Updated: 05/13/2014 1:45 PM
Created: 05/06/2014 11:39 AM KSTP.com
By: Jennie Olson
Crews are breaking ground on the Downtown East development near the new Vikings stadium.
Ryan Companies and Wells Fargo held the ceremonial groundbreaking Tuesday. The five-acre, $400 million project includes office space, retail space, apartments, a parking ramp and an urban park.
Gov. Mark Dayton, Mayor Betsy Hodges, Former Mayor R.T. Rybak, Minneapolis City Council President Barbara Johnson, and representatives from Ryan Companies and Wells Fargo all spoke at the ceremony.
"We know that we want to double the downtown population," said Mayor Betsy Hodges. "We have a vision for making sure that this is a place where people play, where people live, where people work, and that it's the most vibrant downtown in the country."
The Downtown East project is just one of many large projects under construction in Minneapolis.
The nearly $1 billion new Vikings stadium is officially underway. The massive stadium will have more than 65,000 seats and twice the number of restrooms as the Metrodome. It’s scheduled to be completed in July 2016.
On Wednesday, city officials will unveil artwork for the future of Nicollet Mall, a shopping and entertainment hub that attracts 130,000 people every day. Images and artwork of the proposed redesign will be open to the public with a complete presentation at 4:30 p.m. Wednesday.
Also, the Minneapolis City Council on Tuesday will vote on an architect and engineering team to renovate the Target Center. The $97 million facelift includes new seats, a new scoreboard and a redesign of the exterior of the building. The goal is to get another 20 years out of the arena.