Macy's considers closing downtown Minneapolis store, a Minnesota retail landmark
Macy's, the only remaining stop in the "four-block walk" of department stores in downtown Minneapolis, may close or be significantly downsized, two people familiar with the company's plans said Friday.
The national retailer is deep in negotiations with at least one potential buyer interested in converting the building, one of the largest properties downtown, chiefly into office space.
The makeover may include some retail space, though Macy's future at the site on Nicollet Mall is in limbo, the two people said.
The company is assessing whether to lease back space following a sale. If it does, the two people said, it would likely be significantly smaller than its current store and may be under a short-term lease.
Read more: http://www.startribune.com/macy-s-considers-closing-downtown-minneapolis-store-a-minnesota-retail-landmark/397946281/