Edward's Dessert Kitchen & First Draft Taproom and Kitchen listed as cool new places for booze and bites!

Hoodline: "Looking for the best new spots for beer, wine or cocktails in Minneapolis? You're in luck: we've found the freshest businesses to fill the bill. Here are two new places and one revamped spot to check out the next time you want to grab a drink at the bar or pair your libations with a meal."

Edwards Dessert Kitchen at Lowry

Edwards Dessert Kitchen at Lowry

“The North Loop is the perfect location for Edwards Dessert Kitchen as it is a growing community with a mix of millennials to boomers, and single people to families. The North Loop is a neighborhood where the food culture is rich and it is already a destination for those living in the Twin Cities, making it a prime place to open,” said Stacey Fowler, Schwan’s senior vice president of product innovation and development, in a statement to Twin Cities Business.

New Tenants Find Much to Love about Historic St. Anthony Riverfront

Deacon Flats, located at 125 Main Street SE, is home to some of the city’s best entertainment like St. Anthony Main Theater, Pracna and Minneapolis’s Segway tours. The stunning downtown views, access to the Mississippi River recreational paths and plentiful parking are attracting businesses looking for a balance of amenities and convenience. Assessment Systems is the latest to lease space in Deacon Flats, and is taking full advantage of the neighborhood’s character.

 The Assessment Systems team enjoying a Segway tour of their neighborhood along the Mississippi River.

The Assessment Systems team enjoying a Segway tour of their neighborhood along the Mississippi River.

With this latest transaction, Deacon Flats is 100% leased, but there’s still opportunity to move into space with great views and easy access to the river. Element is leasing space on both sides of the Mississippi River at 724 First Street in the North Loop and in the Prince Street building at 219 Main Street SE. Call or email us today for more information.

Back Story: Catching up with JoAnna Hicks

"JoAnna Hicks formed her own company, Element Commercial Real Estate, in late 2015 and has since embarked on a series of projects in two white-hot areas of Minneapolis, the North Loop and Northeast. The company is housed in the St. Anthony Main area". (Staff photo: Bill Klotz)

 

Finance and Commerce Story by Clare Kennedy, June 2017

North Loop Spring Fashion Crawl

To celebrate the spring season, the North Loop is hosting the Spring Fashion Crawl this weekend. This event highlights the walkability in the North Loop and a great opportunity to visit many small businesses participating in the crawl. In addition to shopping, the Fashion Crawl also features raffles, prizes and food trucks. Enjoy the beautiful weather and unique shops this weekend and explore the North Loop!

Whole Sum Kitchen, Brick and Mortar Coming Soon

Whole Sum Kitchen, the Twin Cities based Juice and Coffee bar, is finishing construction on its new retail location. This will be the company's first brick and mortar shop. Up until now, Whole Sum Kitchen has been operating as a mobile food truck throughout the Twin Cities area. Most recently the food truck was out celebrating in St. Paul at the St. Paul Food Truck Festival, the Linden Hills and Midtown Farmers Markets and Eagan Market Fest.

Element helped Whole Sum Kitchen find a permanent space in Southwest Minneapolis in the Lynnhurst Neighborhood. The new location at 824 West 50th Street is a prime location for the Twin Cities business. Take a look at what the talented group at Studio BV designed for the store. We're excited to see the construction progress and can't wait for Whole Sum Kitchen to open its doors. 

Photos courtesy of Whole Sum Kitchen's Facebook page and Studio BV

North Loop Oasis

It's no secret that North Loop is one of the most sought after neighborhoods in Minneapolis. It's home to creative office suites, Target Field and Target Center, boutique retailers and highly rated restaurants. You really can live, work, and play in North Loop, Minneapolis. However, tucked back in the Northwest corner of North Loop near the banks of the Mississippi River, there's an unassuming part of the neighborhood. Though it may often be overlooked, this part of the North Loop is bustling with activity.

If you venture toward 8th Avenue North, you'll quickly notice the intense traffic of downtown is left behind and replaced with tree lined streets. This section of the North Loop is home to Acme Comedy Club, In the Loop Coffee Co., Bar LaGrassa and Minnesota Opera, among others. The area also has several modern residential developments including SolHavn, Soltva, NoLo Flats and RiverStation Condominiums. With the Mississippi River just steps away, it's no wonder new developments are starting to take shape in this part of the neighborhood, too. United Properties is planning a new development next to The Freehouse, and the team at Solhem Companies is working on a new housing development at 8th Avenue North and North 2nd Street. Both properties are to be built on existing surface lots and will add to the area's already high walkability. The northwestern corner of North Loop is a blossoming area of creative living, working, eating and entertaining. 

Nestled in this area, just across the street from Solhem Companies' planned development, is 724 First, a creative, 6-story office structure in the historic Itasca V building. Element is leasing space on the 5th and 6th floors of 724 First. With incredible views of both Downtown Minneapolis and the Mississippi River Park, these spaces haven't been available to new tenants in over ten years. The charming neighborhood is perfect for biking and walking to the many neighboring amenities. Steps away from restaurants and bars, this part of North Loop has a lot to offer businesses and employees. Contact us for more information on availability at 724 First.

russell+hazel Open Flagship Store in North Loop

russell+hazel, the locally-based stationery brand, has moved from its Galleria storefront and opened its flagship store near downtown Minneapolis. As its broker, Element helped locate russell+hazel in Minneapolis's fastest growing neighborhood, North Loop. russell+hazel is nestled between Pacifier and D.Nolo, two well established North Loop retailers, in the Northwestern building at 219 North 2nd Street. Element has worked with several other retail and office tenants on the Pacific Block, and is happy to see the neighborhood continue to flourish. 

russell+hazel's space was designed in partnership with Greg Walsh of Martin Patrick 3. The team was able to recreate the brand's binder bar concept while also providing a customization bar, where clients can create unique stationery pieces. The store also features new luxe leather bags and products from its sister company, Mara-Mi. The store's buyer, Gail Lewis, supplemented the light and airy space with select products that aren't for sale elsewhere in the Twin Cities, adding to its charm and creative customer experience. 

Element has additional space available at 219 North 2nd Street in the North Loop. There are 4th floor office spaces available for lease with stunning downtown views through oversize, warehouse-style windows and 11' ceilings with beautiful concrete columns. Check out our leasing page or contact us today for more information.

North Loop's 6th Ave Streetscape Improvements

Earlier this year, the City of Minneapolis began reconstructing 6th Avenue North between North 5th Street and North Washington Avenue. The purpose of this reconstruction was to update the street's safety for pedestrians and vehicles while maintaining its historic character that can't be found anywhere else in the city. The project scope included salvaging and reinstalling existing pavers, new concrete and asphalt pavement for pedestrian crossings and intersections, new curb and gutters, drainage improvements, ADA compliance, loading dock protection, and landscaping improvements.

Construction along 6th Avenue North is expected to continue through October. The street features salvaged brick and looks to be nearly complete, but is still closed to vehicular traffic. However, the new ADA compliant sidewalk construction has completed and pedestrians are able to get up close and personal with the construction. The contractor is working on completing the concrete intersections. The construction crew will also be focusing on finishing the street surfacing, lighting and sign installation, and planting trees and placing sod through October. 

Element is excited to see the construction progress and looks forward to watching as Greco and Opus move forward with their development at the corner of 6th Ave and 4th St. The updated street will provide beautiful frontage for the new Variant mixed-use development. First floor retailers will benefit from improved pedestrian access and tree-lined streets. The brick paved street out front will pay homage to the bustling North Loop's history. Once street construction is completed, there will also be improved access to the other area amenities such as Fulton Brewery, North Loop BrewCo, Smack Shack, Black Sheep Pizza, The Loop, and Target Field.

Retail leases for the new development are available. Contact us to learn more.

Real estate notebook: Opus, Greco team on a North Loop apartment project

 Retail space available located at 314 6th Avenue North

Retail space available located at 314 6th Avenue North

A half-block site in the North Loop at the corner of 4th Street North and 6th Avenue, the former home of ABC Electronics, will soon be a first-class mixed-use project. Opus and Greco have teamed up to develop the site.

As the City of Minneapolis nears completion of the 6th Avenue North road reconstruction, development of the project will begin. The mixed-use development is expected to be completed by Summer 2017. In the meantime, Element has leases available for the project's retail space. The project will include approximately 14,400 square feet of street-level retail space. For more information on the available space, visit our leasing page.

The North Loop has been a hot market for retailers and restaurants due, in part, to its close proximity to light rail stations and Target Field. The Variant site is only a short walk from the Target Field Station and is near two local breweries, Inbound Brewco and Fulton Tap Room. This would be an ideal location to expand your business.

CBRE report ranks Minneapolis highly as a lure of tech talent

Minneapolis ranks 15th across North America in CBRE's 2016 "Scoring Tech Talent Report." The city has seen a 34.8% increase in tech related jobs since 2010, according to CBRE. With this increase of tech talent migrating toward the area, office vacancy rates tend to fall. The North Loop is a perfect example of this phenomenon.

"In Minneapolis, the North Loop Neighborhood is becoming a hot spot for tech companies on the prowl for office space because of the character of the buildings and access to amenities such as public transit, housing and restaurants, according to the company." - StarTribune, 15 July 2016

The tech industry has certainly flocked to the area, but there are still opportunities to start or move your business to the North Loop. Consider being a part of the thriving North Loop with these available spaces:

  1. 724 First
  2. ABC Retail
  3. 106 Washington
  4. Northwestern Building
  5. Lowry Building
  6. Coiner Building
  7. Pacific Flats

 

Read the full article in the StarTribune or download the report from CBRE