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. 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.
This project will accommodate relocation of several existing Mankato companies which allows for retention of approximately 100 jobs. Expansion of two growing Mankato companies will produce up to 46 new jobs in the City Center. The redevelopment provides an opportunity to address a high demand for parking by existing area businesses in addition to supporting the new construction. Parking improvements include 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. This new construction project will significantly increase commercial and office space in the downtown area and will serve as a catalyst for additional urban renewal.