The Historic Coliseum Building

Date

2026

Category

Featured, Commercial Real Estate,

History

Built in 1917 at a prominent streetcar intersection, the Coliseum building has been a cornerstone of Lake Street and the Longfellow community for more than a century. Over its lifetime, it has been home to Freeman’s department store, professional offices, a third-floor dance hall, bowling alley, barbershop, and much more. The building was designed as a place of everyday gathering and exchange woven into the social and economic life of the corridor.

On May 25, 2020, George Floyd was murdered by Minneapolis Police. Just steps away from the Minneapolis Third Police Precinct, this intersection became the epicenter of protest and civil unrest that spread across the country. Many buildings and businesses along Lake Street were damaged or destroyed. The Coliseum was among the structures severely impacted and was initially declared a “total loss.”

Across the street, the multi-story historic Oddfellows building, another long-standing community landmark, was completely destroyed and demolished. Suddenly, the Coliseum and the nearby historic firehouse were two of the only historic structures left standing in the immediate area. For many in the community, losing the Coliseum building as well was intolerable. Too much had already been erased.

As Redesign joined neighbors in mourning, cleaning up, and beginning the long work of recovery, the message from the community was unmistakable: this moment of loss also carried an opportunity to rebuild differently: more equitably, more sustainably, and with greater community control.

From a conventional development perspective, the Coliseum was too large, too complex, and too costly to restore. Demolition was seen as the most rational path forward. In 2021, Redesign stepped in and purchased the building, not because it was easy or efficient, but because the community had made clear that letting it go was not an option.

 

The Vision

Redesign’s vision for the Coliseum was fundamentally about systems change – an opportunity to shift ownership and power and to create generational wealth for BIPOC small business owners through the equitable redevelopment of a site that bears the scars of the community’s pain.

Rather than asking what would maximize short-term financial return, Redesign asked a different set of questions: Who should own this building? Who should benefit from its restoration? And how could it serve the community for the long term?

In the wake of 2020, those questions carried particular urgency. Real estate wealth has historically been concentrated in the hands of a few, primarily white property owners. Reinforced by redlining, discriminatory lending practices, wealth and credit disparities, exclusion from information networks, and patterns of displacement that have repeatedly followed neighborhood reinvestment, the Coliseum represented an opportunity to interrupt that cycle at a highly visible and symbolically charged site.

Redesign partnered with BIPOC business owners Alicia Belton (Urban Design Perspectives), Janice Downing (CommonSense Consulting@Work), and Chris & Shanelle Montana (Du Nord Social Spirits) to stabilize and rehabilitate the building. Together, they navigated layered financing, historic preservation tools, and capital to make possible what traditional development models would not support.

Officially reopening on Juneteenth 2024, The Historic Coliseum Building became the first non-corporate space to return to active use in the area following the devastation of 2020, a milestone rooted as much in values as in construction.

 

Community Mission & Impact

Today, the restored building provides flexible commercial space for small businesses, nonprofits, and cultural organizations, offering stability in a high-visibility location with historic character and modern amenities.

More than a successful rehabilitation, the Coliseum challenges the assumption that historic restoration and affordability are incompatible. It demonstrates that when communities are listened to and when ownership structures are designed intentionally, buildings others have written off can become powerful tools for equity, resilience, and long-term wealth-building.

Once nearly lost, the Historic Coliseum Building is no longer a symbol of devastation. It stands as proof that systems can be redesigned, that memory matters, and that when communities retain ownership of their landmarks, they retain the ability to shape their future.

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Media Coverage:

2025 Historic Rehabilitation Award for Non-Residential Development that Best Exemplifies Major Community Impact: Coliseum 2708 | Novogradac

2025 Minneapolis Preservation Awards Announced | AIA Minnesota

Coliseum Reopens: A New Chapter for an Iconic Neighborhood Building | The Alley

Q&A: Sunrise Banks’ Mary Stoick on financing a rebuild in a challenging market | Finance & Commerce

Financing the Revival of the Coliseum Building | ENTER

The Coliseum, one of few places Blacks could get credit in Minneapolis, reopened on Juneteenth under Black ownership | Mshale

Minneapolis’ Historic Coliseum Building Reopens on Juneteenth Championing BIPOC Entrepreneurship and Community Reslience | Hoodline

A Coliseum Reimagined: Transforming the Soul of Downtown Longfellow | McKnight Foundation

Historic Coliseum building reopens in Mpls | KMSP

Coliseum Building reopens after being badly damaged in 2020 | KSTP

Historic Coliseum Building reopens after four-year restoration | KARE 11

Century-old Coliseum building reopens on Minneapolis’ Lake Street | KSTP

Years after it was destroyed, Minneapolis’ Coliseum building reopens in “game changing” redevelopment | WCCO News

Historic Lake Street building burned in Floyd protests will reopen on Juneteenth | MPR

The state of Lake Street 4 years since George Floyd’s murder | MPR

Doors Open Minneapolis | KSTP

Where Lake Street rebuilding projects stand four years after the riots | Star Tribune

Coliseum Building redevelopment project aims to uplift BIPOC businesses | KARE 11

Activism for Community Voice | Urban Design Perspectives

Black Architect-Developers of the Twin Cities: Their Journeys, What’s Next, and Why It Matters | enter mn

Lake Street is coming back | Southside Pride

Coliseum Building in Minneapolis earns low carbon verification | REjournals

Coalition hopes to give Lake Street’s Coliseum Building new life | Star Tribune

Exploring the rich history of 27th and Lake | MinnPost

From the Rubble, an Ambitious Effort to Rebuild Differently | McKnight Foundation

Group Aims to Rebuild Lake Street’s Coliseum Building After Uprising Fire | Minnesota Monthly

After George Floyd, One Terp Helps a Neighborhood Rebuild | Maryland Today

Coliseum project highlights power of equitable development | Hennepin County Department of Housing and Economic Development

A look back at the history of the Coliseum Building | Longfellow Nokomis Messenger

Redesign saves Coliseum from wrecking ball | Longfellow Nokomis Messenger

Restaurant Owner Whose Business Burned Calls For Justice For George Floyd | National Public Radio

Reviving Lake Street: Nonprofit community groups spearheading recovery | MinnPost

Saving the Coliseum: New life rises from the ashes of violence | Minnesota Spokesman Recorder

Seward Redesign closes on Coliseum sale in Minneapolis | Finance & Commerce

St. Anthony: Rebuilding the ‘downtown’ of Longfellow is going to be a long haul | Star Tribune