Wells Fargo Taps PPL for Lake/Nicollet Redevelopment

Plans call for more than 200 units of housing.
The branch has been closed after it sustained significant damage during unrest in May 2020.
Burl Gilyard
San Francisco-based Wells Fargo & Co. and Minneapolis-based nonprofit Project in Pride for Living (PPL) have inked a letter of intent to redevelop the heavily damaged bank site near the intersection of Lake Street and Nicollet Avenue in south Minneapolis.
The Wells Fargo bank branch at 3030 Nicollet Avenue sustained heavy damage and was set on fire during the social unrest in May 2020. The bank never reopened. Wells Fargo owns the entire south half of the full city block, a large 2.6-acre site. Wells Fargo issued a request for proposals to developers last fall.

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