A San Francisco developer is negotiating to buy the empty Macy’s building in downtown St. Paul.
City Center Realty Partners hasn’t yet closed on the deal but has a purchase agreement after submitting a bid to Macy’s that was higher than a $3.2 million offer from the St. Paul Port Authority, says the Pioneer Press in a story today.
In an earlier story Wednesday, the Star Tribune said emails it had requested show that it’s still unclear how the developer plans to do with the property.
The five-story building, built as a Dayton’s store in 1963 in a fortress-like mode, has been empty since the Macy’s store closed this spring.
The Strib said that in an email she wrote a few weeks ago:
St. Paul Planning and Economic Development Director Cecile Bedor said the city hoped for a mixed-use development that could include housing.
Yet officials feared the worst: a “Burlington Coat Factory”-type of retailer, according to one e-mail.”