Business

Nick Halter
Jan 19, 2022 - Business

Office pain extends to Twin Cities suburbs

An office building with unplowed snow
The unplowed parking lot of the Southgate Business Plaza in Bloomington. Photo: Nick Halter/Axios

A move from companies toward more remote and hybrid work isn't just dealing a blow to the downtowns, it's also hitting the suburbs.

Driving the news: Last week, Thomson Reuters announced it's exploring options for its massive Eagan campus because it no longer needs all 1.3 million square feet of office space as it moves to a hybrid work model.

Why it matters: Suburbs depend on office buildings to bolster their tax base and nearby restaurants and retailers draw business from office workers.

Nick Halter
Jan 18, 2022 - Business

Plan to redevelop St. Paul's Hillcrest Golf Course takes shape

An aerial photo of the former Hillcrest golf course on St. Paul's East Side.
The former Hillcrest Golf Course on St. Paul's East Side. Image via city of St. Paul

St. Paul officials will soon take up a master plan that would turn the former Hillcrest Golf Course into an industrial area, neighborhood and city park.

Driving the news: The St. Paul Planning Commission will hear staff present the plan for the 112-acre site on Friday and then begin a public hearing process.

Why it matters: If approved, the project would bring:

  • 1,000 housing units on the north side, with the highest density at the McKnight and Larpenteur intersection.
  • 54 acres of light industrial land that would be home to 1,000 jobs.
  • A five-acre public park.
Nick Halter
Jan 6, 2022 - Business

Redevelopment plan calls for the end of Maple Grove AMC theater

The exterior of an AMC theaters in Maple Grove, Minnesota.
The Maple Grove AMC would become a flooring store under new plans. Photo via Google

Maple Grove's AMC Arbor Lakes 16 theater would be redeveloped into a flooring store under plans submitted to the city.

Driving the news: Minneapolis developer Launch Properties is applying to convert the building into a Floor & Decor store.

  • The Atlanta-based company, which sells tile, vinyl, wood and stone, has 153 warehouse-style stores in the country, but said in its application that this would be its first — and a flagship — in Minnesota.
Nick Halter
Jan 4, 2022 - Business

Lauren Bennett McGinty's job is to revive Minnesota tourism

Lauren Bennett McGinty
Lauren Bennett McGinty. Photo courtsey of Explore Minnesota

COVID-19 has dealt a multi-billion-dollar blow to Minnesota's tourism industry. It's the job of Explore Minnesota Tourism's new director to repair it.

Driving the news: In November, Gov. Tim Walz appointed Lauren Bennett McGinty to replace John Edman, who had led the agency for 21 years.

  • Bennett McGinty most recently served as executive director of the Minnesota Craft Brewers Guild.

Why it matters: Between January 2020 and October 2021, the pandemic caused $11.4 billion in travel spending losses in Minnesota, which had a $16 billion annual tourism industry in 2019, according to Explore Minnesota.

Audrey Kennedy
Dec 21, 2021 - Business

Scoop: St. Anthony Main Theatre to close and rebrand

exterior of a movie theater
St. Anthony Main Theatre in July 2021. Photo: Audrey Kennedy/Axios

Wanna see the latest Marvel movie at St. Anthony Main Theatre? Act fast.

Driving the news: MSP Film Society is taking over operations of all five screens at the historic Minneapolis theater, switching its programming from mainstream releases to independent and international films.

  • The theater will close on January 3 and rebrand as "MSP Film at the Main," reopening in time for the 2022 MSP International Film Festival on March 31.
Nick Halter
Dec 14, 2021 - Business

Developer calls off plans for Bloomington Hy-Vee

A rendering of a new high-tech Hy-Vee store.
Image: RSP Architects via City of Bloomington

The developer planning to build a new-format Hy-Vee store at Bloomington's Southtown shopping center has called the project off.

Driving the news: Minneapolis-based Kraus-Anderson recently sent an email to city planners saying it had to withdraw the project.

  • The firm didn't provide a reason. But in a November email to the city, KA said rising construction costs were impacting lease negotiations.

Where are all the Twin Cities 24-hour diners?

Neon sign saying Open 24 hours
Illustration: Aïda Amer/Axios

If you're looking for a place to sit down and grab some grub at 2am in the Twin Cities, you might be out of luck.

What's happening: From Mickey's to Uptown Diner, the metro is losing its round-the-clock diners as COVID-19 safety concerns and labor shortages continue to challenge the restaurant industry.

Why it matters: Local diners are late-night institutions — a staple of graveyard shift workers, college students and night owls in need of hot coffee and a plate of eggs and bacon.

Audrey Kennedy
Nov 30, 2021 - Business

Lush Lounge and Theater to reopen in Minneapolis this December

be kind and have a good time neon sign
The interior of Lush. Photo courtesy of Lush Lounge and Theater

Lush Lounge and Theater, the Northeast Minneapolis club, bar and restaurant known for drag nights and brunches, will reopen next month under new ownership after abruptly closing during Pride weekend last year.

Driving the news: Fox 9 and myTalk 107.1 personality Jason Matheson joined drag performers and hospitality professionals Andrew Rausch and Jared Lawrence, and Betty and Earl's Jennifer Lueck, in buying the business and building for $2.6 million, Lush announced Tuesday.

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