Hot Property: Standard Heating & Air Conditioning

1hotprop1102Courtesy of Lupe Development Partners, Star Tribune

Artist’s rendering of the Standard Heating and Air Conditioning Building 130 Plymouth Av. N.,
Minneapolis.

Last update: November 2, 2009 – 5:20 PM

STANDARD HEATING AND AIR CONDITIONING BUILDING

130 Plymouth Av. N., Minneapolis

Type: Office warehouse

Size: 32,000 square feet

Cost: $3 million

Developer: Lupe Development Partners

Details: Finishing touches are being applied to a new 32,000-square-foot office-warehouse
building in Minneapolis’ North Washington Jobs Park brownfields reclamation area, where a
longtime city business is relocating.

Standard Heating and Air Conditioning, after nearly 80 years on Lake Street, has already moved
into its new headquarters at 130 Plymouth Av. N., one of many sites close to Washington
Avenue that for years were polluted industrial land and have sprouted new development. After
checking out dozens of possible new locations — including some offers of free land in
Bloomington and St. Paul — the South Siders opted to move north.

Minneapolis-based Lupe Development Partners, which obtained control of the 74,000-squarefoot
site more than two years ago from another developer, had also been seeking a suitable new
home for Standard Heating. Lupe’s Steve Minn said Standard wanted to construct a new building
rather than buy an existing one for its new digs. The Plymouth Avenue site came with help in the
form of $350,000 in city environmental clean-up subsidies — which came along with a
requirement that jobs brought there would pay the “living wage” of at least $10.23 per hour.

But, Minn added, “one of the main reasons Standard chose to move to North Minneapolis was its
proximity to the Dunwoody College of Technology. They’re an HVAC contractor, and
Dunwoody has a great training program for HVAC students. Standard’s co-owner, Ted Ferrera,
is on the college’s board. It’s a case of wanting to be near where the graduates are coming from,
and being a part of the North Side community.”

Standard “spared no expenses” in fitting out the building with the latest in HVAC efficiency
features, as may have been expected by the company’s expertise. The new facility, he said, boasts
an advanced “resources recovery island,” in which workers can separate and recycle many
different materials, including precious metals. The firm, for the first time since 1930, is also
getting a parking lot for its 50 trucks, which drivers for years needed to park at their homes.

City records indicated that Lupe Development is also looking to develop the parcel across the
street into a 10,000-square-foot shopping center with a drive-through restaurant, and was
negotiating with the Star Tribune to obtain part of its printing plant property for the project.

DON JACOBSON

Don Jacobson, a freelance writer based in St. Paul, can be reached at
hotproperty.startribune@gmail.com.

http://www.startribune.com/business/67776837.html?page=1&c=y

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