Florida firm puts down deposit on IDS Center

  • Article by: Janet Moore , Star Tribune
  • Updated: April 5, 2013 - 8:45 PM

The price for the Minneapolis landmark is said to be $250 million.

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twincitizen1Apr. 5, 13 7:05 PM

It's really amazing how well the IDS holds up, now over 40 years old. The Crystal Court is still one of the best designed interior spaces downtown. While other downtown retail spaces have struggled to maintain tenants, the IDS can boast full occupancy.

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bshel11Apr. 5, 13 8:05 PM

It's not just "one of the tallest", it is the tallest building in Minnesota.

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missmarplesApr. 5, 13 8:22 PM

Mary Richards still Loves the IDS Tower!

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dtmonkeyboyApr. 5, 13 9:40 PM

For a city that many claim is in decline...it is amazing that buildings are selling for record amounts and there is a record amount of private development dollars flowing into the city.

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alanam8Apr. 5, 1310:10 PM

Worth noting that the IDS is most definitely NOT a "postmodern" tower. Johnson's post-modern work came later.

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suuwhatApr. 5, 1310:14 PM

$250 mil seems a bit low. Is it the tower alone or any other properties like the marquette?

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neilgdApr. 5, 1310:25 PM

Much as I love the IDS Center, it has been the tallest building for over 40 years now. Isn't it time to break the glass ceiling and build a 70-80 story skyscraper?

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herby2013Apr. 6, 13 2:15 AM

If these buildings in downtown Murderapolis are such a good investment, why are the owners selling? There have been a number of office towers for sale the past few years. Makes you wonder why the owners are trying to unload them.

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dtmonkeyboyApr. 6, 13 4:52 PM

Herby..downtown Minneapolis has less crime per capita than the state fair...and in an average year, downtown Minneapolis has 1 murder. Not bad considering the sheer volume of people.....as for why building owners sell....often it is so they can cash in and take their huge profits...and then invest in a city that isn't already peeking.

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dtmonkeyboyApr. 6, 13 4:55 PM

The question isn't why are building in Minneapolis selling -- that is obvious -- companies are cashing in and taking huge profits. The question is why aren't buildings in the suburbs selling...the answer is because they are still WAY down in value because there is no demand for office space or housing.

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