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Minneapolis, MN (2015)

Highlight Center

The transformation of a brick building at 807 Broadway Street in Northeast Minneapolis into modern-day business park.

Investment

  • NMTC Amount: $7,600,000
  • Total Project Cost: $18,472,592

IMPACT

  • 400 FTE jobs
  • 60 construction jobs

Investor

Project Description

The brick building at 807 Broadway Street in Northeast Minneapolis has been a fixture in the Logan Park Neighborhood for more than a century. Built in 1913, the property was originally a lightbulb factory for Mazda before being purchased by Minneapolis Public Schools in 1930. School administrators and staff moved into the building in 1948 and stayed for more than 60 years, selling the property in 2013.Fast forward five years and one major renovation later, and the location is now referred to as the Highlight Center, a bustling hub for business and recreation that houses multiple business tenants, food, a brewery, creative office spaces and more. The transformation from school district headquarters to modern-day business park was completed by Hillcrest Development, LLLP, which purchased the building in 2014 and started construction days after the closing. “At that point, the building hadn’t been renovated or invested in appropriately for several decades,” said Hillcrest Managing Partner Scott Tankenoff. “It was in need of a significant investment and renovation.”

MAP

Address: 807 Broadway Street Northeast, Minneapolis, MN 55413

Census Tract: 27053102500

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