The old Rainbow building, it's parking lot & the adjacent Wendy's are all owned by:I really can't imagine Supervalu leaving that old Rainbow undeveloped for long. They're just paying taxes on worthless property right now. Fill it with apartments and you have a (potentially) large amount of captive shoppers for your store across the street.
Minnehaha/Lake Partners
C/O WATSON CENTERS INC
3100 WEST LAKE ST SUITE 215
MPLS MN 55416
I'd have to believe they are looking at options - but Supervalu has nothing to do with any of them.