A $45 million mixed-use development from the locally based
Ackerberg Group will help meet the demand for both parking and office space in Minneapolis' Uptown area.
The 10-story
Mozaic development recently broke ground, the company announced in a prepared statement.
Mozaic includes a parking garage that will have 436 parking stalls and 120 surface parking stalls on floors two through seven.
On the top three floors will be 65,000 square feet of "class A" office space, which will help provide more daytime jobs, according to Thatcher Imboden, a company spokesperson.
"We think there's a huge untapped market for office space in Uptown," he says.
The 13,000-square-foot ground level will house restaurant and retail outlets.
Also part of the development is a public plaza plus a new pedestrian and bike bridge on Girard Avenue that will lead to the Midtown Greenway. "We feel it's a critical connection to Uptown," he says, adding that this aspect of the project was made possible through Hennepin County transit-oriented development dollars.
Being set back away from the street, the glassy, stepped-back structure will feel more like a mid-rise building, he says, adding that a green wall that will be covered in vines and acrylic panels alongside the parking area "helps soften the building."
It'll have open floor plans, large floor plates, and "unprecedented views" of downtown, nearby lakes and South Minneapolis.
Funding for the project comes from the Ackerberg Group and MidCountry Bank, and through Recovery Zone Facility Bonds issued by the city, according to company information.
Mozaic will be open by January 2012.
In the future another 100,000 to 150,000 square feet of commercial, residential or mixed-use space could be added. "I think people will be happy with the results," he says.
Source: Thatcher Imboden, Ackerberg Group
Writer: Anna Pratt