Opus has unveiled plans for a 30-story multifamily and retail development in the heart of downtown Minneapolis at 365 Nicollet Ave.
The project supports the city’s goal to double the downtown population by 2025, driving business vitality and cultural renewal in the area, particularly the north end of Nicollet Mall. Construction on the new high-rise is slated to begin in early October.
Located between South Third Street and South Fourth Street, the high-rise will feature 9,500 square feet of retail space on the ground level with 369 apartment units. Floor plans will range from alcove units to three-bedroom options, including 36 penthouse suites. All residences will include condo-level finishes with granite countertops, stainless steel appliances and floor to ceiling windows. The distinctive architecture for the building exterior will feature a dynamic balcony pattern and large glass elevations. The structure will also include residential parking facilities.
The building will include indoor and outdoor spaces featuring a bike lounge with repair station and seating areas, sauna and steam room, and a sixth floor amenity deck including a yoga room, hot tub, pool and outdoor cabanas, among other offerings. Additionally, the building will be designed to meet LEED certification.
The space will be the model of contemporary urban living. Situated directly across the street from the Minneapolis Central Library, the building will share a sidewalk with Nicollet Mall, central to pedestrian activity and public transit. The development will also be connected to downtown Minneapolis’ public skyway system for added convenience to local retail, office spaces and entertainment venues.
Opus Development Company, L.L.C. and Opus Design Build, L.L.C. will be the project’s developer and design-builder, respectively. Opus AE Group, L.L.C. is the architect and structural engineer of record. The project is slated for completion in summer 2018.
