Community Planning & Economic Development > Current Projects

Nicollet Hotel Block

Bounded by Third Street South, Washington Avenue, Hennepin Avenue and Nicollet Mall

The City of Minneapolis is exploring redevelopment options for the Nicollet Hotel Block. The former site of a historic hotel, this block is considered a gateway to Downtown Minneapolis with sight lines to the Hennepin Avenue Bridge spanning the Mississippi River. The block borders the new Minneapolis Central Library and is located on three key arterials: Nicollet Mall, Hennepin Avenue, and Washington Avenue. The Hiawatha Light Rail line runs two blocks away. The original development objectives for this site call for a mixed-use, transit-oriented project.

The City purchased the Nicollet Hotel Block in 1993 with $2.8 million in grant funds from the Federal Transit Administration (FTA). As required by the FTA under the grant agreement with the City, future redevelopment must include a transit facility component at this or another FTA-approved site. In 2005, the City issued a request for development proposals for the site; however, since no formal proposals were submitted in response to the RFP, the City is continuing to explore redevelopment options for this site.

Nicollet Hotel Block RFP information

Developer:

To be determined

Development Objectives: 

Publicly funded underground transit terminal at this or another FTA-approved site.

Mixed-use development and/or green space.

City Investment:

The City will sell the site at fair market value.

 

The City/Metro Transit will provide public funding for the transit terminal.

Construction Began: 

TBD

Expected Completion Date: 

TBD

Contact:

CPED Project Coordinator Miles Mercer at (612) 673-5043.

Information subject to change.

January 2009

Last updated Nov 2, 2011