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$190M Midtown Exchange Inks First Retailers, Readies for Open House

MINNEAPOLIS-The Ryan Cos. recently locked in the first 12 retail tenants of the one-million-sf Midtown Exchange renovation project and is planning to secure additional vendors through today's afternoon open house.

By Dana Dubriwny | Updated on August 11, 2005

MINNEAPOLIS-Construction is under way for Ryan Cos.’ $190 million Midtown Exchange renovation project, the redevelopment of the former 1.1-million-sf Sears, Roebuck & Co. mall and mail order center. The completed project will include the headquarters of Allina Healthcare, a 136-room Sheraton Hotel, offices, 200,000 sf of retail, and more than 350 units of rental and ownership housing. The grand opening is slated for spring 2006.

Retailers and vendors hoping to become part of the Midtown Global Market, the 58,000-sf market portion of the development, will have an opportunity today from 4 p.m. to 5:30 p.m. to add their name to the growing list of tenants who have inked pre-rental agreements. Thus far, Bymore Meats, Cafeteria La Loma, Golden Thyme Coffee Cafe, Holy Land Grocery, Jakeeno’s, Taqueria Los Ocampo, Minnesota Meat Specialties, Mapps Tea & Coffee and Salsa a la Salsa have been confirmed as signed tenants.

The Global Market will occupy the first-floor, Lake Street side of the Midtown Exchange project and will feature a worldwide variety of fresh and prepared ethnic food in stalls and booths of various sizes, mixed with restaurants and small specialty grocery stores to reflect the minority populations in Minneapolis, including recent immigrants from Latin America, Africa and Asia; older immigrant groups from Europe, the Middle East, and Asia; and African American and Native American business owners.

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