North Minneapolis Revival On Track

The new $36 million Regional Acceleration Center is the most visible sign of the area’s comeback.

MINNEAPOLIS—In 2016, THOR Cos. made a commitment to help revive the long-neglected North Minneapolis neighborhood, and that effort is bearing fruit. The Minneapolis-based firm is putting the final touches on its 92,000 square foot Regional Acceleration Center, the most visible sign of the area’s comeback. The $36 million office and retail building, located at 1256 Penn Ave. N., will open in early July fully leased and ready for occupancy.

“We are extremely pleased with the tenant mix that THOR Development had delivered for our building,” says Ravi Norman, chief executive officer, THOR Cos. “The market’s response confirms our belief that the Northside is primed for further commercial development – and we are here to lend a hand to any business owner who wants to explore taking advantage of real estate opportunities on what we’re calling the ‘Bold Northside’ of Minneapolis.”