Downtown Minneapolis Retail News

Downtown - North Loop - Mill District - Elliot Park - Loring Park
mnmike
Wells Fargo Center
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Re: Downtown Retail News

Postby mnmike » July 17th, 2014, 8:56 am

Salmon colored? City center is brown/tan...not pink. Salmon would be even worse! But yeah, I hope this doesn't just sit empty like the other corner... It's kind of funny...as we see more residents downtown we seem to see less retail in the core. Hopefully that lag will catch up soon! Stores like office depot are definitely a dying breed though, so them closing isn't surprising. All of the empty retail space on Nicollet north of 7th is pretty sad looking.

John
Capella Tower
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Joined: May 31st, 2012, 2:06 pm

Re: Downtown Retail News

Postby John » July 17th, 2014, 9:28 am

The closing of Office Depot is actually a good thing and it may be strategic. It gives Shorenstein a large chunk of space to more easily reconfigure for a future tenant. I think the renovation of the Nicollet Mall side is a given. It's just a question of when. I also think it's possible (if not likely) they may already have some potential tenants they are courting.

mnmike
Wells Fargo Center
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Joined: June 2nd, 2012, 11:01 am

Re: Downtown Retail News

Postby mnmike » July 17th, 2014, 9:32 am

I'd like to think you are right...but remember, the "large chunk of space" on the other very visible corner of the block has been vacant for many many years, and obvioulsy since they have owned it. They have done exactly zero with that. I'm hoping they are more agressive than the other landlords the building has had and actualy do something! We shall see.

5th Ave Guy
Landmark Center
Posts: 212
Joined: October 2nd, 2012, 3:11 pm
Location: North Loop

Re: Downtown Retail News

Postby 5th Ave Guy » July 17th, 2014, 12:33 pm

I was able to see in the space on the other corner of the building last week and I was shocked by just how big it is. I'm guessing the size of it, along with no direct skyway access, makes it pretty hard to fill the space with one tenant.

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Nick
Capella Tower
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Joined: May 30th, 2012, 9:33 pm
Location: Downtown, Minneapolis

Re: Downtown Retail News

Postby Nick » July 17th, 2014, 3:45 pm

It's possible that adding more retail space isn't the best way to fill existing, empty retail space.
Nick Magrino
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mattaudio
Stone Arch Bridge
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Joined: June 19th, 2012, 2:04 pm
Location: NORI: NOrth of RIchfield

Re: Downtown Retail News

Postby mattaudio » July 17th, 2014, 3:48 pm

We need to get past the idea of space as retail vs. non-retail. Ultimately, does it really matter? Heck, it could be a small office with low value add to the sidewalk if that's the current sub-market. But over time if it becomes valuable, it can become something that serves the sidewalk more.

mullen
Foshay Tower
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Joined: June 4th, 2012, 7:02 am

Re: Downtown Retail News

Postby mullen » July 21st, 2014, 1:16 pm

and we're getting that big wahlgreens across the street. i'm curious and hopeful for that.

John
Capella Tower
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Joined: May 31st, 2012, 2:06 pm

Re: Downtown Retail News

Postby John » July 21st, 2014, 4:45 pm

Article about Office Depot closing in City Center: http://www.bizjournals.com/twincities/n ... osing.html. Shorenstein already has interested tenants in the space. Looks like they are gearing the retail to a different demographic than just office workers which I assume means they want to tap into the booming downtown residential population. I'm also hoping this means their plan to upgrade the exterior will coincide with the opening of the new retail stores.

uptown067
Metrodome
Posts: 83
Joined: June 9th, 2012, 9:37 am

Re: Downtown Retail News

Postby uptown067 » July 21st, 2014, 7:44 pm

I'm still hopeful that saks might end up in this space. They did mention a few months ago that they were actively scouting other locations downtown.

PhilmerPhil
Moderator
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Location: SOUP: SOuth UPtown

Re: Downtown Retail News

Postby PhilmerPhil » July 24th, 2014, 11:59 am

So just now Nick and I were standing on 4th St and 2nd Ave and a sweet old couple from Chicago asked us where they could find any businesses. They were walking around for a while trying to find a convenience store, so we sent them up to the skyways!

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FISHMANPET
IDS Center
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Joined: June 6th, 2012, 2:19 pm
Location: Corcoran

Re: Downtown Retail News

Postby FISHMANPET » July 24th, 2014, 12:21 pm

There's a small convenience store in the main floor of the IDS center (they sell my brand of poison).

grant1simons2
IDS Center
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Joined: February 8th, 2014, 11:33 pm
Location: Marcy-Holmes

Re: Downtown Retail News

Postby grant1simons2 » July 24th, 2014, 4:26 pm

I've been e-mailing Tesla multiple times for them to get a gallery in downtown. The current dealer in Eden Prairie is hard to find and basically unknown to everyone.

grant1simons2
IDS Center
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Joined: February 8th, 2014, 11:33 pm
Location: Marcy-Holmes

Re: Downtown Retail News

Postby grant1simons2 » September 30th, 2014, 1:23 pm

Minq boutique moving into IDS

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TommyT
Target Field
Posts: 511
Joined: August 13th, 2013, 9:21 am

Re: Downtown Retail News

Postby TommyT » September 30th, 2014, 1:28 pm

Minq boutique moving into IDS
Cute clothes but VERY expensive. A friend of mine manages their social media.

Aville_37
Union Depot
Posts: 366
Joined: August 28th, 2012, 4:51 am

Re: Downtown Retail News

Postby Aville_37 » October 4th, 2014, 10:15 pm

Any new retail downtown is good news.

Also - walking around the warehouse district, noticed Shoesters is moving in next to C'est Chic in Whitney Square.

mullen
Foshay Tower
Posts: 961
Joined: June 4th, 2012, 7:02 am

Re: Downtown Retail News

Postby mullen » October 6th, 2014, 6:20 am

menswear store and restaurant expanding. this was a great rehab of that old building.
http://www.startribune.com/business/278075561.html

grant1simons2
IDS Center
Posts: 4371
Joined: February 8th, 2014, 11:33 pm
Location: Marcy-Holmes

Re: Downtown Retail News

Postby grant1simons2 » October 6th, 2014, 6:39 am

I came on to post this, I'm so excited to see them expand, it's a wonderful store.

Didier
Capella Tower
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Joined: June 3rd, 2012, 10:11 am
Location: MSP

Re: Downtown Retail News

Postby Didier » October 7th, 2014, 11:13 am

http://www.journalmpls.com/news-feed/ne ... h-hennepin
If approved by the city, Nitelife would feature a mix of entertainment, including comedy, live music, poetry, burlesque, improv skits, mimes, magicians, aerialists, exotic topless dancers and circus acts, according to its license application.

mullen
Foshay Tower
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Joined: June 4th, 2012, 7:02 am

Re: Downtown Retail News

Postby mullen » October 7th, 2014, 11:34 am

7th and hennepin. they'll get the nba players after the games.

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TommyT
Target Field
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Joined: August 13th, 2013, 9:21 am

Re: Downtown Retail News

Postby TommyT » October 7th, 2014, 11:38 am

I can't open the link for some reason. This must be the old Chevy's spot? Funny that we were just discussing how crazy it is that it's sat empty this whole time.


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