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Minneapolis Armory to Become Telco Hotel

MINNEAPOLIS - The vacant downtown Minneapolis landmark will be sold to a Los Angeles group.

By Jim McCartney | Updated on August 24, 2000

The Minneapolis Armory, a longtime landmark in downtown Minneapolis, will soon be sold to RPD Catalyst, a Los Angeles-based real estate firm that plans to invest up to $12 million in the building. RPD plans to convert the building, which has a footprint of 60,000-sf, into space for telecommunications-equipment providers – both for “telco hoteling” and a data center, says Doug Hoskin, who is general partner of the real estate partnership that is selling the building.

RPD officials said they like the location because it is close to fiber optic cables as well as near the downtown core. The new owners plan to add a second level to the space, creating about 120,000-sf of commercial space, as well as refurbishing the adjacent 28,000-sf offices. The new owners will spend about $12 million on the refurbishment, which will include a new roof, updated electrical and plumbing systems and the new floor.

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