Home Commerce CEDARst project in North Loop for HPC exam – Finance & Commerce

CEDARst project in North Loop for HPC exam – Finance & Commerce


Chicago-based developer CEDARst will appear before the Minneapolis Heritage Preservation Commission next week with plans to build a mixed-use building at the scene of a deadly 1934 clash between Minneapolis Police and truckers. striking.

The five-story building would rise onto an existing surface parking lot at 246 Seventh Ave. N. in the Minneapolis North Loop area. There on July 20, 1934, in the midst of a strike by Minneapolis truckers, police opened fire on protesters, according to city documents.

Historians describe the meeting as a “Bloody Friday”. After the violence, which left two dead and 67 injured, Governor Floyd B. Olson “declared martial law and called on the National Guard to keep the peace in the city”, according to an article published on the Minnesota Digital Library.

Located in the historic Minneapolis Warehouse, the site has historical significance in part because it is “associated with significant events or periods that illustrate broad patterns of cultural, political, economic or social history,” according to city ​​staff. report.

At its July 27 meeting, the Heritage Preservation Commission will consider a “certificate of suitability” to enable the new building, which would house commercial space on the first floor, 32 apartments and a parking lot.

City staff recommend approval of the Certificate of Suitability with conditions that include salvage and replacement of excavated historic pavers for utility connections, installation of matching materials where historic pavers cannot be salvaged and Moreover.

“The proposal will introduce a 21st century building into the historic district, which will affect the integrity of the district’s setting, but not in a negative way,” notes the staff report. “The site has historically included a variety of low-intensity, storage-free uses, including a residence, restaurant and, currently, above ground parking. “

Sarah McKenzie, the city’s media relations coordinator, said the Minneapolis Planning Commission will review the project after the CHP review.

The CEDARst project team includes the BKV Group design office and the historic consulting firm Hess, Roise and Co.

The project is part of plans previously announced by CEDARst for the former CJ Duffy Paper Co. block in the warehouse district of Minneapolis.

With a mix of new construction and renovations, the developer plans to bring more than 500 multi-family units and other amenities to the Duffy Block, which is framed by Washington Avenue, Fifth and Sixth Avenues, and the TownePlace Suites by Marriott hotel.

Construction will take place concurrently with CEDAR’s “historic rehabilitation” of adjacent buildings George R. Newell (300 Sixth Ave. N.) and Hall Hardware Co. (608 N. Third St.), the staff report noted. .

Finance & Commerce reported in April 2020 that CEDARst paid $ 21.1 million for properties located at 300 Sixth Ave. N. and 608 N. Third St. The vendor was a consortium led by Martin Falk Paper Co.

CEDARst CEO and Managing Partner Will Murphy said last year there was a lot to love in the North Loop area with neighbors such as Target Field, nightlife spots, restaurants and other attractions.

“It has become a destination for work, life and play within the Twin Cities and these are all things that translate well to us as residential developers,” said Murphy.

RELATED: Chicago Developer Plans 345 Additional Units in North Loop

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