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

JoAnna Hicks Launches Own Firm, Element

Kevin Kuppe and JoAnna Hicks, co-founders of Element Inc

Kevin Kuppe and JoAnna Hicks, co-founders of Element Inc

Sam Black of the Minneapolis/ St. Paul Business Journal reported on the launch of Element. You can read his article here

Hicks and Kuppe's vision for Element expands beyond repositioning under-performing properties and focuses on building relationships. Element offers a unique approach to commercial real estate that is based on people-centered problem solving. The team approaches every new opportunity with a healthy dose of curiosity and a drive to create lasting change.

Hicks and Kuppe go beyond real estate transactions to build strong relationships with their clients and partners. They listen to understand your business priorities and assess what could be working better. They harness their creativity, adaptability and passion to create solutions that make people’s lives better.

Element strengthens communities by creating great places.