"Pinnacle – Satori Minneapolis Mixed-Use Complex – Minnesota - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Pinnacle Management LLC (Pinnacle) is planning to construct a mixed-use complex in Minnesota, the US.
The project involves the construction of a mixed-use complex comprising 254 residential units. It will include the construction of 7,990m2 of commercial space, 4,180m2 of office space, 679 parking spaces and related facilities.
The project will replace the three blocks (800, 900 and 1,000) of a commercial strip with a mixed-use complex. It will be implemented in phases and 800 block is considered as the first phase of the project.
On June 6, 2014, Pinnacle submitted a preliminary planning application to the city council. The planning application is to be reviewed by the Planning Commission, Minneapolis City Council.
In April 2016, Pinnacle submitted Transit Oriented Development (TOD) Grant application to the Hennepin County.
In May 2016, Pinnacle requested the city council an exclusive development rights for a period of 24 months for the three blocks in order to secure project financing. Pinnacle will pay holding costs of US$2,000 per lot per year.
In July 2016, Pinnacle secured the exclusive development rights for a period of 24 months.
The project involves the construction of a mixed-use complex comprising 254 residential units in Minneapolis, Minnesota, the US.
The US$85 million project includes the following:
1. Construction of 7,990m2 of commercial space
2. Construction of 4,180m2 of office space
3. Construction of 679 parking spaces and related facilities