Hotel, Apartments Proposed for Downtown East Development

Updated: 02/21/2014 9:54 PM KSTP.com



There’s been a big change to a Downtown East development being planned near the new Vikings stadium.

The development includes two big office towers, apartments, retail and a park. There’s also a six-story parking ramp.

Ryan Companies is now proposing a 150-room Radisson Red hotel under a 200-unit apartment tower, with ground floor retail and restaurant space, according to documents submitted to the city Thursday.

The price tag is $101 million, with construction expected to start in May 2015 and finish in August 2017.

KSTP reporter Steve Tellier reports there is a competing proposal for that airspace above the parking ramp, as Mortenson Development wants to put up a $63 million Marriott hotel.

The choice between the two proposals is expected to be made by the city council next month.