BIT Breaks Ground at T3

 BIT Hosts Groundbreaking

Ceremony at T3

 

Office Project is Second Development for BIT in the

North Loop neighborhood of Minneapolis

 

Labor leaders, Minneapolis city officials, BIT team members, and representatives from Hines break ground at T3 in Minneapolis. 

 

Last week more than 100 union leaders and workers, elected officials, and local community advocates joined the AFL-CIO Building Investment Trust (BIT) and Hines to celebrate the groundbreaking of T3, in Minneapolis, MN.

 

Located adjacent to Target Field, the development will bring 221,500 square feet of office space to the area, and will be constructed using a heavy timber frame intended to mimic the historic warehouse buildings of the area. 

 

A rendering of T3, under construction in Minneapolis. 

 

T3 stands for timber, transit, and technology.  The project will feature innovative design that emphasizes sustainability, collaborative work spaces, access to multi-modal transit options, and modern technology and connectivity. T3 will boast modern office amenities, including a rooftop deck, bike repair and storage facility, fitness center, and underground parking. Retail will also be located on the first floor of the building. 

 

This is the second project the BIT has teamed up with Hines to complete in Minneapolis in recent years. Dock Street Flats, completed in 2013, is a 185-unit apartment project located adjacent to the T3 Office site. 

 
All on-site construction at T3 Office will be completed using union labor, and servicing and maintenance of the completed project will be performed by union members.  T3 is expected to create approximately 300 union construction jobs, and many more in the servicing and maintenance of the completed project.

 

The BIT and Hines were joined by the leadership of state and local labor federations, who praised the project for its commitment to union job creation. 

 

Dan McConnell addresses the crowd at the T3 groundbreaking event.

 

"We are always pleased to work with the BIT," said Dan McConnell, Business Manager of the Minneapolis Building and Construction Trades Council. "Their commitment to job creation in the area has meant a lot to our members."* 

 

This sentiment was echoed by Harry Melander, President of the Minnesota State Building and Construction Trades Council. "I have been working with the BIT for a long time now in Minnesota," he said. "Since 1998, they have invested more than $100 million in properties located in our state and created hundreds of union construction jobs."* 

 

Harry Melander speaks at the groundbreaking of T3 in Minneapolis. 

 

Shar Knutson, President of the Minnesota AFL-CIO also addressed the crowd at the event. President Knutson highlighted the importance of union-endorsed funds like the BIT.  "The potential of the BIT to create jobs and strengthen the pensions of our workers is huge. We must not take the power of our pensions for granted.  They are an important tool for both job creation and community development."* 

 

Shar Knutson addresses the crowd at the groundbreaking.

 

Bill McCarthy, President of the Minneapolis Regional Labor Federation spoke at the event as well, noting the positive impact the project will have on the North Loop community:

 

"T3 marks the third investment by the BIT in Minneapolis in recent years. We look forward to the positive impact this project will have on our members, our communities, and the local economy.  The BIT and Hines have delivered world-class projects to our neighborhoods that are completed with the highest level of quality and safety. The Minneapolis Regional Labor Federation is proud to partner with them again."* 

 

Bill McCarthy speaks at the event.