Downtown Minneapolis Retail News

Downtown - North Loop - Mill District - Elliot Park - Loring Park
bubzki2
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Re: Downtown Minneapolis Retail News

Postby bubzki2 » January 27th, 2015, 10:14 am


twincitizen
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Re: Downtown Minneapolis Retail News

Postby twincitizen » January 27th, 2015, 10:15 am

Journal: http://www.journalmpls.com/news-feed/sa ... nter-space

It's going in the old Office Depot space, ground level and skyway level. You have to figure they're going to open up that effing corner entrance at Nicollet & 6th, right?

Here's a floor plan for the first level of City Center: http://shorenstein.com/wp-content/files ... 271427.pdf

40,000 sf sounds about right, seeing as how the street level has about 24,000 sf.

On the skyway level, however, it looks like they will displace a couple restaurants: http://shorenstein.com/wp-content/files ... 012714.pdf

I wonder how that works out...between Baja Sol, Au Bon Pain, and LeeAnn Chin, not all will be able to find spots in City Center. Perhaps some will relocate across the street to skyway level spaces in Gaviidae I & II (RBC Plaza). I doubt they're interested in moving down to the wasteland that is the ground level of City Center.

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Re: Downtown Minneapolis Retail News

Postby Silophant » January 27th, 2015, 10:16 am

xandrex wrote:Sam Black posted a press release he got on Twitter:

-Off Fifth store
-40,000 square feet
-Opening April 2016
Huh. The Strib article says it'll be 16,000 square feet. That's quite a discrepancy.

Edit: Re twincitizen's post:
Ah, maybe its 16,000 sq ft of the old Office Depot space, and also 24,000 more square feet in other space. Also, I'd assume if they were cool with an outside door across the street, they'd be cool with an outside door here. I hope.

xandrex
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Re: Downtown Minneapolis Retail News

Postby xandrex » January 27th, 2015, 10:25 am

^Strib may have missed including both floors?

I walk through City Center daily for work, but I can't think of what is located above office depot. There is a Leann Chin and Au Bon Pain or whatever, but I assume it would be "behind" those further down the skyway/hallway.

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Re: Downtown Minneapolis Retail News

Postby twincitizen » January 27th, 2015, 10:29 am

See above links for ground level and skyway level plans of City Center. Leann Chin, Au Bon Pain, and Baja Sol are all directly above the Office Depot space that Saks will take over. Those restaurants will most likely be moving.

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Re: Downtown Minneapolis Retail News

Postby Silophant » January 27th, 2015, 10:36 am

Yeah, that whole corner is about 16k sqft total, so they're all gonna have to move. Unless Saks also got some of the 3rd floor or basement to get to 40k, but I doubt it.

I wonder if Shorenstein could subdivide that big space by the hotel to get all of those restaurants new space on the skyway level? I also doubt they want to move to the wasteland downstairs.

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Re: Downtown Minneapolis Retail News

Postby TommyT » January 27th, 2015, 10:44 am

How long is the typical lease on a place like those restaurants? Could it be City Center would get more profit out of Saks than the three of those combined and just chose not to renew their leases? That could also explain why the opening date is so far out. I believe that's what happened with Caribou in Capella Tower is that they wouldn't renew the lease to make room for Peace Coffee.

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Re: Downtown Minneapolis Retail News

Postby IllogicalJake » January 27th, 2015, 10:54 am

Interesting - that block of restaurants is always the most active part of the building when I walk through. Seems odd to mess with that, but I don't know how these things usually work. Just seems like lunch spots have to be bringing in more traffic than Len.
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Silophant
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Re: Downtown Minneapolis Retail News

Postby Silophant » January 27th, 2015, 11:03 am

Hard to say. They are going to have to do a fair bit of remodeling to the space to make it into a 2-level store, though. They'll have to rip out the walls and kitchens on the skyway level, put in an elevator and/or escalators, and probably restrooms, I suppose. That'll take a few months at least.

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Re: Downtown Minneapolis Retail News

Postby xandrex » January 27th, 2015, 11:04 am

Hmm, yeah, unless they've got a new space for them, it seems like a bad move. I imagine three individual restaurants bring in a decent mount of traffic.

Really I'm just hoping Sak's move coincides with a major overhaul of the exterior of the building. City Center needs some love.

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Re: Downtown Minneapolis Retail News

Postby MNdible » January 27th, 2015, 11:08 am

It seems likely that whatever the terms of the leases were, Shorenstein felt that it was worth pulling the trigger on this for the larger benefit it would have for the rest of the spaces in City Center.

Conjecture, but if they could convince the food tenants to relocate deeper into the space (and no doubt the relocation costs -- significant because of the requirements of commercial kitchens -- would have to be borne by Shorenstein), it would be a double win, because they would pull more customers past the other retail.

Wedgeguy
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Re: Downtown Minneapolis Retail News

Postby Wedgeguy » January 27th, 2015, 11:14 am

xandrex wrote:Hmm, yeah, unless they've got a new space for them, it seems like a bad move. I imagine three individual restaurants bring in a decent mount of traffic.

Really I'm just hoping Sak's move coincides with a major overhaul of the exterior of the building. City Center needs some love.
I honestly doubt that those restaurants bring in any real traffic. But for them to find space that has the crossroads foot traffic will be a little more difficult. There is some dead space on the opposite side of the skyway near the old Multifoods tower that at this point are just blank walls. There is space on the skyway, but it is not as highly visible as their current locations. But maybe with Mayo Square there will be increased foot traffic that will make those store fronts better for restaurants to survive.

xandrex
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Re: Downtown Minneapolis Retail News

Postby xandrex » January 27th, 2015, 11:18 am

I really can't say about Leann Chin's (though they do advertise that sometimes their lines hit the door), but Au Bon Pain has a pretty healthy lunch hour and there are usually still people milling about when I leave for the day.

Maybe it's just me and my demographic (read: Not who Saks is aiming for), but I just see more utility and day-to-day visits for those stores. But I'm quite obviously not the person who has the actual financials. And Saks staying downtown in a new space is definitely a boon.

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Re: Downtown Minneapolis Retail News

Postby Silophant » January 27th, 2015, 11:23 am

Anecdotal, of course, but three of my coworkers just left to go to Baja Sol, which from Marquette Plaza via the skyway requires walking past about half a dozen other Mexican-style restaurants of varying quality. Leann Chin gets similar traffic, from this department at least. Their customer bases aren't going to give up on them just because they have to walk an extra couple hundred feet.


Also, I thought Shorenstein sold City Center a few months ago. Did that fall through?

acs
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Re: Downtown Minneapolis Retail News

Postby acs » January 27th, 2015, 11:44 am

With the demise of the Gaviidae commons food court, those three restaurants are go-to lunch spots for anyone in Wells Fargo tower (including myself).

MNdible
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Re: Downtown Minneapolis Retail News

Postby MNdible » January 27th, 2015, 11:47 am

Does anybody have any sense as to why all of the food courts are disappearing from downtown?

It seems like there's some logic to co-workers being able to get food from different restaurants but still being able to eat together. Is it just a pain for management? More common space that needs to be maintained?

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Re: Downtown Minneapolis Retail News

Postby David Greene » January 27th, 2015, 12:18 pm

Silophant wrote:Anecdotal, of course, but three of my coworkers just left to go to Baja Sol
I won't eat at Taco Tony's establishments.

acs
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Re: Downtown Minneapolis Retail News

Postby acs » January 27th, 2015, 12:23 pm

MNdible wrote:Does anybody have any sense as to why all of the food courts are disappearing from downtown?

It seems like there's some logic to co-workers being able to get food from different restaurants but still being able to eat together. Is it just a pain for management? More common space that needs to be maintained?
Food trucks and healthy eating. I for one am glad there's no McDonalds or Burger King downtown as I would never eat there and would much rather eat at something more upscale or unique. Food courts are a quintessentially suburban mall feature.

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Re: Downtown Minneapolis Retail News

Postby Silophant » January 27th, 2015, 12:36 pm

Well, sure, but downtown's still full of suburban chains, e.g. the Subway in basically every single building. Healthier, maybe, but not particularly unique.

As far as food courts go, there's still one in 330 2nd Ave that was just renovated, but otherwise, yeah, the trend seems to be dedicated seating.

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Re: Downtown Minneapolis Retail News

Postby MNdible » January 27th, 2015, 12:39 pm

acs wrote:I for one am glad there's no McDonalds or Burger King downtown as I would never eat there and would much rather eat at something more upscale or unique. Food courts are a quintessentially suburban mall feature.


Wow, that statement is all kinds of pretentious and judgmental. I don't eat there, therefore they shouldn't exist.

In any case, the disappearance of the food courts mostly predates the food trucks. Also, there's nothing to say that tenants in a food court couldn't be healthy or unique. In fact, the very food trucks you apparently love would seem to be great tenants for a food court.


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