Friday, November 16, 2007

Minneapolis: Calhoun Square Pre-Development Under Way

Discussions have begun with architects, potential retailers, residents, city staff and elected officials about the future of the shopping center at the corner of Hennepin and Lake. the 145,000-square-foot building has been awaiting a face lift for years and new owner BlackRock, a New York-based investment firm with more than $1 trillion in assets--plans to make it happen. Planners have begun the search for 'magnet' tenants whose presence might attract other businesses. Aaron Rubenstein, chairman of the Calhoun Area Residents Action Group said planners have been receptive of neighborhood concerns and ideas.

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