Statement from the Minneapolis Downtown Council Re: Macy's
Wednesday, January 4, 2017 at 3:35PM
January 4, 2017
The Minneapolis Downtown Council has released the following Statement regarding the sale of the Macy’s building in Downtown Minneapolis and the store closing by Steve Cramer, President & CEO of the Minneapolis Downtown Council:
The news that Macy’s is closing its Minneapolis store is not surprising in the light of changes affecting downtown retailing across the nation. For many years the former Dayton’s building has been an underutilized asset at the center of our business district, with hundreds of thousands of vacant square feet. With the sale of the building to an experienced, well capitalized developer with urban retail experience – 601 W Companies – we have an opportunity to revitalize this iconic structure in the heart of downtown. Combined with the soon to be completed new Nicollet Mall, continued growth of our residential population, and the in-migration of businesses from across the region, a revitalized Dayton’s building will add to the positive momentum downtown is experiencing. I look forward to meeting with 601 W Companies and City officials early next week to begin discussing plans for a new future for an old building that holds a warm spot in the hearts of people throughout Minnesota.
Leah Wong, Vice President of External Relations
Minneapolis Downtown Council
81 S. 9th Street, Suite 260, Minneapolis, MN 55402
leahw@downtownminneapolis.com
Cell: 612.269.7986
Direct: 612.656.3816
