Edina approves Opus Group's move from Minnetonka headquarters
The Edina City Council unanimously approved a plan for The Opus Group to relocate its corporate headquarters from Minnetonka to a new office building in Edina, marking a significant development project for the city.
The Opus Group, a major regional company, received city approval to demolish an existing four-story office building at 5100 Eden Avenue and construct a new 112,000-square-foot, five-story office building in its place. The project includes ground-floor retail and restaurant space, with Opus occupying a portion of the new building as its anchor tenant.
The relocation addresses what company representatives described as a shortage of modern, high-quality office space in the area. "There's really a shortage of highly functional class A and amenitized office space in submarkets where the demand is there," an Opus representative told the council. "As we kept kicking the tires on the site, we realized our lease was coming to an expiration and thought we'd be a great anchor tenant to kick off an office project here."
The council voted unanimously to approve the Headquarters Relocation and Redevelopment Permit, with no dissenting votes. The project replaces an earlier proposal for an apartment building at the same location.
The development is expected to bring both office jobs and ground-level commercial activity to the Eden Avenue area. By serving as an anchor tenant, Opus will help attract additional tenants to fill the remaining office space in the new building, potentially spurring further economic activity in the neighborhood.
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The Opus Group Headquarters Redevelopment Project Approval
Dissent: None mentioned
The Opus Group secured approval to relocate its headquarters to Edina, replacing a previous proposal for an apartment building at 5100 Eden Avenue. The project entails constructing a new 112,000 sq ft, five-story office building with retail/restaurant space. The move is driven by a perceived shortage of high-quality Class A office space in demand-heavy submarkets and Opus's expiring lease, positioning them as an anchor tenant for the new development.
There's really a a shortage of highly functional class A and amenitized office space and um subm markets where the demand is there. And so as we kept kicking the tires on the site, we realized our lease was coming to an expiration and thought we'd be a great anchor tenant to kick off an office project here.
Source document
[Music] The Opus Group has received the green light to move its headquarters from Minnetonka to Edina. Opus plans to tear down the fourstory office building at 5100 Eden Avenue and build a new 112,000 square ft fivetory office building that would include a restaurant or retail space on the first floor. Opus intends to occupy a portion of the building which would serve as its corporate headquarters. There's really a a shortage of highly functional class A and amenitized office space and um subm markets where the demand is there. And so as we kept kicking the tires on the site, we realized our lease was coming to an expiration and thought we'd be a great anchor tenant to kick off an office project here. Opus' plan replaces a previous proposal for an apartment building and retail space on the site.
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