Agenda - Council - 02/24/1981 - Laserfiche WebLink

Home

/Vi. IVJ. TO · MEMBER W.H. TRAISER CO. FORMED Bill Traiser, S.I.R., annouces the formation of the W.H. Traiser Company. The new firm is located at One Apple- treat Square in Bloomington. Minnesota, and will concen- trate on the sale and leasing of commercial and industrial real estate. FREDERICKSEN ADVISOR TO APPLETREE David C. Fredericksen has joined Appletree Enterprises, Inc. as a Financial Advisor for that firm. In his new position, Dave will help locate financing for the several office building and hotel projects Appletree has under development in such cities as Flint, Michigan; Richmond, Virginia; and Fort Meyer, Florida. Appletree is a subsidiary of EIlerbe, Inc. and can do all phases of a project, including designing, building, manag- ing and developing. Future plans include primarily ioJnt venture financing of these major developments with down- town locations. FABCON ANNOUNCES PROJECT FOR SHELDAHL IN NORTHFIELD Fabcon, Incorporated of Savage, Minnesota, announces that they have a contract with Sheldahl, Incorporated in North- field, Minnesota, to furnish insulated, precast concrete panels around the entire perimeter of a 115.000 square foot office, warehouse and manufacturing facility. The new facility will be located in the Sheldahl Industrial Park on Highway 3 at the north edge of Northfield. Sheldahl will be working as their own contractor. The architect is William McKeag of Apple Valley, Minnesota. Construction began in December. ]980 and completion is planned for July. Sheldahl was founded in 1955 in Northfield, Minnesota. The company is made up of three primary divisions: advanced products, electrical products and materials. All of the com- pany's operating divisions share a common technology -- the manufacture, conversion and fabrication of plastic materials. I EfiTi iEllJ Business Center The former school building, constructed in 1952-58, consists of 47,500 ~luare feet which will be completely converted to offi~ space. Westview wa~ originally constructed of red brick, as wa~ the telephone company office immediately to the north of the old school. The developers have retained the red brick exterior on the lower part of the building, and in keeping with this have added a horizontal band of one-by- ~li cedar tongue and groove material which wraps around ~ building. This horizontal motif follows through in the construction of the new multi-tenant office/warehouse which adjoins the renovated office building. A new canopy entrance serves the main enUy to the building. There are several other exciting design features which allow easy conversion to successful suburban office design. One of the most interesting is that each office wing will have the advantage of glass wall areas overlooking landscaped court- yards. A second unusual feature being incorporated into the renovation and marketing of the project is that several of the "classroom" wings have vaulted ceilings with massive ex- One of the more interesting projects to come along in past months is the Westview Business Center, a project developed by Westview Development Company. Westview Development is a partnership which includes Jim Benson (NAIOP member). The project entails the complete renovation of what was formerly the Westview Elementary School on County Road 18 just off the intersection of Highway 55. Westview Business Center is a total single-story facility which eliminates the problems and expense of providing elevator service to a typical two-story school building. posed red cedar beams. The building also has wide hallways seldom found in newer suburban office buildings. The renovation is also giving the building a new contemporary look. In addition to the original building, developers are con- structing 122,770 square feet of office/warehouse space at the rear of the new office building. A permanent loan for this project was arranged with the State Farm Life Insurance Company by Eberhardt Com- pany for nearly $4 million. The project has received excel- lent exposure as a departure from the somewhat sterile, multi-story office building usually ringed by asphalt park- ing lots. Instead, Westview Business Center presents its tenants with a quiet, contemporary building with unique space; all parking is in front of the structure and offices face the landscaped courtyards. Westview BusineSs Center is the renovation of the existing building together with new construction to provide a unified development.