Schmidt Brewery Redevelopment?

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The owners of the historic Schmidt Brewery complex in St. Paul have submitted plans to the city to redevelop part of the property into a functional brewery, restaurant and museum.

The brewery has been a dream of Minnetonka-based BHGDN, the investment group that owns the site, since the last beer rolled off the bottling line more than a decade ago, said BHGDN President Dave Kreitzer

The plan is separate from a redevelopment of the rest of the 1930s-era Schmidt complex, at 900 W. Seventh St., by Plymouth-based Dominium. Dominium, which will close on a $6 million purchase for its portion of the site soon, wants to build a $115 million apartment complex. Read more

Corn Belt Edges Northward

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Joe Waldman is saying goodbye to corn after yet another hot and dry summer convinced the Kansas farmer that rainfall won’t be there when he needs it anymore.

“I finally just said ‘uncle,’ ” said Waldman, 52, surveying his stunted crop about 100 miles north of Dodge City. Instead, he will expand sorghum, which requires less rain, let some fields remain fallow and restrict corn to irrigated fields. Read more

New Housing Boom Helps Stir Economy

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Low mortgage rates, high demand for apartments make for the best month for home construction in half a decade. boosting the economy.

September was the best month for home construction in nearly half a decade, bolstering the belief that the housing market is in the midst of the kind of sustained recovery that could help lift the broader economy. Read more

New Brewery Coming to Minneapolis???

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Surly Brewing Co. announced Friday that a site near Highway 280 and University Avenue in Minneapolis has “risen to the top” of its short list of prospective sites for a new $20 million destination brewery it wants to build.

In a statement, Brooklyn Center-based Surly said it likes the “Malcolm Midway site” because it straddles Minneapolis and St. Paul; is near bike trails and public transportation, including a new Central Corridor light-rail transit station; and is zoned and sized properly for the project. The site, about a half-mile east of TCF Bank Stadium, is unused industrial land that has been marketed as a redevelopment site. Read more

New Apartment Near Target Field

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Hines Interests will break ground Wednesday on the 185-unit Dock Street Apartments near Target Field.

The Houston-based developer has been planning the complex for more than a year. It got municipal approvals for the project in May. Read more

Twin Cities Home Prices Continue to Rise

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Twin Cities-area home prices took another big jump in July, the second-consecutive month the metro area was among the nation’s leaders in price increases.

Prices in the Twin Cities rose 6.4 percent in July when compared to the same month a year earlier, according to the Case-Shiller Home Price Index of 20 metro markets by Standard & Poors. Read more