ACKERBERG completed a lease with Stahl Construction to occupy 15,666 square feet in the Miller Textile Building, 861 East Hennepin Avenue, in Northeast Minneapolis.
Renovation began in December 2015 and the property is being transformed from the historic Miller Bag Building into creative, dynamic office and retail space.
The newly branded Miller Textile Building now includes approximately 10,000 square feet of retail space and 38,000 square feet of office space, with 84 free off-street parking stalls in a renovated, 4-story building.
ACKERBERG has transformed the building to develop office and retail space with a new infrastructure to serve today’s and tomorrow’s businesses. 20′ ceilings are creating a loft-like environment with a bright, airy feel. Over 60 new glass windows feature unobstructed views of Downtown Minneapolis.
Located in the Beltrami neighborhood of Minneapolis, the building has close proximity to major Northeast commercial districts along Hennepin Avenue and Central Avenue as well as the University of Minnesota, highlighting the building’s superb accessibility and visibility. The property is served by public transit on Hennepin Avenue and is highly accessible by bicycle. The property will have bicycle parking on site.
ACKERBERG is developing the project. Additional project partners include: Bainey Construction as General Contractor; RoehrSchmitt as Project Architect; First Western Bank and the City of Minneapolis are providing financing; and the Met Council and DEED provided project grants for environmental clean up.
Emily Nicoll of CBRE represented Stahl Construction, and Aaron Meyers represented his firm, ACKERBERG, in the transaction. This brings the speculative project to 35 percent leased.