The move is just the third in the 100-year history of the Pohlad-owner developer
United Properties announced Thursday that it’s planning to move its headquarters from Bloomington to Nicollet Mall early next year.
The relocation will be just the third move for the century-old company, which is now owned by the Pohlad family who also own the Minnesota Twins.
The company will move from the Northland Center just outside Minneapolis into the majority of one floor of Gaviidae Common. United Properties purchased the building’s first two floors last year and the third and fourth floors in June. It plans to rebrand the building as 7th & Nic and seek other office tenants for the remaining space.
“As we look forward to our 101st year and beyond, we’re excited about the opportunity our new downtown location will bring,” co-president Bill Katter said in a statement. “Like the needs of the clients we serve, our own space needs changing. Our move downtown will allow us to reinvent the space we occupy and provide inspiring new opportunities for our growing team.”
The new home will bring the developer closer to several of its high-profile projects, including the Gateway tower on the Nicollet Hotel Block. Proposed for a surface parking lot on the north end of Nicollet Mall, the 35-story tower is expected to include a Four Seasons hotel and luxury apartments, according to plans released in the spring.
United Properties is also part of the development team that submitted preliminary plans to redevelop the city-owned Upper Harbor Terminal site in North Minneapolis into housing, office and park spaces.
The relocation will also bring the company closer to RBC Plaza where Pohlad Cos. is located. The Pohlads acquired United Properties in 1998. The Hamm family, the owners of Hamm’s Brewing Company, formed the company in 1916 in downtown St. Paul.