https://www.bizjournals.com/twincities/ ... -room.html (unlocked)
The new facility in Dayton won't open until next year, but I'm curious which building(s), if any, in Minneapolis will be vacated. Didn't they invest somewhat recently in a building expansion or renovation here? (Edit: maybe not any major expansions since like 2001, but idk about renovations or other major investments that would keep them in Minneapolis vs. moving entirely).Graco Inc. will relocate at least 225 jobs, along with its Industrial Products and Process divisions, to a new facility in Dayton, Minn. The company says the expansion is needed because it's running out room at its headquarters in Minneapolis. The 225 jobs represent more than 25% of its Minneapolis-based workforce, which currently has about 800 employees at its facilities near Boom Island Park.
"The new land is about three times the size of the Minneapolis campus' footprint and will allow for future growth, too, according to Boyd. The 530,000-square-foot building we're planning will include manufacturing, engineering labs, demonstration labs and office space for our Industrial Products and Process divisions," Boyd said. "We currently have 660,000 square feet total in Minneapolis, spread across four buildings." The company would not comment when questioned about the status of its Minneapolis headquarters.
I don't know how full their parking lots get, but with 225 fewer employees coming here, I wonder if they'll sell off either of those large parking lots along Marshall for development. The one in the SE corner of their property seems most likely, as it's a full block and furthest from any of their buildings.
Simultaneously the Park Board is moving forward with construction of Graco Park and connections to Hall's Island (bottom of image).
Page: https://www.minneapolisparks.org/park_c ... velopment/
Plan: https://www.minneapolisparks.org/_asset ... rfirst.pdf