{"id": "n-e1a3229736", "slug": "minneapolis-wells-fargo-home-mortgage-campus", "type": "office-park", "name": "Wells Fargo Home Mortgage campus", "aka": [], "city": "Minneapolis", "county": "Hennepin County", "state": "MN", "country": "US", "census_division": 4, "lat": 44.9773, "lon": -93.26547, "geocode_method": "nominatim-city", "address": null, "metro": null, "original_use": "corporate campus", "year_opened": null, "year_closed": null, "acres": 25.0, "gla_sqft": null, "stores_peak": null, "levels": null, "original_developer": null, "original_architect": null, "before_notes": "Draft from cbsnews.com, model-extracted, unreviewed: A long-vacant corporate campus in south Minneapolis is proposed to be redeveloped into a mixed-use project called \"Iconic Plaza\" with housing, healthcare, retail, and educational facilities.", "strategy": ["redevelop", "reinhabit"], "new_use": ["civic", "education", "healthcare", "housing", "office", "retail"], "share_retrofit": null, "status": "proposed", "year_retrofit": null, "developer": "Novarum Development Partners", "architect": "Dean Dovolis", "after_notes": "Iconic Plaza, a sprawling mixed-use development featuring housing, healthcare, retail and educational facilities, medical offices, community gathering spaces and a technology center.", "narrative": null, "narrative_license": null, "narrative_source": null, "zoning_change": "implied (incentives for office-to-housing conversions)", "public_subsidy": "expected", "entitlement_year": null, "planning_notes": "Approved by city.", "wikidata_qid": null, "wikipedia": null, "osm_id": null, "verified": "draft", "verified_by": null, "last_verified": null, "last_updated": "2026-10-18", "created": "2026-10-18", "contributor_name": null, "contributor_org": null, "contributor_link": null, "international": 0, "county_fips": "27053", "opp_score": 20.0, "opp_reasons": ["already in play: under construction, approved, or sold to a developer with housing plans", "25 acres", "median rent $1,439", "housing in the record"], "for_sale": 0, "distressed": 0, "url": "https://retrofitatlas.org/office-parks/mn/minneapolis-wells-fargo-home-mortgage-campus/", "events": [{"year": 2023, "date": null, "kind": "note", "detail": "acquisition announced", "source_id": 8521}, {"year": 2023, "date": null, "kind": "note", "detail": "city approval process to begin", "source_id": 8522}, {"year": 2023, "date": null, "kind": "note", "detail": "interior renovation to start", "source_id": 8523}], "sources": [{"id": 8520, "site_id": "n-e1a3229736", "url": "https://www.cbsnews.com/minnesota/news/wells-fargo-home-mortgage-campus-redevelopment-minneapolis-novarum/", "title": "Long-vacant south Minneapolis campus could bring healthcare to a designated shortage area, developers say", "publisher": "cbsnews.com", "date": null, "quote": "the former Wells Fargo Home Mortgage campus", "kind": "news", "license": null, "retrieved": "2026-10-18"}, {"id": 8521, "site_id": "n-e1a3229736", "url": "https://www.cbsnews.com/minnesota/news/wells-fargo-home-mortgage-campus-redevelopment-minneapolis-novarum/", "title": "Timeline", "publisher": null, "date": null, "quote": "Novarum Development Partners announced Monday that it has acquired the former Wells Fargo Home Mortgage campus", "kind": "quote", "license": null, "retrieved": "2026-10-18"}, {"id": 8522, "site_id": "n-e1a3229736", "url": "https://www.cbsnews.com/minnesota/news/wells-fargo-home-mortgage-campus-redevelopment-minneapolis-novarum/", "title": "Timeline", "publisher": null, "date": null, "quote": "Developers said they plan to begin the city approval process immediately", "kind": "quote", "license": null, "retrieved": "2026-10-18"}, {"id": 8523, "site_id": "n-e1a3229736", "url": "https://www.cbsnews.com/minnesota/news/wells-fargo-home-mortgage-campus-redevelopment-minneapolis-novarum/", "title": "Timeline", "publisher": null, "date": null, "quote": "hopes of starting some interior renovation work within months.", "kind": "quote", "license": null, "retrieved": "2026-10-18"}, {"id": 10150, "site_id": "n-e1a3229736", "url": "https://www.mprnews.org/story/2026/06/22/investor-group-plans-to-turn-former-wells-fargo-campus-into-multiuse-complex", "title": "found by hermes-web (staffboxfree)", "publisher": null, "date": null, "quote": "‘Dean Dovolis, DJR Architecture CEO.’", "kind": "hermes-web", "license": null, "retrieved": "2026-10-21"}], "deals": [{"id": 514, "site_id": "n-e1a3229736", "kind": "sale", "date": null, "year": null, "acres": null, "sqft": null, "buyer": "Novarum Development Partners", "seller": null, "broker": null, "lender": null, "loan_maturity": null, "loan_status": null, "listing_url": null, "status": null, "notes": null, "source_url": "https://www.cbsnews.com/minnesota/news/wells-fargo-home-mortgage-campus-redevelopment-minneapolis-novarum/", "source_title": null, "source_date": null, "quote": "Novarum Development Partners announced Monday that it has acquired the former Wells Fargo Home Mortgage campus", "verified": "draft", "retrieved": "2026-10-18"}], "parties": [{"name": "Novarum Development Partners", "kind": "developer", "role": "developer", "year_from": null, "year_to": null}], "parcels": [{"id": 593, "owner": "CITY OF MPLS", "acres": 1.25, "land_use": "COMMERCIAL-PREFERRED", "zoning": null, "appraised": null, "sale_date": null, "source_url": "https://gis.hennepin.us/arcgis/rest/services/HennepinData/LAND_PROPERTY/MapServer/1", "retrieved": "2026-10-21"}, {"id": 594, "owner": "COUNTY OF HENNEPIN", "acres": 1.25, "land_use": "COMMERCIAL-PREFERRED", "zoning": null, "appraised": null, "sale_date": null, "source_url": "https://gis.hennepin.us/arcgis/rest/services/HennepinData/LAND_PROPERTY/MapServer/1", "retrieved": "2026-10-21"}], "context": {"assessment": {"what_happened": "Proposed redevelopment of Wells Fargo Home Mortgage campus (25 acres, Minneapolis) as mixed-use Iconic Plaza. City approved planning. Novarum Development Partners acquired site (2023).", "why": "Strategy: redevelop/reinhabit. New uses include housing (explicitly listed), healthcare, education, retail, office. 25 acres aligns with peer projects (e.g., Four Seasons Mall, 22 acres).", "where_it_stands": "Status: proposed but planning approved. Interior renovations began 2023. Public subsidy expected. Zoning change implied for housing conversions.", "for_a_planner": ["Near Warehouse District (built)", "Within 10km of 9 other sites (e.g., Kmart proposed, Minneapolis City Center partial)", "Housing market data shows 2026 ZHVI $386,707 (1.4% YoY growth)."], "for_a_developer": ["Peer projects in MN (Four Seasons Mall, Delta site) share strategy.", "Housing explicitly listed in new_use.", "No timeline for construction provided.", "Public subsidy expected but not confirmed."], "risks_and_unknowns": ["No construction timeline.", "Zoning change details unknown.", "Public subsidy amount/structure unknown.", "Traffic data shows minor arterial (6 lanes) but no retail demand context."], "data_quality": "partial", "one_line": "Proposed 25-acre mixed-use redevelopment (housing, healthcare, retail) approved for construction, led by Novarum, with housing explicitly planned.", "model": "qwen3-30b-a3b-64k:latest", "machine": "Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b)", "record_sha1": "7319bf13ad05"}, "cluster": {"within_10km": [{"id": "n-ab0b0d2840", "name": "Kmart store site", "city": "Minneapolis", "status": "proposed", "km": 0.0}, {"id": "n-b238d765ff", "name": "Hotel Dyckman", "city": "Minneapolis", "status": "demolished", "km": 0.0}, {"id": "n-c75f1e4321", "name": "Warehouse District", "city": "Minneapolis", "status": "built", "km": 0.0}, {"id": "n-e95dcced69", "name": "Kmart at Nicollet Avenue", "city": "Minneapolis", "status": "demolished", "km": 0.0}, {"id": "n-98b60b2e5e", "name": "Minneapolis City Center", "city": "Minneapolis", "status": "partial", "km": 0.6}, {"id": "m-51e31719b4", "name": "Block E", "city": "Minneapolis", "status": "unknown", "km": 0.7}, {"id": "m-15b561513c", "name": "Apache Plaza", "city": "St. Anthony", "status": "unknown", "km": 7.7}, {"id": "n-ccac837c7c", "name": "Loffler Companies", "city": "St. Louis Park", "status": "built", "km": 7.9}, {"id": "m-809ba46488", "name": "Bandana Square", "city": "Saint Paul", "status": "operating", "km": 8.8}, {"id": "m-9952dcf8e9", "name": "Brookdale Center", "city": "Brooklyn Center", "status": "built", "km": 9.7}], "count_10km": 10, "count_25km": 30}, "elevation": {"elevation_ft": 839.7, "resolution": 1, "source": "USGS EPQS (3DEP)", "retrieved": "2026-10-20"}, "food_access": {"tract10": "27053126100", "urban": 1, "lila_1_10": 0, "low_access_1mi": 0, "poverty_rate": 20.3086419753086, "median_family_income": 121917.0, "snap_households": 478.0, "pop2010": 4938.0, "source": "USDA ERS Food Access Research Atlas 2019 (ArcGIS copy)", "retrieved": "2026-10-20"}, "housing_market": {"zhvi": {"latest": 386707, "month": "2026-09", "change_1y": 0.014, "change_5y": 0.085}, "zori": {"latest": 1784, "month": "2026-09", "change_1y": 0.038, "change_5y": 0.167}, "county_fips": "27053", "source": "Zillow Research (ZHVI, ZORI)"}, "jobs_lodes": {"tract20": "27053126102", "jobs": 67057, "retail_jobs": 675, "food_accommodation_jobs": 4942, "year": 2022, "source": "Census LEHD LODES8 WAC 2022 (all jobs, primary and secondary), blocks summed to the 2020 tract", "retrieved": "2026-10-20"}, "listings": {"zip": "55415", "month": "202609", "median_listing_price": 394500, "median_listing_price_yy": -0.0931, "active_listing_count": 59, "median_days_on_market": 65, "price_reduced_share": 0.1532, "pending_ratio": 0.094, "source": "Realtor.com Research, inventory core metrics by ZIP (ZCTA at the site point)", "retrieved": "2026-10-20"}, "opportunity": {"tract10": "27053126100", "kfr_p25": 0.4025, "jail_p25": 0.0036, "kids_count": 29.227, "commuting_zone": "Minneapolis", "vintage": "children born 1978-83, outcomes measured 2014-15", "source": "Opportunity Insights, Opportunity Atlas (Chetty, Friedman, Hendren, Jones, Porter 2018)", "retrieved": "2026-10-20"}, "peers": {"peers": [{"id": "m-26771b5cee", "name": "Four Seasons Mall", "city": "Plymouth", "state": "MN", "score": 8.0, "why": ["similar size (22 acres)", "same strategy: redevelop", "also in MN"]}, {"id": "n-260fcd20bc", "name": "Former Delta Airlines Site", "city": "Eagan", "state": "MN", "score": 8.0, "why": ["same strategy: redevelop", "also in MN", "16 km away"]}, {"id": "n-169b839f16", "name": "Three Executive Campus", "city": "Cherry Hill", "state": "NJ", "score": 7.0, "why": ["similar size (28.2 acres)", "same strategy: redevelop, reinhabit"]}, {"id": "n-3e3c70b59c", "name": "Brookside One and Brookside Two", "city": "Alpharetta", "state": "GA", "score": 7.0, "why": ["similar size (20 acres)", "same strategy: redevelop, reinhabit"]}, {"id": "n-27cd267da5", "name": "USGS Campus", "city": "Menlo Park", "state": "CA", "score": 7.0, "why": ["similar size (17.75 acres)", "same strategy: redevelop"]}, {"id": "n-6bbaa72431", "name": "Thomson Reuters Campus", "city": "Eagan", "state": "MN", "score": 6.5, "why": ["same strategy: redevelop", "also in MN", "19 km away"]}], "method": "size, era, strategy, status, type, state, distance"}, "permits": {"county": "Hennepin County", "2024": {"units_1": 2054, "units_2_4": 126, "units_5plus": 1739, "value_total": 1384366748}, "2023": {"units_1": 1782, "units_2_4": 92, "units_5plus": 3772, "value_total": 1781096981}, "retrieved": "2026-10-18"}, "qcew_retail": {"county": "27053", "year": 2025, "establishments": 3548, "employment": 65774, "avg_annual_pay": 47428, "lq_employment": 0.72, "employment_change_1y": -2.5, "source": "BLS QCEW 2025 annual, county, NAICS 44-45 retail trade, private", "retrieved": "2026-10-20"}, "retail_trend": {"2012": {"estab": 4209, "emp": 74482}, "2023": {"estab": 3714, "emp": 74922}, "estab_change": -0.118, "emp_change": 0.006, "county_fips": "27053"}, "schools": {"district": "Minneapolis Public School District", "district_geoid": "2721240", "grades": "PK-12", "district_vintage": "SY2024-25", "public_schools_1mi": 8, "schools": ["EMERSON ELEMENTARY", "LORING-NICOLLET HIGH", "STADIUM VIEW", "WELLSTONE INTERNATIONAL HIGH", "FAIR High", "Wellstone International High - SWS"], "schools_vintage": "SY2023-24", "source": 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