Construction on the new office tower planned for downtown Duluth will not begin until next year, the News Tribune reports. That's about a year later than initially expected.
The city’s director of business and economic development told the newspaper that demolition of the building currently on the site may not happen until this fall. It was originally targeted for last winter or this spring.
Sixty percent of the new tower will become the new national headquarters of Maurices. The Duluth-based women’s clothing retailer is investing $30 million in the project. The building also received $8.5 million from a pot of $47.5 million in state economic development grants last year.
Twin Cities Business says the company's profits were up nearly 25 percent in its first quarter that ended in January. Fiscal 2012 profits totaled nearly $103 million.