DEED Awards $6.2M To Cleanup, Redevelop Target Field Station And 13 Other Sites

DEED Awards $6.2M To Cleanup, Redevelop Target Field Station And 13 Other Sites

The money used on these projects will help fund the creation or retention of 2,322 jobs across the state.

A number of redevelopment sites around the state will receive some much-needed clean-up work through grants from the state’s Department of Employment and Economic Development (DEED).
 
On Friday, DEED announced it would award $6.2 million for the investigation and decontamination of 14 sites around the state, including near Target Field Station and a block being redeveloped by Kraus Anderson. An estimated 2,322 jobs will be created or retained in the process.
 
In the 20-year history of its Contamination Cleanup and Investigation Grant Program, DEED claims to have attracted $5.7 billion in private investments and $106 million in new tax revenue, in addition to creating or retaining 48,000 jobs.
 
The latest funding round will apply to the following projects:
 
Linden Hills Famous Dave’s Site — $203,755 will be used to cleanup the 0.46-acre site in Minneapolis at 43rd and Upton. Formerly a gas station, auto repair shop and restaurant, this land will be redeveloped into a four-story apartment building and 6,000 square feet of street-level retail space—a move that has caused considerable and prolonged controversy. An estimated 35 new jobs will be created and the land’s tax base will increase by $161,164.
 
ABC Industrial Development — $159,882 will be used to cleanup a 0.77-acre site in Minneapolis’ North Loop neighborhood. Formerly a residence area, wood yard and electronics warehouse, the land will be redeveloped into a six-story mixed-use building for 143 apartments and 16,730 square feet of retail space. An estimated 72 new jobs will be created and the land’s tax base will increase by $542,690.
 
Kraus Anderson Block — $761,106 will be used to cleanup a 2.53-acre site in Minneapolis’ Elliot Park neighborhood. Formerly used for warehousing, auto repair and metal refinishing, the land will be redeveloped as Kraus-Anderson’s new headquarters building, a 17-story residential area, a 148-room hotel and a brewery. An estimated 102 new jobs will be created, 313 jobs retained and the land’s tax base will increase by $4,478,795.
 
T3 — $441,882 will be used to cleanup a 1.41-acre site in the North Loop. Formerly used as a freight depot and parking lot, the land will be redeveloped into a seven-story building with 224,000 square feet of office space and 11,500 square feet of street-level retail space. The site’s developer, Hines, will build T3 out of “modern mass timber” (layers of wood stacked overtop one another), which it said is the environmental impact equivalent of taking 996 cars off the road. An estimated 227 new jobs will be created and the land’s tax base will increase by $1,659,316.
 
Target Field Station — $148,942 will be used to clean up a 0.89-acre site in Minneapolis. Formerly used as a lumberyard and parking lot, the parcel near Target Field Station will be redeveloped into a 10-story building with 232,000 square feed of office space and 11,000 square feet of street-level retail space. An estimated 338 new jobs will be created, 675 retained and the land’s tax based will increase by $1,854,736.
 
4041 Hiawatha Ave. — $103,099 will be used to clean up a 1.82-acre site in Minneapolis. Formerly used for sash and door manufacturing and corrugated box production, the land will be redeveloped into a 78-unit apartment complex. An estimated two new jobs will be created and the land’s tax base will increase by $44.456.
 
Cleveland Avenue Development — $203,615 will be used to clean up a 0.84-acre site in St. Paul. Formerly used as a department story, bank and realty office, the land will be redeveloped into a four-story mixed-use building with 8,800 square feet of office space, 57 apartment units and 3,500 square feet of retail. An estimated 42 new jobs will be created, 40 jobs retained and the land’s tax base will increase by $452,387.
 
Fillmore Site — $960,336 will be used to clean up a 5.3-acre site in St. Paul. Formerly used as a foundry, power plant and battery crushing facility, the land will be redeveloped into a four-story building with 174 apartment units. An estimated three new jobs will be created and the land’s tax base will increase by $493,939.
 
Naval Industrial Reserve Ordnance Plant-Phase III — $2,020,500 will be used to clean up a 30.7-acre site in Fridley. The site’s remaining building foundation will be demolished to make way for three industrial buildings totaling 446,400 square feet. An estimated 89 new jobs will be created, 357 jobs retained and the land’s tax base will increase by $811,357.
 
Honey Badger Apartments — $903,636 will be used to clean up a 5.54-acre site in Moorhead. Formerly a railroad operations, auto repair and salvage, manufacturing and concrete ready-mix operations, the land will be redeveloped into two buildings offering 42 apartment units. An estimated one new job will be created and the land’s tax base will increase by $130,914.
 
Northgate Apartments — $142,045 will be used to clean up a 1.05-acre site in Owatonna. Formerly used as a foundry and machine shop, the land will be redeveloped into a three-story building for 36 affordable apartment units, including housing for the homeless. An estimated one new job will be created and the land’s tax base will increase by $29,080.
 
First Avenue Flats — $14,413 will be used to clean up a 0.95-acre site in Rochester. Formerly used for residences, auto repair and a taxi service company, the land will be redeveloped into 68 housing units. An estimated three new jobs will be created and the land’s tax based will increase by $23,529.
 
East Range Clinic Site — $107,370 will be used to clean up a 2.5-acre site in Virginia. Formerly used for the railroad and mining industries, an auto repair shop, lumberyard and health clinic, the land will be redeveloped into a 15,000-square-foot auto dealership. An estimated 20 new jobs will be created and the land’s tax base will increase by $50,687.
 
Washington County Housing and Redevelopment Authority — $18,558 will be used to clean up a 1.68-acre site in Woodbury. Formerly used for a residence and trash hauling business, the land will be redeveloped into 38 senior housing units. An estimated two jobs will be created and the land’s tax base will increase by $16,150.

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