Biz beat: Midas, Genesis Network move to Burnsville

Two businesses founded by longtime precious metals broker Ted Anderson will be relocating soon from Eagan to Burnsville.

Anderson, who heads Midas Resources and the Genesis Communications Network, recently closed on the $1.4 million purchase of a former Coldwell Banker Burnet building at 190 Cobblestone Lane. The real estate firm vacated the building when it moved to new offices in Lakeville.

Anderson founded Midas, a precious metals investments firm, in 1996. A year later he launched Genesis, a radio network, to promote his precious metals business. The network has expanded over the years and now has about 50 nationally syndicated programs on a wide variety of topics, including politics, economics, medicine, farming, gardening, home improvement, travel and automobiles.

He expects to move both from their current location at 3105 Sibley Hwy. in November. He said he expects to eventually put that property, which he has owned for about seven years, up for sale.

The move became necessary partly to provide more space for the businesses, whose combined workforce has grown from about 30 to 50 the past several years, Anderson said. He also said it had become impractical to retrofit the building, a former residence, to meet fire safety and accessibility standards required of commercial properties.

The new Burnsville building also provides more space for the two businesses, almost 14,000 square feet, vs. 9,600 square feet in Eagan.

Pediatric services expand

The doctors will provide care at Fairview Ridges in partnership with University of Minnesota Physicians and the Department of Pediatrics at the University of Minnesota.

Fairview Ridges is one of the few metro hospitals that still has a pediatric unit, according to Lizbeth Thomas, vice president of medical affairs. Adding the physicians allows Fairview Ridges to have the option of keeping seriously ill pediatric patients closer to their homes and families, she said.

New retail for Apple Valley

AutoZone began construction last month on an automotive parts store in Apple Valley.

The 13,000-square-foot building at 151st Street W. and Foliage Avenue is expected to open later this fall. It will be the 19th outlet in the Twin Cities, including stores in Burnsville and West St. Paul.

Meanwhile, Chick-fil-A has filed an application with the city to build an outlet on the southeast corner of 153rd Street W. and Cedar Avenue. The proposed 4,585-square-foot store would have a drive-through plus a 38-space parking lot.

The chain now is at Coffman Union at the University of Minnesota, the student union at Minnesota State University, Mankato and Minneapolis-St. Paul International Airport.