Plans for a new 210-room Hampton Inn & Suites would mark the largest new hotel development in downtown Minneapolis since before the recession. Golden Valley-based Mortenson Development is pitching the plan at a surface parking lot site at 19 Eighth St. N. in Minneapolis, one block away from the Target Center arena and a short walk from Target Field. Read more
Facing much slower growth, the ethanol industry is likely to see more mergers and acquisitions in the future, according to a financial expert who spoke Wednesday at a biofuels conference in Bloomington.
Bob Dovenberg, a managing director of Minneapolis-based Greene Holcomb Fisher’s Energy and Infrastructure Group, told more than 90 people that, like other industries, the biofuels’ industry may eventually be reduced to just a few companies. The conference was sponsored by Willmar-based Christianson & Associates. Read more
A team of developers Monday broke ground on a new 78-unit apartment project next to Fulton Brewing Co.
The $12 million project, called District 600, is at 600 Fifth St. N.
It was called The Mendoza back in April 2012, and then re-named The Natural in January this year. It has been re-named again to “District 600” referring to its street address at 600 Fifth St. N., in the Warehouse District of Minneapolis. The project’s marketing materials plays up its proximity to Target Field, with a baseball theme. Read more
A Cushman & Wakefield/NorthMarq Land Team Transaction
An apartment developer out of Hallendale Beach, Fla., is eyeing a residential development in St. Louis Park at the site of an existing Olive Garden and a former Chili’s restaurant.
Dolce Living, which has a tentative deal to buy two neighboring parcels from Duke Realty Corp., has had a representative talking to the city of St. Louis Park about building an apartment complex there, said Sean Walther, a city planning official. Dolce officials couldn’t be reached for comment. The company has developed apartments near Miami and Dallas. This would be its first Minnesota project.
Source: Business Journal
With all eyes focused on the St. Paul Saints’ prospective Lowertown home in 2015, few are giving much thought yet to the future of Midway Stadium, the lovable shambles of a ballpark the team has occupied for 20 years.
Except for Louis Jambois, president of the St. Paul Port Authority, who can’t wait to get the authority’s hands on the stadium’s 12.8-acre site at Energy Park Drive and Snelling Avenue once the Saints move out. Read more
An Apple Valley apartment developer has a letter of intent to buy from the city a four-acre site near the new outlet mall under construction in Eagan.
Stonebridge Cos. wants to build a 180-unit “higher end” apartment complex at the site. Stonebridge will present its preliminary plans to the Eagan Economic Development Authority at a meeting Tuesday, said Stonebridge President Wally Johnson. Read more
The Three-Nine-Four apartment and senior housing complex in Golden Valley got a thumbs-up from the city’s Housing and Redevelopment Authority this week, moving the project closer to its expected fall groundbreaking.
The project has changed scope and layout since it was first approved by the Golden Valley HRA in April. The senior building changed from a five-story, 149-unit building to a six-story, 120-unit building. Read more
A small frac sand mine first proposed in October 2011 won approval by Winona County Tuesday despite persistent opposition from local residents who fear it could pave the way for a cluster of other sand mines in the area. Read more