Northstar Center downtown plans for $200 million upgrade

Source: The Development Tracker

The Northstar Center has long been a centerpiece of Minneapolis spanning three buildings and over 1.6 million square feet downtown. Originally built in 1916 and 1963 in Minneapolis’s Central Business District, this office-centric area plans to transform into much more in 2023.

Partners Polaris Properties Group, Taconic Capitol Advisors, Wilson Street Hotel Group and Sherman Associates plan to transform the new space into additional office space, retail and restaurant space, hundreds of apartments, a full-service boutique hotel, a public-facing meeting and events facility, and indoor parking.

Sherman Associates is developing the nearly $85 million apartment project, which will include 221 mixed-income apartments, on-site parking and other amenities. 20% of the units will be available for households earning 50% or less of the area median income, and the other 80% of the units will not have rent restrictions.