RBC Gateway

RBC Gateway
Map
General information
StatusCompleted
Address250 Nicollet Mall
Coordinates44°58′53″N 93°16′09″W / 44.98137920000061°N 93.2690919288328°W / 44.98137920000061; -93.2690919288328
Construction started2019
Completed2022
Height519 ft (158 m)
Technical details
Floor count37
Design and construction
Architect(s)Smallwood, Reynolds, Stewart, Stewart & Associates, Inc.
DeveloperUnited Properties
Main contractorMcGough

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