End Of The Line For Macy’s In Minneapolis
As speculated back in October, Macy's has sold the iconic downtown Minneapolis store and it will close in March. I guess I should have made a visit to the eighth floor auditorium this year.
601W Cos, a New York investment firm, has bought the three-building property for $40 million. They plan to develop the space into a mix of open office space and retail.
Dayton's was once one of the giants in downtown Minneapolis, along with Donaldson's, JC Penny, and Powers Dry Goods. And was the headquarters for the Dayton-Hudson Corp., forerunner of Target Corp. Macy's acquired it in 2005 and they kept up the traditions of the spring flower show and holiday display on the eighth floor. There are two restaurants on the 12th floor, The Oak Grill and Skyroom.
So far it appears none of the other Twin Cities-area stores are on the chopping block.