The current concept includes 20% of units being affordable to households earning 50% or less of area median income. Construction on this approximately $85 million redevelopment is expected to start later this year, with completion planned in late 2023. NORTHSTAR CENTER EAST - $85 MILLION APARTMENT REDEVELOPMENT BY SHERMAN ASSOCIATES Sherman Associates will redevelop the Northstar Center East building, a 13-story office tower, and deliver approximately 217 apartment homes, extensive amenity space, high-end lobby, and skyway connection. Northstar Center has been listed on the National Register of Historic Places since 2016, recognizing its meaningful legacy as part of downtown Minneapolis. The east office tower was built in 1916 as the Pillsbury Building and construction of the hotel tower and west office tower were completed in the 1960s. There are three structures that encompass the redevelopment: the east office tower, the hotel tower, and the west office tower and parking garage, which make up the 1.6-million-square-foot Northstar Center, spanning the city block where it sits in the heart of downtown Minneapolis.

Northstar Center opened in 1963 as a mixed-use development, an innovative concept at the time, with its developers promoting it as a “city-within-a-city.” Northstar Center was also the birthplace of the Minneapolis skyway system which has grown to comprise 9.5 miles of pathways, connecting 80 city blocks. The parties will complete a historic conversion of the former office space, hotel, and parking garage and deliver a coordinated ecosystem of uses to downtown Minneapolis including apartment homes, a repositioned office tower and parking garage, renovated hotel, public-facing meetings and events facility, and a variety of new restaurants and retail concepts. Sherman Associates has joined the partnership of Polaris Properties Group, Taconic Capital Advisors, and Wilson Street Hotel Group in the approximately $200 million master-planned redevelopment of Northstar Center in Minneapolis’ central business district.

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