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Axios Twin Cities

Why it matters: Axios Twin Cities, anchored by Torey Van Oot and Nick Halter, is here to help readers get smarter, faster on the most consequential news and developments unfolding in their own backyard

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Audrey Kennedy
17 hours ago - Axios Twin Cities

Wind chime installation returns to Minneapolis Sculpture Garden

"Wind Chime (after 'Dream')" installation. Photo: Audrey Kennedy/Axios

Heading to the Minneapolis Sculpture Garden? Listen closely and look up.

  • The beloved "Wind Chime (after 'Dream')" installation has returned to the garden's linden tree.
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Nick Halter, author of Twin Cities
17 hours ago - Axios Twin Cities

Dayton's Project developer asks judge to block auction

The Dayton's Project still hasn't opened to the public. Image courtesy of The Dayton's Project

A pair of New York companies are battling for control of the iconic former Dayton's department store in downtown Minneapolis, and it could all come to a head next month.

What's new: Monarch Alternative Capital is attempting to auction developer 601W Cos.' controlling stake in the massive Nicollet Mall building, tentatively on Aug. 23.

  • Monarch, which bought a $78 million loan on the building during the pandemic, said in court filings that 601W has not met benchmarks for leasing the space.
  • 601W said that meeting the benchmarks has been impossible due to COVID, and the developer is asking a Hennepin County judge to block the auction, according to the Minneapolis/St. Paul Business Journal.
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