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Former Developer Trooien Facing a Possible Chapter 7 Bankruptcy

If anyone ever tells you that developing property is easy or boring, they are lying!

I won’t open old wounds on the subject of the Bridges development, but it’s safe to say that Jerry Trooien bet the farm on the project, and it cost him dearly.  Trooien entered into Chapter 11 Bankruptcy protection last year hoping [...]

Steins & Vines of Lowertown has wilted

I was pretty sure this was going to happen, but now I’ve heard the building owner (The Brooks Group) has been out searching for a new tenant to replace the failed start-up, Steins & Vines.  I’m not positive if our little downtown could support another Liquor store, but maybe Lenny Russo could help place a [...]

UPDATE: BioMedix is looking good!

Some MAJOR progress being made in the Smyth building at 9th & Temperance Streets!  This will be the new home for BioMedix, which I mentioned back in the New Business Alert post back in November.  Great to see some new life in this neck of the woods.  Maybe it will help remind the city to [...]

CURSED! Farmers Market Flats project in trouble again

Yeah, I know it’s not condos (current plan is/was for apartments), but the Farmers Market Flats still has a place in my heart. I worked with the Developer back in 2007 to bring it to fruition. It was painful to watch that project go down in flames – not to mention the lost [...]

Developer looking for "Pioneer's" for a new urban living experience

Ahh me and my titles, I sure do love to have fun with them. As the title suggests, I hear Pak Properties is in negotiations to buy the famed and vacant Pioneer Building on 4th & Robert Streets.  Rumor has it, Richard Pakonen (the developer behind the Produce Exchange, the Rossmor, and the Lowry) [...]

New Business Alert: BioMedix Vascular Solutions

I’ve been sitting on this new for far too long!  BioMedix is planning relocated to Wacouta Commons in the first quarter of next year.  Have you been wondering what’s going on, well here’s your answer.  The company employs over 100 people, but about half are traveling sales reps.  Should be a great addition to the [...]

The Bridges Developer files for Chapter 11

The Bridges of St Paul, The mega development that was slated for the “wrong side” of the river was killed just over three years ago. Why do I bring this up today? It’s because the developer, Jerry Trooien has filed for Chapter 11 bankruptcy protection.

Can you imagine the mess that project would be [...]

Animation of LRT through Downtown

A great animation showing how the LRT (Light Rail Train) will make it’s way into Lowertown.

Parking Meters go high tech

Today ushered in a new era in parking meter enforcement.  Currently these high tech, credit card taking meters are only installed along Wabasha between 6th and Kellogg.  But more are coming!

So let’s look at the good first:

#1.  Takes credit cards.  What do you mean you don’t keep a roll of quarters in your pocket?  This [...]

The Copper Caps Caper

Blog - 2010 - 09-07 - Copper Caper

Got a message from our local police department to be on the lookout for missing copper caps, about 16 of them from the Chicago Great Western Building along Kellogg (almost underneath the Hwy 52 Bridge).  This is the first copper theft I can think of in downtown – although the new fire station headquarters had [...]