MINNEAPOLIS, March 24, 2019 —Today the Dayton’s Project released a new collection of seven renderings that reflect the latest project design elements and details. These new views into the future of the Dayton’s Project illustrate how the historic building is being reimagined for the 21st century.
“We are thrilled to share these new looks at how the project vision is being brought to life,” said Steve Bieringer, senior design manager at Gensler Minneapolis and lead architect on the project. “The design reflects both the historical significance of the building and how the updated spaces will serve Dayton’s Project visitors now and for years to come.”
“This world-class building will serve as a new anchor of dining, office and shopping experiences in downtown Minneapolis,” said Brian Whiting, President of Telos Group, one of the lead developers of the project. “As we refine the design details and move full steam ahead with construction, it’s exciting to see the project vision take shape before our eyes.”
Located in the heart of downtown Minneapolis, the Dayton’s building has been a central piece of Minnesota’s economy and culture for generations. For more than 100 years, the landmark building at 700 Nicollet was home to the famous Dayton’s department store and was an anchor for the downtown business district.
The Dayton’s Project design and development teams are dedicated to realizing the building’s potential while also taking care to honor and secure its place in history. For example, many original features have been retained and restored, including the Art Deco bathrooms and JB Hudson space. To formally recognize this architectural and historical gem, the development team worked closely with state and federal policy makers to secure the Dayton’s building’s rightful listing on the National Register of Historic Places.
Standing at 12 stories with over 1.2 million square feet, the new Dayton’s Project will feature exceptional modern office, dining and retail spaces, including an innovative 45,000 square foot food hall drawing in both visitors from Nicollet and the skyway. The offices will enjoy many tenant-exclusive amenities, like a green rooftop terrace with unparalleled skyline views, private lounge and library spaces, and a state-of-the-art gym facility. Construction began in 2017, and demolition was complete in 2018. Now a new phase of construction and renovation begins, with the building scheduled for opening to the public in the Spring of 2020.
New renderings available to download
To view and download all seven new design renderings, visit thedaytonsproject.com/news.
Interviews available upon request
Brian Whiting, President, The Telos Group
Steve Bieringer, Senior Design Manager, Gensler Minneapolis
Dayton’s Project ownership team
The principals of 601w Companies oversee one of oversee one of America’s leading private real estate acquisition, ownership, development and management portfolios in the country. Over the past 25 years, 601w has acquired many substantial and well-known commercial properties throughout the country, aggregating 50 million square feet, with a collective value in excess of $8 billion. In relation to these deals, 601w has raised more than $2 billion in equity, mostly from longstanding investors, and has consummated transactions involving 32 major office buildings, including 13 in Manhattan and 12 in Chicago.
The Telos Group, LLC provides leasing, marketing and strategic consulting to real estate owners nationwide. Telos employs a goal-driven process to create entrepreneurial solutions customized for each assignment. As Chicago’s only dedicated owner representation firm, it has been the leader in shaping the evolution of office space for innovative businesses. Telos represents a portfolio of over 27 million square feet encompassing historic to trophy buildings owned by diverse ownership groups, from entrepreneurial investors to international institutions. In addition to the Dayton’s Project, Telos projects include the current redevelopments of The Willis Tower and the Post Office buildings in Chicago as well as the recent repositioning of Prudential Plaza in Chicago.
United Properties has been creating deep roots in the commercial real estate industry for 100 years. The company imagines new possibilities in real estate to help strengthen communities and create lasting legacies. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with an office in Denver. United Properties has a long history of investment in Minneapolis, including orchestrating the conversion of a 100-year-old Model T factory into a modern business center, helping to act as a catalyst for further development in Minneapolis’ hot North Loop neighborhood.
Lou Ann Olson