A redevelopment project being considered in St. Paul could transform the large parking lots surrounding the Sears store near the State Capitol, the Pioneer Press reports.
A spokesman for Illinois-based Sears Holding Corp. told the newspaper that they're in "the early stages of discussion regarding a project on the Rice Street property that will continue to have a Sears store presence." He said the company "will have additional information to share in the coming weeks."
"We don't have anything that has been formally submitted," City Planning and Economic Development Director Cecile Bedor told the Pioneer Press. "Sears has identified about 10 sites across the country that they believe are ripe for redevelopment, and this is one of them. And when I say redevelopment, they mean keeping the store. This is a good site for them."
The current redevelopment plan includes building 111,000 square-feet of retail space, a four-story office building, 121 apartments, 18 town homes and a parking garage, the Business Journal reports.
Last week, Ohio-based Macy's confirmed its landmark downtown St. Paul department store is closing.