Minnesota excluded its east side comprised of the Mill District to the north, Elliot Park to the southeast and the deserted area in-between from development. A turnaround was anticipated after the Minnesota Vikings and state legislators agreed to demolish the Metrodome and build a new football stadium in 2012.
Commercial real estate transactions can transform outdated but classic structures into a 21st century development. The Depression-era former post office in St. Paul will, after renovations, become a 149-room Hyatt, 202 luxury apartments and a street-level restaurant. Nearly 400 workers will be employed on the construction which is estimated to cost $125 million.