36-story Gateway tower could include apartments
30 S. 3rd St.
Minneapolis-based United Properties and San Diego-based JMI Realty have submitted the latest vision for their Gateway tower to the City Planning Commission Committee of the Whole for its mid-June meeting. The more than 1.1 million-square-foot building, proposed for the former Nicollet Hotel Block on the north end of Nicollet Mall, would be comprised of 485,000 square feet of office space, 310,000 square feet of hotel space (280 guest rooms), 115,600 square feet of luxury condominiums (50 units) and 212,000 square feet of parking (511 spaces). The building would be 36 stories, though technically 43 by the zoning code, at nearly 514 feet high. About 9,000 square feet of commercial space would primarily front Nicollet. So far, Four Seasons Hotels and Resorts and RBC Wealth Management have signed onto the project.
The plans note that the hotel and/or condominiums could be replaced with apartments in the case the original plan is “deemed unfeasible.” In that case, the development team would resubmit plans.
“In the event that the hotel component of the development is deemed unfeasible, an alternative plan will be resubmitted to the Committee in which the hotel and for sale condominium components of the development will be replaced with for rent multi-family residences,” a narrative in the plans note.