MINNEAPOLIS (Jan. 13, 2020) – United Properties announced today that it has completed construction of a new hotel at 501 Sixth Ave. N. and music hall at 525 Fifth St. N., located at Target Field Station in the North Loop of downtown Minneapolis. The 150,000-sq.-ft. building features the Fillmore Minneapolis music hall and Element by Westin hotel.

“Fillmore Minneapolis will be the destination for people looking for an evening of live music with great food and drinks. Whether you are at Fillmore Minneapolis for a show, attending a Twins game with family, or in town for business, Element by Westin offers a fresh, comfortable and convenient place to stay while visiting Minneapolis,” said Rick McKelvey, senior vice president, development. “We are very proud that United Properties was able to deliver this incredible mixed-use project to the city.”

“We are particularly grateful to Hennepin County and the Minnesota Twins for the support they’ve provided us throughout the development process. Their bold vision for Target Field Station will provide great benefits to our community for decades,” McKelvey said. “We are confident that United Properties’ addition to Target Field Station brings wonderful new amenities that will further enliven the area.”

United Properties worked with Live Nation’s House of Blues Entertainment division to bring the popular Fillmore music hall to Minneapolis. The venue occupies 36,000 sq. ft. and features an intimate, 1,850-guest-capacity venue for music performances. The music hall is enhanced by signature Fillmore aesthetics, including chandeliers and vintage concert posters.

United Properties worked with Lion Hotel Group to develop the Element by Westin hotel, which features 156 guest rooms. The Element by Westin hotel is a unique concept that suits both short- and long-term stays and incorporates eco-conscious design elements and wellness programming. Project partners include Tushie Montgomery Architects and Weis Builders.

Both the music hall and hotel will open shortly.

Target Field Station caps the company’s commercial real estate development activities in the Target Field Station area, which includes the Ford Center, Be The Match headquarters and Caribou Coffee.

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.

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MINNEAPOLIS (Nov. 21, 2019) – The Nordic, United Properties’ mixed-use building located at 729 Washington Ave. N., announced today a series of exciting developments as the project nears completion. Nearly 70 percent of the space is now leased, with just three floors totaling 60,000 sq. ft. remaining.

New tenants now open include FRGMNT coffee shop and Thr3 Jack restaurant and indoor golf venue, and programming at the outdoor public plaza has been in full swing.

FRGMNT, a coffee shop owned by Ben Banse and Sarah Roehl, has opened in the ground floor lobby of The Nordic. The brand was created specifically for The Nordic and features coffee from Monogram Coffee in Calgary, Canada, Heart Roasters in Portland, Oregon, and Saint Frank Coffee in San Francisco. The coffee shop has a partnership with Honey & Rye Bakehouse to provide pastries for patrons. FRGMNT is open 6:30 a.m. – 6 p.m. Monday through Friday and 8 a.m. – 3 p.m. on Saturday and Sunday.

Thr3 Jack, a restaurant and indoor golf venue on the ground floor of The Nordic, had its grand opening Oct. 7. Created by siblings Lucy Robb and Bo Massopust, the venue features six best-in-class simulators for golfers of all levels and a thoughtfully crafted food and drink menu. Thr3 Jack is open 5 p.m. – 11 p.m. Sunday through Thursday and 5 p.m. – 1 a.m. Friday and Saturday.

The outdoor plaza space at The Nordic has begun programming and events with yoga classes, a festive Halloween celebration and other activities. Featuring an outdoor firepit, planning is underway for additional winter outdoor events in the coming months.

Sable, The Nordic’s residential component, represents the first owner occupied condominium building that allows short-term rentals in the Twin Cities. Several units have closed, with just 15 percent remaining. The building features a Members’ Lounge, rooftop deck with downtown views, outdoor firepits and same-floor parking access. Contact Joe Grunnet with Downtown Resource Group at (612) 244-6613 for more information.

The Nordic is a modern warehouse-style building designed to be the living room and backyard of the North Loop. Other tenants include Ovative Group and WeWork, a cooperative office space. A food hall operated by Galley Group on the first floor is expected to open next month. The Nordic is United Properties’ fifth project in Minneapolis’ historic North Loop neighborhood.

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas. For more information, visit uproperties.com and follow on LinkedIn and Instagram.

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MINNEAPOLIS (Nov. 12, 2019) – United Properties has announced its plan to develop Canterbury Distribution Center in Shakopee, Minnesota. The 302,650 sq. ft. building, located at 3200 Fourth Ave. E., will be moving forward as a speculative industrial product.

United Properties purchased the 24-acre property near U.S. Route 169 and Canterbury Road from Canterbury Park in 2015. Site work on the project began in August 2019, with an expected completion in the spring of 2020.

Canterbury Distribution Center is currently the only large bulk space available in the south metro area, and the property is located less than a quarter of a mile from the Amazon Fulfillment Center in Shakopee, noted Connor McCarthy, development manager, United Properties. “We’re pleased to be developing much-needed large bulk space in the supply-constrained southern metro,” he said.

R.J. Ryan Construction Inc. is the general contractor on the project. Kris Smeltzer and Jason Meyer of Cushman & Wakefield are the leasing representatives.

United Properties also recently purchased land in Burnsville at 35 South Business Center located at the corner of Interstate 35 and Highway 13. The 96,000 sq. ft. build-to-suit industrial project represents phase four of United Properties’ 35/13 Crossings project.

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas. For more information, visit uproperties.com and follow on LinkedIn and Instagram.

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MINNEAPOLIS (Nov. 12, 2019) – United Properties announced today that it has broken ground on Cherrywood Pointe of Bloomington, located at 5501 American Blvd. W., within the Normandale Lake area of Bloomington, Minnesota. The senior living community is expected to open March 2021.

This marks the first time United Properties will bring its Cherrywood Pointe concept to Bloomington, a community that is already familiar with another of its senior living options, Applewood Pointe senior cooperatives. “We are delighted to be further serving Bloomington seniors with the continuum of care offered by Cherrywood Pointe, from independent living to 24-hour on-site nursing staff,” said Mark Nelson, executive vice president, residential development, United Properties.

The four-story community offers a variety of floor plans and housing solutions, with options ranging from independent living to services with around-the-clock personalized care. Cherrywood Pointe’s 118 units feature 82 maintenance-free independent and assisted living apartments, 24 memory care apartments and 12 care suite apartments. Amenities include a multi-venue dining room, pub room, community room, salon, fitness room and yoga studio, sun porch and outdoor patio, underground parking, and balconies on most units. Community members will have access to daily chef-prepared meals, scheduled transportation services and a comprehensive life-enrichment program designed to create engaging experiences and an active lifestyle.

Great Lakes Management will manage Cherrywood Pointe of Bloomington. Customized health-care services will be provided by Gentle Touch Health, including a 24-hour on-site team of licensed nurses and nurses’ assistants.

Cherrywood Pointe of Bloomington was designed by Kaas Wilson Architects and Henrik & Co Interiors and will be constructed by Weis Builders.

The Bloomington location is United Properties’ sixth Cherrywood Pointe community in the Twin Cities. The other metro locations include Forest Lake, Minnetonka, Plymouth, Roseville on Cleveland and Roseville on Lexington. The company also has a senior living community in Littleton, Colorado, as well as communities under development in Naples and Sarasota, Florida.

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.

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Teaming with Habitat to help Twin Cities families create deep roots

One work day.

It’s something very small to give on the individual level. But then one company donates 10 employees’ labor for a day. Then 10 companies donate. Sometimes every year, several times a year. Then future Habitat homeowners contribute their “sweat equity” – 100 hours of homebuilding. Just one work day multiplied means working families in need all over the world can reach their aspiration of homeownership. And that ownership creates deep roots.

Earlier this month, United Properties joined forces with Twin Cities Habitat for Humanity (TCHFH) for two days of homebuilding and teambuilding. More than 30 employees from United Properties and senior living partner Ebenezer traded a day at the office for a day on-site, where 981 Euclid was in its third week of construction. Once finished, the 1800-square-foot St. Paul home will include 5 bedrooms, 2 bathrooms, and an 800-square-foot unfinished basement (2600 square feet total) with an egress window. All volunteers will be invited to the housewarming.

“It was a very rewarding day personally, learning carpentry skills and doing tangible work with our hands for a cause we feel good about,” shared Kevin Powell, United Properties IT Director & AVP. “Working together and getting to know your colleagues in a different environment is also very rewarding – you learn things you wouldn’t have expected about them. Plus the Habitat team was brave enough to trust us with power tools
”

To date, TCHFH has constructed more than 12,000 homes for Minnesotan families in need. But what do these homes really mean for local families?

Why Home Matters

According to Habitat, having a stable place to come home to each day is associated with better public health and education outcomes. But what does that look like in the day-to-day? WHY does this work matter? TCHFH engages with past volunteers on a regular basis to help them understand the WHY behind the homebuilding – which isn’t really about the buildings at all:

For those of us who’ve never needed to question where home was, a window into a Habitat family’s day-to-day can be awakening. It helps us start to understand what home means to those who don’t take it for granted, and it helps us see why even one work day matters.

One work day at a time – one home build at a time – adds up to a lot of impact. It means a child can stay at one school long enough to make meaningful friendships and host sleepovers at home. It means making memories that become stories about “the neighborhood” and “the house where I grew up.” Habitat’s work is about more than providing shelter – it’s about how the shelter helps families create deep roots. It’s about the thing that makes a space a place and a house a home. That’s why United Properties is proud to partner with Habitat each year to help lift up families putting down their own roots in the greater Twin Cities.

Further Multiplied

Habitat for Humanity developed several programs that multiply each chapter’s local impact, all of which work toward the central mission of building strength, stability, and self-reliance through shelter:

  1. A Brush with Kindness – TCHFH’s A Brush with Kindness Paint and Home Repair Program partners with low-income families, veterans, and seniors to affordably maintain safe, stable homes. Over the last 30 years, the program has touched more than 2,000 families in the greater Twin Cities area.
  2. ReStore Home Improvement Outlets – Think Goodwill meets Home Depot. ReStore vets new and gently used home improvement products and building materials and is open to the public. Sales at the Minneapolis and New Brighton locations support Habitat homebuilding initiatives in the Twin Cities area.
  3. Age in Place – In partnership with Allina Health, TCHFH launched Age in Place to support older low-income homeowners who wish to age peacefully in the comfort of their own homes. The program provides assistance with seasonal chores, yard work, home modifications (e.g., building wheelchair ramps, installing handrails), and other services that allow homeowners to continue living safely and affordably.

Visit tchabitat.org to learn about other programs and help Habitat multiply its impact for Twin Cities families!

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.

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“I hope to always be a tourist in this city. When I cross Hennepin Avenue Bridge over the Mississippi River on my way to work, I often find myself in awe of the national landmark on our doorstep. Sometimes I stand next to the Grain Belt sign with the awareness that I’m walking across a national divide – from the Pillsbury side to the Gold Medal side over the natural wonder that helped grow the city I plan to call home for many years.”

–      UP Sunrise event attendee, Minneapolis resident (1 year)

It’s easy to appreciate the Mississippi’s powerful force on foot over a bridge – the speed of the water and the pounding sound – but it’s also easy to forget that this river is the birthplace of the tiny frontier settlement that grew into the 422K-resident metropolis we know today. The river powered Minneapolis’ thriving milling and logging industries that contributed to the economic prosperity of our growing city through the late 1800s.

Today, the upper and lower St. Anthony Lock and Dam plants alone generate a combined 24 megawatts of electricity per hour. That’s enough to power over 17,000 homes.

For over a hundred years, the Minneapolis Park & Recreation Board (formerly the Minneapolis Board of Park Commissioners) has worked to preserve access to the historical river. Today, the Minneapolis Parks Foundation and the Board strive to strengthen the Minneapolis community’s sense of stewardship and connection to the Mississippi and preserve the urban park spaces integral to mitigating the impacts of climate change in urban areas.

Sponsoring the Park Foundation’s annual Sunrise on the Mississippi event is just one way United Properties is creating deep roots in the Minneapolis community. The 5th annual event raised over $110,000 for the Minneapolis Parks Foundation’s work.

This year’s Sunrise was hosted at Boom Island Park on the unmistakably end-of-summer morning of Sept. 5. Attendees enjoyed mingling over hot coffee and tea under a fireplace pavilion before making their way under the tent for the program and breakfast overlooking the Mississippi.

Keynote speaker Paul Huttner, Chief Meteorologist at MPR, first woke the audience with stats highlighting the very real global impacts of climate change for perspective. Huttner then zeroed in on Minneapolis’ context and the importance of park space and preservation efforts in bracing for the impacts of climate change in metropolitan and riverside areas.

Data from NASA and the National Oceanic and Atmospheric Administration (NOAA) indicate that the years 2014-2018 had the warmest global temperatures of any year since 1881. Since 1970, average temperatures in Minnesota have risen 2.7 degrees Fahrenheit; average temperatures in Minneapolis have risen 3.7 degrees Fahrenheit.

If you’re younger than 34, you have not experienced a cooler-than-average month.

These numbers seem small, but ground-level ozone is more concentrated on hotter days, magnifying the impacts of heat stress. Warmer air also holds more moisture, so as the climate warms, heavier rains are projected to continue to increase the instance of flooding in urban areas.

Fortunately, parks can mitigate many of the issues associated with a warming world.

  • Trees not only provide shade and filter pollutants, they perform evapotranspiration, a process by which evaporating water cools the surrounding air.
  • Parks near rivers provide a buffer zone for floods so heavy rainfalls do not cripple a city’s economy.
  • Green things in parks reflect more sunlight than dark urban rooftops, helping them achieve temperatures 5-10 degrees cooler than normal for a typical downtown.

Access Huttner’s full presentation here.

Minneapolis Park Board Superintendent Al Bangoura then recounted the influence of parks on his youth in Milwaukee and his journey to a role overseeing Minneapolis parks. He was elected in late 2018 after a national search and is proud to lead “the premier park system in the country.”

United Properties shares Bangoura’s belief in the ability of parks to transform human life and considers the benefits to our clients, our communities, and our planet as we continue to care for the roots that originated the great City of Minneapolis. Though these benefits are not immediately tangible, one thing’s for sure: You’ve got to know your city’s roots and aspirations for your roots to take hold, and there are few places better than the banks of the Mighty Miss at sunrise to contemplate that.

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.

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MINNEAPOLIS (Sept. 5, 2019) – United Properties announced today that Scott Peterson has joined United Properties as vice president of hospitality and residential development, effective Sept. 3, 2019. In this new role Peterson reports to Bill Katter, president and chief investment officer, United Properties Development.

Peterson joins United Properties with more than 13 years of residential and hotel experience across various markets. Most recently, he served as senior director of development and construction for CSM Corporation in Minneapolis over a five-year period in which his team executed on more than $200 million of lodging projects delivering several hundred newly constructed units. Prior to that he held senior construction management and land acquisition roles in the Lake Tahoe, California, Kauai, Hawaii and Las Vegas, Nevada, markets.

As vice president of hospitality and residential development, Peterson is responsible for generating and executing all facets of the hospitality and residential/workforce housing development cycle in Minneapolis and Denver, including site acquisition, project underwriting, design, development and construction. His areas of focus include non-senior residential projects and hotel development, including United Properties’ upcoming Four Seasons Hotel and Private Residences Minneapolis at RBC Gateway.

“Scott brings strong experience partnering with major hospitality brands to successfully develop new hotels,” said Katter. “I am very excited to have Scott join us.”

Peterson holds a Bachelor of Science in business management from Montana State University, Bozeman, Montana, and an Executive Master of Business Administration from the Eller College of Management at the University of Arizona, Tucson, Arizona. He is an active member of the MN NAIOP chapter and also dedicates his time to mentorships at the University of Minnesota’s Carlson School of Business and several other community organizations.

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.

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Let’s start with a big question: How do you create something original?

You bring together varied perspectives, life experiences, and insights, right? Creative solutions emerge when you address challenges differently. Without difference, the result is more of the same.

That’s why diversity in real estate today isn’t just a “nice to have.” It’s a business imperative, and Urban Land Institute (ULI) is at the forefront.

“More and more, we are hearing that people are joining ULI instead of other organizations because they see that it’s the place in this market to build relationships with people from across sectors, cultures, and backgrounds,” said Aubrey Albrecht, senior director at ULI Minnesota. “That’s powerful because it’s such a relationship-focused industry. Our members are recognizing that in order to best serve the community with any given project, the people at the table should reflect the diversity of that community.”

The ULI Real Estate Diversity Initiative (REDi) Program helps United Properties both gain access to new talent pools and provide people with diverse backgrounds the in-roads they need to break into the industry. As one of the program’s cornerstone sponsors since 2017, the company donated $10,000 to Minnesota’s program and $5,000 to Colorado’s program this year.

“We’ve been very intentional about doing more than just giving them money and focus on helping the program grow,” said Lynn Camp, ULI REDi sponsor and senior business analyst at United Properties. “Just as important as us providing them access to our networks is us accessing their networks as we work to diversify and broaden our vendors, customers, and potential hires.”

The 15-session program works to provide women and people of color – all real estate professionals with full-time jobs – with an opportunity to create a development plan, proforma, and marketing plan for a real site that the owner is looking to redevelop. Many students from this year’s 28-student roster came from the public sector seeking to learn about what’s happening on the private-sector side and understand every aspect of development holistically.

In the same way that REDi Program teams are strategically grouped to include members from different sectors to work toward well-rounded solutions, we must ensure that people from diverse backgrounds have the in-roads they need to round out a historically exclusive industry.

Students also form networks with one another and engage in facilitated discussion about barriers to entering the industry. One participant highlighted that many real estate professionals got their start through a mentor and shared that it is more difficult for people of color to find this mentor because their networks often do not cross.

This sentiment is corroborated by Leanin.org, which points to a large body of research that suggests that people mentor people who remind them of themselves. Failure to recognize this unintentional bias can cause us to miss out on opportunities to mentor and learn from those with backgrounds that differ from our own.

“Employees with mentors are more likely to get raises and promotions. But because managers and senior leaders are more likely to be white men, and because people tend to gravitate toward mentoring others like themselves, women and people of color often miss out on that support. That also means your company could miss out on fostering talented employees.”

–    Leanin.org

Programs like ULI REDi aim to dissolve these barriers to success in the real estate industry by opening doors to mentors, facilitators, and other industry experts. Over the three years of its existence, the Minnesota REDi Program has benefited from the service of nearly 100 volunteers, including United Properties’ former Minnesota co-president Eva Stevens.

After a REDi speaking engagement, Stevens offered to sit down with anyone who reached out, and second-cohort REDi Program student Jimmy Loyd took her up on the offer. His interest in Stevens’ background led to a few meetings and open doors. He’s since connected with several United Properties real estate professionals at varying stages in their career and landed the real estate director position at the YMCA Greater Twin Cities. In an interview with United Properties, Loyd offered his perspective on the importance of diversity in real estate.

“The old way of thinking is that business networking is kind of a ‘club’ – it’s exclusive, and the only people allowed in are those they can relate to,” Loyd shared. “Introducing people into the mix who are not like you allows you to take advantage of that differing knowledge and potentially spur innovation. It takes getting out of your own way, and it’s important because it prevents one group from dictating norms while allowing others to share life experiences that can offer new perspective in your practice.”

Survey researcher and polling expert Tom Webster at Edison Research reinforces this position. Webster asserts that the most dangerous thing facing corporate America today is “creating an environment where everyone seems to be taking the same actions for the same reasons.”

United Properties development manager Carrie Eggleston in Minnesota is one of those people with a fire in her heart fueled by different reasons. And she walks the talk. This year, she served on ULI REDi Minnesota’s steering committee, which is responsible for recruiting speakers, organizing networking events, and shaping the overall curriculum.

“I knew upfront that the program would take me away from work and require flexibility, and I’ve been supported at United Properties from the top down every step of the way,” Eggleston shared. “There’s so much untapped talent out there, and our leaders realize that. It’s moved us to donate money, space, and time.”

Eggleston’s passion for the initiative is spreading, too. When one of the program’s speakers dropped out during flu season with hours to spare, she asked United Properties’ Bill Jundt, VP of construction management, to step in.

“He knocked it out of the park without a PowerPoint or anything. He rearranged his calendar, wrote a quick notecard, and they loved him!” Eggleston said. “That’s how I know my colleagues care about this. Now we’ve just got to keep the momentum going and help people see what we see.”

So what do we see? We see the progress, but we also dare to imagine the possibilities of a real estate environment that looks different than it does today. One where differences aren’t just accepted – they’re celebrated and put to use to address the challenges of today with creativity and originality.

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.

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Together with United Properties, new high-end mixed-use development to open on Nicollet Mall

TORONTO, ON, Canada – Wednesday June 12, 2019 – Four Seasons Hotels and Resorts, the world’s leading luxury hospitality company, in partnership with United Properties, a leading commercial property development and investment company in Minnesota and Colorado, today announced plans for Four Seasons Hotel and Private Residences Minneapolis, expected to open in early 2022 at RBC Gateway.

The new 34-storey building will be situated at the convergence of business and leisure in Minneapolis, at the top of Nicollet Mall, the city’s pedestrian thoroughfare. A few short blocks from the Mississippi River, the mixed use complex will also serve as RBC Wealth Management’s US headquarters.

Those looking for more leisure activities will enjoy the vicinity to Minneapolis’ North Loop neighbourhood, filled with history, arts, culture, dining, entertainment and more. Formerly an industrial warehouse area, and located within the Minneapolis Historic District and National Register of Historic Places, the North Loop now boasts a local farmers market; Target Field, the home of the Minnesota Twins Major League Baseball team; art galleries, music and entertainment venues; and so much more.

“Minneapolis is a booming corporate hub in the Midwest, and has a vibrant leisure, cultural, and arts scene, and we look forward to creating a place for locals and visitors alike to come together while raising the standard of luxury and service in the city,” says Bart Carnahan, Executive Vice President, Global Business Development and Portfolio Management, Four Seasons Hotels and Resorts. “Our partners at United Properties have envisioned a new luxury focal point in Minneapolis, and we look forward to helping them bring that vision to life.”

The 222 room Four Seasons Hotel will also feature a restaurant and bar, and one of the largest pool decks in the city, overlooking the city’s downtown. A spa complex, open to both Hotel guests and day visitors, is also planned, along with extensive event spaces. On the uppermost floors of the building, 31 fully serviced Four Seasons Private Residences will boast impressive city and Mississippi River views.

“This new property sits on the best location in the city, with historic roots on the site of the former Nicollet Hotel, and in the centre of the excitement and bustle of downtown Minneapolis,” says Bill Katter, President and Chief Investment Officer of United Properties Development. “Our partnership with Four Seasons allows us to elevate this exceptional project to new heights, delivering the signature hospitality and luxury lifestyle experience that Four Seasons is known for around the world.”

The project is being designed by Smallwood, Reynolds, Stewart, Stewart and Associates, who have global projects and operations ranging from architecture, landscape and interior design, in hospitality, public spaces, education, government, and beyond.

About Four Seasons Hotels and Resorts
Founded in 1960, Four Seasons Hotels and Resorts is dedicated to perfecting the travel experience through continual innovation and the highest standards of hospitality. Currently operating 115 hotels and resorts, and 42 residential properties in major city centres and resort destinations in 48 countries, and with more than 50 projects under planning or development, Four Seasons consistently ranks among the world’s best hotels and most prestigious brands in reader polls, traveller reviews and industry awards. For more information and reservations, visit fourseasons.com. For the latest news, visit press.fourseasons.com and follow @FourSeasonsPR on Twitter.

Press Contacts
For Four Seasons:
Laura Schlecht
Email: lschlecht@hlgrp.com
Phone: 646-460-8922

For United Properties:
Mary Lilja or Kate Lohnes
Email: kate@lilja.com
Phone: 952-893-7140

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.

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On-site work begins this week; June 18 groundbreaking event planned with all partners; expected completion in 2021

MINNEAPOLIS, (June 12, 2019) – United Properties announced today that it has closed on the purchase of the land from the City of Minneapolis to commence RBC Gateway development at Third Street and Nicollet Mall in downtown Minneapolis. On-site work begins this week with a groundbreaking event planned for June 18, 2019.

“We are very excited as we put the finishing touches on all aspects of the RBC Gateway project,” said Bill Katter, president and chief investment officer, United Properties Development. “RBC Gateway represents the most complicated and compelling project United Properties has undertaken in our 100-plus year history, and one that we are very proud to begin moving forward. We are grateful to our partners for their support of this project including the City of Minneapolis, RBC Wealth Management and Four Seasons.”

RBC Gateway is a 34-story mixed-use development that features approximately 531,000 sq. ft. of office space anchored by the U.S. headquarters of RBC Wealth Management, plus the Twin Cities’ first five-star hotel and luxury residences. The Four Seasons Hotel will feature 222 rooms and 31 fully serviced Four Seasons Private Residences, complete with all of the world-class amenities Four Seasons offers.

“RBC Gateway will be a stunning addition to downtown Minneapolis, setting a new standard for Class A office space, as well as luxury accommodations and residences benefitting the city and state,” Katter said.

The project is on track for an expected completion in late 2021. More details about the project will be provided at a groundbreaking event June 18, 2019, at 1 p.m., at Cancer Survivors Park in downtown Minneapolis, across the street from the RBC Gateway site.

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.

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