South Front Street Mixed Use Building

Mankato, MN | Housing

Overview

On the cusp of a sizable boom in local development, this is the first significant privately-financed office building to rise downtown in more than four decades and is the largest downtown development in nearly two decades.


Opportunity

The proposal includes demolition of two buildings and construction of two new buildings. The first building will consist of a seven-story, 60,000-square-foot office complex. The second building, a four-story mixed use building located along South Front Street, includes a restaurant on the first and fourth floors; and residential rental units on the second and third floors.

Solution

This project accommodated the relocation of several existing Mankato companies which allowed for retention of approximately 100 jobs. Expansion of two growing Mankato companies produced up to 46 new jobs in the City Center. The redevelopment provided an opportunity to address a high demand for parking by existing area businesses in addition to supporting the new construction. Parking improvements included constructing a 200-stall parking ramp adjacent to the office tower and behind the mixed-use building, and a public parking lot at the corner of Warren and Front streets. The new construction project significantly increased commercial and office space in the downtown area and served as a catalyst for additional urban renewal.


Market News

ISG Strategically Advances Environmental Service Expertise

July 23, 2020 (Bloomington, Minnesota) – ISG, a professional design and engineering firm made a strategic advancement to expand its services by welcoming Julie Blackburn as its new Environmental Practice Group Leader, out of the firm’s Bloomington office. Joining 300+ employee-owners including a team of in-house environmental scientists, Julie, the former Governor’s appointee to the Lessard-Sams Outdoor Heritage Council, brings over 25 years of passion for identifying environmental solutions and will guide the firm as it takes the next step in becoming an industry leader in environmental services.
Read More

ISG Named Business of the Year by Grow Cedar Valley

June 22, 2020 (Waterloo, Iowa) – Based on its growing presence in eastern Iowa and efforts to give back to the community, ISG has received the 2020 Business of the Year Award from Grow Cedar Valley, an organization devoted to the growth of businesses in the region. ISG’s Waterloo office was honored as one of two businesses of the year (1-50 full-time employees), marking the firm’s growing impact in the region since expanding its footprint to Waterloo in 2018.
Read More