Type: Retail, Office, Apartments
Location: 1728 W. Lake Street
Developer: CPM Development
Architect: BKV Group
Office Space: ~1,700 square feet
Retail Space: ~1,700 square feet
Residential: 57 apartment units
Current Zoning: C1, R6 with a SH overlay
Proposed Zoning: C1, R6 with a SH overlay
Proposed Height: 45′ and 56′, 4 and 5 stories
Proposed Parking: 93 underground stalls
CPM Development has proposed a new five story, office-retail-apartment building at the northeast corner of Lake Street and Knox Avenue across from Lake Calhoun in Uptown Minneapolis. The site currently consists of five multi-family properties, one of which contains an office for a construction firm. The project would include a small cafe space at the corner of Lake Street and Knox Avenue and some additional office space in the building.
The project is proposed as two buildings sharing a common wall and underground parking. The project would have five stories with the top floor stepping back from the edge of the building at the upper floors. A 93-stall underground parking garage would have access from Knox Avenue. Bike storage would be provided in the ramp. A plaza/forecourt would be adjacent to the cafe and in front of the apartment building entry.
Recently, Nick Walton and Daniel Oberpriller of CPM Development told a National Association of Office and Industrial Properties seminar that they were finalizing financing and thought that closing on the loan could take place in November 2010. Walton and Oberpriller went on to say that they would clear the site once the financing was in place, otherwise they need to maintain the possibility of filling the existing properties with tenants. In October 2010, a demolition permit was submitted to the City for clearing the site, which may signify that financing is pending.