Minneapolis / St. Paul Business Journal by John Vomhof Jr., Staff reporter/broadcaster
Date: Wednesday, October 19, 2011
Design firm Shea Inc., best known for its restaurant architecture, is moving its corporate headquarters to the long-vacant former Shinders building at the intersection of Hennepin Avenue and Eighth Street in downtown Minneapolis.
The company has signed a 10-year lease with landlord Zel-Wel LLC and plans to move into the space by July. It will occupy about 8,000 square feet of the two-story building — a small portion of the first floor and all of the second floor.
Shea, which was founded in 1978, has officed at Butler Square for the past 20 years.
"We have always believed that Hennepin Avenue is a prime downtown location with great visibility, good demographics and proximity to all the area's offerings," Shea Inc. founder and principal David Shea said in a statement. "After helping to position so many of our clients here, we're really excited to put ourselves right in the mix."
Meanwhile, talks are ongoing for a restaurant tenant to lease the majority of the first floor and the rooftop, as well as a lower level. A deal has not yet been finalized, though.
Welsh Construction .Welsh Construction Latest from The Business Journals NAIOP Minnesota announces 2010 awardsLifetime AchievementWelsh Construction builds new Minnetonka HQ Follow this company ., a unit of Minnetonka-based Welsh Cos. .Welsh Cos. Latest from The Business Journals New eateries revive Hennepin Ave.Welsh Cos. picks up the Colliers nameWelsh brokerage to become to Colliers Aug 1. Follow this company ., will begin work in early 2012 on the redevelopment of the 64-year-old building, which has been shuttered since 2007. Shea will handle the architecture and interior design for the project.
The original stone on the exterior and the terrazzo floors inside will be restored, but the rest of the building will receive a major overhaul, including the installation of new windows and stripping the exterior of dated elements remaining from the Shinders store and a former Burger King restaurant.
by Eric Roper, Star Tribune
The long-vacant storefront of Shinders historic bookstore on Hennepin Avenue will soon be home to a prominent Minneapolis design firm and possibly a restaurant.
Shea, Inc. announced Wednesday that they just signed a 10-year lease for the space on 8th and Hennepin, which has been closed since 2007. The remaining artifacts from the 91-year-old bookstore were recently auctioned off.
Shea's services range from architecture to interior and graphic design. They have a hand in a multitude of current and past projects along Hennepin Ave.
The company will move their headquarters to the building in July 2012, occupying part of the first floor and all of the second floor. A news release states that there is a "potential restaurant tenant on the lower level."
The exterior stone and interior terrazzo floors will be restored, but Shea plans to "overhaul" the rest of the building.
The move into Shinders represents yet another development on Hennepin Ave., which is undergoing a major transformation. Downtown leaders hope to eventually transform it into an arts corridor.
“The businesses that are taking a chance on Hennepin just encourage more businesses to do the same, which creates more density and a vibrant downtown scene," councilmember Lisa Goodman said in a statement.
"Shea has been instrumental in helping to shape that scene and I love that they are walking the talk and not just designing spaces, but putting themselves and their employees in the middle of the excitement and helping to fulfill the vision for a changing and entertainment-focused Hennepin.
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