Amazon is Rumored Tenant for New Woodbury Warehouse
Minneapolis-based Ryan Companies US Inc. has secured approval from the city of Woodbury for a large new industrial project close to Interstate 94. City documents outline the project as a 517,250-square-foot building which will include about 18,750 square feet of office space and 498,500 square feet of warehouse space “as well as additional mezzanine mechanical space.”
The project went before the Woodbury Planning Commission on August 2 and was approved by the Woodbury City Council on August 11. The proposal is referred to as “Project Belle” on city documents.
Officially, the city does not know who will occupy the building.
“We do not know the tenant name at this point. Ryan Companies is working with the tenant, and as they told us at the meeting, they have a nondisclosure agreement with them … the tenant name has not been discussed with us,” Janelle Schmitz, Woodbury’s community development director, told Twin Cities Business on Friday.
But unofficially the word is that it will be another local facility for a giant e-commerce company.
“Everyone seems to think it’s Amazon,” said one industrial property broker of the buzz in commercial real estate circles.
There has been talk for several years that Amazon was seeking a facility in the east metro. The company’s local operations are predominantly in the western metro area.
Amazon opened its first local warehouse, an 855,000-square-foot fulfillment center in Shakopee, in 2016. In 2018, it overhauled a 383,000-square-foot existing building in Brooklyn Park as a sorting center. The company is also adding a 750,000-square foot fulfillment center in Lakeville.
On Friday, representatives of Ryan Companies declined to comment.
At the August 2 Planning Commission meeting, Dan Mueller, a vice president of real estate development for Ryan Companies, characterized the project as a distribution facility for a “large organization [with] multiple facilities around the country.”
The large site, at the southwest corner of Hudson Road and Manning Avenue, is currently vacant land.