Northstar Building: New Owners, New Upgrades
The Northstar Center is undergoing an ambitious makeover. Downtown Minneapolis' first mixed-use property, adding up to 814,000-square-feet of space which includes offices and retail as well as a Crowne Plaza Hotel, is being restored.
The work will include tuck-pointing, replacing stone, and cleaning the exterior of the three-building complex over the course of about three to four yearsWork on the parking ramp, which includes replacing some concrete and waterproofing, began in April and is expected to be completed in September. Renovation of the 222-room hotel is underway and is scheduled to be completed later this month. The over $4 million project has included remodeling guest rooms and the lobby and adding a larger Executive Club lounge.
All of this is happening because of new property owner and manager Grubb & Ellis. Grubb & Ellis acquired the Northstar Center in December when it merged with the parent company of California-based Triple Net Properties.
The complex has about 645,000 square feet of office space, most of it occupied by Wells Fargo & Co.