MINNEAPOLIS—UnitedProperties is set to begin its next developmentproject in this city's hot North Loop neighborhood. TargetField Station Center, a class A building on the remainingland parcel next to Target Field Station, thetransportation hub next to Target Field. Locatedat the southeast corner of Sixth Ave. North and Fifth St. North andadjacent to the 288-car public parking facility, the building willhave up to 10 stories and about 240,000-square-feet.

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“The development of this new project at Target Field Stationbuilds on United Properties' previous success and ongoingcommitment in the North Loop,” says Bill Katter,executive vice president, United Properties. “This area continuesto be one of the most exciting places for next-generation officespace in the Twin Cities.”

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United Properties will purchase the 0.75-acre site fromHennepin County and begin the planning processwith the city early next year. The company expects to break groundin the fall and complete the project in late 2016.

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Although the plans remain fluid, the interior will likelyinclude exposed ceilings and large, open office space similar toother North Loop and Warehouse District buildings. Amenities willinclude a restaurant across from the entrance to Target FieldStation, a roof terrace with lounge, bike storage, fitness centerand underground executive parking. United Properties will also seekUS Green Building Council LEED certification.

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In 2012, the company began work with the Minnesota Twins andHennepin County to develop the land near Target Field Station,including the Caribou Coffee on the site earlierthis year. The new building will be adjacent to United Properties'Ford Center and across from the company's site forthe future Be The Matchheadquarters. As reported in GlobeSt.com, UnitedProperties also acquired and renovated the historic LooseWiles Building in the North Loop that was once acommercial bakery.

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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.