Best in Real Estate judges saw this as a competitive category, but ultimately said the 26-story, mixed-use Nic on Fifth was a market-changing project in downtown Minneapolis. It already has spurred other development in the neighborhood and has the potential to change a national perception that Minneapolis is flyover country.  -Minneapolis/St. Paul Business Journal

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MG McGrath will furnish and install a 2780 square foot custom art wall piece on the project.

Stats

• Location: 465 Nicollet Mall, Minneapolis
• Groundbreaking: Sept. 6, 2013
• Expected completion: August 2014
• Size: 422,595 square feet
• Value: Not provided
• Number of rental units: 253
• Unit size: 560 to 2,791 square feet
• Average rent: Determined by availability

Sampling of amenities: Private balconies, gourmet kitchens, floor-to-ceiling glass, skyway and light rail connections, on-site retail, concierge, guest suites, pet-friendly, bike storage and workshop, fitness and yoga, iLounge, clubroom and entertainment kitchen, garden roof deck with pool, cabanas and spa, firepits, grilling lounge and outdoor kitchen.

 

Best in Real Estate 2014 Market Rate Multifamily Development Winner: The Nic on Fifth