Star Tribune moving into Capella Tower next year

Categories: Media
parkbuilding.jpg
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The Strib will move into the Park Building (to be renamed the "Star Tribune Building"), seen in the foreground of this picture.
This afternoon, Star Tribune publisher Mike Klingensmith sent staff an email confirming that the paper has agreed to move into the Capella Tower by mid-2015.

The paper recently agreed to sell its current property to developer Ryan Cos. for $30.8 million in order to make way for all the redevelopment going on around the new Vikings stadium, necessitating a relocation.

See also:
Vikings stadium design: Top 10 tweets


Here's Klingensmith's email, which was forwarded to us by a Star Tribune source:
To All Star Tribune Staff,

I'm very happy to report that the Star Tribune has selected a new location for our Portland Avenue operations: the Park Building at 650 Third Avenue South in downtown Minneapolis which is part of the Capella Tower. I'm equally excited to announce that when we move in, the Park Building will be renamed "The Star Tribune Building," providing our strong brand with another high-profile presence in the heart of the city. We signed a lease agreement with the building's owner yesterday. The expected timeline would have us moving to the new Star Tribune Building by mid-2015.

This is a first-class property that offers the best combination of features and amenities for all of our employees. First and foremost, we will be able to house our newsroom on a single floor. We will also have an exciting opportunity to create a street-level presence for our brand downtown. The building also offers other advantages, such as its familiar Downtown East location, proximity to city and county government offices and skyway connections. And yes, it will have workout facilities and bike lockers.

Rarely does a news organization have an opportunity to rethink its workspace from the ground up. The prospect of designing a space suited to the unique needs of a 21st-century media organization is exciting for all of us and I'm delighted that we have such a strong team in place to make the Star Tribune Building a reality. Watch for more communication about this in the days ahead.

Mike Klingensmith
striboffice.jpg
"This is a visual that shows our new space on floors 11 through 13 of the new Star Tribune Building," Klingensmith wrote.

Fancy new digs and a rich new owner -- who says print media is dying?

-- Follow Aaron Rupar on Twitter at @atrupar. Got a tip? Drop him a line at arupar@citypages.com.


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9 comments
DrBusybody
DrBusybody

Originally it was the IBM/Park Building, and IBM had nearly the entire building.  Then they greatly cut back and had only three floors and no longer wanted to pay to have their name on the building.

jeffpesek
jeffpesek

"Fancy new digs and a rich new owner -- who says print media is dying?"

Neither of which indicate that the business is healthy. 

Truth_Teller_1
Truth_Teller_1 topcommenter

Maybe the content of the Red Star will improve?  

Pete Locke
Pete Locke

People still read physical newspapers? Bwa.....hahahahahah

Robin Hanson
Robin Hanson

I have a subscription so they should name it "Robin Hanson Tower"...

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