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Retail Buildin g that house Bank's store is sold to renovation firm By Janet Moore Star Tribune Staff Writer Banks a1, Retell Store 9 The Bank's building in north- east Minneapolis that houses the salvage retailer of the same name " D was sold Tuesday to a local com- pany that specializes in urchas- .. f Q \ .:. ing older structures for reno- vation. The Bank's store remains Ch open, although no decision has at r been reached on whether it even- tually will move: Hillcrest Development Co. of Minneapoliy bbitpJtt;the 00-year- old,five-storyy bui77dl'hg from M.F. Bank&Co.Inc.,the family busi- ness that started Bank's more Al <' than 50 years ago.'Tefms of the 'k deal were not immediately dis- closed;but one sotirce said theela - property had been listed for more than$l million. Muat�APOUS J t M.F..lank sold its retail busi- 1 Star Tribune map ness to Hudson Salvage Inc. of Purvis, Miss., in 1998, but the building was not part of the deal except that it is now open only and was retained by the Bank Wednesday through Saturday. family. The retail business has stayed BANK'S continues on D2: largely the same since�}thhAe sale, —An eye on several sites. t ip P{ !S M rr r �� * ��`a' f tz l� l�w1 ,3 . li`+n• ? ae�'a rir�P% l �.�j Ny S�q t r rrs 1.gt eel r�� r '�� /.•` 1�f� eC''��}'�'i:�: d •it. r 'ii' .t,. Star Tribune photo The building In northeast Minneapolis that houses the Bank's salvage store was built 80 years ago,originally home to a casket company.Hillcrest Development Co.of Minneapolis bought the five-story building Tuesday. BANK'S from D1 Banl's owner says it's looped at other sites in Twin Cities What will become of the mas- partner of Hillcrest Development, sive building,originally home to said his company is willing to a casket company?That remains accommodate Bank's with a to be seen.. short-, medium- or long-term Rod Elofson,vice president of lease at the location if the com- Northern Operations for Hudson pany is interested. Salvage, said the company has "We would be very happy if looked at other Twin Cities sites they stayed,"he said. for the store,including northeast If Bank's moves, the building and south Minneapolis and Co- could be used in a number of lumbia Heights.But no decision ways,including retail,residential has been made on whether hnusing and office space, Tan- Bank's will relocate,he said. kenoff said.