But the building has been so remodeled, including changing itsdistinctive exterior, and wouldneed be further remodeled in thefuture. Millett concludes there's little left to save. Its tenant,the Guthrie, hopes to move to a new theater complex on theMinneapolis riverfront by 2005. The neighboring Walker Art Center,which owns the Guthrie building, wants to raze it to make way foran ambitious $90-million expansion. The Minneapolis City Councilholds the ultimate fate of the building, and Millett anticipates itwill approve a permit request from the Walkerto tear it down.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.