Groundbreaking for Downtown East
Wells Fargo and Ryan break ground on Downtown East
Excerpt:
Ryan Cos. US Inc., Wells Fargo & Co., Gov. Mark Dayton and the city of Minneapolis held a groundbreaking ceremony Tuesday in Minneapolis to kick off construction of the $400 million Downtown East development. The bank, which will move about 5,000 employees into 1.1 million square feet of office space in the 5-block urban development, demonstrated its commitment to Minneapolis with this project, said Wells Fargo Chairman, President and CEO John Stumpf. "This is not just any other place. This is not just any other building. This is not just any other community. This is Minneapolis. This is where my heart is. This is where our heart is," Stumpf told the crowd of a few hundred people gathered in a tent on part of the site. Other dignitaries at the event included Dayton, Minneapolis Mayor Betsy Hodges and Ryan Cos. CEO and President Pat Ryan.Comment: We were downtown today but I was at the Northern Operations Center. I'm not sure where Kathee was today (she rode in with me). I think she was at the Tower. We are not likely to move offices here because we are likely to be retired before its opening. More from the Star Tribune. Wiki on Downtown East neighborhood. Ryan Cos project page.
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ReplyDelete“During a a 50-minute presentation that preceded the actual groundbreaking, officials repeatedly called the Downtown East project ‘transformative’ to an area of downtown that has long resisted ambitious development. Work has already begun on the site, home to the Ryan Cos. project near the $1 billion Vikings stadium that includes two 18-story office towers for Wells Fargo & Co., 24,000 square feet of retail and restaurant space, 193 market-rate apartments and an urban park spanning nearly two city blocks.”