Schmidt Brewery in St. Paul has Potential Buyers - Again!

Two buyers who plan to turn the 15-acre old Schmidt Brewery complex in St. Paul into housing, stores and offices. They're also helping to get the property, which lies about 2 miles west of downtown Saint Paul on W. 7th Street, designated as a historic place. It's the fourth attempt since 2004 to redevelop the site.

Real estate development company Dominion would build 235 units of low-income rental housing where artists could live and work, including 16 rental townhouses targeted at families. The West Seventh/Fort Road Federation, the neighborhood's community planning and development group, intends to buy the front office building and restore the basement rathskeller to a bar/restaurant and have space for offices. The nonprofit also is looking to buy the keg house to use for retail businesses and an acre of land for other uses. Closings on both deals are expected in 2011.

Beer was brewed on the site beginning in the mid-1850s. In 1991, a group led by businessman Bruce Hendry bought and reopened the brewery. Beermaking continued until 2002, when Minnesota Brewing Co. closed. Gopher State Ethanol, which began production in 2000, operated at the plant until 2004, when it closed and filed for bankruptcy. The property owners have been trying to sell since then.

Negotiations have proceeded this far in the past and failed, including once before with these same two parties in 2008. But they are more confident this time because of support from the city, a new financing option from the state and a willingness to pursue making the complex a historic district.

Post a Comment

From Our Blog

Posts By Category

All Categories Architecture & Construction (9) Buying a Home (26) Community Events (55) Community Information (50) Extraordinary Homes (7) Featured Listings (18) Foreclosures & Short Sales (18) Fun & Unique (6) Green Living (5) Home Improvement & Remodeling (5) Home Staging & Curb Appeal (6) Main (4) Real Estate News (45) Selling a Home (5) Twin Cities Community News (38)

Posts By Month

Grab Our RSS Feed