Multitenant Distribution Warehouse United States Outlook – Summer 2016
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Entries by Tina Stadtherr
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United Properties to Go “Spec” on Maple Grove Industrial Building
United Properties has closed on a site in Maple Grove where it is planning to build a large industrial building ‘on spec’ — meaning it’ll move ahead even without signed lease deals. The Bloomington-based developer will begin construction Sept. 15 on what it calls the Red Rock Industrial Building, with 32-foot ceiling and 320,000 square feet […]
Elion/Kraus-Anderson Breaks Ground on $100 Million Mixed Use Woodbury Development
A joint venture between Elion Partners andKraus-Anderson Cos. closed Thursday on a purchase of a 100-acre site in Woodbury from State Farm Insurance. Florida-based Elion and Minneapolis-based Kraus-Anderson didn’t disclose the value of the land deal. The firms have spent 18 months pursuing a massive $100 million redevelopment of the site into a mixed-use office, hotel and retail […]
Apartment, Retail and Market Planned for St. Paul’s Sibley Plaza
St. Paul’s Sibley Plaza shopping center will be torn down after nearly 60 years to make way for a Fresh Thyme Farmers Markets grocery store, a fitness center and 120 apartments, according to plans released by the property owner. Sibley Plaza owner Paster Enterprises is partnering with Bader Development on the $50 million mixed-use project at the West Seventh […]
Duke, DLC Residential Revise Plans For West End
A Cushman & Wakefield/Northmarq Transaction Duke Realty has picked Dolce Living to develop two new, six-story buildings with a total of 400 apartments at the West End mixed-use development in St. Louis Park. I reported earlier this month that Duke was pursuing partners to help it develop part of the site at the intersection of Highway 100 and […]
Anytime Fitness Moving Headquarters to Woodbury
Anytime Fitness released images of its new corporate campus as it gets ready to break ground on the Woodbury headquarters building. The 80,000-square-foot building will house 250 employees who are now working in the fitness club chain’s current headquarters in Hastings. The new digs include a fitness club, outdoor gathering areas that will also be used […]
Woodbury, Lakeville, Blaine and Maple Grove Continue to Lead Residential Sector
The Builders Association of the Twin Citiesreported “lackluster performance in both single family and multi-family construction” during August. The BATC reported that builders took out 413 home building permits in August, down 16 percent from the 494 permits in August 2013, according to a press release.
Opus and Mortenson Pitch Plans for St. Paul Site
The city of St. Paul received development proposals for a city-owned plot near theXcel Energy Center from Minnetonka-basedOpus Group and Golden Valley-basedMortenson Development.