The Wild will lease space for a rink and training facility at the former Macy's building in downtown St. Paul.
The team and developers announced Thursday that the Wild was the first tenant to sign a lease at the building that is in the midst of a massive overhaul.
"We feel this is an exciting moment, not just for the Minnesota Wild, but for the city of St. Paul and for the entire state of hockey to now have an arena in a multiuse facility here," said Jamie Spencer, a vice president with the Wild.
Developers expect to open the practice facility and rink this fall. Some of the team's practices will be open to the public, Spencer said.
The Wild will use the ice rink only about 5 percent of the time, said Lee Krueger, president of the St. Paul Port Authority, which is teaming up with Hempel Cos. on the redevelopment project.
The rink will also be available year-round for local teams, figure skaters and groups to rent.
The Wild's training facility and practice space is a key piece of the overhaul of the building, which covers an entire block in downtown at Wabasha and 6th streets.
Wild officials will have offices and training space in the basement of the building and will use private elevators to get to the rink, which will be enclosed in glass and located on the top level of the building.