Tag: <span>Mendota Homes</span>

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Aldsworth Building and Community Resource Bank11x17 12 View 19I chatted briefly yesterday with Jim Braucher, Principal of Professional Design Group, a Northfield architectural and engineering firm, on the plans to redevelop the site of the Community Resource Bank and the old Aldsworth building overlooking Bridge Square with a historic-looking 4-story office building. I may be drinking the Kool-Aid but I’m not inclined to jump on the ‘save the Aldsworth’ bandwagon since only its facade was renovated in 1997. According to my Deep Throat at GBM, the interior structure is badly dilapidated. (continued)

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Diane Kyte The Crossing I waved Dianne Kyte, a realtor with Coldwell Banker South Metro, over to my corner office at GBM yesterday morning to ask her for an update on the status of the residential condo building at The Crossing where she lives. She confirmed that Highland Bank has taken over ownership of it from the developer, Mendota Homes. (The bank foreclosed on the property 6 months ago.)

Dianne has the listing for the seven unoccupied finished units (street address: 101 St Olaf Avenue N). And yes, the prices have been slashed. (continued)

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The CrossingLast week the Northfield City Council heard a presentation from staff and an attorney re:  Piper Jaffray’s request to amend the tax increment financing (TIF) note for the Mendota Homes development called The Crossing. Some Councilors keyed in on the opportunity this might provide for site improvements and others expressed big picture concerns.  I understood very little of it all so a conversation here might help. (continued)

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A major corner property on Bridge Square in downtown Northfield will soon be back on the market and at least one developer is already showing some interest in buying. “I…

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