50th and France Avenue
The 50th and France retail project was completed in the spring of 2001. France Partners, LLC built a two-story building with offices on the upper level and retail on the ground floor. The project has underground and surface parking. A gas station, two office buildings, and one house were demolished to make way for the development.
|
Developer: |
France Partners, LLC |
|
City Investment: |
Pay-As-You-Go Tax-Increment Financing, which places the financial burden on the developer, and not the City of Minneapolis |
|
Financing: |
$1.8 million Pay-As-You-Go TIF |
|
$400,000 Net Debt Funds for public improvements. |
|
|
Total Development Cost: |
Approximately $5-6 million |
|
Site size: |
43,000 square feet; 41,000 square feet of retail/office |
|
Parking: |
84 underground spaces; 45 surface |
|
Construction Start: |
2000 |
|
Completion Date: |
2001 |
|
Contact: |
CPED Project Coordinator Judy Cedar (612) 673-5025. |
Information subject to change.
December 2001
Last updated Oct. 28, 2011