50-Year-Old Rosedale Center Plans Major Redevelopment

Roseville, Minn. — Fifty years after it first opened, Rosedale Center plans to significantly expand the center by redeveloping a part of the property to create new housing, a hotel, a grocery store and other new retail space. JLL, Rosedale’s management team, will soon submit formal plans to the City of Roseville, Minn., to begin the process of review and permits for the proposed expansion. The company hopes to begin initial construction work next year on what will be a phased project.

“Rosedale Center is a very successful shopping and retail center because it has continued to grow, evolve and change,” says Lisa Crain, JLL’s Rosedale senior general manager. “Our vision and these exciting plans build on this success by transforming Rosedale into a place to live, work, eat as well as shop for even more things than you can today. Not only are we celebrating our 50th anniversary, we are also incredibly excited about the future and making sure this continues be a destination for the region.”

JLL Rosedale’s plan will redevelop the former Herberger’s department store and the surrounding space on the center’s south side. Click here to access renderings of the proposed plans. The expansion project is designed to create a mixed-use, urban-style center that will include multifamily residential units, new open-air retail space that may include a new grocer, a variety of restaurants, fitness users, boutique retailers and co-working space, a potential new hotel, medical office building and outdoor community event space.

The project will be privately financed and built in phases. The mall’s leadership team is working with different retail partners for the hotel, housing, grocery store and other new elements and will release additional information as the process moves forward. JLL hopes to be able to begin initial construction work in 2020.

Rosedale Center is centrally located between the Twin Cities of Minneapolis and St. Paul. Rosedale Center is a more than 1.2 million-square-foot shopping center featuring 160 retailers including AMC Theatres, JCPenney, Macy’s, Rose & Loon and Von Maur. For more information, visit www.rosedalecenter.com.

JLL is a leading professional services firm that specializes in real estate and investment management. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and global workforce of 83,500 as of March 31, 2018. For more information, visit www.ir.jll.com.

 

SOURCE: Rosedale Center

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