VOLUME 34, NUMBER 2
©2018 Real Estate Publishing Corporation
February 2018
Dayton’s Project Construction is Ramping Up
By Liz Wolf
N
ow that the Super Bowl is over, construction at the former Nicollet Mall Macy’s building in downtown Minneapolis – now dubbed the Dayton’s Project -- is kicking into high gear. It’s called the Dayton’s Project, because the building had been the headquarters and flagship store for the Dayton’s department store business for decades.
The iconic building opened its doors to visitors during Super Bowl Live, with its first floor used for everything from an NFL gift shop and the Hallmark Channel’s Kitten Bowl to a Prince exhibit and CNN’s live coverage desk. Visitors from across the country got a peek at the historic building’s unique spaces, reports Chicagobased Telos Group, a partner in the Dayton’s Project. Now that the Super Bowl has cleared out, it’s time to step up construction of the top-to-bottom overhaul. Redevelopment plans call for a mix of retail,
restaurants and a “high-energy” food hall – which signed on in December 2017—as well as office space. A team of brokers is marketing the space to local and national retailers, restaurants, entertainment concepts and office users. Demolition and abatement were underway months before the Super Bowl but will pick up significantly now that the first floor is empty, according to Telos. Construction crews will be working 24 hours a day reaching full production in late June with more than Dayton’s to page 10
New Co-Working Space in Downtown St. Paul Prioritizes Wellness Wellworth Focuses on Better Work Environments for Small Businesses and Independent Workers
T
he old Woolworth building in downtown St. Paul is transitioning to Class A office space and rebranding as The 428. The five-story, 60,000 squarefoot building, located at Minnesota Street and 7th Place East, recently announced its top-floor tenant, Well-
worth, a co-working space designed from the ground up to support wellness and productivity for members. St. Paulbased developer, Commercial Real Estate Services, is leading the project which is scheduled to open in July 2018. “Half of America’s workforce is
expected to be independent workers by 2020 and that doesn’t account for small businesses, all looking for a work environment that will help them thrive,” said Pat Wolf, owner, Commercial Real Estate Services. “Creating space for people to collaborate and build a community, while giving them a sound sense of wellness allows for endless innovation, collaboration and productivity.” Wellworth will offer approximately
7,200 square feet of indoor co-working space including individual workstations and collaboration space as well as beautiful rooftop patios. The space will have floor-to-ceiling windows and 360 degrees of natural light. Members will have access to a private outdoor co-working patio, open-air social gathering areas and a wellness Co-Working to page 14