June 22, 2012 by Sarah M
// By Maggie Kane //
CARAG — New retail and restaurant space could replace Sunrise Cyclery at the corner of Lake and Bryant.
Local developer the Ackerberg Group presented plans to renovate the building to the CARAG neighborhood in June. The project, which is in its conceptual stages, will include the addition of new windows, improvements to the façade and a new roof, said JoAnna Hicks, Ackerberg’s director of development.
The group has been talking to potential tenants but has not yet confirmed one at this stage in the planning process, Hicks said.
(Submitted image: A rendering of the proposed renovation of a building at the southwest corner of the Lake Street and Bryant Avenue intersection.)
The Ackerberg Group and Sunrise Cyclery talked June 18 for the first time about the plans. Jamie McDonald, owner of Sunrise, said they discussed moving the shop next door into the planned retail space.
“This is a perfect spot for us,” McDonald said, referring to the current location.
Another option would be to move to North Minneapolis. Sunrise has been talking about opening a shop in that area for a while, McDonald said.
“It’s never fun to be moved, but, you know, it’s not my building,” he said. “That’s one of the facts of life about renting is that you can be moved at any time.”
The Ackerberg Group has worked on developments around the CARAG area, but this is the first time they would be working on a building in the neighborhood.
“We wanted to be able to have an initial conversation with the neighborhood to hear their input and concerns,” Hicks said.
They aim to begin work on the building, which would take several months to complete, by the end of the year.