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Retail property management firm DDR, which co-owns Riverdale Village in Coon Rapids and 43 other U.S. shopping centers, said Wednesday it will buy out its joint venture partner in a $1.46 billion deal through which it will acquire 30 of the 44 centers.
The proposal calls for the development of two 20-story office towers, a skyway-connected parking ramp, apartments, and a green space for “rail-gating”—but it is contingent upon several factors.
A building with 165 luxury apartment units is being built near The Shops at West End in Golden Valley.
A recent feasibility study shows that a new convention hotel in Minneapolis would cost about $300 million, and 41 percent of that cost would need to come from public subsidies.
Software developer Calabrio moved its headquarters from Plymouth to a 30,000-square-foot office in downtown Minneapolis.
The first three Target stores in Canada were met with mixed reviews as some Canadian customers believed prices were too high.
The buyer, a San Francisco-based investment firm, signed a long-term contract with Minnetonka-based Carlson Rezidor Hotel Group, which owns the Radisson Blu Brand, to manage the hotel; renovations will begin later this year.
St. Paul-based McGough Construction, whose former projects include Twin Cities landmarks such as the Guthrie Theater and the Ordway Center, has been selected to build Surly’s so-called “destination brewery.”
Just months after being taken private, Caribou Coffee is closing 80 locations in several markets; its new owner, meanwhile, will convert another 88 locations into Peet’s Coffee & Tea stores.
The 30,000-square-foot facility is “focused specifically on fulfilling the needs of firearms enthusiasts,” and it will feature thousands of new and used guns.
Target Field Legends Club - Carew Atrium
June 06, 2013
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