Aventura-based Elion Partners and a co-developer expect to finish building a mixed-use development spanning 100 acres in a suburb of St. Paul, Minnesota, next year.
The development, called CityPlace, is unfolding east of the Twin Cities in Woodbury, Minnesota, and will feature a Whole Foods Market and a 116-room Residence Inn by Marriott.
The co-developers of CityPlace are Elion Partners and Bloomington, Minnesota-based Kraus-Anderson Realty Co.
The 100-acre site of CityPlace is a former office campus for State Farm Insurance. The insurer vacated the Woodbury location in 2006.
Elion Partners and Kraus-Anderson bought the land in 2014 from a real estate company called Wellington Management that had failed to advance its own mixed-use project there.
The roster of current and committed retail tenants at CityPlace includes Nordstrom Rack, La-Z-Boy Home Furnishings, Sur La Table, Verizon Wireless, Bank of America, Mattress Firm, Caribou Coffee and Einstein Bagels. [Woodbury Bulletin] — Mike Seemuth