New Nicollet Phase I RFP Response Survey

The City of Minneapolis plans to redevelop 10 acres at Nicollet Avenue and Lake Street, where the old Kmart used to be. This project will happen in phases. Phase 1 will focus on the southeast part of the site.
In January 2026, we received two proposals for this first phase. These proposals line up with the vision created during three years of planning and over 20,000 conversations with the community. Both proposals include affordable housing, retail spaces, community services, and indoor space for park programs. Each proposal offers a unique vision for the area.








