A St. Paul developer has set his sights on the block home to the historic Handicraft Guild Building at South 10th Street & Marquette Avenue for a new condo development.
Richard Zehring, owner of MSP Cos., a commercial real estate and development services firm, is considering razing a vacant 5,000-square-foot property at 1016 Marquette Ave. to make way for a 10-story building with 4,000-square-foot condo units, according to The Minneapolis-St. Paul Business Journal.
Zehring purchased the property for $450,000 from CBS Broadcasting, Inc., the parent company of WCCO-TV, which has a station at 90 S. 11th St., according to the recent Business Journal report.
The property is directly south of the historic Handicraft Guild building.
A representative of Zehring's office declined to comment on the development plans, adding that there would be more information to announce after the holidays.
The developer expects to present plans to city officials and neighborhood leaders in early 2005, according to the Business Journal.
"Whatever is built there will be on the extraordinary side," Zehring told the Business Journal.
If Zehring moves forward with the plans for condos, they would share the block with a 48-story condo tower proposed for the corner of South 10th Street & Nicollet Mall.
Jeff McDonell, a landscape architect with the Warehouse District architecture firm Barbour/LaDouceur, has teamed up with Henry Lazniarz and Ron Johnson on the project. Lazniarz and Johnson are partners in Minnetonka-based Premier Design and Development, LLC, a residential housing developer.