Construction is underway on Ryan Companies Downtown East Redevelopment Project. The first phase of the project includes about 1.1 million square feet of office space in the two Wells Fargo towers, 193 market-rate apartments in three buildings and several thousand square feet of commercial space. Additional components of Ryan Companies Downtown East Redevelopment Project include a 1,610-space parking ramp that is owned by the Minnesota Sports Facilities Authority on the block at the northeast corner of Park Avenue and South Fourth Street. Phase two includes a 27-story tower with about 200 apartments and a 150-room Radisson Red hotel. For more information and updates on the project, please go visit the Downtown East Redevelopment Project web site.