RBC Gateway explained

RBC Gateway
Address:250 Nicollet Mall
Coordinates:44.9814°N -93.2691°W
Status:Completed
Start Date:2019
Completion Date:2022
Architect:Smallwood, Reynolds, Stewart, Stewart & Associates, Inc.
Floor Count:37
Height:519 ft (158 m)
Main Contractor:McGough
Developer:United Properties

RBC Gateway is a 37-story, 519-foot-tall (158 m) mixed-use skyscraper in Minneapolis, Minnesota. The building contains 34 luxury condominium units, a 222-room Four Seasons hotel, and 530,000 square feet of office space.[1]

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.[2] 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.[3] [4] RBC Gateway held a ceremonial groundbreaking on June 19, 2019, with expected completion in 2022.[5]

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.[6] The sale did not include the hotel or condo floors of the tower.[7]

Construction

Construction on RBC Gateway began in June 2019 and was completed in 2022.[8] The general contractor for the project was Minneapolis-based McGough Construction and it was designed by Smallwood, Reynolds, Stewart, Stewart & Associates, Incorporated.[9]

See also

References

  1. Web site: CAE . Kathryn Hamilton . 2024-05-09 . RBC Gateway: Soaring to New Heights in Minneapolis . 2024-10-03 . blog.naiop.org . en-US.
  2. Web site: Bentley . Chris . 2015-02-12 . Minneapolis planners pick 36-story tower for Nicollet Hotel block . 2024-10-03 . The Architect’s Newspaper . en-US.
  3. Web site: Print Preview . 2024-10-03 . press.fourseasons.com.
  4. Web site: 2019-06-12 . Plans Unveiled for Four Seasons in RBC Skyscraper . 2024-10-03 . Twin Cities Business . en-US.
  5. Web site: 2019-06-19 . RBC Gateway Breaks Ground; Tower's Office Space Nearly 85 Percent Leased . 2024-10-03 . Twin Cities Business . en-US.
  6. Web site: Buchta . Jim . 2023-07-26 . Downtown Minneapolis' high-profile RBC Gateway offices sell for $225M . 2024-10-03 . www.startribune.com . en.
  7. Web site: CBRE Arranges $225M Sale of Minneapolis’ RBC Gateway Tower Office . 2024-10-03 . Connect CRE . en-US.
  8. Web site: RBC Gateway - The Skyscraper Center . 2024-10-03 . www.skyscrapercenter.com.
  9. Web site: RBC Gateway . 2024-10-03 . McGough . en-US.