Dayton's Project Redevelopment
Sector: Commercial • Location: Minneapolis, Minnesota, United States
Source: Axios
The Dayton's Project is a $350 million redevelopment of the former Dayton's department store in downtown Minneapolis. The 1.2 million-square-foot property has struggled to attract tenants, reaching only 28% occupancy before losing its biggest tenant, EY, and the planned food hall was canceled. The project is facing foreclosure due to unpaid debts to Fortress Investment Group. The building has been
- Status
- Prospective
- Sector
- Commercial, Residential
- Location
- Minneapolis, Minnesota, United States of America
- Updated
- 22 Jul 2026
- Source
- Axios
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Project Information
Participants
| Not available for this record. |
Status
Original status | facing foreclosure |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Dayton's Project is a $350 million redevelopment of the former Dayton's department store in downtown Minneapolis. The 1.2 million-square-foot property has struggled to attract tenants, reaching only 28% occupancy before losing its biggest tenant, EY, and the planned food hall was canceled. The project is facing foreclosure due to unpaid debts to Fortress Investment Group. The building has been renovated with upgraded mechanicals, elevators, and tenant amenities, but much of the office space still requires build-out. There are challenges in converting the space to residential use due to the large floor sizes and historic tax credit restrictions. |
Original sector | Real Estate |
Budget |
Location
Country | United States of America (USA) |
State | Minnesota |
City | Minneapolis |
Source
Source | Axios |
URL |
More Details
Record type | Project |
Sector | Commercial, Residential |
Article published date | 2026-04-30 |
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