For Saint Paul Downtown Alliance president Joe Spencer, TKDA’s plans to leave Minnesota’s capital city for the suburbs are heartbreaking, but not entirely surprising. In his view, it only reinforces the need to ramp up commercial-to-residential conversions in Saint Paul’s central business district.
Early last month, the engineering and architecture firm announced that it will relocate from its longtime home in downtown Saint Paul to a new 87,000-square-foot office in Bloomington in early 2025.
“We’ve known there’s this kind of shakeup coming in commercial real estate here for a while,” Spencer said. “That’s one of the reasons why we are getting ahead of things with our Downtown Investment Strategy,” which was released in March.
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