In the next few years, the Midtown Global Market will add an ancient grains culinary center, a professional Indigenous kitchen and training center, and a beauty node for a new nail salon, hair salon and barbershop.
It's all part of a renovation plan to make the market — in many ways the epicenter of Lake Street's vibrant and diverse entrepreneurial scene — a viable operation for another 15 years.
Like the Lake Street commercial thoroughfare as a whole, the market has been greatly affected by COVID-19 and the riots following the murder of George Floyd. The market inside the Midtown Exchange building is still only operating at 50% capacity and has lost several tenants.
The renovation projects, when completed, will help drive traffic at the market "so that we can get back to sustainability and businesses can get those sales back to where they're more profitable," said Renay Dossman, president of Neighborhood Development Center, which owns the market with the Cultural Wellness Center.
"We're not giving up," Dossman said. "We are going to try everything in our power. We believe in that community. We believe in the resiliency and the spirit of that community."
Several business and property owners have announced multimillion-dollar renovation projects in the past six months to rebuild the economic corridor in south Minneapolis severely damaged in the aftermath of Floyd's murder.
It will cost an estimated $250 million to restore Lake Street, according to the Lake Street Council. However, the several multimillion-dollar projects will make the area even more diverse than before the pandemic and riots, stakeholders say. They combine restaurants, economic and workforce development elements, cultural amenities and even housing.
For example, the 14,000-square-foot Center for Peace and Social Justice planned for 27th and Lake streets will house a rebuilt Gandhi Mahal Indian restaurant with a theater, co-working and incubation space, a food bank and public plaza.