Old Mpls school district headquarters getting interest from developers
- Blog Post by: Steve Brandt
- February 25, 2013 - 5:16 PM
School district staffers couldn’t wait to vacate it, but the old district headquarters at 807 Broadway is getting big-time interest from developers.
Seven offers were received from developers for the property by Friday’s deadline, according to a joint announcement Monday by the district and the city’s development agency, which is helping the district with its sale plans. All are for housing and-or multi-tenant commercial space.
Proposals were made by : Domain Architecture and Design, condominiums and market-rate apartments with retail space; Dominium Development and Acquisition, for affordable apartments with live-work space; First & First, multi-tenant commercial space; Greco Development, market-rate apartments and multi-tenant commercial space; Hillcrest Development, multi-tenant commercial space; Kremer & Young, for multi-tenant commercial space; Sherman Associates, affordable apartments with live-work space.
The neighborhood will get a look at the proposals on March 20 at a 7 p.m. meeting at Logan Park Recreation Center, 690 13th Av. NE. That meeting is being run by the 807 Broadway Task Force, an neighborhood-based advisory group to the process.
The entire site consists of 5.8 acres, with about 240,000 square feet, some of which date to 1914, when the four-story administration building was originally built as a light-bulb factory. All of the offers include rehabilitating at least the two brick buildings in a complex that also includes shops for building trades, garages and warehouse space.
Many of the key details of the proposals, including price and amount of space created, are being kept under wraps despite the developers being required to waive their ability under state law to keep their proposals private until a deal is negotiated with the winning proposal. City development official Mark Garner said the school district hasn’t consented to release that information.
The city and district said the proposal that best combines price, terms, ability to consummate a sale and the planned redevelopment, and other objectives. The school board makes the final choice of developer.
The district vacated the property and its warren offices, which many employees regarded as a dump, last summer. It now occupies new headquarters at 1250 Broadway.
© 2013 Star Tribune