• Minnesota’s capital city is an historic community of immense charm. • CBD: Over 17 million square feet of office space; over 90% occupancy. • Positive absorption in CBD competitive real estate space. • Home to 13 colleges/universities. • 27.9 million visitors to Saint Paul/ Minneapolis annually. • Nearly 100 theater companies in the Twin Cities, more than 30 venues, and more theater seats per capita than anywhere else outside of New York. • More than 73,000 jobs in Saint Paul CBD. • Over 500 restaurants in Saint Paul. • Over 15,000 hotel rooms in the Twin Cities; 5,500 near downtown Saint Paul. • Area Events: • At RiverCentre, Roy Wilkins Auditori- um and Xcel Center: Over 380 events annually, with events on at least 316 days. • Over 20 events monthly at CHS Field, with 50 baseball games. • Saint Paul Saints averaged 8,000 fans per game in 2015 in a 7,200 seat stadium. • Riverfront to be future home of northern port for Viking River Cruises. • For Winter Carnival 2018, Rice Park to host Super Bowl Ice Castle. PROJECT NAME TBD AREA HIGHLIGHTS 396 Wabasha St. SAINT PAUL, MINNESOTA 55101 FOR LEASE CONCEPT DRAWING The Saint Paul Port Authority is pleased to announce that it is forming a joint venture company with Hempel Companies. Hempel Companies was founded in 2001 and over the years, the Hempel team has earned a reputation for having a dynamic and creative vision on real estate investments. Hempel specializes in turnaround projects including new and re-use development opportunities with a focus on retail, office, parking, residential and hospitality. The Saint Paul Port Authority, originally established over 84 years ago to administer the Port of Saint Paul and develop marginal lands along the Mississippi River for business and industry, also acts as a citywide development agency, promoting industry, commerce, and contributing to the economic growth of the east metro.
Transcript
• Minnesota’s capital city is an historic community of immense charm.
• CBD: Over 17 million square feet of office space; over 90% occupancy.
• Positive absorption in CBD competitive real estate space.
• Home to 13 colleges/universities.
• 27.9 million visitors to Saint Paul/ Minneapolis annually.
• Nearly 100 theater companies in the Twin Cities, more than 30 venues, and more theater seats per capita than anywhere else outside of New York.
• More than 73,000 jobs in Saint Paul CBD.
• Over 500 restaurants in Saint Paul.
• Over 15,000 hotel rooms in the Twin Cities; 5,500 near downtown Saint Paul.
• Area Events:
• At RiverCentre, Roy Wilkins Auditori-um and Xcel Center: Over 380 events annually, with events on at least 316 days.
• Over 20 events monthly at CHS Field, with 50 baseball games.
• Saint Paul Saints averaged 8,000 fans per game in 2015 in a 7,200 seat stadium.
• Riverfront to be future home of northern port for Viking River Cruises.
• For Winter Carnival 2018, Rice Park to host Super Bowl Ice Castle.
PROJECT NAME TBD
AREA HIGHLIGHTS
396 Wabasha St. SAINT PAUL, MINNESOTA 55101
FOR LEASE
CONCEPT DRAWING
The Saint Paul Port Authority is pleased to announce that it is forming a joint venture company with Hempel Companies.
Hempel Companies was founded in 2001 and over the years, the Hempel team has earned a reputation for having a dynamic and creative vision on real estate investments. Hempel specializes in turnaround projects including new and re-use development opportunities with a focus on retail, office, parking, residential and hospitality.
The Saint Paul Port Authority, originally established over 84 years ago to administer the Port of Saint Paul and develop marginal lands along the Mississippi River for business and industry, also acts as a citywide development agency, promoting industry, commerce, and contributing to the economic growth of the east metro.
Current Site
7TH PLACE PEDESTRIAN
MALL
LANDMARKPLAZA
SITE
UBS PLAZA
ECOLAB PLAZA
CENTRAL STATION
6TH STREET
7TH STREET
5TH STREET
CEDAR STREETWABASHA STREET
ST PETER STREET
• Saint Paul/Minneapolis’ combined 13-mile-long skyway is the second longest continuous skyway system in the world (second to Calgary, Alberta).
• Neighboring Rice Park is older than Central Park in New York City.
• Saint Paul: Top Ten of America’s Best Cities, Businessweek.com.
• Saint Paul Hotel: Among the top 500 world’s hotels, Travel and Leisure.
• Xcel Energy Center/Minnesota Wild: Among the best stadium experiences, StadiumJourney.com.
• Twin Cities: Among the Top 10 U.S. Travel Destinations, Lonely Planet.
• Saint Paul/Minneapolis: Ranked #1 City in 2013 American Fitness Index Report, American College of Sports Medicine.
• Minutes from Minneapolis-Saint Paul International Airport: named Travel & Leisure’s Best Airport in America.
• Saint Paul is a city of parks: Four beautiful parks within a one-mile radius.
FAST FACTS
PROPERTY HIGHLIGHTS• Located at the epicenter of Saint Paul’s capital business district.
• Site: 540,000 total square-foot building, 2.25-acre site, including 800-stall parking ramp.
• Located along new light rail (Green Line), 1 block from Central Station.
• Connections: Skyway-connected.
• Zoning: B4, general business, allowing for multiple use and design options.
• Entertainment Uses: 10,000 – 25,000 square feet with exterior entrance.
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CONCEPT DRAWING
PROJECT NAME TBD 411 Cedar StreetSAINT PAUL, MINNESOTA 55101
SAINT PAUL PORT AUTHORITY www.sppa.com HEMPEL COMPANIES www.hempelcompanies.com
PROJECT NAME TBD
LEVEL 0 WILD & PARKING
LEVEL 3 LEASABLE & OPTIONAL PARKING
LEVEL 1 LEASABLE & PARKING
LEVEL 4 LEASABLE & OPTIONAL PARKING
LEVEL 2 LEASABLE
LEVEL 5 ICE RINK & SUPPORT
396 WabashaReuse Study
March 26, 2015 3.2013280.01
Basement Floor PlanMN Wild Lockers and Parking
Service/Loading Dock
Contract Parking42 Spaces
Wild Parking50 Spaces
Wild Practice Facility
Loading/Storage
Private Parking Entry
Entry
Public RampElevators
396 WabashaReuse Study
March 26, 2015 3.2013280.01
Public RampElevators
Parking107 Spaces
Team Dining
ParkingIn / Out
ParkingIn / Out
Available9,371 SF
Available8,568 SF
396 WabashaReuse Study
March 26, 2015 3.2013280.01
2nd Floor PlanWabasha Street Level Entry
Avai
labl
e4,
447
SF
Avai
labl
e2,
278
SF
Available5,987 SF
Available7,312 SF
Leased17,649 SF
Connection toWells Fargo
Exit to Street
Public RampElevators
Existing Parking Ramp
396 WabashaReuse Study
March 26, 2015 3.2013280.01
5th Floor PlanMN Wild Practice Ice RinkHamline University Lockers
Public RampElevators
Bleachers
Ice Rink FacilityOfficial NHL Size
Wild/Zamboni Operations/
Storage
Existing Parking Ramp396 Wabasha
Reuse Study
March 26, 2015 3.2013280.01
4th Floor PlanMedical Office/Parking
EXISTING FACADE THIS AREA ALL FLOORS
NEW GLASS FACADE THIS AREA ALL FLOORS
Available34,344 SF
Optional Parking OR Available21,490 SF
Public RampElevators
Existing Parking Ramp396 Wabasha
Reuse Study
March 26, 2015 3.2013280.01
3rd Floor PlanSkyway Level
Optional Parking OR Available21,960 SF
Available5,724 SF
Available7,395 SF
Avai
labl
e2,
862
SF
Leased7,279 SF
Activation
SkywayConnection
Stor
age
SkywayConnection SKYWAY
Public RampElevators
Existing Parking Ramp
Area
PAGE 32
Street Level View Corner of Wabasha and 6th Street Street Level View Corner of Cedar and 6th Street
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CONCEPT DRAWING CONCEPT DRAWING
WABASHA STREET WABASHA STREET WABASHA STREET
WABASHA STREETWABASHA STREETWABASHA STREET
CEDAR STREET CEDAR STREET CEDAR STREET
CEDAR STREETCEDAR STREETCEDAR STREET
6TH
STR
EET
6TH
STR
EET
6TH
STR
EET
6TH
STR
EET
6TH
STR
EET
6TH
STR
EET
www.sppa.comSAINT PAUL PORT AUTHORITYHEMPEL COMPANIES
www.hempelcompanies.com
CENTRALCORRIDOR
AREADEMOGRAPHICS
• The 11-mile Green Line runs between Saint Paul’s Union Depot hub and Minne-apolis’ multimodal station, by way of the University of Minnesota and University Avenue.
CONTACT US
SAINT PAUL PORT AUTHORITY 380 ST PETER STREET, SUITE 850 SAINT PAUL, MINNESOTA 55102
