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The first building for the Minneapolis Federal Reserve bank is located at 510 Marquette Avenue, at the corner of Marquette Avenue and 5th Street South in Minneapolis, right next to the [[Nicollet Mall (Metro Transit station)|Nicollet Mall station]] of the [[METRO (Minnesota)|METRO]] [[Blue Line (Minnesota)|Blue]] and [[Green Line (Minnesota)|Green]] [[light rail]] lines, and across from the [[Soo Line Building]]. It was designed by [[Cass Gilbert]], architect of the [[Minnesota State Capitol]] building. It was completed in 1915. The building was unusual in that there were no windows on the lower walls close to the street—from the start, large bricks filled in the spaces where windows would be expected. Only up at the top was anyone able to look out from the building. The structure only became more strange in the 1950s, when a small skyscraper eight stories tall was added on top. The modern superstructure clashed with the [[granite]] Roman columns on the building's façade.
The first building for the Minneapolis Federal Reserve bank is located at 510 Marquette Avenue, at the corner of Marquette Avenue and 5th Street South in Minneapolis, right next to the [[Nicollet Mall (Metro Transit station)|Nicollet Mall station]] of the [[METRO (Minnesota)|METRO]] [[Blue Line (Minnesota)|Blue]] and [[Green Line (Minnesota)|Green]] [[light rail]] lines, and across from the [[Soo Line Building]]. It was designed by [[Cass Gilbert]], architect of the [[Minnesota State Capitol]] building. It was completed in 1915. The building was unusual in that there were no windows on the lower walls close to the street—from the start, large bricks filled in the spaces where windows would be expected. Only up at the top was anyone able to look out from the building. The structure only became more strange in the 1950s, when a small skyscraper eight stories tall was added on top. The modern superstructure clashed with the [[granite]] Roman columns on the building's façade.


After the Fed moved to its second building in 1973, the new owner, a partnership of New York developers, Peter V. Tishman and Jay Marc Schwamm, had the lower portion covered with something that was a better match to the skyscraper "hat" on top. The {{convert|3|ft|m|adj=mid|-thick}}, windowless, lower floors were stripped of the granite and replaced with a "bird cage" [[limestone]] facade (designed by Minneapolis architect Robert Cerny) and a totally artificially sustained natural {{convert|3000|sqft|m2|adj=on}} garden of [[ficus]] trees and pools of water (designed by [[San Francisco, California|San Francisco]] [[landscape architect]]<nowiki/>ural firm of [[Lawrence Halprin]]). At the time it was the largest totally artificially sustained garden within an office building in the United States; it had been modeled after the [[Ford Foundation]] Building in [[New York City]], which has a larger garden, but also one that relies to some extent on outside natural light. There was also the need to remove the interior, independently supported five-story vault so that the building could be connected to the adjacent [[Farmers and Mechanics Savings Bank (1942)|F&M Bank Building]], and also become part of the second floor, [[Minneapolis Skyway System]]. After a three-year development the National City Bank of Minneapolis (now part of [[M&I Bank]]) moved into the building as its principal tenant. After the renovation, the building received the Minneapolis Committee on the Urban Environment award for contributed the most to Minneapolis's urban environment.
After the Fed moved to its second building in 1973, the new owner, a partnership of New York developers, Peter V. Tishman and Jay Marc Schwamm, had the lower portion covered with something that was a better match to the skyscraper "hat" on top. The {{convert|3|ft|m|adj=mid|-thick}}, windowless, lower floors were stripped of the granite and replaced with a "bird cage" [[limestone]] facade (designed by Minneapolis architect Robert Cerny) and a totally artificially sustained natural {{convert|3000|sqft|m2|adj=on}} garden of [[ficus]] trees and pools of water (designed by [[San Francisco, California|San Francisco]] [[landscape architect]]<nowiki/>ural firm of [[Lawrence Halprin]]). At the time it was the largest totally artificially sustained garden within an office building in the United States; it had been modeled after the [[Ford Foundation]] Building in New York City, which has a larger garden, but also one that relies to some extent on outside natural light. There was also the need to remove the interior, independently supported five-story vault so that the building could be connected to the adjacent [[Farmers and Mechanics Savings Bank (1942)|F&M Bank Building]], and also become part of the second floor, [[Minneapolis Skyway System]]. After a three-year development the National City Bank of Minneapolis (now part of [[M&I Bank]]) moved into the building as its principal tenant. After the renovation, the building received the Minneapolis Committee on the Urban Environment award for contributed the most to Minneapolis's urban environment.


In 2013, the 510 Marquette building was sold for $6.69 million. At the time it was reported to have 198,552 square feet. It was purchased by Marquette Partners LLC, an affiliate of Minneapolis-based Swervo Development. The seller was OP2 Marquette, an affiliate of Opportunity Advisors of [[Eden Prairie, Minnesota]].<ref>Alexander, Steve - [http://www.startribune.com/510-marquette-building-sold-for-6-69-million/201088901/ 510 Marquette building sold for $6.69 million]. Star Tribune, April 2, 2013  "Sold twice in the space of a year, the building's price is on an upward trend."</ref> Opportunity Advisors had purchased the building in May 2012 for somewhere around $5-$6 million, about one-fourth of its 1998 selling price.<ref>Black, Sam - [http://www.bizjournals.com/twincities/print-edition/2012/05/04/investors-close-to-buying-510-marquette.html 510 Marquette sale is close]. Minneapolis / St. Paul Business Journal, May 4, 2012</ref>
In 2013, the 510 Marquette building was sold for $6.69 million. At the time it was reported to have 198,552 square feet. It was purchased by Marquette Partners LLC, an affiliate of Minneapolis-based Swervo Development. The seller was OP2 Marquette, an affiliate of Opportunity Advisors of [[Eden Prairie, Minnesota]].<ref>Alexander, Steve - [http://www.startribune.com/510-marquette-building-sold-for-6-69-million/201088901/ 510 Marquette building sold for $6.69 million]. Star Tribune, April 2, 2013  "Sold twice in the space of a year, the building's price is on an upward trend."</ref> Opportunity Advisors had purchased the building in May 2012 for somewhere around $5-$6 million, about one-fourth of its 1998 selling price.<ref>Black, Sam - [http://www.bizjournals.com/twincities/print-edition/2012/05/04/investors-close-to-buying-510-marquette.html 510 Marquette sale is close]. Minneapolis / St. Paul Business Journal, May 4, 2012</ref>
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