Wells Concrete has been selected as the precast supplier by Mortenson Construction (Golden Valley, MN) for the Northern Stacks commercial redevelopment project with Mohagen Hansen Architectural Group (Wayzata, MN) and Reigstad & Associates (St. Paul, MN).
Northern Stacks is a speculative industrial redevelopment project situated on 122 acres in Fridley, MN. The project name comes from the original smokestacks to be preserved on this site from the historic use of this site. The redevelopment site was once the home of Northern Pump Co. which opened during World War II. Northern Pump produced gun turrets and barrels for the US Navy; employing more than 12,000 at its peak. With all the solvents and chemicals used in production and disposed of on-site the US Environmental Protection Agency declared the site a superfund. While the environmental clean-up of this site began in the 1980s it is expected to be delisted from the federal Superfund list this year, according to Hyde. The site offers rail service and excellent proximity to Interstate 694 as well as the industrial opportunities within the 494/694 loop.
The $100 million-plus venture ultimately building 10-12 office/industrial buildings on the site with a 213,000 square foot speculative bulk warehouse facility in the first phase. Paul Hyde with Minneapolis-based Hyde Development is well-versed in brownfield redevelopment and will be offering lease opportunities. Hyde was able to put together a financing package that included a mix of public and private sources. The public sources include $1.3 million in grants from the state Department of Employment and Economic Development (DEED), $4.5 million in tax increment financing from the city of Fridley’s Housing Redevelopment Authority and a brownfield cleanup grand from the Metropolitan Council for $547,000. All in, the project is expected to take 3-4 years to complete. The redevelopment venture is ultimately anticipated to create 3,000 jobs.
Wells Concrete is working through design with production anticipated for July 2014 with installation to follow in early August. Precast products will include approximately 83,000 square feet or 162 pieces of 12-inch insulated wall panels measuring 40-45″ in length. In the design phase the advantage of Wells Concrete”s 12-foot wide panels became evident in the efficiencies created in panel layout; the respective cost savings due to fewer loads, less panels to install, and fewer caulk joints. Product will be produced in Wells Concrete’s Albany plant.