May 26th, 2012MOA Makeover Finally Making Progress
Bloomington, MN - For two decades, the Mall of America has contemplated its much-anticipated second act.
But a tough economy has caused mall officials to scale back on some ambitious ideas that have been floated over the years. Instead, new development has occurred in smaller steps — including an Ikea store in 2004, and an upscale Radisson Blu hotel that is now taking shape on the Bloomington megamall’s southern flank.
What’s next? Mall owner Triple Five Group has opted for a second hotel, a medical office featuring a Mayo Clinic wellness outpost, more shops and restaurants, and underground parking. Tangible steps have been taken in recent months to make the $220 million to $225 million expansion at the nation’s biggest shopping mall a reality. That includes the reconstruction of a critical feeder street, Lindau Lane, and the naming of Minneapolis-based Ryan Companies as the project’s co-developer.
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