Target to Help Transform N. Minneapolis Neighborhood

The $36 million combined-use project at the intersection of Plymouth Ave. and Penn Ave. will bring a lot of activity to Northside.

MINNEAPOLIS—Officials from THOR Cos. have said their decision to relocate their headquarters from a leafy suburb to the historically-disadvantaged community of North Minneapolis would help spark a revival. And they just took a big step toward that goal by securing an agreement from Target Corp. to anchor the retail space in the 92,000 square foot office building.

Earlier this week, THOR chairman Richard Copeland and chief executive officer Ravi Norman hosted a groundbreaking ceremony for along with Brian Cornell, chairman and chief executive officer at Target, Gov. Mark Dayton and US Rep. Keith Ellison.