The Star Tribune is about to close the doors on its nearly 100-year-old building, a physical transition and a psychological shift for Minnesota's largest media company.
All the Star Tribune's employees except its news staff will leave the limestone-and-granite building at 425 Portland Av. S. for the last time Friday afternoon. On Monday, they will return to work in new space at 650 3rd Av. S. in the Capella Tower complex. The complex is one of the largest office spaces in downtown, with a 58-story tower topped by a halo-like crown and a 20-story building that will be relabeled as the Star Tribune Building.
"I'm loving the move. I haven't been here long enough to be nostalgic — only 15 years," Genny Smith, who works in advertising finance, said Thursday as she packed up her workspace. "But change is a fact of life, and I think it shows we are still strong."
The 250-person newsroom will move next weekend. The paper of Monday, March 30, will be the first produced in the new space.
"It's like selling the family home," said Rochelle Olson, a reporter. "But the family's still together, and we now know we're going to a place that is sleeker, brighter and more comfortable."
It is the next milestone for a media company that sold its land and then itself in the last 18 months. The Star Tribune's sale of five city blocks in November 2013 triggered the Downtown East redevelopment. The $38.5 million land sale helped pay off the Star Tribune's remaining debt. Not long after that, the company was purchased by Mankato billionaire Glen Taylor.
"The move made tremendous financial sense," said Mike Klingensmith, publisher of the Star Tribune. "Our land was a significant asset, so we had to realize that."
With the move, the Star Tribune joins a growing number of papers across the country to downsize from outdated, signature buildings while modernizing their workspace in the process. The New York Times moved to a new building in 2007 and the Wall Street Journal did in 2009. In 2013, the Des Moines Register and Miami Herald left buildings that were landmarks in their cities.