Artspace has set its sights on city-owned downtown land. The nonprofit real-estate developer hopes to buy about a third of the nearly 3-acre vacant lot at Second and Tyler streets for $1 and build about 37 units of live-work housing, street-level commercial space and community space.
Roy M. Close, Vice President of Special Projects, Artspace
In this spotlight on Hastings, Minnesota, Roy Close, Vice President of Special Projects at Artspace illustrates how an Artspace project receives the green light using a powerful tool developed by the Artspace consulting team: the Arts Market Survey.
Residents will have an opportunity to learn more this week about a proposal to renovate a former industrial warehouse downtown into an apartment complex for working artists. You must be a subscriber to read the full article.
The pieces are falling into place for a new Artspace development in downtown Hastings. On April 9, the Hastings Economic Development and Redevelopment Authority agreed it would sell one acre of land to Artspace for $1, opening the door for the city to proceed with a business subsidy agreement and a predevelopment agreement.
The Lakewood Council unanimously approved to sign a letter of agreement with Artspace to begin the process of bringing affordable live-work space for artists to the city. Bringing an Artspace project to the city has been in the works for several years, and the process has included a feasibility study.
A study last year by the city, Artspace and the Hastings Prescott Area Arts Council determined there is market demand for 37 new affordable live-work units in the city. Hastings already has shown an interest in partnering with Artspace.
Officials said last year the neighborhood was "ripe" for the development. An exact location for the development, which has not yet been funded and is only in exploratory stages, has not been determined.
"It’s a tremendous opportunity,” said Hastings Community Development Director John Hinzman. “The Dakota County CDA has been able to bring tremendous resources to the table for this project, to take a project that five weeks ago seemed very distant because of the funding gap to something that could really be a reality.”
The general idea for the project is for a multi-level artists live/work development, with a preference for some sort of storefront or other non-residential space right on Second Street. No formal plans have been drawn yet.
The idea of bringing an Artspace artists' cooperative to Hastings is gaining traction. The Dakota County Community Development Agency has low-income housing tax credits that could be available for Artspace, a local nonprofit real estate developer that is studying Hastings to see whether a new artists' live/work building would succeed in the riverfront city.
The eclectic residents of Pullman — the entrepreneurs, the artists, the shopkeepers, the writers, the carpenters — made this day happen. Their love of community expressed through decades of lobbying, pleading and working through crushing bureaucracy finally paid off. You must register for free to access the full article.