100 East 10th Street - Public Safety Annex building
Exploratory process for potential reuse
In early 2017, the City of Saint Paul’s Housing and Redevelopment Authority was asked to solicit offers from interested developers, exploring the possibility of reuse of the structure as a center for jobs. This process specifically was asking the private development community about the potential for redevelopment as creative office space and other commercial uses, including limited retail.
A staff recommendation to award “tentative developer status” to The Ackerberg Group, allowing the developer 180 days to conduct additional due diligence to further refine the proposal, was approved by the HRA Board on November 8, 2017.
If the proposal is carried forward by the developer, next steps would include negotiation of a development agreement, which will also need approval by the HRA board. Any proposed sale of the building would be preceded by public hearings at the HRA Board and City Council.
About the proposal
Developer: The Ackerberg Group (other successful projects include The Finn and MoZaic)
Offer: Above the building's appraised value; no current request for City subsidy
Estimated taxable value for building after redevelopment: $4.8 to $6.6 million
Addition of jobs: Nearly 200 permanent jobs; new construction jobs during redevelopment
Private funding commitment to enhancing existing park space on block: $650,000 for permanent improvements; additional 20-year maintenance commitment of over $1 million total
Existing park space on the block (to be permanently improved through this project): .45 acres
Total park space still possible on the block following redevelopment of PSA: 2.1 acres
From the developer:
At this stage, our preliminary plan for the Project consists of the following elements:
- Rehabilitate the Public Safety Annex Building into a hub for retail and creative office
- Lease the building to a vibrant mix of tenants that are neighborhood resources and amenities
- Renovate the existing Pedro Park into an accessible neighborhood amenity
- Assume operating expenses for the park for 20 years
- Expand the rear portion of the structure’s 3rd and 4th floors to add square footage for creative
Materials for HRA Board meeting - November 8, 2017
Press Release: City of Saint Paul lists Public Safety Annex for sale to explore potential commercial reuse through private developers
Press Release: Mayor Coleman announces plan for reuse of former police training facility for job growth