Century Plaza 330 S 12th St Minneapolis MN 55404: A Hotel Transformation

Is the Century Plaza, at 330 S 12th St Minneapolis MN 55404, poised to become a key addition to Minneapolis' hotel scene? This historic building, with its rich past as a vocational high school and later Hennepin County offices, is currently undergoing a significant transformation. Understanding the complexities surrounding this property, including its recent sale and planned conversion, is increasingly important for those interested in downtown Minneapolis real estate.

This article delves into the current status of the Century Plaza, touching on the recent sale, the renovation plans, and the potential impact on the city's hotel market. We'll also address a temporary technical issue affecting access to LoopNet information about the property. Ultimately, this article aims to provide a comprehensive overview of this significant project.

A Technical Snag on LoopNet

LoopNet, a popular platform for commercial real estate, is experiencing a temporary technical issue regarding the Century Plaza 330 S 12th St Minneapolis MN 55404 listing. The website's automated response indicates that the problem is known and being actively addressed by the LoopNet team. This proactive notification, coupled with the assurance of a prompt resolution, highlights LoopNet's commitment to user experience.

This technical problem affects only the specific webpage related to this property. Other features of the LoopNet website may not be affected. Users are advised to check back periodically for updates on the resolution of the issue. This demonstrates LoopNet's dedication to providing timely and reliable information, even in the face of temporary technical difficulties, and naturally positions itself as a crucial resource for individuals and businesses involved in commercial real estate transactions.

A New Hotel Rises from the Ashes of the Past

Swervo Development has purchased the Century Plaza building, a significant acquisition for the Minneapolis hotel market. This vacant property, which stands across from the Minneapolis Convention Center, presents a unique opportunity for the city, especially given the recognized need for increased hotel capacity to support convention-goers.

The purchase price of $7.5 million reflects the confidence in the project's viability. Plans for the building include a 149-room hotel, a 12,000-square-foot rooftop amenity space, and a police station spanning the lower level and first floor, strategically utilizing a substantial portion of the parking garage. This innovative approach to integrating public safety with hotel amenities is unique in the current marketplace.

A Historic Building, a Modern Vision

Originally a girls' vocational high school, the Century Plaza building has a history dating back to the 1930s, with an expansion in the 1940s. The building's past life as a vocational school underscores its location in the heart of the city, and the decision to convert it into a hotel now is poised to significantly elevate the area's offerings.

The acquisition marks a step forward in meeting the growing demand for hotel accommodations. The vacancy of the building since 2017 suggests a significant shift in demand, and the development plan reflects the current market needs. The convenient location near the convention center, coupled with the hotel's planned amenities, makes this project attractive to both travelers and the local community.

The Future of Century Plaza and Downtown Minneapolis

The Century Plaza project represents a notable addition to Minneapolis' downtown landscape, specifically in light of the city's hotel market demands. Adding more hotel capacity is a crucial element in boosting the city's competitiveness as a convention destination.

The proposed hotel, with a significant rooftop amenity, clearly intends to cater to the needs of a broader range of travelers, beyond just convention attendees. This ambitious project, incorporating a police station into the lower floors, is a unique aspect that likely reflects a focus on community safety and hotel convenience. The project's approval by the Minneapolis Planning Commission signifies a significant step forward in the realization of this vision.

The Century Plaza project, at 330 S 12th St Minneapolis MN 55404, is a significant development for the city. This transformation of a historic building into a modern hotel, with a unique integration of public safety, positions the project to play a vital role in downtown Minneapolis's growth and future, especially as a response to the needs of the important convention sector.

While a temporary issue with access to specific information on LoopNet affects potential buyers and industry professionals, the overall picture suggests a revitalized and strategically located hotel project. The project's future success will depend on factors such as market response, hotel occupancy rates, and the success of the unique integrated police station.

FAQ: Century Plaza Hotel Conversion Project

This FAQ addresses questions about the upcoming conversion of the Century Plaza building at 330 S 12th St, Minneapolis, MN 55404, into a hotel.

Q1: What's the status of the LoopNet website regarding the Century Plaza property?

A1: Currently, a technical issue is affecting access to a specific feature of the Century Plaza property listing on the LoopNet website. LoopNet is aware of the problem and actively working to resolve it. Users are advised to check back in the near future for potentially resolved access to the information. This issue only affects the specific property page; other parts of the LoopNet website may function normally.

Q2: Who is purchasing the Century Plaza building, and what are their plans?

A2: Swervo Development has purchased the Century Plaza building for $7.5 million. Their plan is to transform the vacant building into a 149-room hotel. A significant portion of the parking garage will be incorporated into a 36,000 square foot police station on the ground and lower levels. A 12,000 square foot rooftop amenity space is also planned.

Q3: Why is this purchase significant for Minneapolis?

A3: The purchase is crucial to bolstering Minneapolis's hotel options, particularly in proximity to the convention center. The area lacks hotel capacity compared to other convention cities, making this a vital addition to the market.

Q4: What was the building's previous use?

A4: Originally a girls' vocational high school, built in 1932 and expanded in the 1940s, the building subsequently housed Hennepin County offices before becoming vacant in 2017.

Q5: When did the building become vacant?

A5: The building has been vacant since 2017.

Q6: How large is the hotel planned?

A6: The planned hotel will encompass 213,000 square feet.

Q7: What about the parking ramp?

A7: The parking ramp remains accessible despite the building's vacancy. A significant portion of the garage will be used for the police station.

Q8: Who were the previous owners?

A8: The building was owned by a small group of investors led by Doug Hoskin, who acquired it in a 2017 Request for Proposals (RFP) process. Hoskin sold his share of the ownership group in 2020.

Q9: What approvals were needed for this project?

A9: Swervo obtained approval from the Minneapolis Planning Commission.

Q10: Where is the hotel located in relation to other attractions?

A10: The hotel will be located across the street from the Minneapolis Convention Center.