ST. PAUL, MN—New stadiums are springing up across the US, and many property owners believe these projects will fuel demand for other uses in surrounding areas. RD Management LLC recently unveiled its future expansion plan for the Midway/Allianz Field mixed-use project in St. Paul, MN. Builders will complete construction of the $200 million Allianz Field soccer stadium in spring 2019, and to take advantage of the thousands of new visitors to the area, RD Management intends to add additional retail, office, residential, entertainment, and hospitality options to its adjacent property.
The master plan for the expansion will include the construction of new buildings along the western edge of the property on Snelling Ave. The current L-shaped space on the eastern side of the property, which has 20 active businesses, will remain intact following the demolition of Rainbow, Walgreens, Home Choice, and Big Top Liquor to make way for the new stadium.
“We look forward to growing our tenant-base to include sectors beyond retail, while enhancing our current retail offerings,” says Richard Birdoff, principal and president of RD Management. “Centrally located between two major cities with access to great public transportation, Midway will one day provide a modern live-work-play destination for locals and visitors to the beautiful new stadium next door.”
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
Already have an account? Sign In Now
© 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.