Showing posts with label historic preservation. Show all posts
Showing posts with label historic preservation. Show all posts

Tuesday, December 7, 2010

Baudette has Vision Despite MN Budget Shortfall

From Friend, John Barbour, Architect, comes this article from "Finance and Commerce." http://finance-commerce.com/2010/12/baudette-depot-rehab-steams-ahead/

Baudette depot rehab steams ahead

Posted: 5:48 pm Fri, December 3, 2010
By Scott Carlson
Scott Carlson
Scott Carlson
Thirteen years after a handful of people saved the Baudette, Minn., depot from the wrecking ball, the town’s vacant train station is heading down the rehab track.

Anderson and Hammack Construction of Superior, Wis., has won the bidding to renovate the 87-year-old depot, which preservation activists envision as a historic interpretative center and space for public meetings and artisan studios and galleries.

Work on the $428,000 project is expected to start by January and finish by next July, said Phil Waugh, a project manager at Minneapolis-based Collaborative Design Group. The bulk of the work involves rehabbing and updating the interior of the 3,000-square-foot building, including putting in trim and molding to match the building’s circa 1920s-style architecture.

“The station master’s office and the ticket counter are still there, and we will get them restored,” Waugh said.
Built in 1923, the Baudette depot was a train stop for Canadian National Railways. The depot was in use until the mid-1980s.

The depot sat idle and became a target of vandals until the Depot Preservation Alliance of Baudette bought the building in 1997 for $1 from Canadian National, said Joanne Kellner, an alliance member.
“It [the depot] was a real blight on the town,” Kellner said. “If it hadn’t been for a handful of people in 1997, it would have been knocked down.
”
Baudette, which is home to about 1,100 residents, is in the Iron Range.
Waugh largely credits Kellner for cobbling together financial and administrative support from private donations, federal grants, the Minnesota Historical Society, the Minnesota Department of Transportation and Lake of the Woods County.

For example, the project could have been derailed in September when bids came in higher than the roughly $360,000 the Depot Preservation Alliance had budgeted and raised, Waugh said. But Kellner responded to the challenge by submitting expedited applications and winning more grant money to make up the shortfall, he said.

Much of the supplemental money is coming from a federal Transportation Network grant.
“She [Kellner] has single-handedly pushed this project forward,” Waugh said.

For her part, the 67-year-old former office manager said she has taken a pragmatic course in the last three years to raise funds, drawing upon her work experience and taking some courses in grant writing.
Along the way, Kellner sought the help of Bemidji State University to get architecture students to study the depot and how to reuse it.

This past summer, the alliance sent out surveys to some 700 area residents, schools and businesses asking for ideas on how to reuse the depot, Kellner said. Providing artists a place to work and showcase their creations was among the top suggestions, she said.

“We want to take the old lobby and freight room and turn into an artisans’ marketplace,” Kellner said. “There will be space to hold art and cultural workshops, galleries, music jams as well as open to meeting, receptions and conferences.”

Kellner has witnessed the reinvention of old buildings in other Minnesota communities. For example, a resident of Grand Marais took an old Forest Service school building and converted it into a place for year-round arts classes. She also has visited old train depots, including one in Bemidji restored about 10 years ago for exhibits and special events.

Between renting out the Baudette depot’s second-floor apartment and picking up fees for artists’ studios, art gallery showings and other events, Kellner said she is confident the depot can support itself and become a tourist draw.

“I think we can make it a go of it,” Kellner said.

Still, the depot needs more money, including funds to carry out its operating budget, which could top $50,000 a year, Kellner said.

“These are tough times for political organizations to put up money for things that some consider to be frivolous,” Kellner admitted. “But I hope that when the county and city see that this [depot reuse] is successful, they will step up to the plate to keep it ongoing.”
Whether the city of Baudette will provide ongoing financial support for the depot’s staffing and operations remains to be seen.

“We are in favor of the restoration,” said Baudette council member Donald McKay. “It [ongoing support] is a tough decision to make until we get something in black and white and what is our money situation.”

McKay said the city doesn’t know yet what impact the state of Minnesota’s projected $6.2 billion projected revenue shortfall will have on local government aid to Baudette.

However, the council has expressed interest in assisting the depot project by donating an upgrade in sewer and water service to the train station, in-kind support that would be worth $10,000 to $15,000, he said.

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 




Tuesday, February 16, 2010

"Artspace" is Coming!

 
The Kaddatz Artist Lofts in Fergus Falls, developed by "Artspace!"
YES, the nationally known, non-profit developer, "Artspace" is coming to Crookston on April 14 and 15th!  Mark your calendars now for this great two day visit funded by the Laura J. Musser Fund.  The grant was written by community leaders, Dan Johanneck, Wayne Melbye, Joyce Johnson, James Kent, Sandy Kegler,  Sonia Spaeth, and Kay Hegge. The two-person Artspace team will be visiting with local leaders, artists, and the community about the housing and artistic needs of artists and how they can bring new life to historic downtown.  They will be looking at and studying the potential of three to five sites! one of which is the Palace/Wayne Hotel!   Here is their mission from their website:  www.artspace.org.

The Artspace Mission

Artspace’s mission is to create, foster, and preserve affordable space for artists and arts organizations. We pursue this mission through development projects, asset management activities, consulting services, and community-building activities that serve artists and arts organizations of all disciplines, cultures, and economic circumstances. By creating this space, Artspace supports the continued professional growth of artists and enhances the cultural and economic vitality of the surrounding community.

Artspace does incredible projects all over the nation and they are located right here in Minnesota!  Check it out today:  www.artspace.org!