HOME PROPERTIES PAST PROJECTS SERVICES ABOUT CONTACT HILLCREST DEVELOPMENT, LLLP Hillcrest in the news February 11th, 2020 Minneapolis St- Paul Business Journal’s Cool Offices: Twelve Consulting Group Former rock-climbing gym gets new lease on life as corporate HQ Read More February 6th, 2020 Booming Northeast Minneapolis fights to balance development, character Read more November 22nd, 2019 General Mills sells former Cheerios plant in Minneapolis brewing district Read more November 21st, 2019 NE Minneapolis mill is Hillcrest’s ‘Rubik’s Cube’ Read more August 29th, 2019 Construction starts on massive Andersen facility Read more February 11th, 2019 Development Roundup February 2019 Read more January 30th, 2019 Hillcrest swaps buildings with St. Paul church Read more November 27, 2018 Announcing the completion of the North Star Sheets Building at Southeast Industrial Park Read more May 26th, 2018 Twin Cities industrial real estate sector is on the rise Read more April 27, 2018 MN Nice Cream and tie-dye cones come to Northeast! Read more April 16, 2018 MN Nice Cream Gets Brick and Mortar Inside the Highlight Center Read more April 3, 2018 Hillcrest Development LLLP and the Opus Group announce the start of construction at Southeast Industrial Park North Star Sheets, the first building at Southeast Industrial Park, will occupy the 161,000-square-foot building in Cottage Grove, which is scheduled for completion in September 2018. Read more April 2, 2018 MN Nice Cream moves to Highlight Center Who’s ready for some happy springtime news? MN Nice Cream is joining Able Seedhouse and Brewery in the Highlight Center. Read more September 29, 2017 Highlight Center: 2017 NAIOP Award of Excellence Winner Hillcrest Development bought the former Minneapolis school district headquarters and redeveloped the 1920s-era complex to attract creative-class tenants to the building. Read more July 29, 2016 Highlight Center named Finance and Commerce Top Project of 2015 Read more July 18, 2016 Tech company Delaget moves to bigger HQ and plans more hiring Restaurant-software company Delaget has moved into larger digs to accommodate its growing staff. The company relocated from Eden Prairie to 15,000 square feet at 5320 West 23rd St. in St. Louis Park. The space is about 60 percent larger than Delaget’s previous offices. Read more July 15, 2016 NBC Sports Buys Software Maker Sport Ngin Sold: Sport Ngin, a Minneapolis-based maker of software that youth sports leagues and other organizations use to manage their websites. Read more July 12, 2016 Minneapolis data start-up Sport Ngin is acquired by NBC Sports Minneapolis start-up Sport Ngin has been sold to NBC Sports Group, capping years of rapid growth and plentiful financing for the software company. Read more July 7, 2016 Architects Make What’s Old New Again RoehrSchmitt worked on the Crown Center, where the architects opened up an abandoned exterior zone and turned it into an urban garden that encourages visitors to check out the nearby Bauhaus Brew Labs. RoehrSchmitt also has offices at the complex. Read more June 26, 2016 Employers Want You With a tightening labor pool and below-average unemployment, Minnesota companies are offering unusual incentives to attract and retain qualified workers. Sports application Sport Ngin has a pair of taps dispensing beer at the end of the work day, free for employees in their common area. Read more June 10, 2016 The Twin Cities Underrated Architecture The Business Journal asked local architecture firms which buildings or structures they think are the most underrated in the metro area and why. The answers were diverse and provide a glimpse of some metro area structures that aren’t always front and center in postcards, but hold their own in significance for design and staying power. Read more June 8, 2016 Hillcrest sells site on Blue Line to nonprofit The Twin Cities Community Land Bank one day hopes to redevelop a highly visible industrial-office site along the Blue Line light rail route in south Minneapolis. Read more May 26, 2016 Finance & Commerce names Top Projects of 2015 Highlight Center was named by Finance and Commerce as a Top Project of 2015. Read more May 5, 2016 A once-iconic office park in Edina offers an up-close look at how aesthetic styles change If you’ve paid any attention to large-scale real estate development in the past 20 years – and come on, if you read MinnPost, there’s a better than likely chance you have – you’ve already read reams of copy about the future of Pentagon Park, the once-iconic Edina office park at Highway 100 and Interstate 494. Read more March 4, 2016 Westside Center celebrates renovation in St. Louis Park The opening of Westside Center was formally celebrated Wednesday, Feb. 24, at the former Nestle facility on the west side of Highway 100. Hillcrest Development purchased and renovated the 278,000 square-foot site in August 2014, and is now home to 12 businesses and is 96 percent filled. Read more February 28, 2016 400 new jobs in St. Louis Park The sweet smell of success in St. Louis Park used to come from the Ovaltine plant. Last week that sweet smell returned, figuratively, with the old factory’s reopening as Westside Center, a multiuse industrial and commercial hub. Read more January 29, 2016 Hot Property: A new industrial park planned for Cottage Grove Details: A development group looking to bring more than a half-million square feet of new industrial warehousing capacity to the southeastern Twin Cities entered the approval process in Cottage Grove. Read more January 13, 2016 New multi-tenant office spaces bring businesses to NE “Our office was located near Loring Park on the edge of the downtown business district. The space was larger than we needed and had no parking for visitors,” said Mina Adsit, “our office at the Highlight Center is easy for visitors to find, has amply parking and is newly renovated. Being located in a historic building fits with our architectural practice.” Read more January 9, 2016 Book of Lists: Top Real Estate Developers Companies ranked by square feet developed in the metro area from 2012-2014. Read more January 1, 2016 Highlight Center Opens The former Minneapolis Public Schools (MPS) headquarters building at 807 Broadway Street NE re-opened as the Highlight Center in 2015. When MPS decided to move their headquarters to a new location, they and the City of Minneapolis undertook a careful selection process with significant input from the Logan Park community’s 807 Broadway Task Force. Read more December 1, 2015 Inside the real estate developer’s head From a practical perspective, developers hire architects to design the buildings they construct to make money. But Peter H. Brown, an architect and urban planning consultant, believes there is more to the way many developers think about projects that their architects might sometimes overlook. Read more November 6, 2015 Able Seedhouse and Brewery is now open Able Seedhouse and Brewery opens today in Northeast Minneapolis’ Logan Park. Co-founder Casey Holley built the new, farmer-centered brewery and taproom out of a 10,000-square-foot building on the site of a former Minneapolis Public Schools headquarters, now the new Highlight Center. Read more November 5, 2015 Tap Talk : Able Seedhouse And Brewery For avid beer drinkers, when it comes to the taste of an IPA it’s all about the hops. In the same vein, brewers and drinkers alike know that by simply changing the yeast from American to European alters the flavor greatly. So, what happens what you alter the grains? And, more specifically, what happens when you use Midwest grains. Are we able to taste a difference? That is the idea that brought Casey Holley into the brewing business. Read more October 28, 2015 Able Seedhouse And Brewery Opening November 6 Casey Holley, co-founder of Able Seedhouse and Brewery, said this past spring that its doors would open to the public in the fall, and he has stuck to his word. On Wednesday morning, Able confirmed through its social media channels that its official opening is Friday, November 6. Read more August 25, 2015 Highlight Center brings new synergy and office space to “white hot” Northeast “Northeast is white hot right now,” says Scott Tankenoff, managing partner, Hillcrest Development, about the Minneapolis neighborhood. Hillcrest redeveloped the historic Frost and Crown Center buildings adjacent to Broadway and Central avenues, and will officially open the Highlight Center (a former GE Mazda light bulb factory, and more recently workshops and administrative offices for the Minneapolis School District) on Tuesday, September 15. Read more August 6, 2015 Able Seedhouse creating farm-to-table brewhouse in northeast Minneapolis The site at 1121 Quincy St. NE. has long been forgotten, a graveyard of auto parts and a school bus garage for the city of Minneapolis. Sort of a dumping ground really. The grit of the space is on full display as you drive down the street. Broken bricks protruding from the street — leading you to a beautiful 1913 brick building lost in time. Read more June 16, 2015 C&W/NorthMarq will market Hillcrest’s Pentagon Park Bloomington-based Cushman & Wakefield/NorthMarq will represent Hillcrest Development in its redevelopment of the 42-acre former Pentagon Park site in Edina, the companies announced Monday. Read more June 13, 2015 Hillcrest remakes an Edina office park for a new generation One suburban office park that was cool, then uncool, is slated to be cool again — at a cost of $500 million. Hillcrest Development has started to transform Pentagon Park, an outdated, sprawling center at a key highway junction in Edina, into a complex unlike any in the Twin Cities metro area — one with distinctive features for the generation of young adults who, with the retirement of the baby boomers, will soon dominate the work world. Read more June 5, 2015 Hillcrest sells six northeast Minneapolis arts district buildings Hillcrest Development has sold six buildings in the heart of the northeast Minneapolis arts district for more than $25 million. The sale to Sara Investment Real Estate of Madison, Wis., totals nearly 300,000 square feet, including the Crown Center and Frost buildings, which are both renovations of industrial buildings into attractive office space. Read more June 4, 2015 Hillcrest closes $25M sale of Northeast Minneapolis portfolio Hillcrest Development has closed on its sale of six Northeast Minneapolis properties for $25.6 million. I reported in Friday’s Weekly Edition that Minneapolis-based Hillcrest was selling about 300,000 square feet of office and warehouse complexes to Middleton, Wis.-based Sara Investment Real Estate. Read more June 3, 2015 Sara Investment Buys Crown Center Buildings MINNEAPOLIS—Northeast Minneapolis has become one of the more vibrant sections of the city, home to redeveloped warehouse and industrial buildings that now house art galleries, shops, restaurants and offices. And Sara Investment Real Estate, LLC, a Madison, WI-based company, has just established a foothold in the neighborhood by buying the Crown/Frost buildings in the Crown Center complex, a former factory where airplane components were manufactured in WWII. The price was not disclosed. Read more June 1, 2015 After revamps, Hillcrest sells three Northeast Minneapolis properties Hillcrest Development has found a Wisconsin-based buyer for a portfolio of fully leased office warehouses in Northeast Minneapolis. Read more June 1, 2015 Hillcrest Development, Opus to Develop Industrial Park Hillcrest Development, LLLP and The Opus Group will develop a 40-acre industrial business park in Cottage Grove. The property is located south of U.S. Highway 61 at the northwest corner of Hemingway Avenue South and 91st Street South adjacent to Hamlet Park. Read more May 21, 2015 Tankenoff Named Business Person of the Year Renovating old industrial space into Bauhaus Brew Labs, taking on demolition and restoration at the 43-acre Pentagon Park in Edina and many other projects, Scott Tankenoff of Hillcrest Development does not shy away from challenges, according to Hillcrest employee Charlie Nestor. Read more April 22, 2015 Firms propose new industrial campus near Cottage Grove’s Hamlet Park Two developers are working on a new industrial park in Cottage Grove that would feature rail access and large tenants. Read more April 22, 2015 Hillcrest Development, Opus to Develop Industrial Park in Cottage Grove, MN Hillcrest Development LLLP and The Opus Group will develop a nearly 40-acre rail-served business park in Cottage Grove, Minnesota. The land sits south of US Highway 61 at the northwest corner of Hemingway Ave. South and 91st Street South adjacent to Hamlet Park in Cottage Grove. Read more April 22, 2015 In Cottage Grove, industrial projects pick up steam The big industrial projects just keep coming in Cottage Grove. Minneapolis-based Hillcrest Development and the Minnetonka-based Opus Group on Tuesday announced plans for the 40-acre Southeast Industrial Park, a multi-phased industrial project on the northwest corner of Hemingway Avenue South and 91st Street South. The park could include between 425,000 and 550,000 new square feet of projects, split between two to four buildings. Read more April 16, 2015 Building Blocks: Crown Center The Crown Center is a jumble of 12 adjacent one- and two- story buildings surrounding a courtyard parking lot in front of the popular Bauhaus Brew Labs. The 2.5-acre complex features the typically appealing warehouse aesthetic of large windows and exposed brick walls knit together by less-than-linear corridors. Parking surrounds the building on all sides. Read more April 16, 2015 Able Seedhouse + Brewery to open in Northeast Minneapolis this fall A new beer company is transforming a former light bulb factory into a 10,000-square-foot brewery and malthouse. Read more March 20, 2015 Blu Dot furniture to open its first outlet store Blu Dot, the Minneapolis-based manufacturer of modern furniture, is dropping its popular warehouse sales and replacing them with an outlet store. The new store will be located at the current location of the company offices at 1323 Tyler St. NE. in Minneapolis and open weekends only. The offices will move next door in April. The warehouse in Rogers, where the sales were held before, will move to Otsego. Read more March 5, 2015 Schafer Richardson trust, Hillcrest close $6M deal Hillcrest Development managing partner Scott Tankenoff liked the business model of the realty trust buying two of his company’s buildings so much that he and Hillcrest invested in the trust. Minneapolis-based SR Realty Trust, an entity related to developer Schafer Richardson, paid $6.085 million for a pair of northeast Minneapolis office-industrial renovation projects by Minneapolis-based Hillcrest, of which Tankenoff is managing partner. Read more February 19, 2015 Just Sold: Hillcrest industrial rehab draws new tenant, new buyer The vacant, aging industrial building at 900 Hennepin Ave. E in Minneapolis wasn’t much to look at when Minneapolis developer Scott Tankenoff bought it in 2008 for $489,590. Built in 1919 on a 4.3-acre triangle of land, the 43,554-square-foot building had survived many uses. The latest was as a metallurgical heat-treating facility that left the site in need of soil remediation. Tankenoff, managing partner of Hillcrest Development, saw potential, however. Read more November 26, 2014 Pentagon Park building goes up in smoke — for a good cause About a dozen fire departments from around the Twin Cities held a training exercise last week in Edina at the Pentagon Park office complex. Read more October 21, 2014 Hillcrest signs first tenant in former Minneapolis School District HQ building It’s as much about the tone of a tenant as it is about the size of one, says Scott Tankenoff of Hillcrest Development. And that’s why the developer is thrilled that Sport Ngin is the first business to sign a lease in Hillcrest’s renovation project at 807 Broadway in Northeast Minneapolis, the former site of the Minneapolis School District headquarters. Read more October 21, 2014 Dozens swing hammers as Pentagon Park in Edina begins to come down There were an awful lot of people eager to see Pentagon Park in Edina come down — including the man whose father built it 46 years ago. Mark Rauenhorst, son of the late Gerald Rauenhorst, was among the dozens who grabbed a hammer on Tuesday and took a swing in a demolition ceremony marking the beginning of Pentagon Park’s redevelopment. Read more October 20, 2014 Sport Ngin will move to former Minneapolis Public Schools headquarters Sport Ngin, which makes software for managing sports league websites, is expanding and moving its headquarters to the former Minneapolis Public Schools offices in Northeast Minneapolis. Read more October 15, 2014 The Fish Guys headquarters is moving out of Minneapolis St. Louis Park will soon be home to The Fish Guys, the wholesale seafood supplier currently based in Minneapolis’ North Loop neighborhood. Read more Contact us or call 612-371-0123 ©2020 Hillcrest Development, LLLP. All rights reserved.