Following the recent grand opening of The Duffey on Washington Avenue in Minneapolis’s North Loop neighborhood, RJM Construction has started a $171 million second development, currently named Duffey 2.0.
The project involves adaptive reuse by converting existing buildings at 608 3rd St. N. and 300 6th Ave. N. and a new ground-up building on an existing surface lot at 246 7th Ave. N. Together, the 550,000-square-foot project will have 358 multifamily units and 42,000 square feet of retail space. The project is scheduled for completion in late 2023.
The new project required approval by the Minneapolis Heritage Preservation Commission and the National Park Service and received historic tax credits given its landmark status and location.
Like the first Duffey project, the adaptive reuse portion of Duffey 2.0 requires complex strategies to accommodate apartment units, commercial space, a basement parking ramp and many other amenities. The iconic skyway connecting the two buildings, which predates the Minneapolis skyway system, will be restored and modernized.
The development will offer studio, one, two, and three-bedroom floorplans that range from 500 to 1,500 square feet. These additional Duffey properties were acquired by CEDARst for $21.1 million in April 2020 and recently closed on financing to officially commence the project this month.
