Andover
Real Estate
Lenders trying to foreclose on the once-heralded Dayton's Project
The developer that turned the old downtown Dayton's department store into a massive office and retail complex is in jeopardy of losing the building as its lender attempts to foreclose on the property. Why it matter: The $350 million redevelopment on Nicollet Mall was once the most exciting project in the city, but its struggles over the past five years have left the building mostly empty. State of play: A Hennepin County judge on Sept. 23 put The Dayton's Project in receivership, stripping away management and operations from owner 601W Cos. of New York, according to court documents...
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