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Over the past six years, Element has been collaborating with Asana Partners, a trusted client and real estate investor based in North Carolina, on leasing strategy in some of Minneapolis's hottest markets. Most recently, Asana has taken on the exciting challenge of transforming the former Muse Event Center into a bustling retail node in the thriving North Loop shopping district. Recognizing the area's immense potential for growth and success, Asana has made significant investments by acquiring buildings not only in North Loop but also in Northeast and Wayzata, showcasing their commitment to the community's development.
Situated at the corner of a premier retail block in North Loop, this charming brick building, now rebranded as the Saxon Building, offers a total of 6,288 square feet of street level retail space, with additional basement storage for tenants, and second and third level office suites. Through strategic redevelopment efforts, the building has been transformed to cater to unique retail and dining prospects, complete with a modern spec suite accessible via a welcoming vestibule entryway.
The property's prime location in the Heart of the North Loop places it at the center of a bustling commercial and residential neighborhood, just steps away from an array of unique shopping, dining, and entertainment options. Renowned as one of America's Best Hipster Neighborhoods by Forbes Magazine and featured in Fodors Travel Guide as a must-visit destination globally, the North Loop has become a hotspot for young professionals, national retailers, chef-driven restaurants, craft breweries, and trendy coffee shops. Its dynamic and trendsetting ambiance makes it an attractive destination for both businesses and customers alike. Capitalizing on the North Loop's charm, Element collaborated with Asana on a retail leasing strategy aimed at curating a dynamic tenant mix that would thrive in the neighborhood, attracting both local restaurateurs and national brands. Solidcore, a renowned fitness brand, secured the first lease on the prime corner space, enhancing the building's appeal.
The neighborhood has already seen significant redevelopment, welcoming exciting new tenants such as Sweetgreen, Treats Cereal Bar, Story & Teller Gifts, Berlin, Porzana and Maison Margaux. The building is also in close proximity to local favorites like Martin Patrick 3, Fairgrounds Coffee, Monte Carlo, Hewing Hotel, and Spoon & Stable, along with numerous other retail and dining establishments in the area. Accessibility is another key advantage, with the property conveniently located near major roadways, bike paths, and two LRT stations, ensuring easy access for customers from all directions via the Twin Cities' growing transit system.
The strategic redevelopment and positioning of this corner building in the North Loop not only reflects Asana Partners' commitment to revitalizing the area but also offer an unparalleled opportunity for businesses to thrive in one of Minneapolis's most sought-after retail destinations.
