The long-troubled Block E development in downtown Minneapolis officially has a new owner, but the man who hopes to turn its fortunes around says it’s too soon to reveal any details about where he hopes to take it.
Twin Cities developer Bob Lux and his commercial real estate development firm, Alatus LLC, inked the deal to purchase the entertainment complex late Friday from Union Labor Life Insurance Co., based in Washington, D.C.
“Times have changed for Block E,” Lux said Saturday. “The area’s ripe right now, and we’re really excited about doing it right this time.”
The group that bought Block E owns several properties in downtown already. I hope they realize that nothing will change unless they add some unique shops & restaurants to the location. If I want to go to TGIF or Borders, I’ll head to Rosedale, not downtown.
