RBC Gateway
History
RBC Gateway was initially proposed in 2015 by United Properties as part of a public competition to redevelop a surface parking lot in downtown Minneapolis and called for a 300-room Hilton hotel and office space. In June 2019, the developer announced that plans for the tower would be revised to instead incorporate a 222-room Four Seasons hotel and 34 luxury condo units rather than the originally slated Hilton. RBC Gateway held a ceremonial groundbreaking on June 19, 2019, with expected completion in 2022.
In July 2023, San Francisco investment firm Spear Capital acquired the 16 floors of office space in RBC Gateway from United Properties for $225 million. The sale did not include the hotel or condo floors of the tower.
Construction
Construction on RBC Gateway began in June 2019 and was completed in 2022. The general contractor for the project was Minneapolis-based McGough Construction and it was designed by Smallwood, Reynolds, Stewart, Stewart & Associates, Incorporated.
See also
References
- ^ CAE, Kathryn Hamilton (2024-05-09). "RBC Gateway: Soaring to New Heights in Minneapolis". blog.naiop.org. Retrieved 2024-10-03.
- ^ Bentley, Chris (2015-02-12). "Minneapolis planners pick 36-story tower for Nicollet Hotel block". The Architect’s Newspaper. Retrieved 2024-10-03.
- ^ "Print Preview". press.fourseasons.com. Retrieved 2024-10-03.
- ^ "Plans Unveiled for Four Seasons in RBC Skyscraper". Twin Cities Business. 2019-06-12. Retrieved 2024-10-03.
- ^ "RBC Gateway Breaks Ground; Tower's Office Space Nearly 85 Percent Leased". Twin Cities Business. 2019-06-19. Retrieved 2024-10-03.
- ^ Buchta, Jim (2023-07-26). "Downtown Minneapolis' high-profile RBC Gateway offices sell for $225M". www.startribune.com. Retrieved 2024-10-03.
- ^ "CBRE Arranges $225M Sale of Minneapolis' RBC Gateway Tower Office". Connect CRE. Retrieved 2024-10-03.
- ^ "RBC Gateway - The Skyscraper Center". www.skyscrapercenter.com. Retrieved 2024-10-03.
- ^ "RBC Gateway". McGough. Retrieved 2024-10-03.