In downtown St. Paul, a retail developer plans to buy 10 percent of the leasable space in the vacant Macy's department store building for $2.5 million.
The St. Paul Port Authority purchased the block-length building and an adjoining parking ramp from Macy's in January 2014 for $3 million.
The board of the St. Paul Port Authority will vote Tuesday on the sale, which is likely to pass unanimously.
"We expect this to be the first of several fun announcements throughout the spring and summer of 2015," said Port Authority President Louie Jambois.
Retail developer NLD Wabasha will purchase 17,870 square feet on the Wabasha Street level and another 7,700 square feet along the skyway, then ready the space for a retail tenant.