Midwest City Scoop: Construction Starts in Minneapolis
Total construction spending in Minneapolis area expected to decline by 6% this year
Weakness in the non-residential and non-building sectors will more than offset a rise in residential work.
City Grill
Michael Ryan
North Region President
Ryan Cos.
“Our backlog is pretty strong for next year, so, timeline wise, everyone is saying we should be near the end of the [growth] cycle, but people are still asking for our services, so we are cautiously optimistic.,” Ryan says.
“The number one market, by a significant clip, is the multifamily residential market. Number two is that there is a very intense industrial building environment going on, so lots of projects in that world. Office is a little cooler. There’s the occasional big consolidation or corporate project that gets done [such as] an expansion to a headquarters.”
Firm in Focus
Ryan Cos.
533 South Third Street, Suite 100, Minneapolis
CEO: Brian Murray
Employees: 1,250
Founded: 1938
What’s New: Ryan Cos. has developed 10 West End, an 11-story office building that’s part of a larger side office and residential development. The 315,000-sq-ft project is valued at $100 million.
