Historic Mill District to be site for American Academy of Neurology world headquarters
The Minneapolis City Council unanimously approved the land sale and financing for the American Academy of Neurology (AAN) world headquarters at their meeting on Friday, Oct. 22. The headquarters will be located in the City's Mill District at 211 Chicago Avenue South. The Council action paves the way for redevelopment of one of the last remaining properties in the historic Mill District.
The City's approvals of the land sale to AAN for $661,000 and the issuance of up to $16,500,000 in tax-exempt Revenue Bonds, designated as City of Minneapolis Recovery Zone Facility Bonds, will help AAN develop the 62,000 square-foot office building, bringing more than 125 jobs to the riverfront. The Recovery Zone Facility Bonds are designed to encourage capital investment and are funded through the American Recovery and Reinvestment Act of 2009. \
Rendering, American Academy of Neurology, courtesy of ESG Architects, Inc.
Mortenson Construction, along with ESG Architects Inc. and 20 Below Studio, will break ground on the new AAN headquarters in early 2011 with the building scheduled to be ready for occupancy in spring 2012. The five-story building features a sensory garden, roof-top terrace and state of the art meeting space capabilities. The Academy will also provide electricity to vendors of the Mill City Farmers Market through outlets strategically placed along the exterior of the LEED certified building.
The American Academy of Neurology is the worlds largest professional association of neurologists. Founded by the chair of the neurology department at the University of Minnesota in 1948, the American Academy of Neurology has more than 22,500 neurologists and neuroscience professionals dedicated to promoting the highest quality patient-centered neurologic care. For more information about the Academy, visit AAN.com.
Published Oct. 22, 2010