Future Target Tower instead of Minneapolis Condos?
by Ben Ganje
on Monday, October 10th, 2011 at 9:39pm.
Local real estate broker United Properties announced the sale of three parcels at 10th Street and Nicollet Mall to retail giant Target not too long ago. Prior to this the site had enjoyed years of speculation, rumors and setbacks that prohibited anything from moving forward on the site.
During the heyday of the condo boom this site was to be the future home of a massive condo project called The Nicollet that was to reach 56 stories into the sky. Plans called for some office space but mainly condominiums. The attraction at the time was location of being right downtown, having a skyway connected building and the views from the height of the tower.
Currently Target does not have definitive plan for the site but rumors are starting to emerge that the retailer simply needs more space for its employees, but also those of it's vendors and partnerships. Last year Target closed on the purchase of 1013 Nicollet Mall. At the time, the company wasn’t saying much about its plans for the small building, the former home of the Church of Scientology of Minnesota.