Several major developers have proposed new office developments in the North Loop area of Minneapolis, including United Properties, Schafer Richardson, Hines, Swervo and CPM Cos. These proposed developments range in size from 200,000 to 500,000 square feet, with some planning buildings at vacant lots and parking areas. Now that T3 was recently completed as the first new office building since the Recession, securing a large anchor tenant may allow one of these proposed developments to finally break ground.
Experion Elements Sector 45 Noida_Brochure.pdf.pdf
Next North Loop Office Development in Minneapolis: Who Will Build It
1. Minneapolis–St. Paul
Who will build the next office development in
the North Loop?
Chart of the week: October 31, 2016
Sources: JLL Research
• This fall, T3 was the first speculative office development to deliver in Minneapolis since the Recession.
What will break ground next? United Properties, Schafer Richardson, Hines, Swervo and CPM Cos. all
have proposed developments in the North Loop. It’s only a matter of time until one lands a cornerstone
tenant and construction begins again.
Swervo/CPM
200,000 s.f.
Internet Exchange
parking lot
United Properties
200,000 s.f.
700 block of
Washington
Schafer Richardson
200,000 s.f.
Weather-Rite site
United Properties
240,000 s.f.
N 5th Ave & N 5th St
Hines
up to 500,000 s.f.
350 N 5th St
Proposed Development Sites
