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Hotel Ivy + Residence

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Identification

Hotel Ivy + Residence
Hotel Ivy & Residence
216578

Map

Structure in General

high-rise building
existing [completed]
shear wall
concrete
mat foundation
concrete
glass
curtain wall
light blue light brown
postmodernism

Usages

residential condominium hotel
restaurant parking

Facts

  • The hotel is part of Starwood's Luxury Collection as one of Minneapolis' finest properties.
  • On two separate occasions, the Minneapolis City Council voted to extend the developer's timeline for receiving financing.
  • The towers include 92 condominium units and 136 hotel rooms.
  • All units come with one parking spot, and valet service is provided.
  • The redevelopment included construction of a new skyway connection to the west across 2nd Avenue to the Marquette Parking Ramp.
  • The main section north of the existing Ivy Tower is built on a 5.5 ft (1.68 m) mat foundation, while the section to the east is supported by caissons.
  • This is the first residential-hotel combination in the Twin Cities. Ivy residents have full access to the amenities provided to hotel guests.
  • The developers received $8.4 million in tax increment financing (TIF) funding.
  • Marketing of the condominium units began in late September 2004.
  • The Hotel Ivy + Residence wraps around and incorporates the historic Ivy Tower, previously threatened with demolition.
  • In response to the high water table issues, the developer moved 1 floor overground and the tower grew from 286 to 302 feet. The Minneapolis Heritage Preservation Commission approved this change in June 2006.
  • Originally planned to rise over 6 levels of underground parking, the developers discovered that the water table was higher than anticipated during initial excavation.
  • This is the tallest building completed in Minnesota during 2008.
  • The Hotel Ivy opened for business on 21 February 2008, even though the exterior was not completed until July 2008.

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More Information

Location

201 11th Street South
1101-1115 2nd Avenue South
201 11th Street South
55403
Downtown West
Central
Minneapolis
Minnesota
U.S.A.

Technical Data

301.58 ft
273.50 ft
11.00 ft
183.16 ft
108.83 ft
25
5
Jun 2006
Jul 2008
6
0
129
$72,000,000

Involved Companies


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Features & Amenities

  • Balconies are available
  • Skybridge link to next building
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