DEED Awards $50,000 to Gallery Flats Project
The money will be used to clean up arsenic and asbestos on the old Park Nicollet site.
Just a day after the Metropolitan Council announced a $15,000 grant for the Lutheran Digest portion of Hopkins’ Gallery Flats development, the Department of Employment and Economic Development announced it’s awarding $50,000 in cleanup funds for the Park Nicollet portion of the project. The money will be used to clean up arsenic and asbestos on the 1.81-acre site at 815 First St. S., according to a Thursday DEED news release. Developer Klodt Cos. plans a mixed-use project on the property and the neighboring Lutheran Digest site that will have a total of 163 apartments. The development will create nine jobs, increase the tax base by $480,525 and leverage $24.4 million in private investment, according to DEED. Hennepin County, the Met …
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