News
West Side Community Health Services is expected to purchase 4 acres in the Beacon Bluff Business Center for a new medical clinic. The clinic will be built on land at the northwest corner of East Seventh and Forest Streets. The purchase from the Saint Paul Port Authority is expected to close in May 2012.
3M Plant, tower near demolition
A high-profile 3M Co. building and water tower, which some preservationists hoped to save, is close to a date with the wrecking ball, as the St. Paul Port Authority tries to attract new development in the Beacon Bluff Business Park.
By Brian Johnson
June 18, 2011, Finance & Commerce
Environmental Initiative awarded the Port Authority and its partners the group's Sustainable Communities award during its' 2011 conference in May 2011. The award recognized the Port and its partners' work on redeveloping the Beacon Bluff Business Center.
Brownfield Renewal Magazine named Monte Hilleman,the Saint Paul Port Authority's Vice President of Redevelopment, the national magazine's 2010 Person of the Year for his work on redeveloping the 61-acre Breacon Bluff Business Center.Award judges noted that "Hilleman has successfully managed the brownfield redevelopment of the 3M Co.'s former world headquarters in Saint, Paul, MN, into the Beacon Bluff Business Center." The U.S. Environmental Protection Agency also awarded the Port Authority project its regional award during the EPA national conference in April.
Ironton Asset Fund, with deep Saint Paul and 3M Co. connections, purchased 4.32 acres of land in Beacon Bluff to redevelop four former 3M buildings – including the company's former global headquarters. Ironton has a year to prepare its redevelopment plan, secure tenants, arrange acceptable financing and close on the purchase of the sale. The Saint Paul Port Authority, working closely with a community advisory panel, has marketed these buildings for reuse nationally. The Port's Board of Commissioners approved the sale during its October 26, 2010, meeting.
Demolition Magazine featured the Beacon Bluff Business Center on the cover of its September-October issue, along with Beacon Bluff contractor Rachel Construction.
The redevelopment of the Beacon Bluff Business Center received addtional assistance from state and federal brownfield clean-up sources. The Minnesota Department of Employment and Economic Development awarded $950,000 in grants to the project; the Metropolitan Council, $300,000; and the U.S. Environmental Protection Agency increased by $1 million the Port Authority's allocation of clean-up funds, under its revolving loan fund.
June 15-17, 2010
Beacon Bluff finalist for Best in Real Estate 2010
The Minneapolis/St. Paul Business Journal has named the Beacon Bluff Business Center a finalist in its 2010 BEST IN REAL ESTATE contest. The winner will be announced during an April 14 awards ceremony.
April 16, 2010, Minneapolis/St. Paul Business Journal
