Showing posts with label artist lofts. Show all posts
Showing posts with label artist lofts. Show all posts

Saturday, November 27, 2010

Art Changes Lives

CHS art students back from trip of a lifetime

Crookston Times Nov. 15, 2010

Crookston High School art students and their chaperones, including their instructor Gary Stegman in front, pose before the backdrop of Chicago lights.

A group of 25 Crookston High School art students and their chaperones returned last week from a five-day trip of a lifetime to Chicago, where they attended plays such as "Romeo and Juliet" and "The Lion King," visited art galleries and took in the sights of the city. Students paid for the trip themselves and also got to experience riding on a train there and back.

Stegman: Art trip to Chicago could change lives

By Mike Christopherson, Managing Editor
Posted Sep 29, 2010 @ 12:00 PM
Crookston —
On one level, it's a field trip to Chicago that focuses on art and culture. But there are many other levels to the upcoming trip that 18 Crookston High School students will embark on in early November, CHS art teacher Gary Stegman told the Crookston School Board, which put its official stamp of approval on the trip this week.
    "I can't emphasize the benefits of this trip enough," he said. "They're going to ride public transportation in a big metro area, they're going to walk about five miles a day, they're going to eat real Chicago deep-dish pizza, they're going to meet homeless people, they're going to learn compassion and, of course, learn about art history and culture."
    CHS students in recent years have taken an art-themed trip every other year,  usually to the Twin Cities. The last time the group went to Chicago was four years ago, Stegman said, and he knew soon after that successful trip that students needed to return. The trip itinerary for this year's four day/five night trip from Nov. 2-6 looks very similar to the itinerary from four years ago, he explained, including the Amtrak train transportation, and a visit to a major museum every afternoon, sandwiched by various activities in the mornings and afternoons. Even most of the chaperones going along this time took the Chicago trip four years ago, Stegman said.
    Eight students, mostly seniors with some juniors and sophomores sprinkled in, are going on the trip, which costs each of them around $700. They've done all of the fund-raising themselves, Stegman said, so the trip isn't costing the school district any money.
    "I promise the parents every time we take this art trip that their kids will come back changed," he said. "They don't just learn about art and culture, they learn compassion."
    The students will write journals during the trip and author papers when they return, Stegman added.
    The art trip tradition has boosted the CHS art program itself, he contends, adding that more CHS art students advance to state art competition now than they did before the trips began. They're also being awarded significant college art scholarships, Stegman added.
    Asked by board member Robin Brekken about safety and liability issues, Stegman assured board members that safeguards are built into the trip, and they basically come down to "what do you do if something happens." Students travel in groups, he said, and have access to cell phones. "There's a chain of command, where everyone is watching somebody," Stegman explained. "We want these people to see that life is different elsewhere, and that life is pretty good right where they are now."

 

Monday, November 1, 2010

Could we interest them in small town America?

"Apartment conversion planned for vintage building on LRT line

Posted: 2:30 pm Mon, October 25, 2010
By Burl Gilyard

Bill Klotz)
Ironton Asset Fund LLC has closed its first deal, buying the vintage Chittenden & Eastman Building (pictured) along University Avenue in St. Paul. (Photo: Bill Klotz)
Jim Stolpestad and other investors put together the Ironton Asset Fund LLC about a year ago with the goal of buying distressed real estate.
Now, Ironton has closed its first deal, buying the vintage Chittenden & Eastman Building along University Avenue in St. Paul. Stolpestad said the plan calls for converting the building to market-rate apartments.
“It was about as distressed as you could get. There were multiple loans in default,” said Stolpestad, founder and chairman of St. Paul-based Exeter Realty Company and chief executive manager for Ironton Asset Fund, an affiliate of Exeter.
The seven-story building at 2402-2414 W. University Ave. dates to 1917 and sits within the University-Raymond Commercial Historic District. The building is about 132,000 square feet.
“It could accommodate roughly 100 to 105 units depending on the layout,” Stolpestad said.
The property is at the western edge of St. Paul, near the border of Minneapolis and the intersection of University Avenue and Highway 280. The property will be just steps away from the future Raymond Avenue Station on the Central Corridor light rail transit line.
“It’s got a lot of potential. For various reasons, the potential hasn’t been realized. Light rail is bound to make a huge difference over time, so we think this is a good play,” Stolpestad said. “We were just fortunate to be able to put the pieces together. It’s a great building with great bones.”
Stolpestad said the building has approximately 30 tenants on month-to-month leases, primarily small office tenants and artists with studio space. He said they would like to start construction on the conversion of the building next spring.
Stolpestad said the property should be eligible for state historic tax credits, a new finance tool for developers to supplement federal historic tax credits. The new state tax credits were part of the Minnesota Jobs Stimulus Bill, which Gov. Tim Pawlenty signed in April.
“The tax credits are really important,” Stolpestad said. “I’m not sure anyone has actually completed a state tax credit deal yet. … Hopefully, it will work as it appears to.”
The sale closed Oct. 15. Stolpestad declined to say what the group paid for the property, but said “it was a lot less than the seller was asking.” The property had been listed for $3.7 million.
Property records list the previous owner as St. Paul-based J&A Properties Group.
Julie Lux, associate vice president with the Minneapolis office of Cassidy Turley, brokered the sale of the building.
“There was a lot of initial interest,” Lux said. “After the state historic tax credits passed in April of this year there was heightened interest, but at that point we already had the building under contract.”
The $10 million Ironton Asset Fund was put together to acquire “operationally distressed” real estate. But despite the increasing number of distressed commercial properties, many investors aren’t finding much to buy.
“That has been an issue. In our case, we were fortunate to find this,” Stolpestad said. “It’s tough to find things. The whole distressed real estate scene has developed more slowly than a lot of people thought it would. That’s been our conclusion, anyway.”
Ironton has already tapped the Minneapolis-based BKV Group as the architect for the project.
“BKV did the work on the Carleton Lofts, so they’ve got good experience with the area,” Stolpestad said. The nearby Carleton Artist Lofts were industrial buildings converted in recent years into apartment buildings with 169 units.
Chittenden & Eastman Company traces its history to 1866. The company manufactures mattresses. New Jersey-based Eastman House is still in business and produces a line of Chittenden & Eastman mattresses.
The apartment project has no formal name at this point.
“For the time being, we’re just calling it the C&E Building,” Stolpestad said.
Stolpestad said that Ironton is close to putting another property under contract and is looking for more deals.
“We’re on the lookout for other opportunities,” Stolpestad said."

Reblog from Finance and Commerce:  http://bit.ly/bGyobu