Minneapolis opens RFP for 'New Nicollet' Phase One
The City of Minneapolis has issued a formal Request for Proposals this week for Phase One of the 'New Nicollet' redevelopment at Lake Street and Nicollet Avenue, the former Kmart site long blamed for severing the corridor. Phase One targets the southeast quadrant with subsidized and affordable apartments; bids are due in January 2026, with a developer to be approved later in 2026 and construction still several years away.
Housing
Local Government
Transit & Infrastructure
đ Key Facts
- City of Minneapolis CPED released the Phase One RFP for the 'New Nicollet' site this week
- Phase One (southeast quadrant) prioritizes subsidized/affordable apartments
- Bids due January 2026; developer selection expected later in 2026
- Overall concept: hundreds of housing units, street-level retail, a major grocery, and public park space; goal is to reconnect Nicollet Avenue
- Former Kmart was demolished in fall 2023 after the city took control of the site