Re: Longfellow Station
Posted: November 10th, 2012, 8:10 pm
It's hard to get a good shot of this...
Architecture, Development, and Infrastructure of the Twin Cities
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Seems odd for several reasons, and I'll be holding my breath. First, while it is a great location with very high-visibility (both from LRT and 55), it's not exactly a typical Trader Joe's market. I'm sure Sherman would love to only have one permanent tenant here rather than trying to lure a bunch of different ones and deal with restaurant leases turning over.Over the weekend I was told by a upper Management City staff person that Trader Joes is close to signing a lease for part of the retail portion of this development.
I am a little skeptical also but the person who told me this info is someone I know very well and I trust to have the correct info, it's their job within the city of Mpls to know.Seems odd for several reasons, and I'll be holding my breath. First, while it is a great location with very high-visibility (both from LRT and 55), it's not exactly a typical Trader Joe's market. I'm sure Sherman would love to only have one permanent tenant here rather than trying to lure a bunch of different ones and deal with restaurant leases turning over.Over the weekend I was told by a upper Management City staff person that Trader Joes is close to signing a lease for part of the retail portion of this development.
Mostly though, I question the size of the space: it's only 10,000 sq. ft. total according to Sherman's website. From a quick Google search, most new TJ's are closer to 14k, not including the liquor portion. The proposed/cancelled Lyndale location was around 14k, not including the wine shop. The one going up in Shoreview is ~14k.
Trader Joe's would be a huge "get" for this development, for this neighborhood, for LRT riders, etc. However, I will remain skeptical until I hear something official.
General tip regarding tips: Tips are great but even if your tip is questioned, you may wanna not elaborate too much for the tipper's sake.I am a little skeptical also but the person who told me this info is someone I know very well and I trust to have the correct info, it's their job within the city of Mpls to know.Seems odd for several reasons, and I'll be holding my breath. First, while it is a great location with very high-visibility (both from LRT and 55), it's not exactly a typical Trader Joe's market. I'm sure Sherman would love to only have one permanent tenant here rather than trying to lure a bunch of different ones and deal with restaurant leases turning over.Over the weekend I was told by a upper Management City staff person that Trader Joes is close to signing a lease for part of the retail portion of this development.
Mostly though, I question the size of the space: it's only 10,000 sq. ft. total according to Sherman's website. From a quick Google search, most new TJ's are closer to 14k, not including the liquor portion. The proposed/cancelled Lyndale location was around 14k, not including the wine shop. The one going up in Shoreview is ~14k.
Trader Joe's would be a huge "get" for this development, for this neighborhood, for LRT riders, etc. However, I will remain skeptical until I hear something official.
Question in regards to the space. Say a development like this is going in, everything is all approved and construction has started, could they/would they be able to make additional retail space if a tenant like this came up? Would they have to get additional approval from the city, would it be worth it?Seems odd for several reasons, and I'll be holding my breath. First, while it is a great location with very high-visibility (both from LRT and 55), it's not exactly a typical Trader Joe's market. I'm sure Sherman would love to only have one permanent tenant here rather than trying to lure a bunch of different ones and deal with restaurant leases turning over.Over the weekend I was told by a upper Management City staff person that Trader Joes is close to signing a lease for part of the retail portion of this development.
Mostly though, I question the size of the space: it's only 10,000 sq. ft. total according to Sherman's website. From a quick Google search, most new TJ's are closer to 14k, not including the liquor portion. The proposed/cancelled Lyndale location was around 14k, not including the wine shop. The one going up in Shoreview is ~14k.
Trader Joe's would be a huge "get" for this development, for this neighborhood, for LRT riders, etc. However, I will remain skeptical until I hear something official.
I was wondering this tooQuestion in regards to the space. Say a development like this is going in, everything is all approved and construction has started, could they/would they be able to make additional retail space if a tenant like this came up? Would they have to get additional approval from the city, would it be worth it?