Development
St. Cloud, MN
17,013 SF
2014
About this property
The Quinlivan & Hughes corporate headquarters at 1740 West St. Germain Street in St. Cloud is a 17,013 square foot office building developed through Redevelopment Holdings One, LLC, a partnership between Inventure Properties and Mission Development. Completed in November of 2014 at a cost of $3,010,000, the project was delivered design build with BCI Construction and LHB Architects. The building occupies the former site of the Granite Bowl, a St. Cloud landmark constructed in 1940 that operated until 2010. The existing structure was demolished and replaced with a modern office building featuring an efficient floor plan, state of the art comfort management systems, and capacity for future expansion.
How Inventure Identifies and Underwrites Redevelopment Sites
Quinlivan & Hughes needed a headquarters with real community visibility, and downtown St. Cloud did not have a ready building that met the requirement. Inventure and Mission Development identified the old Granite Bowl parcel on the edge of downtown, a site most buyers passed on because of existing site conditions and demolition exposure. Those same conditions are what made the deal work. The site qualified for Tax Increment Financing and DEED credits that closed the financial gap between what redevelopment cost and what the project could support. Reading that correctly before acquisition is the difference between a site that sits and a site that gets built.
How the Redevelopment Was Structured and Delivered
Inventure took ownership position through Redevelopment Holdings One, LLC alongside Mission Development rather than advising from the outside, which put the firm’s capital behind the outcome. The existing Granite Bowl structure was demolished and the new headquarters built in its place under design build delivery, keeping architect and contractor accountable to one budget on a project where site conditions carried real cost risk. The building was designed with traditional undertones appropriate to a firm with a long St. Cloud history, an efficient floor plan that reduced the square footage the tenant needed to carry, and structural allowance for future growth.
- Ownership Position - Inventure co owns the asset through Redevelopment Holdings One, LLC with Mission Development.
- 17,013 Square Feet - Completed in November of 2014 at a cost of $3,010,000.
- Site Redevelopment - Former Granite Bowl site, built in 1940 and operated until 2010, demolished and rebuilt.
- Public Financing Secured - TIF and DEED credits awarded to make the redevelopment financially attainable.
- Purpose Built Headquarters - Efficient floor plan with state of the art comfort management systems and room for future growth.
Why Companies Choose Inventure for Headquarters Redevelopment
Quinlivan & Hughes is one of many examples of Inventure Real Estate solving a location requirement no existing building could answer: identifying the right redevelopment parcel, structuring the public financing that makes complicated sites viable, taking ownership risk alongside the tenant, and delivering a headquarters designed around how the organization operates. For corporations, healthcare systems, universities, and municipalities looking for a partner who sits on their side of the table and performs, Inventure brings the platform, the relationships, and the decisiveness that turn complicated projects into completed ones.
Key Property Features
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