Weekly Business Roundup, 9/6 – 9/12

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Your business week, 9/6 – 9/12

Minneapolis

The Stable, a consumer brands agency, is expanding to Seattle.

  • Swap: This is while Seattle-based Amazon is looking to expand to a new city for their second headquarters, and Minneapolis is a potential.
  • Well, the Twin Cities fit Amazon’s criteria for HQ2 at least.
  • We’ll have more on that soon.

The U of M is looking to raise $4 billion in a fundraising campaign.

  • The money will bolster student financial aid, research in areas like clean water, robotics, neurosciences, addiction, and aging, as well support new and existing faculty positions, and a laundry list of other needs.
  • $4 billion is lot of scratch. Good thing they’ve already hit the halfway mark ($2.5 billion, or 63%): The campaign has actually been going on since 2011, this is just the first time they’ve told anyone.

Chopping block: Italian restaurant Butcher’s Block is now closed.

St. Paul

Downtown St. Paul’s riverfront development deal drowns.

  • Cardon, a Phoenix-based developer, wanted to build three towers for $225 million that included retail, office space, hotel, and housing.
  • The company wanted more money from the country, which already spent $17 million (what was supposed to be $11 million) tearing down existing buildings, for a parking ramp along the bluff.
  • Ramsey County said no. The St. Paul riverfront, along Kellogg between Market and Wabasha Streets, will remain empty for the time being.

Good news! The Lexington’s long-awaited rooftop patio is now open to celebrate the remaining days of warm weather.

  • The menu is Polynesian-themed drink menu (Chef Jack Riebel has a close connection with Hawaii) is loaded with lethally-potent tiki drinks.
  • The small menu of bar snacks includes Crab Rangoon, some truly tender chicken skewers doing the Thai peanut thing, and an amazing kimchi grilled cheese sandwich.
  • Yes, we tried everything. And then got seconds.

Metro

Best Buy saying goodbye to two metro stores:

  • Inver Grove Heights (open since 1974) and one of two stores in Blaine (open since 2007) will be no more come late October.

Baja Sol Tortilla Grill, a (at least we thought) popular Mexican restaurant chain, known for fast-casual, more lunchtime focused dining, has quietly closed all of its restaurants.

  • There were 7 metro locations: In downtown Minneapolis, downtown St. Paul, Eden Prairie, Edina, Northeast Minneapolis, Roseville, and St. Louis Park.
  • The surprisingly robust salsa bar will be missed most.

Beyond

The latest iPhone, the iPhone X, has been unveiled.