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From Sofitel to Sheraton Line Ends at the Blue Line Light Rail Route’S 46Th Street Station

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From Sofitel to Sheraton Line Ends at the Blue Line Light Rail Route’S 46Th Street Station Developer wants Polaris puts to go bigger with $300K into Roseau affordable housing workforce housing Page 2 Page 4 PERIODICALS POSTAGE | $1.50 Thursday | September 10, 2015 FINANCE-COMMERCE.COM VOL. 128, NO. 178 Development along A Line could be slow burn BY KARLEE WEINMANN Staff Writer The first arterial bus rapid tran- sit line in the Twin Cities presents a new kind of development opportuni- ty, but it could take time for projects to materialize after the route starts next year. Dubbed the A Line, the $27 million route by design traces a well-trafficked corridor that reaches from the Rosedale $27 Center mall in Roseville to the MILLION Project budget STAFF PHOTO: BILL KLOTZ north, through Warren Beck said the intent was to build the Sheraton Bloomington’s lobby to the scale of the surrounding six-level envelope, St. Paul on Snel- for A Line bus and create an interactive space guests could treat as their living room. ling Avenue and rapid transit Ford Parkway route into Minneap- Source: Metro Transit olis, where the From Sofitel to Sheraton line ends at the Blue Line light rail route’s 46th Street Station. Warren Beck updates 1970s-era hotel in Bloomington A sizable section of the planned bus route already offers the ame- BY HOLLY DOLEZALEK former Hotel Sofitel, on the northwest tion with interchange access,” he said of nities that would typically follow Special to Finance & Commerce corner of Interstate 494 and Highway the area around the Sheraton Blooming- similar infrastructure upgrades, 100. After a $15 million renovation, the ton. “There are 20 million square feet of including residential development Warren Beck, often credited with turn- 282-room hotel reopened in mid-August office space between here and the airport, and restaurants — especially close ing the Galleria shopping center in Edina as the Sheraton Bloomington. and there’s as much office space in this to the colleges serviced by the line, into a magnet for affluent shoppers, is While competition heats up from section of the city as there is in downtown Macalester and Hamline University. bringing some of the same magnetism to hundreds of rooms being built along the Minneapolis.” During a discussion of the proj- an older hotel on the Bloomington strip. Bloomington strip, Beck sees plenty of The renovation, designed by the Chi- ect organized by Metro Transit on Two years ago Beck’s company, WB promise. Hotel Partners, paid $18.25 million for the “It’s a very solid market in a great loca- SHERATON to page 28 A LINE to page 28 Uptown’s Temple Israel launches $21M expansion HGA, Mortenson on project team BY BRIAN JOHNSON Staff Writer Big changes are coming to Temple Israel in Minneapolis, as construction begins on a SUBMITTED RENDERING: HGA/TEMPLE ISRAEL $21.1 million expansion and re- Temple Israel’s $21.1 million remodel and expansion includes a new lobby, which will feature 12 windows representing the 12 tribes of Israel. model of the synagogue in the city’s Uptown neighborhood. mont Avenue, a new entryway gation, which includes 6,000 interview. “The majority of our Israel is working with the Min- When the project is finished and lobby, a central courtyard members and about 2,200 congregation is 49 and younger.” neapolis-based HGA architec- in fall 2016, the synagogue at and other improvements. households, many of them Gov. Mark Dayton and oth- ture and engineering firm and 2324 Emerson Ave. S. will have Senior Rabbi Marcia Zim- young families. er elected officials on Tuesday Golden Valley-based Mortenson a new education building, an merman said the project will “We have been growing larg- attended a ceremonial ground- early childhood wing along Fre- support a growing congre- er and younger,” she said in an breaking for the project. Temple TEMPLE to page 4 2 Finance & Commerce finance-commerce.com Thursday | September 10, 2015 730 2nd Ave. S., Ste. 100 | Minneapolis, MN 55402 730 2nd Ave. S., Ste. 100 | Minneapolis, MN 55402 Phone 612-333-4244 | Fax 612-333-3243 Phone 612-333-4244 | Fax 612-333-3243 www.finance-commerce.com www.finance-commerce.com Publisher – Michael Rifanburg Publisher – Michael Rifanburg 612-584-1537 | [email protected] 612-584-1537 | [email protected] EDITORIAL EDITORIAL Editor – Casey Selix Editor – Casey Selix 612-584-1556 | [email protected] 612-584-1556 | [email protected] Associate Editor – Jeff Sjerven Associate Editor – Jeff Sjerven 612-584-1575 | [email protected] 612-584-1575 | [email protected] Copy Editor – David Bohlander Copy Editor – David Bohlander 612-584-1527 | [email protected] 612-584-1527 | [email protected] Web Coordinator – Art Hughes Web Coordinator – Art Hughes 612-584-1549 | [email protected] 612-584-1549 | [email protected] Staff Photographer – Bill Klotz Staff Photographer – Bill Klotz 612-584-1562 | [email protected] 612-584-1562 | [email protected] Staff Writers: Staff Writers: Construction – Brian Johnson Construction – Brian Johnson 612-584-1525 | [email protected] 612-584-1525 | [email protected] Economic Development – Karlee WeinmannSUBMITTED RENDERING Economic Development – Karlee Weinmann Duffy Development Co. wants to double the number of phase-two units for its Bottineau612-584-1553 Ridge | [email protected], a proposed 612-584-1553 | [email protected] workforce housing development at Hemlock Avenue and 80th Street in Maple Grove. ADVERTISING SALES ADVERTISING SALES Advertising Supervisor – Kaila Broad Advertising Supervisor – Kaila Broad Developer wants to expand612-584-1539 | [email protected] plan 612-584-1539 | [email protected] Advertising Account Executive – David Seawell Advertising Account Executive – David Seawell 612-584-1545 | [email protected] 612-584-1545 | [email protected] for Maple Grove workforceAdvertising Account Executiverentals – Sheila Bennett Advertising Account Executive – Sheila Bennett 612-584-1544 | [email protected] 612-584-1544 | [email protected] BY BRIAN JOHNSON Event Manager – Amanda Dorn Event Manager – Amanda Dorn Staff Writer “Duffy does a good job with these units. … His buildings are usually full612-584-1534 before | [email protected] they are even 612-584-1534 | [email protected] Citing a strong need for more affordable PUBLIC NOTICE PUBLIC NOTICE dwellings, a Minnetonka-based develop- built; that is how high612-584-1563 the | [email protected] demand is.” 612-584-1563 | [email protected] er wants to double the size of its planned CIRCULATION CIRCULATION “workforce housing” project in Maple — Dick Edwards, community development director, Maple Grove. Audience Development Manager – Disa Mcclellan Audience Development Manager – Disa Mcclellan Grove. 612-659-7392 | [email protected] 612-659-7392 | [email protected] Duffy Development Co. initially pro- opened in 2014 and is fully occupied, said in the northeast quadrant of Hemlock Ave- posed a 50-unit second phase for its Bot- Dick Edwards, Maple Grove’s community NEWSnue andRELEASES 80th Street.are welcome; please send to: NEWS RELEASES are welcome; please send to: tineau Ridge Apartments development at development director. [email protected] said the project site is close to [email protected] Hemlock Avenue and 80th Street, but the In a city staff report, Duffy Development other multifamily housing -- including the developer is now asking the city to approve said the market for such housing is so deep Skye at Arbor Lakes development -- and is plans for 100 units. in Maple Grove that “thousands of units a “stone’s throw away” from a new central The Maple Grove City Council on are needed to meet the demand.” park and other amenities. Monday approved a comprehensive plan “Most of our current residents had The area is “kind of a melting pot for amendment that would allow for been commuting long distances to high density,” with some of the most expen- Subscription Rates Subscription Rates the higher density, though a time- work in Maple Grove. We’d like to Dailysive Newspaper apartments (Tuesday in the – city Saturday) standing next to Daily Newspaper (Tuesday – Saturday) table for construction hasn’t been explore, with the city, the idea of 1 Yearsome $249.00 of the suburb’s most affordable units, 1 Year $249.00 established. increasing the density of this site SubscriptionEdwards added.Services Subscription Services 100 800-451-9998 | Fax 800-329-8478 Maple Grove is primarily known Proposed to help meet the market demand,” 800-451-9998John Duffy, | Fax 800-329-8478president of Duffy Develop- for single-family houses, but multi- units in the developer added. [email protected], said at an Aug. 31 Planning Commis- [email protected] family construction has been on second So far, the city appears to be sion meeting that rents for the second phase Published every morning except Sunday, Monday and holidays, the rise there in recent years. phase of receptive to those plans. Edwards Publishedwill range every morning from except $734 Sunday, per Mondaymonth and for holidays, a one-bed- Bottineau by FINANCE AND COMMERCE, INC., 730 Second Avenue South, by FINANCE AND COMMERCE, INC., 730 Second Avenue South, Through August, the city had said in an interview that the devel- room apartment to just under $1,000 for a Suite 100, Minneapolis, MN 55402. Telephone: 612-333-4244 Ridge Suite 100, Minneapolis, MN 55402. Telephone: 612-333-4244 handed out 112 permits for 371 new oper’s assessment of the need is or three-bedroom.800-397-4348. E-mail: info@ Duffy finance-commerce.com. couldn’t be reached or 800-397-4348. E-mail: info@ finance-commerce.com.
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