Penn & American — the multi-phase, retail and residential project at the intersection of Penn Avenue and American Boulevard in Bloomington, Minn. — recently announced leases with three tenants for the second phase of the development: Home2 Suites by Hilton, Fresh Thyme Farmers Market and Red Robin Gourmet Burgers.
United Properties will continue to partner with StuartCo on the development. The second phase of Penn & American will be located at 8001 Penn Ave. S., just north of the first phase, and will total about 120,000 square feet. Construction will kick off with a Sept. 10 ground-breaking and be complete by the fall of 2015.
Home2 Suites by Hilton is an all-suite extended stay hotel; this will be the hotel concept’s first location in the Minneapolis/St. Paul market. Once complete, the 107-room, 68,000-square-foot four-story hotel will be sold to Lion Hotel Group.
Fresh Thyme Farmers Market also will establish its first location in the market with a 28,600-square-foot store at Penn & American.
Red Robin Gourmet Burgers, a casual dining restaurant chain, will operate a 6,900-square-foot restaurant.
RJM Construction has been selected as the general contractor for the retail portion of phase two of Penn & American. Weis Builders will be the general contractor for the hotel’s construction. Other project partners include the City of Bloomington’s Housing Redevelopment Authority, ESG Architects, Kimley-Horn and Associates, Tushie Montgomery Architects and owners representative Cushman & Wakefield|NorthMarq.
Approximately 10,000 square feet remains available in the second phase of Penn & American. The first phase, completed in 2012, includes Genesee Apartments & Townhomes, Moe’s Southwest Grill, Which Wich and other retailers.