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Swervo pays about $5 million for former YMCA site in downtown Minneapolis

Rendering of proposed renovation courtesy of Swervo Development

Rendering of proposed renovation courtesy of Swervo Development

The former YMCA building in downtown Minneapolis has a new owner. Twin Cities-based Swervo Development paid about $5 million this week for the six-story, 140,000 square-foot space, which is located a 30 South 9th Street. 

The building was vacated when the YMCA relocated to the opposite end of Nicollet Mall to a multi-story space at Gaviidae Common at the corner of 6th Avenue and Nicollet Mall.

Swervo plans to do a top-to-bottom renovation of the building with an estimated completion in late 2019 including what it's calling state-of-the art office space as well as potential first-floor retail spaces.

“What we hear over and over from tech start-ups, from advertising and marketing firms, design agencies and other creative enterprises is the need for space that fits their needs,” said Ned Abdul, Swervo’s president and chief executive officer, in a statement. “There’s a shortage of that space across our community, but particularly in our downtown cores where these companies and their people want to be."

Abdul is calling the project ‘Thirty.’ In 2015 Swervo renovated the original Federal Reserve Building at 510 Marquette, and in 2017 transformed the Minneapolis Armory into an events space.

City Pages to move to Star Tribune Building

Alternative weekly City Pages will move into the Star Tribune Building in downtown Minneapolis after spending the last few years at the paper’s printing plant.

City Pages’ 36 employees will occupy offices on the 11th floor of the Star Tribune building, which adjoins Capella Tower on S. 6th Street and 2nd Avenue S., said Steve Yaeger, vice president and chief marketing officer of the Star Tribune Media Co. City Pages business and editorial staff are expected to move in the first two weeks of November.

The Star Tribune, which occupies space on floors 11, 12, and 13, will reconfigure its 11th floor to accommodate for City Pages employees. The two publications will share the same entrances and office amenities, but City Pages will be separate from the Star Tribune newsroom.

The Star Tribune Media Co. bought City Pages in 2015, and later that year moved its staff from the Designers Guild Building in the North Loop to offices a few blocks away at Star Tribune’s Heritage printing facility, located at 800 N. 1st St. City Pages will continue to run independently of the Star Tribune newspaper.

The Star Tribune Media Co. will soon begin to market for lease the 9,700 square feet of office space that City Pages will vacate. NTH’s Anna Coskran is handling the lease.

Earlier this month, the Star Tribune Media Co. sold vacant land next to its printing plant to the Opus Group for a little more than $7 million. Opus plans to build a 225-unit apartment building on the 2.6-acre site.