Community Planning & Economic Development

Phone: (612) 673-5095
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Depot East

Bounded by Portland, Washington, and Fifth Avenues and Second Street South

The Depot East development, also known as Parcel C, will transform an entire block located east of the Milwaukee Road Depot complex from a parking lot into a vital area that will bring people to work, play, learn and live in the Historic Mills District. The design and uses of the development follow guidelines from the Update to the Historic Mills District Master Plan. The overall design for the area includes several elements:

In addition, the project will result in $320,000 being contributed to the MCDA's affordable housing fund.

Developer: 

CSM Corporation

Financing: 

Private equity

 

Private financing

 

Pay-As-You-Go Tax Increment

City Investment: 

$3.3 million Pay-As-You-Go TIF

 

$300,000 site acquisition (appx.)

 

$525,000 pollution remediation (appx.)

Total Development Cost: 

approximately $45 million

Housing Units: 

22

Parking: 

299 spaces (appx.)

Site Size: 

2.5 acres (appx.)

Construction Begins: 

August 2002

Expected Completion Date:

December 2004

Contact:

CPED Project Coordinator Tom Daniel (612) 673-5079.

Information subject to change.

May 2002

Last updated Oct. 28, 2011