the biggest coming in at 80 stories and 900 feet! Will be interesting to watch this play out and see who has the wherewithal and who gets the bid! Whomever wins, construction is to begin in early to mid 2016.
http://www.bizjournals.com/twincitie...ock-duval.html
Duval Proposal, 80 floors, 900 feet
Doran, 30 floors
United, 36 floors
We haven't seen the 4th proposal yet.
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