MINNEAPOLIS-Construction began this week on the Hiawatha Light Rail Transit Line, the 11.5-mile light rail that will run from Downtown Minneapolis to the airport and the Mall of America. With construction underway, the focus shifts to promoting new development along the line–long a top priority for the agencies promoting it.

The rail line could spur development of 7,150 new housing units, more than 19 million sf of commercial development and over 67,000 new jobs along the light rail corridor by 2020, according to a market study commissioned by several government agencies, including the Minneapolis Community Development Agency and the Metropolitan Council.

One development already underway is a 550-room hotel, an office complex and 150 luxury condo units near the Nicollet Mall station. Opus Northwest, which owns several blocks near the station, is close to finalizing financing for the project. Also, the city of Minneapolis is close to finishing a deal near the around the Downtown East station, near the Metrodome, for a public-financed, 450-stall parking ramp that would spur a retail-office complex.

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