CenterPoint buys former Neiman Marcus building on Nicollet Mall

  • Article by: Steve Alexander , Star Tribune
  • Updated: July 26, 2013 - 12:31 PM

The Houston-based natural gas utility will centralize its Minnesota operations at 5th Street and Nicollet Mall within two years.

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ellasauntieJul. 25, 1310:59 AM

What a win-win! An empty, prime piece of real estate in downtown Mpls is scooped up and CenterPoint gets its own building. That's great news for Minneapolis!

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joe_mnJul. 25, 1311:28 AM

Centerpoint property division will buy building and lease it to Centerpoint limited management division. Building will be treated as a depreciating asset and have favorable tax status.

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hjlazniJul. 25, 1311:29 AM

Not good for downtown. Retail may have succeeded in the store site with the new residential construction nearby. Does this allow Block E a better shot at retail?

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ellasauntieJul. 25, 1311:46 AM

hjlazni, Retail clearly failed in that building, so what should United Properties do? Let it sit vacant until a retail buyer approaches to purchase? The site is on Nicollet Mall, not Block E (Hennepin Ave), so I'm not understanding the correlation you're making...?

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thisislameJul. 25, 1312:23 PM

ellasauntie - We get it, you work there. Most have to use Centerpoint, so would appreciate they stop spending money and reduce our costs.

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kivirl4Jul. 25, 1312:35 PM

i would have preferred Nordstrom set up a store in that building

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jarlmnJul. 25, 13 9:40 PM

Office space. And so, Gaviidae will now join Block E, City Center, Riverplace and the rest of the grossly failed city attempts to create sappy-happy "upscale" retail centers to attract the suburbanites out of their enclaves. As with the other attempts, it mighta worked if the parking was not so danged expensive and the hoodlums and beggars were kept in check. Sorry, Mpls City Council, but you are going to have to finally ditch your archaic 1960's Chamber-Of-Commerce paradigm.

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twincitizen1Jul. 26, 1310:51 AM

I'm glad the building will be used, but not having an active street presence facing Nicollet Mall OR the LRT station is a huge mistake. Can't the first floor have a couple of small retail spaces carved out? The problem all of these retail centers fail is because they face inward like suburban malls. Downtown retail should be accessible from the sidewalk, with doors, windows, etc. Not something you can only get at from a maze of parking ramps and skyways, which is what our downtown has become, with the exception of Nicollet Mall and Hennepin Avenue.

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