Big boxes · Minnesota
Loffler Companies
Completed office retrofit of former Sam’s Club, $1,439 median rent, near Knollwood Mall and other reinhabited sites. · summary, model-written
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Site profile4 elements · what this retrofit is built with · tap a chip for the evidence
3+ other atlas sites within 10 km
This site: 13 within 10 km computed · all sites with thisCounty lost 10%+ of retail establishments since 2012
This site: -12% census-cbp · all sites with thisReinhabited
This site: record · all sites with thisOffice
This site: …new_use field record · all sites with thisNow
| Status | Retrofit builtnewtypes-extraction reported |
|---|---|
| Strategy | ReinhabitedWikipedia no source |
| New uses | officeWikipedia no source |
Site context
| Housing permits, Hennepin County (MN), 2024 | 1,739 units in 5+ unit buildings, 126 in 2–4, 2,054 single-family; 2023: 3,772 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 13 within 10 km, 27 within 25 km: Knollwood Mall (2.5 km); Former JCPenney building (6.4 km); Homewood Suites by Hilton (6.4 km); Boston Scientific campus (7.0 km); Block E (7.3 km)computed |
| Retail trade in the county, 2025 (BLS QCEW) | 65,774 jobs in 3,548 establishments; average annual pay $47,428; employment location quotient 0.72; employment -2.5% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 1,065 jobs; 140 in retail trade, 51 in accommodation and food (workplace blocks summed to tract 27053022700)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 47th income percentile as adults; -0.5% incarcerated at the 2010 count (259 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | not a low-access tract at 1 mile; poverty rate 4.4%; median family income $90,208; 40 SNAP householdsUSDA ERS |
| Schools | St. Louis Park Public School District (PK-12); 12 public schools within 1 mile: 283-ST. LOUIS PARK ALC; 283 ST LOUIS PK INDEPENDENT STUDY; 283-IND STDY 15 AND UNDER - I.S.; TRANSITION PLUSNCES EDGE |
| Elevation | 896 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 308 county-logged events: 139 thunderstorm wind, 122 hail, 25 heavy rain, 16 flash flood; $18,687,200 property damage reported; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 55416, 2026-09 | median list price $410,000 (+8.2% on the year); 147 active listings; median 43 days on market; 27% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 3,714 establishments (-12%); 74,922 jobs (+1%)Census CBP |
| Housing market in the county | typical home value $386,707 (+1% 1 yr, +8% 5 yr); typical rent $1,784/mo (+4% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 15,054 vehicles a day on Minnetonka Blvd (minor arterial, 4 lanes); 6 counted segmentsFHWA HPMS |
Summary, model-written
Former Sam’s Club (big-box) at Loffler Companies site in St. Louis Park, MN, retrofitted to office use and completed. Original use: Sam’s Club. New use: Office. Status: Built. Median rent: $1,439.
Why. Retrofit already built (opp_score 0.0). Nearby: Knollwood Mall (2.5km, operating), Homewood Suites (6.4km, built), and proposed Boston Scientific campus (7.0km). Housing ZHVI: $386,707 (2026-09). Retail establishments declined 11.8% (2012–2023), but employment stable.
Where it stands. No active development (built). Peers include Warehouse District (Minneapolis, 8km) and Minneapolis City Center (7km), both reinhabited office conversions. Traffic: Minnetonka Blvd (minor arterial, 4 lanes, 15,054 ADT).
For a planner
- Nearby retail cluster (Knollwood Mall) and office peers (Warehouse District) suggest alignment with regional office demand. Retail decline noted but not directly impacting this site.
For a developer
- Completed retrofit with $1,439 median rent. No new construction needed; existing office conversion matches peer market. Nearby proposed developments (Boston Scientific) may support demand.
What we do not know yet
- No data on current occupancy or tenant mix. Traffic volume (15,054 ADT) not contextualized against regional benchmarks. No details on lease terms or vacancy rates.
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Similar sites
- Warehouse District, Minneapolis, MN · Industrial sites · same strategy: reinhabit; also in MN; 8 km away
- Mankato Place Mall, Mankato, MN · Malls · same strategy: reinhabit; also in MN
- Madison East Mall, Mankato, MN · Malls · same strategy: reinhabit; also in MN
- Bandana Square, Saint Paul, MN · Malls · same strategy: reinhabit; also in MN; 16 km away
Elsewhere on the web
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- retrofit already built
- median rent $1,439
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| County | Hennepin County |
|---|---|
| Census division | 4 · West North Central |
| Notes | Draft from gensler.com, model-extracted, unreviewed: Loffler Companies now occupies a reimagined former Sam’s Club in St. Louis Park, Minnesota, transforming it into a high-performing workplace. |
Not yet recorded: acres, GLA, year opened, original developer, what is there now, retrofit year. Know it? Tell us.
Sources
- 5 'Out of the Box' Strategies for the Retail Real Estate Market - Gensler
1 quoted sentence
Loffler Companies