FROST named Winner in 2011 NAIOP Awards of Excellence
January 26, 2012
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Makeover masters
November 1, 2011
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A couple of rundown blocks with empty restaurants are getting a fresh look from a veteran developer. Northeast-based Hillcrest Development plans to buy the former Burger King at 1717 Central Ave. NE, as well as the old Totino's corner at 523 Central Ave. NE.
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New Hope Warehouse Cleaned Up, Renovated
October 28, 2011
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The building was falling down, full of lead contamination and not to mention, unattractive...a blight on the city and the surrounding neighborhood. Now the City of New Hope is celebrating the rebirth of a warehouse with an Open House on November 3rd.
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New projects on menu for Hillcrest
September 8, 2011
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Minneapolis-based Hillcrest Development has always had an appetite for down-on-its-luck real estate. Now the company is rolling up its sleeves to tackle two former restaurant sites. Two weeks ago, Hillcrest closed on its purchase of 519 Central Ave. N.E. in Minneapolis, home to the former Totino's Italian Kitchen.
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A blank canvas
September 1, 2011
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The pristine white space that houses the offices of furniture company Blu Dot was used to assemble airplane wings during World War II. It is a warehouse that boasts lofty 60-foot ceilings, large clerestory windows, and...not much else.
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A new hope for blighted Burger King
February 28, 2011
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NORTHEAST PARK - The empty Burger King at 17th and Central is under contract with a buyer looking to redevelop the corner, according to the site's listing agent. What the buyer wants to build is not yet known, however - the parties are bound to silence as part of the purchase agreement, and the city hasn't yet received a land use application. The closing is expected in six months.
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Cleaning up pollution, creating jobs
July 30, 2010
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A legacy of industrial pollution and the specter of a costly and lengthy environmental cleanup can be show stoppers for developers, particularly when trying to secure private financing for a project. With the Crown Center development in Northeast Minneapolis, Hillcrest Development saw a true diamond-in-the-rough opportunity. the complex, a conglomeration of interconnected buildings with significant environmental contamination issues and illegal and unsafe uses, presented a daunting challenge.
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A new scent in the air in Northeast
October 1, 2010
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Central and Broadway - The smell of linseed oil near Central & Broadway is being replaced this fall with the milder scent of artist studios and research firms. "Longer than a year-and-a-half ago, there was a horrible smell in Northeast Minneapolis," said Scott Tankenoff, managing partner of Northeast-based Hillcrest Development. "I could smell it in this office a mile-and-a-half away."
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Banks shied away, but project is on track
November 6, 2008
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Scott Tankenoff, the developer behind the resurrection of the former Crown Iron Works site near the rebounding intersection of N.E. Broadway and Central Avenue in Minneapolis, envisions up to 250 new jobs at the complex and an adjacent site within a year or so. Tankenoff's Hillcrest Development, which specializes in born-again properties, self-financed nearly $8 million worth of acquisition and redevelopment costs.
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Crown Center Revitalization
November 3, 2008
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Until this year, the Crown Iron site near Central and Broadway Avenues in Northeast Minneapolis was an unattractive and underutilized property. The extensive contamination was deterring reinvestment and redevelopment of the site. However, because of the unique collaboration between Hillcrest Development, the City of Minneapolis and Braun Intertec, the property has been transformed into the Crown Center, a property credited to bringing more than 100 jobs to the area.
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