Even with supply chain woes, the lingering pandemic and labor shortages, developers are still investing in major commercial real estate projects in the Twin Cities. They’re building a variety of development types, spanning entertainment options, luxury condos, large industrial buildings, downtown apartments and more.
The Business Journal selected these 10 projects based on the impact they will have on the Twin Cities landscape across the region.
One of the most anticipated projects of the year is the opening of the RBC Gateway tower, which is slated for later this month. The 37-story tower developed by United Properties will bring 532,000 square feet of office space, a Four Seasons Hotel and luxury condo residences, and a restaurant and cafe from award-winning chef Gavin Kaysen to a block on the northernedge of downtown Minneapolis’ Nicollet Mall.
The hotel will be the city’s only five-star hotel. An exact opening date for the hotel and residencies hasn’t yet been announced.
Office tenants will begin moving into the space later this month. These include RBC Wealth Management — whose logo adorns the top of the tower — as well as JLL, Castlelake and Pohlad Cos.