Minneapolis Issued Redevelopment Call for Peoples' Way

The city is seeking new development proposals for the site located at 3744 Chicago Ave. on George Floyd Square.

Updated on Sept. 23, 2026 in Remote Work

Isometric editorial illustration of a vacant plot of land featuring a construction surveyor tripod and a stack of red bricks. — Minneapolis officials have issued a request for development proposals for the former Peoples' Way property located at 3744 Chicago Avenue. AI Illustration. Upload story photo >

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The city of Minneapolis has issued a request for qualifications to redevelop the Peoples' Way property. This initiative follows the city's 2023 purchase of the site, which formerly housed a Speedway gas station.

Why it matters

Officials aim to finalize a developer for the location to resolve long-standing uncertainty regarding its future use. This process is intended to avoid the protracted negotiations that derailed previous development efforts.

The property sits at 3744 Chicago Ave. on George Floyd Square. A prior developer bid for the location featured a 6-story building before it was rejected by the city council.

The players

Minneapolis City Council

This body serves as the legislative branch of the city government and oversees land use and urban development decisions.

The details

The city will evaluate both for-profit and nonprofit firms based on their development experience and alignment with community perspectives. This process comes after the city council previously rejected a separate recommendation for the property.

George Floyd was murdered at the site location in 2020.
The city purchased the property in 2023.
First-phase roadway construction concludes on October 9, 2026.
Submissions for the request for qualifications are due on October 19, 2026.
The city aims to select a developer by the end of 2026.

Market Landscape

The redevelopment follows the 2020 murder of George Floyd at the site location, which transformed the property into a significant cultural landmark. This initiative marks a new phase in the city's effort to reconcile future infrastructure needs with the legacy of the square.

The selection of a developer will determine the future function of the site, which may influence local access and the character of the square. Residents should anticipate construction activity as the city progresses toward a 2027 start for operations.

The takeaway

The city is prioritizing alignment between developers and community perspectives to ensure the site's future is settled promptly. Prospective firms must meet specific experience standards before the city selects an operator for the 2027 launch.