Maurices is Anchor Tenant in New Duluth Business Tower
Posted at: 09/13/2012 6:09 PM
| Updated at: 09/14/2012 10:35 AM
By: Paige Calhoun
Sources tell Eyewitness News that Maurices will be the anchor tenant of a new 15-story business tower to be built in downtown Duluth.
That project is now one step closer to reality after an $8.5 million grant was approved by Governor Dayton Thursday.
"Now with that support we can say with confidence that the Duluth Corporate Tower is now a reality," said Duluth Mayor Don Ness.
Plans for the Duluth Corporate Tower were unveiled back in June. The plan consists of 300,000 square feet of office space along with an adjacent parking ramp that will replace the former KDLH-TV building downtown.
"This project will anchor the western end of our downtown, transform our skyline, and symbolize a tremendous commitment of the private sector and confidence in the city of Duluth," Ness said.
The city is partnering with the Atwater Group on the venture, and with the projects $80 million price tag, $60 millions is coming from private investments.
"I can speak until I'm blue in the face about a new sense of confidence in Duluth, that something special is happening at this time, but nothing speaks louder than $60 million dollars of private investment, it is proof positive that Duluth is on the move," Ness said.
As it's being built, Ness said the project will bring an average of 150 construction jobs. Once complete, Ness said the facility will being 200 permanent professional jobs.
Construction is slated to begin in spring of 2013.
The building is not completely leased at this time, but there are commitments for more than 70 percent of the space. A public party will be held late Friday morning as the anchor tenant, Maurices, is officially announced.