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THE BUSINESS JOURNAL I twincities.bizjournals.com November 12,2004
<br /> III
<br /> HLY SEMINAR AVEDA: . . . .
<br /> Expansion nibbles at Vikings stadium site
<br /> FROM PAGE 1 January and be ready
<br /> E R 19, 2004 to build in the
<br /> CSM is launching called Lexington Preserve spring," Nordland
<br /> Friday,November 19,2004 Business Park. •,eaa©r • said. "We will build-
<br /> t.30 AM-1:30 PM Blaine officials approved the Aveda project s'0
<br /> the building so long
<br /> -este a Strategic Advantage and $1 million in.tax increment financing ' j as the market condi-
<br /> Ilarket, Account and (TIF) this summer after the Legislature didn't r' tions continue to
<br /> act on a Vikings stadium. improve. If not, it's
<br /> IVe Intelligence When the$7.5 million distribution center is a done and approved
<br /> k olden Hotel complete in February, it will bringabout 50 = and ready to go and
<br /> Golden Valley p sswf o
<br /> jobs to Blaine that previously were at a slight- a, we'll wait until the
<br /> t your competitors are whispering to your customers?Find ly smaller facility in Roseville. market is ripe for it."
<br /> answer as Brett Norgaard of Wire the Market,Inc.shows The new building will be about 150 feet 3 Jim De Pietro,John
<br /> r unique Market Landscape from Aveda's headquarters, connected by Ryden - and Matt
<br /> r Intelligence Requirements trails and a private drive.After the expansion, Oelschlager, brokers in the Bloomington
<br /> t,filter,disseminate and interact with just the intelligence Aveda will have about 500 employees in office of Los Angeles-based CB Richard Ellis,
<br /> aligence and use it to advance your business goals Blaine. are marketing the business park sites.
<br /> "The expansion is due to the fact we had
<br /> l gain lots of practical insights and knowledge to help you reached capacity [at the Roseville location]," Vikings stadium there not dead
<br /> :ive intelligence to your full advantage.For more information p ty ) 9
<br /> .org. said Aveda spokeswoman Vicky Melen. CSM's development for Aveda was slowed
<br /> Distribution-center employees will now be significantly by possible plans for a new
<br /> eting group $ 35 able to use amenities at the Blaine headquar- Vikings stadium in Blaine for the Minnesota
<br /> $ 60 ters such as the wellness center and the Vikings.
<br /> th Io $ 25 restaurant,she said. After five years of trying to get a stadium
<br /> iistration received after November 15,2004 The distribution center will have state-of- deal approved by the state Legislature, the
<br /> 2saEliotoday the-art sorting and packing equipment, said team abandoned its stadium push in
<br /> ONLINE WWW.sMEMN.QRG Mark Nordland, vice president of develop- September even though it still wants one.An
<br /> REGISTER - - ment at CSM.The building also has a detailed unknown is whether Vikings owner Red
<br /> PHONE 76 3.746.3400
<br /> fire-protection plan because many of the McCombs sells the team and what impact that
<br /> 1,000 products that will ship from the plant might have on a stadium drive.
<br /> e Library•MN Entrepreneurs•MHTA are flammable.About four truckloads of goods Blaine officials haven't given up on their
<br /> will go in and out of the distribution center attempt to build a stadium,either.
<br /> daily,Nordland said. The Aveda expansion will alter the potential
<br /> jt to Print•CAPSULE The city's TIF was needed to make the new master plan for that area,but doesn't exclude
<br /> ct•The Business Journal building a financially viable choice for Aveda, the stadium;said Bryan Schafer,Blaine plan-
<br /> HE BitiNESs JOURNAL
<br /> Nordland said. CSM aged to pay Aveda$I ning director.
<br /> 5 ANQ PROFESSIONAL GROWTH million upfront,and then CSM will collect the "We'll have to wait and see what happens
<br /> TIF subsidy from the city over an eihg t-year with the ownership of the Vikings, and the ,�'
<br /> 2 L Legislature,"Schafer said.
<br /> TIF is an economic development tool used In the meantime, he said, the prospective
<br /> by cities for projects that improve property Vikings campus site"is being nibbled away at."
<br /> som e o n values.In this case,the city will dedicate rev- . Nordland said CSM designed Aveda's new
<br /> enue from future taxes on the property to help. building so that it could still complement a
<br /> ��� O offset development costs. stadium.It is only using about 10 acres of the
<br /> yur
<br /> CSM is expecting the Aveda deal to kick- 140 that CSM owns for the park.
<br /> start interest in its 800,000-square-foot busi- Phase two of CSM's project,the speculative
<br /> s Journalness park. / 3 7A e_ building,"will have much more of an impact
<br /> Next week, CSM plans to apply to the city and will get out there more into the freeway
<br /> for clearance to develop an 87,000-square- frontage area,"he said.
<br /> � t j office building.It has no ten
<br /> ants for hatproectyet.Nh them
<br /> sblack@biijoumals.com 612)288-2103
<br /> "We hope to get approvals by the end of
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