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

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