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Hot Property: 1101 West
Broadway
Excerpted from Star Tribune,
September 24, 2006
Type:
Office/Retail
Area:
12,000 square feet
Cost:
$3.8 million
Developers: The
Ackerberg Group
Pillsbury United
Communities
Welsh Companies
Details:
As
soon as the zoning details can be ironed out and
the developers can close on the property,
renovation of the city-owned 1101 West Broadway
Building can begin. Its backers hope the
rehabilitation helps give a spark to a nascent
effort to turn the North Side's main
thoroughfare into a bustling center for the arts
and small business.
The developers have put together a
public-private partnership to own the vacant
brick building at the high-visibility corner of
W. Broadway and Emerson Avenue N., and to
operate it with a City-County Federal Credit
Union location on the first floor and the
offices of the EMERGE Center, a social services
provider, on the second floor.
In
addition, a 700-square-foot coffee shop, the
Bean Scene, would be at street level. The
developers hope to begin work on the extensive
rehabilitation job before winter sets in and
have a grand opening next spring.
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The EMERGE model of
building strong communities is based on building
partnerships that serve individuals and
families, helping connect people who need jobs
and housing with the resources they need to be
successful in all aspects of their lives. Our
partners share our capabilities and bring new
capabilities that enable individuals to build
stable homes. |
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1101 West Broadway is a collaborative project
that will serve as the new EMERGE Community
Employment & Economic Development center. City
County Federal Credit Union and a coffee shop
utilize the space on the first floor; EMERGE is
located on the second floor.