Four proposals were submitted, and one from Alex Duval would involve building the tallest building in the city on the site, which is currently home to a surface parking lot.
Duval's proposal includes a 900-foot, mixed-use tower. That'd be more than 100 feet taller than the IDS Center, which at 792 feet is currently Minneapolis's tallest.
The other three proposals, submitted by United Properties, Mortenson, and Doran Development, aren't quite as ambitious as Duval's, but feature mixed-use towers at least 20 stories in height. (Read more about the proposals here.)
Reached for comment this morning, the City Council member representing that part of town, Jacob Frey, says he expects the city to make a decision about which developer to sell the parcel to next month.
Frey says he's "trying to keep an open mind on all of them" at this point in the process. He previously called the property "probably the sexiest parcel of land in the entire city," and he reiterated that sentiment this morning.
"You can see now why I was calling it so sexy -- it's rocking with potential," Frey says.
"We wanted the structures to be iconic, and I think the developers have delivered in spades," Frey continues. "We wanted the public realm and green space to be significant, and we wanted an excellent connection to the streetscape and river, and you know, I'm really impressed with the work that has been done. We asked designers and architects to step up their game, and they most certainly did."
Frey says density, the look of the building, and the price each developer is willing to pay for the parcel will be major considerations when it comes time to make a decision.
With regard to a sale price, Frey says, "I'd be lying if I said it wasn't a factor, because all these programs that we need to pay for throughout the city need funding."
A rendering of Duval's proposal is at the top of this post. Here are United Properties' and Doran Development's, respectively (the rendering for Mortenson Development's proposal wasn't immediately available):