Mayo Clinic Square

Downtown - North Loop - Mill District - Elliot Park - Loring Park
twincitizen
Moderator
Posts: 6203
Joined: May 31st, 2012, 7:27 pm
Location: Standish-Ericsson

Re: Mayo Clinic Square

Postby twincitizen » August 1st, 2016, 1:34 pm

BizJournals reporting that Alatus is testing the market by putting this property up for sale. They either need to sell it or secure long term financing to pay off their construction loans. As a reminder, Alatus bought the property about 5 years ago for just $12MM, then put about $40MM into the recent renovations.

Silophant
Moderator
Posts: 3824
Joined: June 20th, 2012, 4:33 pm
Location: The Gateway

Re: Mayo Clinic Square

Postby Silophant » February 19th, 2017, 2:51 pm

Strib article on the new Jack Link's HQ. It now says they'll be taking 77,000 sq ft of space, which is a little more than last year's BizJournals article quoted. It also confirms that they'll be consolidating from the Butler Square office, and that they'll be moving in by the end of summer.

matthew5080
Union Depot
Posts: 396
Joined: January 23rd, 2016, 6:06 pm
Location: Eden Prairie

Re: Mayo Clinic Square

Postby matthew5080 » April 7th, 2017, 10:35 am

16,000 square foot expansion announced by Mayo.

http://www.postbulletin.com/news/local/ ... 09964.html

Silophant
Moderator
Posts: 3824
Joined: June 20th, 2012, 4:33 pm
Location: The Gateway

Re: Mayo Clinic Square

Postby Silophant » April 7th, 2017, 10:50 am

One of the articles about the sale a couple weeks ago mentioned that the building was up to 96% leased, but didn't mention a new tenant. Guess that will do it.

acs
Wells Fargo Center
Posts: 1378
Joined: March 26th, 2014, 8:41 pm

Re: Mayo Clinic Square

Postby acs » April 7th, 2017, 10:56 am

I'm confused how it could be 96% leased. Aren't there several street level spaces still vacant, like the NE corner, that still aren't spoken for?

grant1simons2
IDS Center
Posts: 4290
Joined: February 8th, 2014, 11:33 pm
Location: Marcy-Holmes

Re: Mayo Clinic Square

Postby grant1simons2 » April 7th, 2017, 10:59 am

How do we know they're not spoken for?

Silophant
Moderator
Posts: 3824
Joined: June 20th, 2012, 4:33 pm
Location: The Gateway

Re: Mayo Clinic Square

Postby Silophant » April 7th, 2017, 11:09 am

The NE corner will be the Jack Links Jerky Experience, as I understand it. 4% of the building would be about 16% of one floor, which (my guess only) would be the first level of the old Hard Rock space across the street from First Ave.

mattaudio
Stone Arch Bridge
Posts: 7936
Joined: June 19th, 2012, 2:04 pm
Location: NORI: NOrth of RIchfield

Re: Mayo Clinic Square

Postby mattaudio » April 7th, 2017, 11:59 am

Leased doesn't necessarily mean active. Keep in mind the Woolworth building in St. Paul was apparently "100% leased" until just recently despite being vacant for decades. Not sure how that works...

acs
Wells Fargo Center
Posts: 1378
Joined: March 26th, 2014, 8:41 pm

Re: Mayo Clinic Square

Postby acs » April 7th, 2017, 12:00 pm

Silophant wrote:
April 7th, 2017, 11:09 am
The NE corner will be the Jack Links Jerky Experience, as I understand it. 4% of the building would be about 16% of one floor, which (my guess only) would be the first level of the old Hard Rock space across the street from First Ave.
Ah, I thought those two were flipped and Jack Links was going in the corner across from First Ave. My bad.

Didier
Capella Tower
Posts: 2431
Joined: June 3rd, 2012, 10:11 am
Location: MSP

Re: Mayo Clinic Square

Postby Didier » April 7th, 2017, 12:02 pm

Nothing has been announced for the old Hard Rock space, has it?

at40man
Rice Park
Posts: 427
Joined: January 3rd, 2013, 6:49 pm
Location: The Saintly City

Re: Mayo Clinic Square

Postby at40man » April 10th, 2017, 9:29 am

mattaudio wrote:
April 7th, 2017, 11:59 am
Leased doesn't necessarily mean active. Keep in mind the Woolworth building in St. Paul was apparently "100% leased" until just recently despite being vacant for decades. Not sure how that works...
I'm having trouble finding out whom it was held by, but I've read a few places it had a long-term lease, hence the "100% leased" even if it wasn't "100% utilized".

BigIdeasGuy
Landmark Center
Posts: 289
Joined: March 27th, 2013, 8:22 am

Re: Mayo Clinic Square

Postby BigIdeasGuy » April 21st, 2017, 10:19 pm

I'm just spit balling here but how cool would it be to have a museum dedicated to pop culture in Minneapolis/Minnesota and how it intertwines with American pop culture across from First Ave. Obviously a decent part would be Prince and Bob Dylan related but you could also cover the history of Minneapolis sports teams going back to the Lakers and Millers, the local theater community, visual arts, The Replacements et al, etc. hell you could even have a Peanuts exhibit.

Didier
Capella Tower
Posts: 2431
Joined: June 3rd, 2012, 10:11 am
Location: MSP

Re: Mayo Clinic Square

Postby Didier » April 22nd, 2017, 1:08 am

Perhaps even a Vince Vaughan wing?

BigIdeasGuy
Landmark Center
Posts: 289
Joined: March 27th, 2013, 8:22 am

Re: Mayo Clinic Square

Postby BigIdeasGuy » April 22nd, 2017, 8:12 am

Why not? His wing can be right next to Chris Pratt wing and across from the Jessica Biel and Winona Ryder wings.

I can't believe I missed this last night but a decent amount of space would need to be dedicated to The Mary Tyler Moore Show.

mamundsen
Wells Fargo Center
Posts: 1109
Joined: November 15th, 2012, 10:01 am

Re: Mayo Clinic Square

Postby mamundsen » June 5th, 2017, 12:40 pm

There is a new sign above Kieran's patio for Jack Links. It also looks like there is a new 2nd floor balcony above the old Hard Rock space. Maybe we'll see Jack Links details soon.

amiller92
Wells Fargo Center
Posts: 1759
Joined: October 31st, 2014, 12:50 pm

Re: Mayo Clinic Square

Postby amiller92 » July 11th, 2017, 11:22 am

I recall there being some confusion about where Jack Links is going, but there's a new wrap on the skyway level next to HDR that puts them there.

Didier
Capella Tower
Posts: 2431
Joined: June 3rd, 2012, 10:11 am
Location: MSP

Re: Mayo Clinic Square

Postby Didier » July 11th, 2017, 4:27 pm

For some reason I thought they were street level.

Silophant
Moderator
Posts: 3824
Joined: June 20th, 2012, 4:33 pm
Location: The Gateway

Re: Mayo Clinic Square

Postby Silophant » July 11th, 2017, 5:16 pm

As I understand it, it'll be both. Offices on the skyway level, demonstration kitchen and Protein Snack Experience™ on the street level.

moose
Block E
Posts: 15
Joined: February 5th, 2017, 12:15 pm

Re: Mayo Clinic Square

Postby moose » July 23rd, 2017, 8:15 pm

BigIdeasGuy wrote:
April 21st, 2017, 10:19 pm
I'm just spit balling here but how cool would it be to have a museum dedicated to pop culture in Minneapolis/Minnesota and how it intertwines with American pop culture across from First Ave. Obviously a decent part would be Prince and Bob Dylan related but you could also cover the history of Minneapolis sports teams going back to the Lakers and Millers, the local theater community, visual arts, The Replacements et al, etc. hell you could even have a Peanuts exhibit.
good idea! stuff like that enriches a city's culture.
btw are there any wax museums in TC? I'm not a fan of them but I'm curious now. this might fit better in another topic but ...

moose
Block E
Posts: 15
Joined: February 5th, 2017, 12:15 pm

Re: Mayo Clinic Square

Postby moose » July 23rd, 2017, 8:17 pm

this news is very surprising to me. its good to know that mayo is doing amazing, and that they were welcomed to Minneapolis with such a bang. let the expansion begin!


Return to “Minneapolis - Downtown”

Who is online

Users browsing this forum: BoredAgain and 5 guests