Shorenstein Properties LLC signed two new short-term retail leases at Minneapolis City Center, a 1.5-million-square-foot mixed-use property in downtown Minneapolis.
The short-term leases are part of efforts to expand amenities in downtown Minneapolis by creating a diverse retail community within Minneapolis City Center, which Shorenstein acquired last year.
The leases, each for retail space totaling 1,000 square feet, also represent the first “pop-up” retail stores within City Center. Pop-up retail is a relatively new phenomenon allowing retailers and entrepreneurs to open stores on shorter-term leases. Typically reserved in the past for seasonal retail ventures, the trend is expanding to allow retailers and artisans to test store concepts and locations.
The leases signed by Shorenstein are with The Elixery, an artisan cosmetic house producing hand-made cosmetics, and Indulge & Bloom, a floral design and gift store that has operated in Minneapolis for 15 years.
