Stay in the Loop

CPM, Swervo propose 10-story building for Minneapolis’ North Loop

CPM and Swervo Development are the latest developers to jump into the North Loop neighborhood development race in Minneapolis, with a proposal for a 10-story office building.

The Minneapolis companies hope to build it on a block that’s now a surface parking lot between N. 5th Avenue and the Cedar Lake Bike Trail, according to city documents made public Friday.

The plan faces its first public test on Thursday at a Minneapolis Planning Commission Committee of the Whole meeting.

The project is a late entrant in a flurry of speculative office towers proposed for the area. It sits diagonally across railroad tracks from the only such project to get off the ground: the T3 building that’s under construction by developer Hines.

Bloomington-based United Properties is considering a 10-story office building at the foot of the Target Field Station light-rail stop. Minneapolis-based Schafer Richardson is fleshing out plans for an 11-story office building nearby. All four projects are within four blocks of Target Field.

Illustration: Swervo and CPM. The Minneapolis development firms CPM and Swervo have teamed up to propose this 10-story office building in the North Loop. City planners will get a first look next week.