Ex-Cheerios plant in northeast Minneapolis to be redeveloped into $16 million office complex
Hillcrest Development will retain a nine-story tower at the site.
June 10, 2021 — 8:39am
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Hillcrest bought the 107-year old factory, which includes a nine-story tower, in 2019 for $2.1 million.
The structure, renamed the Highlight Tower, sits next to the former Minneapolis school board headquarters building Hillcrest bought in 2015 and redeveloped into offices now known as Highlight Center.
Together the two developments will form a commercial campus with 250,000 square feet in the middle of a bustling district known for art, craft breweries, coffee roasters, restaurants and the site of several future multihousing developments, said Hillcrest Managing Partner Scott Tankenoff.