Although the deal likely won’t be finalized until 2014, the 100,000-square-foot building on Nicollet Mall is officially off the market, and the energy company hopes the new location will benefit its branding efforts.
Real Estate
Minneapolis is considering adding a November ballot measure about whether to form a city-owned utility; meanwhile, the Minneapolis Chamber of Commerce and Xcel Energy, which would lose a contract if the city created a utility, have criticized the process.
TSI plans to add about 50 percent more jobs to its corporate headquarters over the next four to five years to occupy its 58,000-square-foot expansion.
There was little discussion about plans for two office towers, a parking ramp, a public park, and residential and retail space.
Valley Cartage relocated its headquarters from Hudson, Wisconsin to Lake Elmo after the state offered it a $500,000 forgivable loan and the opportunity to apply for $400,000 in tax credits.
HighJump Software, a global provider of supply-chain software, acquired Denmark-based Evenex, marking its fourth acquisition since 2008.
Plans call for the proposed Ardent Mills company to be headquartered in Denver, although there are also plans for satellite offices in Minneapolis and Omaha.
Communications firm WCG is opening a Minneapolis office in the hopes of expanding its Midwest client base.
Planners are considering eight options for either moving existing freight traffic to St. Louis Park or keeping it in the Minneapolis Kenilworth corridor, in order to make room for a new light-rail line.
One of Mankato’s oldest businesses closed down after the recent recession hurt the local limestone market.
A Minneapolis city committee approved the concept behind a massive development project; meanwhile, Wells Fargo publicly confirmed its interest in occupying planned office towers.
Ryan Companies won the bid to develop parking structures near the planned Minnesota Vikings stadium; the company had cited the parking project as a key component of its larger redevelopment plan.
Kaskaid Hospitality, Crave’s parent company, is buying the former Trocaderos nightclub and also plans to lease the Old Chicago space in Uptown Minneapolis.
According to the Metropolitan Council, $2.5 million in cleanup grants will help add 1,700 jobs and 168 affordable homes.
In addition to workspaces, the new location will feature a “tap room” with craft beer, a movie theater for presentations and pitches, a billiard room that doubles as a meeting space, and a walkout patio.
IT services providers Joseph Michael Hanson and Timothy John Lambrecht were charged with conspiracy to commit mail and wire fraud; an attorney for one of the men said, “There is no fraud here.”
Surly Brewing and HGA Architects unveiled the new images as Surly celebrated its seventh anniversary.
Some say a planned hotel could plug the city’s revenue shortfalls; others say it could destroy the face of a city that prides itself on its historic character.