The former Cheapo Uptown store will become a Target

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So that's what's taking over the old Cheapo space in Uptown.

The identity of the retailer moving into the space in the Minneapolis neighborhood has been revealed: It's Target.

Target confirmed to BringMeTheNews it intends to open the new store in October 2017. It will be the third of its smaller stores in the Twin Cities metro area, with the others in Dinkytown and St. Paul's Highland Park.

Cheapo moved to nearby Eat Street last summer to make way for the rebuild.

The 21,400-square-foot space will sell a mixture of men's and women's apparel, home goods "catering to apartment and condo dwellers," a pharmacy, baby items, beauty and personal care goods and groceries including its "healthy food options."

The Star Tribune reports the Minneapolis-based retailer will anchor a new office and apartment development on the site.

Who would fill the space vacated by the popular record shop has been the subject of much speculation following its exit, with the Business Journal putting Target at the top of its list.

It also suggested Trader Joe's, Whole Foods and Wal-Mart were other possibilities.

Cheapo's exit from Uptown was considered the latest sign of the continuing transformation in the Uptown area, with BringMeTheNews' now sister company GO 96.3 writing last year it looked increasingly out of place amid the upmarket retailers and "Ikea-shaped condo buildings with rooftop hot tubs."

But it also noted the store is now competing at a time when the way fans consume their music has undergone massive transformation, with many now preferring the instant gratification of online music consumption rather than taking the time to walk the aisles in a record store.

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