Newspaper Clipping - Newspaper Clipping Scan - Stream Global Services Relocating to Eagan - 8/19/2012b� aQ�br
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Retailpr oiectsr 1 1' joD 1' •
EAGAN FROM E1
EAGAN ON THE REBOUND
munity shopping centers;
-
pus that was the original home
Eagan s private sector employmenthasbounced back from its
recent low point in 2009, after being nicked bythe Northwest Air
but nothing on the scale of
the proposed development..
of- Northwest Airlines. Del-
ta, which Northwest
lines -Delta merger and otherlosses And new, companies and two
developments
Grories said the stores in Ea -'
,bought;
in 2008, erriptied the. build
.big retail are on the way. ." .
Year.
gan's community centers lack '
ings as part of a larger move
Bagan Dakota County
201 47,223 { 151,050
'the dimensions sought by na -,
tional retail chains.
of h of jobs Dirt of the
city. One deal to sell the prop
`;and
2010 46,684 148,989
2009 s 4G,2x9 149,809
CSM owns the 50 -acre '
Lockheed site at the busy in-
erty fell throug 2010
there have-been no other takop7
2008 47,614 154
48,5235 R.
-
tersecgon of Pilot Knob and
Yankee Doodle roads d has°
ers despite a pric6 c by Del
to earhertliis
2006 47,792 156
2005
an
submitted preliminary plans .
year.`
s is:a very patient corn -2004
47,038 152,99
46,405
to the city. It expects to start
munity," said City.Adminstra
150,127
2003 4S 579 146,8 F9
construction early'. next year
with completion in late 2014.
tor Torn Hedges: He said he's
confident.the property will get
z0o2 43 ,795 142
20(11 4 1,5 1$,597
Construction of the outlet
mall by Baltimore-based Par
taken up by one or more busi-
2000 40,350 = 136,423
-.
agon Outlets is proceeding
nesses.
Hedges `said Eagan doesn't
Source: Minnesota DepartmentofHmploym era andEcononucDevelopment
on a similar timetable. The
rely.on financial incentives to
Stream Global chose Eagan , Therapeutics, which _ is ex-
$14.7 million sale of the city-
owned 29- acre'site near Hwy.
chase businesses,' but assert-
ively, markets the city's adyan- .
even though the firm engaged - pan" — ' withplans to add 300.
in awell= publicized courtship jobs in the coming
13 and' Cedar Avenue, along
tages, including its carefully
developed commercial base
years. " . °
with Apple Valley" it consid- " City offrchds;say the two re-
ered
the soon- to, =op'eri Cedar Av-
enue .bus rapid transit line,
and prime location close to
south -metro sites. _Eagan tail projects are not envisioned
also draws businesses `with as job creators but address the
was approved last month. The
city will use tax- increment fi-
Minneapolis -St: Paul Airport,
both downtown's :and inter=
its large skilled and educated need for.more shopping; din -
workforce, Buss said. mg
nancing to fund the $14.8 mil -
states 35E and 494:'
and entertainment options.
Stream Global and its com- "It's an under - served market,
lion cost of building a parking '
ramp.
It's a formula that has made
Eagan the economic power-
mercial broker declined to given the sheer size of Eagan
comment on the move. The and what it draws because of
Kelvin Antill, a Paragon de-
velopment partner, said it is
house of south suburban Da
kota County. As of 20ll, the
-new facilities will include. a the arterials," said Mike Sims,
corporate headquarters for 40 a principal at the Minneso-
not unusual , for the compa-
city accounted for . almost., to 50 employees and a call .cen- to office of Mid-America Re-
ny to get public financing for
..off site improvements. "The
-third
one of the county's pri-
ter for at least 300 workers. al Estate Group.
city wants the ramp to facili-
vate sector, workforce, accord-
ing to the Minnesota Depart-
Hedges said Stream Global Grones.said he already has
contacted city officials 'about 'several restaurants express=
tate additional development,"
he said. The
ment of Employment and Eco-
nomic Development. It out-
its interest in Eagan a year ing interest in the Lockheed
ago, long before the talks
outlet mailwill.be
'the first in Minnesota for Par-
paced the county in overall job
with, site project proposedby CSM
Apple Valley "surfaced. He_ Corp. of Minneapolis. Others
agon, whose other malls are in
Texas, California and Florida:
growth in the past decade, and
its rebound from the depths of
said the company considered taking a look include' Whole
leasing a former Blue Cross Foods, Trader Joe's, Cabela's,
"We focused on Eagan fair-
ly
the, recession has been stron-
and Blue Shield of Minneso- Sports Authority, Dick's Sport-
early," said Antill of Para -
gon's search for Twin Cities
ger, even after the loss of more
than 1,000 jobs from Lockheed
to building but backed off, re- ing Goods and some midsize
turning several months later apparel merchants, he said.
area sites. The developer pre-
fars sites that are centrally lo-
and Delta alone,
"It's always been an attrac=
with the deal for a different CSM,. Vice, President
Eagan property Thomas Palmquist declined"
Gated, have a solid base of up-
`per- middle income residents
tive place for companies to
__locate," said Steve fuss, ase
The former. Blue Cross to name specific prospective
building remains
and also draw tourist traffic.
"-
nlor vice president in the'1'w_ iii
vacant. tenants' but said the developer
1Vieariwhile; another large of is aiming fora mix that would-
"The Mall of America, the air -'
� port, the zoo -- those all,made
Cities office of coD imercialre-
al estate flrm'CB Richard Ellis. -
fice property, the former include sporting goods, soft
headquarters of Buffets 'Inc., lines and home furnishings.
.Eagan attractive," he said.
Buss said he wasn't surprised
has been taken over by Prime Eagan " has all com-
'susan Feyder • eszaae - szsz