Minneapolis Archives | Page 3 of 3 | CW MN Retail Real Estate Services

Macy’s to compete with Amazon by expanding same-day delivery markets

July 24, 2015/in Minneapolis /by Becky Plemel

Macy’s is expanding same-day delivery to several new US markets this summer, beyond the current eight markets. By partnering with Deliv, which uses a fleet of contract drivers to pick up online orders from stores and malls, Macy’s has found a cost-effective way to expand. The plan may also include more additions later this year, which could end up putting them ahead of Amazon, who currently offers same-day delivery in 14 markets.

Even with Macy’s rushing to grow their same-day delivery markets, many other traditional retailers are not so quick to jump on the bandwagon. The high costs and the uncertainty from many customers are enough cause for hesitation. However, as Amazon continues to find ways to break into retail, brick and mortars may find themselves forced to adjust their strategies.

Read the full article from New York Post here.

New businesses in Twin Cities area

July 10, 2015/in Minneapolis, Shakopee /by Becky Plemel

From the North Loop in Minneapolis all the way down to Shakopee, businesses across Minnesota are growing and expanding. Among some of the recent and notable moves are Marcus Theaters Corporation, Warby Parker and Kit and Ace.

Southbridge Crossing has submitted plans to build a 54,000 square foot, 10-screen movie theater at the Shakopee shopping center, operated by Marcus Theatres Corporation of Milwaukee. Marcus currently operates another theater in Shakopee, which it plans to keep open even after the new theater is built. For more information on this new development, read the full article from the Minneapolis / St. Paul Business Journal.

This August, Warby Parker will unveil its first Twin Cities showroom inside Askov Finlayson, the boutique launched by Eric and Andrew Dayton. The store, located next to the Daytons’ restaurant The Bachelor Farmer, will give about 250 square feet to Warby Parker, enough to show its entire line of glasses and sunglasses. For more details, read the full article from Minneapolis / St. Paul Business Journal.

Kit and Ace, a technical cashmere clothing company, has opened a store in the North Loop, Minneapolis. The new store, which has been in the works since March, is located on the second floor at 113 Washington Ave., above Roe Wolfe. It is one of the first in the Midwest, but there are more stores planned for the future, including one at the Mall of America this fall. For more information, read the full article from The Journal – Minneapolis.

Nye’s project has not been abandoned

June 19, 2015/in Minneapolis /by Becky Plemel

According to Schafer Richardson, the developer for the Nye’s project, the plan is still in play. The redevelopment project design was a 30-story residential and retail tower, to be built where Nye’s is currently located. Soon after the plan was announced, the neighboring church, Our Lady of Lourdes, spoke out against the idea, afraid that the high-rise construction might damage their 100-year-old building. People in the neighborhood then followed suit, fearing that the current scale of the project is not suitable. Unfortunately for the developer, some aspects of the project may not be negotiable in order for it to be cost-effective.

Read the full article from Star Tribune here.

Cooperative grocery settles in North Minneapolis

June 12, 2015/in Minneapolis /by Becky Plemel

According to research from the Minneapolis / St. Paul Business Journal, Wirth Cooperative Grocery has decided on a site in North Minneapolis. The Commons at Penn Ave, currently under construction, will be the home of the new 4,600 square foot grocery store. As of now, their opening date is set for January 2016. The store’s specialty will be fresh fruits, vegetables and meats, foods that seem to be lacking in North Minneapolis. Nearly 40% of the products will be organic and 60% conventional.

Read the full article here.

Design Concept Revealed For Downtown East Park

June 5, 2015/in Minneapolis /by Becky Plemel

The new design concept has been released for the downtown Minneapolis park, adjacent to the Vikings Stadium. The park is intended to serve as a plaza for Vikings games as well. However, they are still working on obtaining enough money to put these concepts into action. The following information is from the Minneapolis/St. Paul Business Journal.

The Star Tribune reports on the latest design by San Francisco-based landscape architect Hargreaves Associates, revealed at a public meeting Wednesday night [May 27^th]. The park plan is built around large grassy ovals, with a reflecting pool that can be drained for more space.

A Minneapolis Downtown Council fundraising committee will now work on obtaining $22 million to cover the park’s construction and first year of operating expenses. The Vikings have promised to contribute $1 million, as long as the park doesn’t sell naming rights to anybody else.

The site is bordered by Park Avenue, Fourth and Fifth streets and a proposed building on the other side of Fifth Avenue South from the Hennepin County jail. Earlier designs had the park running straight across Portland Avenue, but county officials nixed that, saying the street was needed for emergency vehicles.

Minnesota Public Radio reports that landscape architects now propose closing the street only for special events, but narrowing it to two lanes and changing the pavement to alert drivers that they’re passing near a pedestrian zone.

In October, Minneapolis business leaders formed Greening Downtown Minneapolis, a nonprofit that will oversee the park. The Minneapolis Park Board had initially considered running it.

The following renderings and site plan were posted by Kare 11.

Photo: Hargreaves Associates