- Associated Press - Saturday, October 31, 2015

WOODBURY, Minn. (AP) - A large State Farm office complex in the eastern Twin Cities that has sat empty for years will soon be demolished.

Developers of the CityPlace project said Friday they couldn’t find tenants for the 400,000-square-foot building in Woodbury. They plan to replace it with office towers better suited for modern business needs, the Star Tribune (https://strib.mn/1k0caaE ) reported.

From the start, the project’s goal has been to bring daytime office jobs to CityPlace, said developer Juan DeAngulo of Elion Partners, the firm that’s transforming the sprawling property along Interstate 94.

“The office building was originally built 20 years ago to serve as a corporate campus for a large, single tenant. It will now be reconfigured to meet the demands of today’s office user,” DeAngulo said.

The CityPlace development, which extends to every corner of the 100-acre site surrounding the State Farm building, answers Woodbury’s hopes to restore tax revenue and vitality to land that has sat vacant since 2006.

“It’s a gateway site. I describe it as the best of suburban and urban,” Woodbury Mayor Mary Giuliani Stephens said Friday.

She said it’s the right time to raze the State Farm building because new office towers will mean more tax revenue for the city.

State Farm opened its Woodbury building in 1994 as a headquarters employing about 2,000. But 12 years later the company vacated the building and moved to Nebraska.

Demolition will begin immediately, DeAngulo said.


Information from: Star Tribune, https://www.startribune.com

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