New York firm bids $26.5 million for Gaviidae shopping center

  • Article by: Janet Moore , Star Tribune
  • Updated: June 28, 2013 - 9:22 PM

The city of Minneapolis must first approve the $26 million sale.

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yathinksoJun. 28, 13 6:09 PM

Oh my...someone wants to buy a Minnesota business that can not be relocated out of state? The right wingers who blame Dayton for everything will have to find a creative way to spin this.

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movebak2mplsJun. 28, 13 6:33 PM

The hot water was recently restored to the City Center building AFTER A MONTHLONG HIATUS. Hopefully, the new owners will run Gaviidae with slightly more care than the City Center owners.

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jhbensenJun. 28, 13 9:40 PM

How much did the taxpayers shell out to build this albatross and then only get eight million back. We should just be happy the city is getting anything.

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boozlesJun. 28, 1310:23 PM

Hope they close it and turn it into a parking lot for Southdale.

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ebrandelJun. 28, 1310:59 PM

@boozles: You're confusing the Galleria (next to Southdale) and Gaviidae (which is in Minneapolis).

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jimmy68Jun. 28, 1311:06 PM

far too many vast spaces in downtown minneapolis...it has to change, hoping this gets the ball rolling...minneapolis used to be a great place to shop...now not so much.....

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boozlesJun. 28, 1311:56 PM

@boozles: You're confusing the Galleria (next to Southdale) and Gaviidae (which is in Minneapolis)__Yes, my bad. Thanks for the correction.

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squeezemeJun. 29, 13 6:31 AM

Why was Brookfield so eager to get out of Minneapolis? One has to wonder...

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garyglsJun. 29, 13 9:37 AM

As I have said a million times, if government didn't "invest" in it we would have to worry about it going under, that would be between them and their bank. And that should go for all the wasteful spending in all privare projects and goes double for sports teams.

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dtmonkeyboyJun. 29, 1311:20 AM

Retail in Minneapolis and Southdale has tanked since the MOA was built. You may recall it was state subsidies to MOA(with more to come) that caused this. Why not blame Bloomington and the state? Instead of picking on the relatively small investments minneapolis has made. by the way MPlS made a fortune off a Hilton investment.

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