MSP Retail Openings & Closings (Q1 2014)

The greater Minneapolis / St. Paul metropolitan retail market enjoyed a strong first quarter. Overall, the local economy is showing continued signs of strength with the unemployment rate remaining low at 4.7 percent as of January compared to the U.S. rate of 6.6 percent. It also is enjoying job growth and an active housing market.

At the retail level, velocity was high as several deals rolled over from 2013. Overall, the market is improving and there is more activity among both the corporate and franchise tenants.

The following is a list of retail openings and closings for Q1 2014:

OPENINGS:

  • Ace Spirits (Hopkins)
  • A Cupcake Social (Minneapolis)
  • Babette (50th & France)
  • Barely Brothers Records (St. Paul)
  • Bars Bakery (St. Paul – Downtown)
  • Boneyard Kitchen & Bar (Uptown)
  • Cherry Berry (Blaine)
  • Coup d’Etat (Uptown)
  • Day Block Brewing Company (Minneapolis – Downtown)
  • Digby’s (Rosedale Center)
  • Dunn Bros. (Minneapolis – Downtown)
  • Eat My Words Bookstore (Minneapolis)
  • Famous Dave’s (Cottage Grove)
  • Five Watt Coffee (Minneapolis)
  • French Meadow Bakery & Café (St. Paul)
  • Grady’s Ace Hardware (Champlin)
  • Hen House Eatery (Minneapolis – Downtown)
  • Heyday (Uptown)
  • Hobby Lobby (Woodbury)
  • Kyatchi (Minneapolis
  • La Fresca (Minneapolis)
  • Lole (Minneapolis – North Loop)
  • Lululemon athletica (Galleria)
  • Maison Darras (Minneapolis – Downtown)
  • Nakamori Japanese Bistro (Edina)
  • Orangetheory Fitness (Apple Valley)
  • Patrick’s Restaurant & Bakery (Maple Grove)
  • Primp (Minneapolis)
  • Red Savoy Pizza (Edina)
  • Roundtable Coffee Works (St. Paul)
  • Russell + Hazel (Galleria)
  • Rusty Taco (Maple Grove)
  • Socialista (Minneapolis – North Loop)
  • Sunrise Market (St. Paul)
  • Teavana (Southdale Center)
  • The Salad Bar (Minneapolis – Downtown)
  • The Wedge & Wheel (Stillwater)
  • Toppers Pizza (Falcon Heights)
  • Wal-mart (Cottage Grove)
  • Which Wich (Apple Valley)
  • Yard House (The Shops at West End)
  • Yogurt Lab (Uptown)
CLOSINGS:

  • Al Baker’s (Eagan)
  • Ann Taylor (Minneapolis – Downtown)
  • Archiver’s (Apple Valley, Eden Prairie, Maple Grove, Roseville, Woodbury)
  • Champions (Minneapolis)
  • Country Bar & Grill (Uptown)
  • Famous Dave’s (Minneapolis – Linden Hills)
  • First Tech (Uptown)
  • LD Blues (Minneapolis – Downtown)
  • LD Len Druskin (Minneapolis – Downtown)
  • LD Men (Minneapolis – Downtown)
  • LifePower (Uptown)
  • Napa Valley Grille (Mall of America)
  • OPM (St. Louis Park)
  • Outback Steakhouse (Woodbury)
  • RJ’s Tavern (Hastings)
  • Rye’s Delicatessen & Bar (Uptown)
  • Sawatdee (Minneapolis – Downtown, Uptown)
  • Sears (Rochester)
  • Seven Corners Hardware (St. Paul – Downtown)
  • Sunsets (Wayzata)

About Cushman & Wakefield/NorthMarq

​Cushman & Wakefield/NorthMarq is a joint venture formed in September 2011 by NorthMarq Real Estate Services and the Minnesota operations of global real estate services firm Cushman & Wakefield. By combining the talent of both organizations at the regional level with the global platform of Cushman & Wakefield, we offer clients the best combination of regional strength and global capabilities. The result: the leading commercial real estate firm by all measures in the Upper Midwest.
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