The abandoned Suburban Chrysler dealership on St. Paul's East Side, complete with several acres of cracked asphalt, will be transformed over the next year into a retail center that will include green space and 250 jobs.
Peter Remes, a St. Paul native and founder of development firm First & First, said Exchange Street, a general merchandise retailer of new and used goods, will be the anchor tenant in the refurbished 23,000-square-foot dealership building. Pawn America and Dairy Queen will join about 10 other tenants in the development, which eventually will include two smaller buildings planned for the site.
Remes, 52, paid $2.6 million for the site in 2011. Total acquisition and construction costs could top $10 million for the project, Suburban Town Square.
"We got a lot of asphalt for our dollar and [the sellers] threw in the weeds," he quipped. "We've worked hard to bring this project together ... and [are] extremely excited to make a lasting and positive impact by generating construction and retail jobs that will contribute to the evolution of this amazing neighborhood."
Architect Dean Dovolis, who collaborated with Remes on the recently completed Ice House Court/Vertical Endeavors, a $7 million retail-office-housing project at 26th Street and Nicollet Avenue, said the just-underway development on St. Paul's Suburban Avenue will include about 46,000 square feet of retail in the three buildings. A third of the property will be dedicated to trees, landscaping and artwork.
Dovolis, who has specialized in renewing old neighborhoods for 30 years, credited the local district volunteer council with helping develop plans that met residents' concerns and goals for the site and helped get the project through the planning process.
law firm merger
The 23-year-old law firm of Mansfield, Tanick & Cohen is shutting its doors after the economics of law shrank what was once a 20-attorney firm to half that size. Eight of the remaining 10 lawyers, including name partners Marshall Tanick and Earl Cohen, are taking their practices to the Edina offices of Hellmuth & Johnson. Seymour Mansfield is considering several options for his practice.
The Minneapolis firm lost four attorneys in the past year to other firms, a common practice these days that translates into the loss of clients who follow their lawyers to new firms.