Publisher and CEO Mike Klingensmith said in a statement the move to the 56-story Capella Tower will happen in mid-2015 prior to the demolition of the Star Tribune's longtime headquarters at 425 Portland Avenue South, which is coming down as part of the Downtown East redevelopment effort around the new Minnesota Vikings stadium.
Around 600 newsroom, sales and marketing, circulation, digital, finance, human resources, and IT employees will be making the move to three floors of a 20-story portion of the tower known as the Park Building at 650 Third Avenue South.
The entire complex will be renamed the Star Tribune Tower under a "comprehensive agreement" with owner ASB Real Estate Investments.
“Rarely does a news organization encounter an opportunity to rethink its workspace from the ground up,” Klingensmith said. “Today, Star Tribune fields the largest newsgathering force in the upper Midwest, reporting around the clock on the stories that matter to Minnesotans. The prospect of designing a space suited to the unique needs of a 21st-century media organization is exciting to all of us.”
The newsroom will occupy a single floor of the new space.
The Star Tribune recently sold its headquarters since 1919 to developer Ryan Companies, which is carrying out a $400 million mixed-use development around the new Vikings stadium. Ryan is also the property manager for the Capella Tower.