national press releases
IKEA breaks ground for Twin Cities store in Bloomington, MN

The first project to be built as part of Phase II Mall of America is slated to open in Summer 2004

Contact: Joseph Roth 610-834-0180x6500 or c/o Kelly Olson @ Mall of America (952-883-8829).

PLYMOUTH MEETING, PA, June 23, 2004 – IKEA, the leading home furnishings retailer, today officially broke ground for its new store opening next Summer [2004] in Bloomington, MN, across from the existing Mall of America. The City Council approved the project last month to allow for construction of the IKEA store, and also gave preliminary approval for a conceptual plan of Phase II Mall of America. Facing Nordstrom, the 15-acre site of the future IKEA Bloomington is the location of the former Met Center, bordered by Lindau Lane on the south, Highway 77 on the west, American Boulevard (79th Street) on the north and 24th Avenue on the east. The 330,000 s.f. store is part of an integrated project being developed as Phase II of Mall of America and connected by a pedestrian walkway. Besides jobs created during construction, more than 400 coworkers will join the IKEA family when the new store opens. “We are thrilled to break ground for a Twin Cities store that has received so much support these past several months,” explained Brad Prevost, IKEA real estate manager. “The City of Bloomington has truly made us feel welcome and we cannot wait to become active partners in the community.” IKEA has more than 180 stores in 31 countries, including 16 stores in the United States and ten stores in Canada. This January, the company began an aggressive North American expansion effort that includes 5 new stores a year for the next ten years. This plan will balance increasing the presence of IKEA in existing markets with entry into newer markets, such as the Twin Cities. Other U.S. stores proposed for openings in 2004 include: Dublin, CA; New Haven, CT; Philadelphia, PA; Somerville, MA; and a relocation in Houston, TX. Since its founding in 1943, IKEA has offered a wide range of home furnishings and accessories of good design and function, at low prices so the majority of the people can afford them. IKEA is recognized as a socially responsible company, and continuously supports initiatives that benefit causes such as children and the environment. To visit the IKEA Web Site, please go to http://www.ikea-usa.com.
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