Office parks · Minnesota
Boston Scientific campus
Proposed industrial redevelopment (273k sq ft) with low opportunity score due to existing market rents and 'already in play' status; 6 similar peer projects in MN. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.
Site profile5 elements · what this retrofit is built with · tap a chip for the evidence
Retrofit in the pipeline
This site: …proposed newtypes-extraction · all sites with this3+ other atlas sites within 10 km
This site: 5 within 10 km computed · all sites with thisCounty lost 10%+ of retail establishments since 2012
This site: -12% census-cbp · all sites with thisRedeveloped
This site: 273,000-square-foot industrial building record · all sites with thisLogistics and industrial
This site: 273,000-square-foot industrial building newtypes-extraction · all sites with thisNow
| Status | Retrofit proposednewtypes-extraction reported |
|---|---|
| Strategy | Redevelopment, proposedWikipedia no source |
| New uses | industrialWikipedia no source |
| What is there now | 273,000-square-foot industrial buildingnewtypes-extraction reported |
| Redeveloper | Endeavor Developmentnewtypes-extraction reported |
Site context
| Housing permits, Hennepin County (MN), 2024 | 1,739 units in 5+ unit buildings, 126 in 2–4, 2,054 single-family; 2023: 3,772 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 5 within 10 km, 21 within 25 km: Knollwood Mall (4.7 km); Former JCPenney building (5.3 km); Homewood Suites by Hilton (5.3 km); Loffler Companies (7.0 km); One Southdale Place (7.4 km)computed |
| Retail trade in the county, 2025 (BLS QCEW) | 65,774 jobs in 3,548 establishments; average annual pay $47,428; employment location quotient 0.72; employment -2.5% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 22,933 jobs; 42 in retail trade, 474 in accommodation and food (workplace blocks summed to tract 27053026104)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 48th income percentile as adults; -0.0% incarcerated at the 2010 count (191 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | low-income, low-access tract (1 mile urban / 10 miles rural); 99% of residents more than 1 mile from a supermarket; poverty rate 3.0%; median family income $58,586; 63 SNAP householdsUSDA ERS |
| Schools | Hopkins Public School District (PK-12); 8 public schools within 1 mile: W-ALT-IS; WEST EDUCATION CENTER ALTERNATIVE; 4122 - Eagle Ridge Academy - IS; ALC - W-ALT - EYNCES EDGE |
| Elevation | 909 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 308 county-logged events: 139 thunderstorm wind, 122 hail, 25 heavy rain, 16 flash flood; $18,687,200 property damage reported; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 55343, 2026-09 | median list price $294,975 (+0.9% on the year); 91 active listings; median 44 days on market; 20% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 3,714 establishments (-12%); 74,922 jobs (+1%)Census CBP |
| Housing market in the county | typical home value $386,707 (+1% 1 yr, +8% 5 yr); typical rent $1,784/mo (+4% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 18,020 vehicles a day on Shady Oak Rd (minor arterial, 4 lanes); 13 counted segmentsFHWA HPMS |
Summary, model-written
Proposed redevelop of office-park site to industrial use. Status: proposed (not under construction or approved).
Why. Developer: Endeavor Development. New use: 273,000 sq ft industrial building. Median rent $1,439 (recorded as reason for low opportunity score).
Where it stands. Within 10km: 5 nearby developments (including operating Knollwood Mall, 4.7km). Peer projects: 6 similar redevelopments in MN (scores 6.0-6.5), all within 35km. Housing market: ZHVI $386,707 (2026-09), ZORI $1,784/mo (2026-09).
For a planner
- Status: proposed (not active).
- Market: Industrial rent $1,439 median noted as barrier.
- Context: 5 nearby developments within 10km, including operating mall.
For a developer
- Opportunity score 0.0: 'already in play' (per record) and median rent $1,439.
- Peer projects: 6 similar redevelopments in MN (all scored 6.0+).
- No construction timeline or approval status provided.
What we do not know yet
- Status: unknown if approved or under construction (record says 'proposed').
- No timeline for development.
- Traffic: Minor arterial road (Shady Oak Rd), but no congestion data.
Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Similar sites
- Thomson Reuters Campus, Eagan, MN · Office parks · same strategy: redevelop; also in MN; 22 km away
- Former Delta Airlines Site, Eagan, MN · Office parks · same strategy: redevelop; also in MN; 20 km away
- Wells Fargo Home Mortgage campus, Minneapolis, MN · Office parks · same strategy: redevelop; also in MN; 15 km away
- Tonka Village Shopping Center, TONKA BAY, MN · Strip centers · same strategy: redevelop; also in MN; 14 km away
Elsewhere on the web
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- already in play: under construction, approved, or sold to a developer with housing plans
- median rent $1,439
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| Anchors | Boston Scientific |
|---|---|
| County | Hennepin County |
| Census division | 4 · West North Central |
| Notes | Draft from finance-commerce.com (2026-05-12), model-extracted, unreviewed: The Boston Scientific office campus in Minnetonka is proposed to be torn down and replaced with a 273,000-square-foot industrial building. |
Not yet recorded: acres, GLA, year opened, original developer, retrofit year. Know it? Tell us.
Sources
- Endeavor plans industrial redevelopment at Boston Scientific site · 2026-05-12
1 quoted sentence
Boston Scientific campus