Page 2 of 2 Previous

Continued: Gaviidae II to get a $3.8M face-lift

  • Article by: JANET MOORE , Star Tribune
  • Last update: February 15, 2013 - 6:28 AM

Gaviidae II was built on a site once occupied by a J.C. Penney store. In the late 1980s, city officials and the captains of retail decided to court more-upscale stores downtown — those not found in the suburban Dales surrounding the city center. Gaviidae — Latin for loon — opened in phases beginning in 1989.

“Gaviidae was built to reinforce the idea of downtown Minneapolis as a shopping destination, ” said Jim McComb, a Minneapolis retail consultant.

The project was subsidized in part by the city. In 2009, Brookfield paid $29.4 million to repay one of three loans the city’s development agency made between 1987 and 1991 for Gaviidae.

But when the Mall of America opened in 1992, “it had an impact on all the malls all over the Twin Cities, not just Gaviidae, ” McComb said.

The Neiman wing of Gaviidae tended to suffer more because the northern stretch of Nicollet Mall was a little lonelier, with less foot traffic. After years of rumors, Neiman Marcus closed on Jan. 31.

More changes on Nicollet

Now, the northern section of downtown appears to be perking up with the development of several luxury apartment buildings within a block or two of Gaviidae II, as well as the existing light-rail station at S. 5th Street and Nicollet Mall.

Minnetonka-based Opus Development Corp. plans a $100 million, 26-story apartment tower just across 5th Street from the former Neiman store. About 250 apartments are slated for the historic Soo Line Building at 5th Street and Marquette Avenue S., and a few blocks away on East Hennepin Avenue and 2nd Street, Ryan Cos. U.S. is building a $70 million luxury apartment building that will be anchored by a Whole Foods grocery store. Xcel Energy Inc. is expanding its downtown headquarters with a second building on Nicollet Mall between 4th and 5th streets.

Minneapolis officials are also hopeful that Gaviidae II will be revitalized. “The city has a strong interest in the future of the buildings and seeing them remain a center of activity for workers, visitors, and a growing residential population,” said city of Minneapolis spokesman Matt Laible, referring to Gaviidae II.

Meanwhile, Gov. Mark Dayton has proposed a $25 million investment to reconstruct Nicollet Mall, a project that — if funded — should help to spark the shopping spine’s historically sleepier northern spur.

 

Janet Moore • 612-673-7752



 

  • related content

  • Photo gallery: Gaviidae II to get a $3.8M face-lift

    Friday February 15, 2013

    Gaviidae II to get a $3.8M face-lift

  • Gaviidae II, built on a site once occupied by a J.C. Penney store, is next to the RBC Plaza office tower. Gaviidae opened in phases beginning in 1989.

  • The State Fare food court, popular with time-pressed office workers, spans the fourth floor of Gaviidae II. “Many of the colors and finishes are dated and in need of a face-lift,” the building’s new owner says.

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 
Close