Tuesday, June 21, 2005

SuperTarget Redux

I few weeks ago I talked about the possibility of a SuperTarget in the Midway:
Target is believed to be among bidders for the ailing Sheraton hotel property at Hamline and St. Anthony avenues, possibly to demolish the building, which is behind the existing Target at 1300 W. University Ave
Well, they won the bid:
Target Corp. reached an agreement Friday with the St. Paul Port Authority to buy the hotel property for $8.6 million.

A spokeswoman for Target declined to discuss the company's plan for the site, but local developers say that by acquiring the property, the discount retailer now has enough room to build its first supercenter in St. Paul.

No comments: