St. Louis Park-based Bader Development is looking to secure funds for more than $1.9 million in environmental cleanup costs at a printing company site in St. Louis Park, Minnesota.
A nearly $600,000 grant approved by the Metropolitan Council on Wednesday will help remediate contaminated soils and remove timber pilings and an underground storage tank on the 2.2-acre site at the southwest quadrant of France Avenue and Highway 7.
Bader plans to build 150 market-rate and affordable apartments as well as 20,000 square feet of office space.
The project, called the Shoreham, is among 16 brownfield sites in Minneapolis, St. Paul, Hopkins, St. Louis Park and Maplewood awarded cleanup and site investigation funding from the Met Council totaling more than $3.5 million.
As part of this grant round, $190,000 was awarded to pilot projects to address environmental contamination and stimulate economic development in low-income areas.
Altogether, the funding will clean 22 acres and support a $2.8 million annual increase in net tax capacity, according to Met Council program coordinator Marcus Martin.
The projects funded are anticipated to create or retain 900 jobs, add 1,200 units of housing and create 400,000 square feet of commercial and industrial space.