Shenehon Company advised the Minnehaha Creek Watershed District
Shenehon Company advised the Minnehaha Creek Watershed District (MCWD) in implementing its plan to purchase the former Cold Storage building site for restoration of shoreline along Minnehaha Creek. Details of the transaction are as follows:
Subject Property:
Cold Storage Facility Site – 16.9 acres
325 Blake Road
Hopkins, MN 55343
Owner:
Stewart Lawrence Group
Acquisition Price:
$14.95 Million
Immediate Goal:
Restore over 1,000 feet of shoreline on Minnehaha Creek and sell the excess land for private redevelopment
Long Term Goal:
Storm water management of the Cottageville Park neighborhood to protect and preserve Minnehaha Creek for future generations
The city of Hopkins and the MCWD previously collaborated on the Cottageville Park redevelopment project. Storm water management for that area, a cooperative effort with the Metropolitan Council, was significantly improved as a result of the acquisition.
Look for full details in the upcoming issue of Valuation Viewpoint, produced and published by Shenehon Company.
Related Articles:
Minnehaha Creek Watershed District Wants Cold Storage Site, Hopkins Patch
Watershed District to Buy Hopkins, Biz Journal
Minnehaha Creek will be getting big improvements, StarTribune