The owner of the 4-story, abandoned, TCF Bank building located at 801 Marquette Avenue has major plans in the works to tear down the existing structure and replace it with a 50-story tower. The plan for the tower is to develop a full-service hotel, apartments and office space.
In 2014, a vice president with the firm was quoted saying that “it was ‘an opportune time for optimizing the potential of the location’ and that Franklin Street ‘saw significant untapped potential on the site’ when it bought the building.” (Star Tribune)
If executed, the newly announced project could be the city’s tallest new skyscraper in over 20 years!
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