MINNEAPOLIS-A devastating fire a year ago was one of the bestthings that ever happened to Rose Rosenthal and herdiscount furniture store in Downtown Minneapolis.It was the Sunday after Thanksgiving last year whenRosenthal, whose family owns the 25,000-sf buildingRosenthal Furniture operates out of in the WarehouseDistrict, got the call in the early morning that herbuilding was on fire.

When she arrived some 20 minutes later, she saw someeight to 10 firetrucks with lights flashing in frontof her store on Fifth Street and First Avenue North.The firefighters told her they thought the buildingwas “a goner” when they saw the flames shooting outof the back of the building and the store inundated insmoke, Rosenthal says.

It’s every business owner’s nightmare. Fortunately forRosenthal, most of the fire was restricted to the backof the store. The building out of which her family hadsold furniture for the last 40 years was not a gonerafter all. That was great news because Rosenthal lovesthe building and the location in the vibrant WarehouseDistrict. More customer traffic is on the way once alight rail station is built nearby and theredevelopment of Block E into an entertainment andhotel complex is completed.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.