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Minneapolis Business
Center
Minneapolis, MN
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Before |
After |
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Site: |
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10 acre site
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Vacant for over
90 years
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0 Jobs, $0.00
tax base
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Environmental: |
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Residual impacts
from historic
pesticide spill
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Site filled with
street sweepings
impacted with
petroleum
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Organic soils
from former
creek bed
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Development
requires removal
impacted soils,
underfloor vapor
barrier
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Action: |
This 10-acre site
lay dormant for over
90 years. The site
was valued at $0.00,
and was impacted by
pesticides from a
spill from an
adjacent property as
well as being filled
by petroleum
impacted street
sweepings. RER
acquired the
property and worked
closely with the
Shingle Creek
Neighborhood
Association to
create a state of
the art industrial
building that
complied with the
neighborhood plan.
MPCA approved
cleanup of Site
results in full
liability
protections for
developer, lenders
and tenants. |
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Outcome: |
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128,800 SF
Office Warehouse
completed in
2006
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Tax Base
increase of over
$6 million
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Will generate
annual property
taxes of
$300,000 per
year
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Awarded 2006 NAIOP Award of
Excellence
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Awarded 2006 Business
Journal Award
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Awarded 2007 EDAM's Best
Redevelopment Award
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A Green Development
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