Fridley Market renovation will finish in September

Westmont, Ill. — Tri-Land Properties has announced that it expects to complete a $21 million renovation of its 20-acre Fridley Market community center by September. Fridley Market is located at the intersection of I-694 and University Avenue, the main north/south spine through Minneapolis-St. Paul.

The renovation of the 165,000-sq.-ft. center includes building, infrastructure, lighting and pavement improvements as well as new construction.

Tri-Land engaged longtime tenants Cub Foods and Fridley Liquor Store early in the process by negotiating new long term leases, updating layouts and renovating their spaces. Cub Foods downsized its former 104,000-sq.-ft. space to a new 65,000-sq.-ft. store.

New tenants at the project include Great Clips, a new free standing McDonald’s and a 15,000-sq.-ft. restaurant anchor, Teppanyaki Grill. With the reconfiguring of space, Tri-Land was also able to add two new 10,000-sq.-ft. out parcels and 60,000 sq. ft. of additional junior anchor space constructed between Fridley Liquors and Cub Foods.

Plans for the next phase of Fridley Market are already in place. Tri-Land Properties controls an additional 2.5-acre contiguous parcel on the southern border of the site, and plans to build either 30,000 sq. ft. of additional retail or a limited service hotel, which has already received approval.

Recommended stories

Login or Register to post a comment.