After 21 years in the IDS Center, The Gap and Gap Kids stores will be leaving their high-profile spaces downtown.
The stores’ closing at the end of July is part of the company’s decision to close 175 stores across the country. Andrea Christenson, the office tower’s retail broker, said she is in active negotiations with a national tenant to fill the 14,246-fquare-foot space.
“It’s the best space downtown for retail,” she said. “We’re not going to have any trouble leasing that space.”
Though it’s owned by the same parent company, Banana Republic in the IDS Center will stay, she said.
Despite the closing, downtown retail is on an upswing, with big retailers like Sports Authority, Saks Off Fifth and Walgreens opening soon. Christenson said in a statement that they expect Nicollet Mall to be fully leased by the end of 2017.