MINNEAPOLIS—United Properties is set to begin its next development project in this city's hot North Loop neighborhood. Target Field Station Center, a class A building on the remaining land parcel next to Target Field Station, the transportation hub next to Target Field. Located at the southeast corner of Sixth Ave. North and Fifth St. North and adjacent to the 288-car public parking facility, the building will have up to 10 stories and about 240,000-square-feet.
“The development of this new project at Target Field Station builds on United Properties' previous success and ongoing commitment in the North Loop,” says Bill Katter, executive vice president, United Properties. “This area continues to be one of the most exciting places for next-generation office space in the Twin Cities.”
United Properties will purchase the 0.75-acre site from Hennepin County and begin the planning process with the city early next year. The company expects to break ground in the fall and complete the project in late 2016.
Although the plans remain fluid, the interior will likely include exposed ceilings and large, open office space similar to other North Loop and Warehouse District buildings. Amenities will include a restaurant across from the entrance to Target Field Station, a roof terrace with lounge, bike storage, fitness center and underground executive parking. United Properties will also seek US Green Building Council LEED certification.
In 2012, the company began work with the Minnesota Twins and Hennepin County to develop the land near Target Field Station, including the Caribou Coffee on the site earlier this year. The new building will be adjacent to United Properties' Ford Center and across from the company's site for the future Be The Match headquarters. As reported in GlobeSt.com, United Properties also acquired and renovated the historic Loose Wiles Building in the North Loop that was once a commercial bakery.
Jim Montez of Cushman & Wakefield|NorthMarq will lease the project.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
