National property development firm Oppidan Investment Company’s Excelsior Marketplace retail development in Excelsior, Minnesota, is nearing completion.
Excelsior Marketplace is a retail and office development located on the former Mason Motors, Inc. site at Water and George Streets in downtown Excelsior.
Last fall, Oppidan announced that a Kowalski’s Market grocery store would be built on the site, along with a 20,000-square-foot retail and office building that will face the new Kowalski’s. With construction nearing completion, Kowalski’s Market plans to open in mid-summer.
In addition, Oppidan plans to move its corporate offices to the upper level of the retail and office building in mid-July. Miyabi Japanese and Asian Bistro and M the Art of Hair hair salon, located on street level, plan to open in early and late summer, respectively.
“It’s exciting to see the progress being made at Excelsior Marketplace and to realize that the end of construction is near. The Mason Motors site was full of potential when we purchased it, and it’s incredibly rewarding to see our vision coming to fruition,” said Joe Ryan, president of Oppidan. “I think Excelsior residents will be very pleased with the additional amenities that will soon be available to them.”
Oppidan purchased the former Mason Motors, Inc. building and adjacent property in 2012. In early 2013, Steele Fitness became the first tenant on the site. It was joined by College Nannies + Tutors, SportClips and, most recently, YogaFit. That 8,744-square-foot building remains fully occupied. Oppidan continues to seek three additional tenants for about 4,000-square feet of remaining retail space in its retail and office building.