Skip to main content

Woodbury development deals move closer for State Farm campus, new Costco store

  • Author:
  • Updated:
    Original:

The Business Journal reports the 100-acre former State Farm campus has an interested buyer.

Elion Partners, based in Miami, has plans to redevelop the sprawling property strategically located on a hillside that overlooks the intersection of Interstate 94 and Radio Drive.

The Pioneer Press describes the sale as "tentative" and said the Florida company did not disclose the sale price or how long it has to buy the property before the contract expires. Elion hasn't submitted a formal development application but are expected to unveil their plan at the Woodbury Business Classic on Oct. 3.

The property, where 1500 employees once worked, has been empty since the insurance giant downsized seven years ago. Two previous development deals for the property fell through.

One of those deals was for a Costco store, but the deal collapsed because the property is not zoned for retail. Unnamed sources tell the Business Journal that Costco, which has long coveted a Woodbury location for one of its warehouse stories, has decided on a 60-acre parcel near Interstate 494 and Tamarack Road.

The Business Journal said that the company is not commenting on the reports and is still doing its due diligence on the site.

Next Up

kim crockett facebook sos

MN GOP endorses attorney general, secretary of state candidates

Kim Crockett was endorsed as the party's candidate for secretary of state, while Jim Schultz won the endorsement for attorney general.

FSmb9kkWAB0UBqk

Volunteer firefighter identified as man killed during Thursday storms

The Kandiyohi County Sheriff's Office confirmed that 63-year-old Ryan Erickson died when a grain bin fell on him.

Juan Ramos, standing outside of his Taco Chon Mexican Grill, in St. Cloud, Minnesota.

Firm takes on case defending Taco Chon against Taco John's lawsuit

The local Mexican restaurant is fighting a case presented by Taco John's over naming rights, among other things.

Screen Shot 2022-05-14 at 7.32.27 AM

Worker killed in skid loader accident was 23-year-old apprentice lineman

Minnesota Valley Electric Cooperative called the incident "the unthinkable."

Cascade River 1

Raging North Shore rivers overtake bridges, snap trees in half

Pedestrian bridges near the Lutsen Resort have been damaged by the vast river flow.

u.s. attorney's office

St. Paul man sentenced for 2021 robbery spree

Warren Dean, 27, admitted to robbing seven St. Paul businesses in a span of three days.

FSmfYf0WABgrNhI

Stevens County may have been hit the hardest by Thursday storms

The entire county was without power after the storms blew through Thursday evening.

State Patrol

3 killed, 1 critical after trio of crashes in Minnesota Thursday

One person also faces life-threatening injuries in a crash that happened in Olmsted County.

Screen Shot 2022-05-13 at 1.25.08 PM

Mora woman saves pelican caught in fishing line for days

A birthday fishing trip shapes into a heroic tale.

Kelsey Peterson in the documentary, "Move Me."

Doc depicting MN dancer's journey with paralysis debuts at Twin Cities film festival

The film surrounds St. Paul-born Kelsey Peterson, who continues to pursue her passions in dance after being paralyzed from the chest down in 2012.

Related