Press

Empire Coffee Expands with Highlight Center Cafe

August 10, 2016

The Northeast-based coffee shop will open a second location in Highlight Center.

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Highlight Center named Finance and Commerce Top Project of 2015

July 29, 2016

 
 
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Tech company Delaget moves to bigger HQ and plans more hiring

July 18, 2016

Restaurant-software company Delaget has moved into larger digs to accommodate its growing staff. The company relocated from Eden Prairie to 15,000 square feet at 5320 West 23rd St. in St. Louis Park. The space is about 60 percent larger than Delaget’s previous offices.

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NBC Sports Buys Software Maker Sport Ngin

July 15, 2016

Sold: Sport Ngin, a Minneapolis-based maker of software that youth sports leagues and other organizations use to manage their websites.

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Minneapolis data start-up Sport Ngin is acquired by NBC Sports

July 12, 2016

Minneapolis start-up Sport Ngin has been sold to NBC Sports Group, capping years of rapid growth and plentiful financing for the software company.

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Architects Make What’s Old New Again

July 7, 2016

RoehrSchmitt worked on the Crown Center, where the architects opened up an abandoned exterior zone and turned it into an urban garden that encourages visitors to check out the nearby Bauhaus Brew Labs.  RoehrSchmitt also has offices at the complex.

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Employers Want You

June 26, 2016

With a tightening labor pool and below-average unemployment, Minnesota companies are offering unusual incentives to attract and retain qualified workers.  Sports application Sport Ngin has a pair of taps dispensing beer at the end of the work day, free for employees in their common area.

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The Twin Cities Underrated Architecture

June 10, 2016

The Business Journal asked local architecture firms which buildings or structures they think are the most underrated in the metro area and why.  The answers were diverse and provide a glimpse of some metro area structures that aren’t always front and center in postcards, but hold their own in significance for design and staying power.

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Hillcrest sells site on Blue Line to nonprofit

June 8, 2016

The Twin Cities Community Land Bank one day hopes to redevelop a highly visible industrial-office site along the Blue Line light rail route in south Minneapolis.

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Land Bank buys Blue Line site with eye on housing

June 8, 2016

The Twin Cities Community Land Bank, a nonprofit that focuses on building affordable housing, has bought a site along the Hiawatha Avenue light rail line in Minneapolis for future development.

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Finance & Commerce names Top Projects of 2015

May 26, 2016

Highlight Center was named by Finance and Commerce as a Top Project of 2015.

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A once-iconic office park in Edina offers an up-close look at how aesthetic styles change

May 5, 2016

If you’ve paid any attention to large-scale real estate development in the past 20 years – and come on, if you read MinnPost, there’s a better than likely chance you have – you’ve already read reams of copy about the future of Pentagon Park, the once-iconic Edina office park at Highway 100 and Interstate 494.

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Westside Center celebrates renovation in St. Louis Park

March 4, 2016

The opening of Westside Center was formally celebrated Wednesday, Feb. 24, at the former Nestle facility on the west side of Highway 100. Hillcrest Development purchased and renovated the 278,000 square-foot site in August 2014, and is now home to 12 businesses and is 96 percent filled. 

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400 new jobs in St. Louis Park

February 28, 2016

The sweet smell of success in St. Louis Park used to come from the Ovaltine plant. Last week that sweet smell returned, figuratively, with the old factory’s reopening as Westside Center, a multiuse industrial and commercial hub.

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Hot Property: A new industrial park planned for Cottage Grove

January 29, 2016

Details: A development group looking to bring more than a half-million square feet of new industrial warehousing capacity to the southeastern Twin Cities entered the approval process in Cottage Grove.

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New multi-tenant office spaces bring businesses to NE

January 13, 2016

“Our office was located near Loring Park on the edge of the downtown business district.  The space was larger than we needed and had no parking for visitors,” said Mina Adsit, “our office at the Highlight Center is easy for visitors to find, has amply parking and is newly renovated.  Being located in a historic building fits with our architectural practice.”

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Book of Lists: Top Real Estate Developers

January 9, 2016

Companies ranked by square feet developed in the metro area from 2012-2014.

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Highlight Center Opens

January 1, 2016

The former Minneapolis Public Schools (MPS) headquarters building at 807 Broadway Street NE re-opened as the Highlight Center in 2015. When MPS decided to move their headquarters to a new location, they and the City of Minneapolis undertook a careful selection process with significant input from the Logan Park community’s 807 Broadway Task Force.

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Inside the real estate developer’s head

December 1, 2015

From a practical perspective, developers hire architects to design the buildings they construct to make money.  But Peter H. Brown, an architect and urban planning consultant, believes there is more to the way many developers think about projects that their architects might sometimes overlook.

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Able Seedhouse and Brewery is now open

November 6, 2015

Able Seedhouse and Brewery opens today in Northeast Minneapolis’ Logan Park.  Co-founder Casey Holley built the new, farmer-centered brewery and taproom out of a 10,000-square-foot building on the site of a former Minneapolis Public Schools headquarters, now the new Highlight Center.

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Tap Talk : Able Seedhouse And Brewery

November 5, 2015

For avid beer drinkers, when it comes to the taste of an IPA it’s all about the hops.  In the same vein, brewers and drinkers alike know that by simply changing the yeast from American to European alters the flavor greatly.  So, what happens what you alter the grains? And, more specifically, what happens when you use Midwest grains.  Are we able to taste a difference?  That is the idea that brought Casey Holley into the brewing business.

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Able Seedhouse And Brewery Opening November 6

October 28, 2015

Casey Holley, co-founder of Able Seedhouse and Brewery, said this past spring that its doors would open to the public in the fall, and he has stuck to his word. On Wednesday morning, Able confirmed through its social media channels that its official opening is Friday, November 6.

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Highlight Center brings new synergy and office space to “white hot” Northeast

August 25, 2015

“Northeast is white hot right now,” says Scott Tankenoff, managing partner, Hillcrest Development, about the Minneapolis neighborhood. Hillcrest redeveloped the historic Frost and Crown Center buildings adjacent to Broadway and Central avenues, and will officially open the Highlight Center (a former GE Mazda light bulb factory, and more recently workshops and administrative offices for the Minneapolis School District) on Tuesday, September 15.

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Able Seedhouse creating farm-to-table brewhouse in northeast Minneapolis

August 6, 2015

The site at 1121 Quincy St. NE. has long been forgotten, a graveyard of auto parts and a school bus garage for the city of Minneapolis. Sort of a dumping ground really. The grit of the space is on full display as you drive down the street. Broken bricks protruding from the street — leading you to a beautiful 1913 brick building lost in time.

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C&W/NorthMarq will market Hillcrest’s Pentagon Park

June 16, 2015

Bloomington-based Cushman & Wakefield/NorthMarq will represent Hillcrest Development in its redevelopment of the 42-acre former Pentagon Park site in Edina, the companies announced Monday.

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Hillcrest remakes an Edina office park for a new generation

June 13, 2015

One suburban office park that was cool, then uncool, is slated to be cool again — at a cost of $500 million.  Hillcrest Development has started to transform Pentagon Park, an outdated, sprawling center at a key highway junction in Edina, into a complex unlike any in the Twin Cities metro area — one with distinctive features for the generation of young adults who, with the retirement of the baby boomers, will soon dominate the work world.

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Hillcrest sells six northeast Minneapolis arts district buildings

June 5, 2015

Hillcrest Development has sold six buildings in the heart of the northeast Minneapolis arts district for more than $25 million.  The sale to Sara Investment Real Estate of Madison, Wis., totals nearly 300,000 square feet, including the Crown Center and Frost buildings, which are both renovations of industrial buildings into attractive office space.

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Hillcrest closes $25M sale of Northeast Minneapolis portfolio

June 4, 2015

Hillcrest Development has closed on its sale of six Northeast Minneapolis properties for $25.6 million.  I reported in Friday’s Weekly Edition that Minneapolis-based Hillcrest was selling about 300,000 square feet of office and warehouse complexes to Middleton, Wis.-based Sara Investment Real Estate.

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Sara Investment Buys Crown Center Buildings

June 3, 2015

MINNEAPOLIS—Northeast Minneapolis has become one of the more vibrant sections of the city, home to redeveloped warehouse and industrial buildings that now house art galleries, shops, restaurants and offices. And Sara Investment Real Estate, LLC, a Madison, WI-based company, has just established a foothold in the neighborhood by buying the Crown/Frost buildings in the Crown Center complex, a former factory where airplane components were manufactured in WWII. The price was not disclosed.

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After revamps, Hillcrest sells three Northeast Minneapolis properties

June 1, 2015

Hillcrest Development has found a Wisconsin-based buyer for a portfolio of fully leased office warehouses in Northeast Minneapolis.

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Hillcrest Development, Opus to Develop Industrial Park

June 1, 2015

Hillcrest Development, LLLP and The Opus Group will develop a 40-acre industrial business park in Cottage Grove.  The property is located south of U.S. Highway 61 at the northwest corner of Hemingway Avenue South and 91st Street South adjacent to Hamlet Park.

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Tankenoff Named Business Person of the Year

May 21, 2015

Renovating old industrial space into Bauhaus Brew Labs, taking on demolition and restoration at the 43-acre Pentagon Park in Edina and many other projects, Scott Tankenoff of Hillcrest Development does not shy away from challenges, according to Hillcrest employee Charlie Nestor.

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Firms propose new industrial campus near Cottage Grove’s Hamlet Park

April 22, 2015

Two developers are working on a new industrial park in Cottage Grove that would feature rail access and large tenants.

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Hillcrest Development, Opus to Develop Industrial Park in Cottage Grove, Minn.

April 22, 2015

Hillcrest Development LLLP and The Opus Group will develop a nearly 40-acre rail-served business park in Cottage Grove, Minnesota. The land sits south of US Highway 61 at the northwest corner of Hemingway Ave. South and 91st Street South adjacent to Hamlet Park in Cottage Grove.

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In Cottage Grove, industrial projects pick up steam

April 22, 2015

The big industrial projects just keep coming in Cottage Grove.  Minneapolis-based Hillcrest Development and the Minnetonka-based Opus Group on Tuesday announced plans for the 40-acre Southeast Industrial Park, a multi-phased industrial project on the northwest corner of Hemingway Avenue South and 91st Street South. The park could include between 425,000 and 550,000 new square feet of projects, split between two to four buildings.

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Building Blocks: Crown Center

April 16, 2015

The Crown Center is a jumble of 12 adjacent one- and two- story buildings surrounding a courtyard parking lot in front of the popular Bauhaus Brew Labs.  The 2.5-acre complex features the typically appealing warehouse aesthetic of large windows and exposed brick walls knit together by less-than-linear corridors. Parking surrounds the building on all sides.

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Able Seedhouse + Brewery to open in Northeast Minneapolis this fall

April 16, 2015

A new beer company is transforming a former light bulb factory into a 10,000-square-foot brewery and malthouse.

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Blu Dot furniture to open its first outlet store

March 20, 2015

Blu Dot, the Minneapolis-based manufacturer of modern furniture, is dropping its popular warehouse sales and replacing them with an outlet store.  The new store will be located at the current location of the company offices at 1323 Tyler St. NE. in Minneapolis and open weekends only. The offices will move next door in April. The warehouse in Rogers, where the sales were held before, will move to Otsego.

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Schafer Richardson trust, Hillcrest close $6M deal

March 5, 2015

Hillcrest Development managing partner Scott Tankenoff liked the business model of the realty trust buying two of his company’s buildings so much that he and Hillcrest invested in the trust.

Minneapolis-based SR Realty Trust, an entity related to developer Schafer Richardson, paid $6.085 million for a pair of northeast Minneapolis office-industrial renovation projects by Minneapolis-based Hillcrest, of which Tankenoff is managing partner.

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Just Sold: Hillcrest industrial rehab draws new tenant, new buyer

February 19, 2015

The vacant, aging industrial building at 900 Hennepin Ave. E in Minneapolis wasn’t much to look at when Minneapolis developer Scott Tankenoff bought it in 2008 for $489,590.

Built in 1919 on a 4.3-acre triangle of land, the 43,554-square-foot building had survived many uses. The latest was as a metallurgical heat-treating facility that left the site in need of soil remediation.

Tankenoff, managing partner of Hillcrest Development, saw potential, however.

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Pentagon Park building goes up in smoke — for a good cause

November 26, 2014

About a dozen fire departments from around the Twin Cities held a training exercise last week in Edina at the Pentagon Park office complex.

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Hillcrest signs first tenant in former Minneapolis School District HQ building

October 21, 2014

It’s as much about the tone of a tenant as it is about the size of one, says Scott Tankenoff of Hillcrest Development.  And that’s why the developer is thrilled that Sport Ngin is the first business to sign a lease in Hillcrest’s renovation project at 807 Broadway in Northeast Minneapolis, the former site of the Minneapolis School District headquarters.

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Dozens swing hammers as Pentagon Park in Edina begins to come down

October 21, 2014

There were an awful lot of people eager to see Pentagon Park in Edina come down — including the man whose father built it 46 years ago.  Mark Rauenhorst, son of the late Gerald Rauenhorst, was among the dozens who grabbed a hammer on Tuesday and took a swing in a demolition ceremony marking the beginning of Pentagon Park’s redevelopment.

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Sport Ngin will move to former Minneapolis Public Schools headquarters

October 20, 2014

Sport Ngin, which makes software for managing sports league websites, is expanding and moving its headquarters to the former Minneapolis Public Schools offices in Northeast Minneapolis.

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The Fish Guys headquarters is moving out of Minneapolis

October 15, 2014

St. Louis Park will soon be home to The Fish Guys, the wholesale seafood supplier currently based in Minneapolis’ North Loop neighborhood.

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Pentagon Park: Out with a bash, not a bang

October 10, 2014

Oct. 22 will be the beginning of the end for Pentagon Park in Edina.  Minneapolis-based Hillcrest Development has set that day for a demolition event, which marks the start of redevelopment for the 8-acre site at the intersection of West 77th Street and Highway 100.

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Zerorez will keep growing in former Nestle factory

October 6, 2014

Carpet-cleaning firm Zerorez will move its Minnesota headquarters to St. Louis Park later this year.

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Fast-growing carpet cleaner Zerorez moving headquarters to St. Louis Park

September 30, 2014

Zerorez sounds like a growing company whether you spell it backward or forward.  The privately owned carpet cleaning firm will move its Minnesota headquarters to St. Louis Park later this year, shifting almost 170 employees out of cramped offices and a tight parking lot in Richfield.


Back to school, finally: Hillcrest rehabs district HQ

September 22, 2014

Minneapolis-based Hillcrest Development spent nearly 18 months waiting to close on the former Minneapolis Public Schools building in northeast Minneapolis. Now, with the property under its control, it may only take four or five months to ready the 90-year-old building for its next life as commercial office space.

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DEED Awards $1.7 Million for Redevelopment Projects

September 19, 2014

Edina received $625,000 for demolition costs at the 8-acre Pentagon Park redevelopment project. A 200-room hotel and 250,000-square-foot office building are planned at the site. Officials expect the project to create 293 jobs, retain 268 jobs and increase the tax base by $2.8 million. The developer, city and Metropolitan Council will provide matching funds.

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