ABOUT US / Q&A

QUESTIONS AND ANSWERS ABOUT ISLAND STATION

Q1: Are you keeping the stack and how tall is it?
A1: Yes we are keeping it. It rises 200 feet above the roof of the power house and is made of a fire brick lining and built of steel.

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THE ISLAND STATION DEVELOPMENT TEAM is a team of local professionals with the experience on similar projects necessary to bring the challenging Island Station redevelopment project to fruition.

SpringPointe Development Inc. – Developer
SpringPointe is a Twin Cities-based, full-service property development firm that specializes in identifying unused or underutilized industrial sites and neighborhoods, and then purchasing and transforming the properties for improved land use and the betterment of the community.

Welsh Companies – Project Investor and Strategic Advisor
Welsh is a leader in full-service commercial real estate. The Twin Cities based company and its affiliates are involved in leasing and brokerage, client representation, property management, facility management, corporate real estate services, architecture, construction, development, mortgage banking, facility services, and non-profit consulting services.

Welsh Capital has arranged for pre-development funding for the project and will further assist with placement of the construction financing once the required City approvals are in place. Welsh has provided debt or equity financing to other current condominium projects, including: Upton Landing, the Rossmor, the Produce Exchange Building, Stillwater Mills and the Lowry Medical Arts Building.

Rich Pakonen, PAK Properties – Project Investor and
Strategic Advisor
Rich Pakonen is the president of PAK Properties, a Saint Paul-based real estate development company focused on urban residential development. PAK Properties specializes in projects that create a variety of residential units and commercial spaces within new and existing buildings. Current Saint Paul projects include: the Produce Exchange Building, the Rossmor Building, and the Lowry Medical Arts Building

Coldwell Banker Burnett – Realtor
Coldwell Banker Burnet will provide real estate marketing services for Island Station. The company boasts the number one market share position in Minnesota, with nearly 3,000 sales associates in 41 offices throughout the Twin Cities, Rochester, and St. Cloud, greater Minnesota and in western Wisconsin.

The smokestack at Island Station is approx. 200 feet tall, 25 feet in diameter, and constructed of riveted 6 gauge cold rolled steel. The stack is also firebrick lined all the way to the top.

Flooring and stairs in the main structure of Island Station were produced by Irving's Iron Works of New York. Irving's Iron Works opened its doors in New York City in 1902 and its first steel grating products were designed and manufactured in 1912 for use as sidewalk vents for the New York City Subway System. The new flooring product was aptly termed "Subway Grating" and a new industry was born.