Downtown Minneapolis Retail News

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

Postby PhilmerPhil » September 23rd, 2016, 11:13 pm

Sad day: Happy Days Market appears to have closed.

grrdanko
Nicollet Mall
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Re: Downtown Minneapolis Retail News

Postby grrdanko » September 24th, 2016, 10:00 am

PhilmerPhil wrote:Sad day: Happy Days Market appears to have closed.
They've been closed for at least two weeks.

min-chi-cbus
Capella Tower
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Re: Downtown Minneapolis Retail News

Postby min-chi-cbus » September 24th, 2016, 10:03 am

Is this the only central district in the world where the population is increasing but retail is shuttering?

Silophant
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Re: Downtown Minneapolis Retail News

Postby Silophant » September 24th, 2016, 10:13 am

No, I'm pretty sure every central district in the world, whether the residential population is increasing or decreasing, sees a business close down from time to time.

grant1simons2
IDS Center
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Re: Downtown Minneapolis Retail News

Postby grant1simons2 » October 2nd, 2016, 1:13 pm

Chrome and Kit and Ace are closing. Not too surprising. Home bias favoring One on One and Kit and Ace was upstairs in a bit of an odd spot. Also they gave away free champagne on Friday.

http://www.minnesotamonthly.com/Blogs/T ... orth-Loop/

VAStationDude
US Bank Plaza
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Re: Downtown Minneapolis Retail News

Postby VAStationDude » October 2nd, 2016, 5:18 pm

Is Chrome still a thing anymore?

grant1simons2
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Re: Downtown Minneapolis Retail News

Postby grant1simons2 » October 2nd, 2016, 8:40 pm

Yeah, kind of. I see more Trash Bags being worn by our local couriers. Chrome was also charging $35 for a bike cap. They're usually $18. I know it's North Loop so it should be expected, but they were overcharging a bit for the smaller things.

uncle phil
Metrodome
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Re: Downtown Minneapolis Retail News

Postby uncle phil » October 3rd, 2016, 11:51 am

The Kit and Ace location was always the oddest choice to me...they had almost no visibility up there.

sanguinic
Metrodome
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Macy's may close Nicollet Mall store

Postby sanguinic » October 21st, 2016, 4:30 pm

Will the store last through February?
http://www.startribune.com/macy-s-consi ... 397946281/

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MN Fats
Union Depot
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Re: Downtown Minneapolis Retail News

Postby MN Fats » December 5th, 2016, 12:14 pm

The convenience store on the first floor of the old Retek building is closing by the end of the month. Sign in front of the store says they lost their lease.

eastharrietguy
City Center
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Re: Downtown Minneapolis Retail News

Postby eastharrietguy » December 5th, 2016, 10:02 pm

If Macy's downtown closes it will be a sad day indeed. So many memories... my first 3-piece corduroy suite for $60 from Dayton's bargain basement... my first credit card, when I was still a U of M student, worked in Men's Casual Sportswear part time for 2+ years in the 80s... maybe another dept. store could take it over? Nordstrom?

eastharrietguy
City Center
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Re: Downtown Minneapolis Retail News

Postby eastharrietguy » December 5th, 2016, 10:17 pm

Sorry... just saw the separate Macy's thread...

amiller92
Wells Fargo Center
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Re: Downtown Minneapolis Retail News

Postby amiller92 » December 6th, 2016, 9:27 am

MN Fats wrote:The convenience store on the first floor of the old Retek building is closing by the end of the month. Sign in front of the store says they lost their lease.
Flower shop on the skyway level moved too. Wonder what the deal is over there.

grant1simons2
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Re: Downtown Minneapolis Retail News

Postby grant1simons2 » January 6th, 2017, 2:05 pm

Why do brokers in Minneapolis not understand that leasing out giant spaces is not a healthy strategy for downtown? I know, they get more money. But do they really?

xandrex
Wells Fargo Center
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Re: Downtown Minneapolis Retail News

Postby xandrex » January 6th, 2017, 2:08 pm

Oof. http://www.bizjournals.com/twincities/n ... -this.html

Not a good year for Minneapolis retail.

MNdible
is great.
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Re: Downtown Minneapolis Retail News

Postby MNdible » January 6th, 2017, 2:41 pm

Big picture, though, this could be a big improvement if done correctly:
As part of the renovations to the site, Ferguson said the skyway, which now heads down an escalator to a central building lobby immediately after crossing from IDS Center, will be rerouted through what is now the bookstore and lead to a Nicollet Mall-side entrance.

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Sacrelicio
Union Depot
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Re: Downtown Minneapolis Retail News

Postby Sacrelicio » January 6th, 2017, 2:41 pm

xandrex wrote:Oof. http://www.bizjournals.com/twincities/n ... -this.html

Not a good year for Minneapolis retail.
I think the problem with downtown is that the retail is a lot of chain retail stuff that is struggling to survive everywhere, combined with high rents for large spaces and lack of interest. I think the key is get more specialty stuff and upscale restaurants, plus smaller convenience and neighborhood services like drug/pharmacy. Large bookstores, Sports Authority, Office Depot etc. is sort of a bad use of such a space. People downtown don't frequent them enough and no one wants to go downtown for that kind of stuff. Spread the North Loop model to downtown. Break up the large spaces. Maybe have something similar to Midtown Global Market. The old Macy's/Dayton's space might be a good place for that.

Silophant
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Re: Downtown Minneapolis Retail News

Postby Silophant » January 6th, 2017, 2:52 pm

Sad. I mean, it had clearly been on borrowed time at least since they stopped bothering to staff the skyway-level checkouts a few years ago, but I was hoping they could stick around long enough to get updated to the restaurant concept that they're testing at the Galleria, if that was successful.

mnmike
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Re: Downtown Minneapolis Retail News

Postby mnmike » January 6th, 2017, 4:35 pm

Sad to see the two levels split up, as the article says...and yet another restaurant on the first level. This would be a perfect spot for a nice destination 2 level retailer...like Uniqlo (see new one in Denver) that we seem to not be able to lure. So would the Y spot on 6th and Nic. I guess it is just going to be a restaurant row pretty much. Could be worse I suppose. I keep hoping to see announcements for some of the many vacant spaces on Nic (even more restaurants), but nothing...and now we are adding lots more spaces. Hard to remain optimistic!

Silophant
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Re: Downtown Minneapolis Retail News

Postby Silophant » January 18th, 2017, 6:11 pm

Victory for the streetscape: Kisa Boutique moved down from the skyway level of RBC Plaza to the 6th St.-fronting space below it.

Also, Fixology Repair disappeared, leaving a note on their door that they're moving to a (apparently secret) bigger and better space downtown. This makes RBC Plaza the only skyway-connected building I can think of with a fully-leased street level and multiple vacant bays on the skyway level.


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