‘Building Community’ Sustainable event shows future New chapter of city’s landscape for Cleantech Open Midwest Page 2 Page 3 PERIODICALS POSTAGE | $1.50 Tuesday | September 1, 2015 FINANCE-COMMERCE.COM VOL. 128, NO. 171 TCF’s Dahl to become CEO Option to Bill Cooper will remain buy soccer as chairman through 2017 BY KARLEE WEINMANN Staff Writer stadium Longtime TCF Financial Corp. CEO Bill Coo- per will step down next year, the lender said site expires Monday, clearing the way for vice chairman and President Craig Dahl to take over. The change will take effect Jan. 1, but Cooper, who joined the bank in the 1980s, will remain Team wanted land chairman through 2017. TCF’s board unanimous- ly approved Dahl as Cooper’s replacement, con- near Minneapolis cluding a lengthy succession-planning effort. Dahl started at TCF in 1999 as head of the Farmers Market bank’s equipment finance divi- BY KARLEE WEINMANN sion after more than 20 years Staff Writer at other high-profile financial 400 services companies. He later The chances of bringing a Estimated took over as president and CEO professional soccer stadium to TCF bank of Winthrop Resources Corp., a Minneapolis dimmed Monday as branches TCF subsidiary that specializes the window tightened for team Source: TCF in technology finance. owners to buy and develop a se- He was appointed vice chair- ries of parcels in the North Loop man in 2012 and promoted to neighborhood. president earlier this year. In his current role, A group of Minnesota Unit- Dahl oversees TCF’s half-dozen lending busi- ed FC team owners earlier this nesses, as well as retail banking and information year sharpened their focus on a technology operations. site near the Minneapolis Farm- “I believe that Craig is the right person to lead ers Market, including parcels on TCF going forward,” Cooper said in a statement. Royalston Avenue near a station “He has been a vital part of TCF’s successes on the future Southwest light rail during his tenure, especially the transformation transit line. But an option offi- of the company that has taken place over the cially expired for the owners, led past several years.” by former UnitedHealth Group Dahl’s savvy with national lending platforms CEO Bill McGuire, to take over is particularly valuable, Cooper said. The bank the properties. — with $19.8 billion in assets and nearly 400 It was unclear whether cur- branches in eight states — has recently rejig- rent property owners would ex- gered its business to match up with an evolving tend the timetable or whether banking industry. the team owners were prepared Monday’s announcement comes after TCF de- to buy the land. They didn’t re- cided last year to consolidate Twin Cities staff- spond to requests for comment. ers into a 400,000-square-foot leased space at But difficulty swinging Minneap- the Plymouth Corporate Center, at 1405 Xenium FILE PHOTO: BILL KLOTZ olis Mayor Betsy Hodges in favor TCF President Craig Dahl, who will replace outgoing CEO Bill Cooper next year, speaks at a June event unveiling the bank’s new corporate campus in Plymouth. TCF to page 36 SOCCER to page 36 More senior housing projects proposed for Richfield BY BRIAN JOHNSON development with similar housing types on the Staff Writer north portion of Richfield’s former city garage site bounded by 76th and 77th streets, and Pill- Richfield may see more diversity in its senior sbury and Pleasant avenues. housing stock in the near future as two sepa- Other members of the development teams rate developers are looking to add nearly 200 couldn’t be reached for comment Monday. memory care and assisted living units to the City policymakers got an initial look at the first-ring suburb. plans during an Aug. 11 workshop session. No The proposals include a preliminary plan action was taken on the proposals, which are from Bloomington-based United Properties in the “very preliminary stages,” said Karen and St. Richard’s Catholic Church for 100 such Barton, the city’s assistant community devel- units on church-owned property near 76th opment director. Street and Penn Avenue. Though the suburb is already well-stocked Father Mark Pavlik of St. Richard’s declined with housing for older residents, most of the to discuss the proposal except to say that the existing units are geared toward independent STAFF PHOTO: BILL KLOTZ plans are in the early stages. living, Barton said in an interview. Nearly 200 new senior housing units may be coming to Richfield, including The other plan comes from Edina-based a proposed 100-unit development on this former city garage site along the Mesaba Capital, which is pitching an 86-unit south side of 76th Street between Pillsbury and Pleasant avenues. RICHFIELD to page 36 2 Finance & Commerce finance-commerce.com Tuesday | September 1, 2015 Exhibit shows future of city’s landscape BY BRIAN JOHNSON Staff Writer A glimpse into the future of the chang- ing downtown Minneapolis landscape will be on three-dimensional display this week as part of the annual Building Com- munity Exhibition. The free event Wednesday and Thurs- day in the IDS Crystal Court, 701 Nicollet Mall, features models and displays of lo- cal projects ranging from the new Nicol- let Mall in downtown Minneapolis to the five-block Downtown East development and Vikings stadium. Peter Bruce, founder and organizer of the 16th annual event, said the exhibition touches on 50 projects 186 in all and is expected Projects to to attract about 2,000 be featured visitors. in Building The exhibition Community “shows why the down- Exhibition town skyline and streetscapes … will look very different in two years,” Bruce said. The Twin Cities construction mar- ket has seen its share of ups and downs during the show’s history. Unlike the lean years, it “didn’t take much effort” this year to find notable projects to showcase, STAFF PHOTO: BILL KLOTZ Bruce said. Peter Bruce, founder of the Building Community Exhibition, holds an aerial photograph of downtown Minneapolis that will be Bruce said a “visual centerpiece” of part of the 16th annual event. The event is Sept. 2 and 3 in the IDS Crystal Court, 701 Nicollet Mall in Minneapolis. the exhibition will be a model of the five blocks that encompass the $420 million between the downtowns of St. Paul ESG Architects, HGA Architects & Wednesday’s presenters include Downtown East development, which and Minneapolis. Engineers, Kraus-Anderson, Pedes- Hennepin County Commission- is under construction in downtown In addition, the event will feature trian Studies, Ryan Cos. US Inc., the er Peter McLaughlin and Ryan Cos. Minneapolis next to the new Vikings models of about 20 apartment build- Metropolitan Design Center and the vice president of development Tony stadium. ings and four to five hotels, said Bruce, Minneapolis Downtown Council. Barranco. A highlight on the St. Paul side is an founder of Minneapolis-based Pe- Each day at noon, development and On Thursday, Minneapolis Downtown aerial image of the Green Line light destrian Studies, a pedestrian traffic design experts will make presenta- Council President and CEO Steve Cra- rail corridor, which will show the new consulting business. tions and answer questions as part of mer and Perkins + Will design principal developments along the 11-mile route Exhibitors include BKV Group, the event. Dave Dimond will be on hand. Rock Solid Science This luxury high-rise reached rare heights using research and testing by Braun Intertec. Soon it will be a home to hundreds of people and pets. They’re going to love the view. See how we did it. The Science You Build On. To see the science our clients built on, go to www.braunintertec.com/LoringPark Tuesday | September 1, 2015 finance-commerce.com Finance & Commerce 3 Tuesday | July 7, 2015 finance-commerce.com Finance & Commerce 5 SUSTAINABLE NewResiliency chapter is nextfor Cleantech stage for buildingOpen Midwest design BY FRANKEditor’s JOSSI note: The Sustainable feature designstarted, is MNPHARMA, whether we are grows going plants to try such Specialruns to the Finance first & CommerceTuesday of each month. toas manage marijuana a 1,000-yearfor medical rainapplications. event, as we do now for a 100-year event. 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