The Excelsior Group, LLC and Ryan Announce Plans for 10 West End Development
MINNEAPOLIS, MN The Excelsior Group, LLC and Ryan Companies U.S., Inc. announce plans to develop 10 West End, a 315,000-square-foot office building located at the southwest quadrant of Interstate 394 and Highway 100 within the West End mixed-use development. The 11-story building is the first of two phases and the first Class A office building constructed in over 16 years in the 394 submarket of the Twin Cities.
Building amenities will include a dramatic and active entrance lobby, progressive creative work environments, rooftop terrace, fitness center, ground floor bike storage, lockers, showers, and outdoor balconies on every floor with views of downtown Minneapolis and the vibrant West End neighborhood. In addition, 10 WEST END is located adjacent to a new urban park and is in close proximity to a wide range of transit options including mass transit and the Cedar Lake bike trail - a major artery of the Three Rivers Park District regional trail system. Further, the location offers walkable neighborhood amenities including restaurants, shopping, entertainment, multi-family housing and hotels. 10 WEST END will offer flexible and efficient floor plates, best in class technology infrastructure, and ample parking.
"10 WEST END is the new urban, and will check all the boxes when it comes to attracting today's employees, offering the best of urban offices without the hassles," said Tom Tracy, Vice President, The Excelsior Group. "We're thrilled to be partnering with Ryan Companies once again to create the next generation office building."
"10 WEST END is absolutely unique in its ability to meet the need of both business leaders and the future workforce, and we're thrilled to be sharing it," said Mike Ryan, President of Ryan A+E, Inc. "The neighborhood offers a pedestrian experience that cannot be found elsewhere in the Twin Cities. It combines many of the retail amenities, transportation connections, and living options of a downtown setting, with the ease of access and visibility of a suburban setting. The ground floor of the building will further enhance the unique West End experience further with outdoor patios, direct park access, retail space, and the activation of a number of the buildings' amenities. The building's striking brick faÃ§ade is capped with a distinctive wood and steel cornice which protects a large outdoor terrace from the elements, and additional balconies ensure each office floor has outdoor space."
"The 394 corridor is clearly a bright spot in the Twin Cities office market," said Tony Barranco Vice President of Development, Ryan Companies. "With low vacancies, rising rents, and very few large blocks of available space, we feel that the market is right for an asset like this, especially on such an accessible and amenity-rich site like West End."
Ryan Companies is providing development, construction, capital markets, and architecture & engineering services. The Excelsior Group will support development and leasing activities with Jim Jetland as the listing agent, and provide property management services.