A proposal to build what would become the tallest building in Minnesota is among four submissions put forward to develop the former Nicollet Hotel site in downtown Minneapolis.
At 900-feet, the 80-story skyscraper proposed by Duval Developments would dwarf the state's current tallest tower, the IDS Center, by 100-feet, according to the Star Tribune.
Duval Developments is among four local companies bidding to develop the prime piece of real estate in the city's Gateway District, opposite Minneapolis Central Library on 3rd Street and Nicollet Mall.
The City of Minneapolis published a development brief earlier this fall asking for submissions for an "iconic, area-defining development" of at least 20 stories on the site, which has been a parking lot since the Nicollet Hotel building was demolished in 1991.
Constructing the tallest building in the state – complete with a 250-room hotel and 220 apartments – would certainly accomplish "iconic" element, but three other companies are also in the running for the project as well: Doran Development, Mortenson and United Properties.
United Properties has proposed a 36-story luxury tower called "The Gateway", complete with a Hilton hotel, 300 residential units, street-level retail and restaurant space and potential skyway offices, according to the Business Journal.
Finance and Commerce reports meanwhile that Doran has proposed a 30-story residential tower with apartments, condominiums and a 6-story hotel. At this stage there are no details available about the Mortenson development.
The city is expected to select a preferred developer in April, with work expected to start on the 1.7 acre site in early 2016.