MINNEAPOLIS HOTEL LOCATION
The Twin Cities of Minneapolis/ St. Paul economy is among the strongest in the United States. The area has the second largest economy in the Midwest, behind only Chicago, and is home to more than 3.4 million residents, a number that continues to grow at a rapid pace. Minneapolis/St. Paul has seen consistent job growth and is home to 18 of Minnesota’s 19 Fortune 500 companies. Minneapolis appeared on Forbes magazine’s list of the Best Places for Business and Careers in 2013, and the downtown area is home to nearly 170,000 jobs. State-wide, the overall Minnesota economy has been robust. Ranked as the eighth best state for business by Forbes, Minnesota collectively has shown similar economic strength to the Twin Cities. As one of the most resilient and fastest growing economies in the nation, improvement in manufacturing, mining, agriculture, construction, finance and investment has caught the national spotlight and captured international attention. The Bureau of Labor Statistics reports that the Twin Cities ranks among the best economies in the nation with a GDP increase of 3.9% in 2012. Recent data also showed that state-wide unemployment in Minnesota measures just 3.5%, as of November, 2014.
Separated by the Mississippi River, the Twin Cities offers a plethora of lakes, parks, sporting events, museums, summer concerts, restaurants, and entertainment activities. Forbes recently named Minneapolis/St. Paul the healthiest major city in America. Four major franchise sports teams reside in the Twin Cities, which significantly add to entertainment and culture of the cities. In addition to the Minnesota Twins, Twin Cities professional sports teams include the Vikings, Timberwolves, and Wild. The Vikings recently began construction on a new $1 billion football stadium in the Downtown East part of Minneapolis. Economic expansion and stability, combined with a high quality of life for its residents, quickly explains the Twin Cities population growth.
The building for The Hewing Hotel is located at the entry to the North Loop area of Minneapolis, currently the fastest growing and most interesting section of the city, with population tripling since 2000. Located at the gateway to this Historic Warehouse District, an underserved area for luxury boutique hotels, this site offers direct access to the Target Field outdoor baseball stadium, the trendiest restaurants in Minneapolis, a short walk from the Minneapolis Skyway system, and adjoins the Cedar Lake Regional Trail, with access to 175+ miles of biking trails.