Midtown Exchange

A piece of Minneapolis history comes alive again
Built in 1928 as a massive retail and distribution center for Sears, this art deco monolith sat vacant from its closing in 1994. The City of Minneapolis acquired the property in 2001 after previous attempts to convert the site fell through. In 2004, Ryan was awarded the development rights to convert the former Sears site into a vital, mixed-use development in the heart of Minneapolis' Midtown district. 

418,000 square feet of office space in the development is occupied by Allina Hospitals and Clinics, the largest non-profit health care provider in Minnesota. A public market and business incubator called the Midtown Global Market, developed by a consortium of non-profits led by the Neighborhood Development Center, occupies 71,000 square feet alongside 12,000 square feet of additional retail/service space.

Sherman Associates and Project for Pride in Living developed more than 219 affordable and market rate apartments and more than 88 condominiums occupying 11 floors of the historic building, as well as 57 townhomes and flats in buildings lining the outside of the project's parking ramp. A 136-room, full-service on-site Sheraton® Hotel is also a part of Midtown Exchange. Connected by walkways to the already existing Abbott Northwestern Hospital, the hotel primarily serves hospital visitors, patients and their families as well as a host of corporate guests.