by Dan Rafter
Downtown Minneapolis will be a changed place once the Downtown East mixed-use project led by Ryan Companies US takes shape.
Downtown East, of course, is the $400 million mixed-use development being built now on a five-block, 12.5-acre area near the new Vikings stadium in downtown Minneapolis. Ryan Companies US and Wells Fargo broke ground on the project in May.
Once complete, the Downtown East project will boast 1.1 million square feet of office space in two 18-story towers owned by Wells Fargo, 193 market-rate apartments, about 24,000 square feet of retail, a six-level parking ramp containing 1,610 parking spaces to be owned by the Minnesota Sports Facilities Authority and a nearly two-block urban park physically connecting the new Vikings Stadium to the core of downtown Minneapolis.
To whet your appetite for the new development, here’s a video released by Ryan Companies showing just how massive — and important — this project is for downtown Minneapolis.