ST. PAUL, Minn., May 15, 2012— The Ramsey County Regional Railroad Authority (RCRRA) has conditionally approved the selection of two firms that will play a critical role in the activation and development of Union Depot. Today’s action by the board allows county officials to begin negotiations with the firms.
In December 2011, RCRRA began an open solicitation process for selecting partners to provide property management services and oversee a leasing and development plan to activate the newly restored transportation hub. Additionally, RCRRA solicited for a private partner to design and operate a state-of-the-art bicycle center.
PROPERTY MANAGEMENT, ACTIVATION AND DEVELOPMENT SERVICES
If negotiations are successful, Jones Lang LaSalle will provide property management and leasing/activation services for the historic Union Depot. The company is one of the world’s largest commercial real estate firms and the largest third-party retail property management firm in the U.S.
Jones Lang LaSalle has extensive experience in the management and operations of transit stations including Union Station in Washington, D.C., Chicago Union Station and New York City’s Grand Central Terminal. The firm employs more than 200 commercial real estate professionals in the greater Minneapolis-St. Paul region, has a corporate office in downtown Minneapolis and serves as property manager of Rosedale Center and Calhoun Square and leasing agent for a 2.8 million- square-foot portfolio of office properties.
“Jones Lang LaSalle understands the importance of establishing Union Depot as a great public place in Lowertown and in downtown St. Paul, which should serve as a catalyst to spur nearby commercial and residential development,” said Commissioner Jim McDonough, chair of the RCRRA.
If selected, the firm will take over the day-to-day property management of Union Depot, including general facility management, building operations and maintenance, cleaning and security. Additionally, the firm will implement a retail development plan for Union Depot, leveraging significant investment in new transportation services and the restoration of the monumental architecture to create a vibrant, active place for shopping and arts or cultural events.
“Our experience overseeing leasing and management at a variety of other major transportation hubs across the U.S. gives us a unique insight that we are eager to leverage for the benefit of Union Depot,” said Mark Hunter, Senior Vice President and Midwest regional head of Jones Lang LaSalle’s Retail division. “We share the RCRRA’s vision for Union Depot as a ‘community center’ and economic development engine and look forward to helping revitalize the property to that end.”
For more information on Jones Lang LaSalle, visit http://www.joneslanglasalle.com.
BICYCLE CENTER OPERATION
Pending successful negotiations, One on One Bicycle Studio, Inc., has been selected to design and operate a bicycle center on the ground level of Union Depot. The center, with entrances and storefront windows facing Sibley Street, will feature secure bicycle storage, showers and lockers for commuters, bicycle repair and retail services. In addition, they plan to operate a café and art gallery, providing grab-and-go foods for commuters, gourmet soups, sandwiches and organic, fair- trade coffee.
One on One Bicycle Studio is a leader in the bicycling community. In 2003 One on One Bicycle Studio became the first bicycle + coffee shop in Minneapolis—located just a few blocks away from the Hiawatha LRT line in downtown—and has been an important part of the Twin Cities’ rise to the top of the national bicycling scene. Expanding the business into St. Paul at Union Depot allows One on One Bicycle Studio to bring arts and community based events that have drawn thousands of residents, bicycle enthusiasts and recreational users to their shop in Minneapolis’ historic Warehouse District.
“We’re really excited to become part of this project, and the energy that is going on in Lowertown,” said Gene Oberpriller, co-owner of One on One Bicycle Studio.
Learn more about One on One Bicycle Studio, the company’s events and commitment to active, healthy lifestyle choices at http://www.oneononebike.com.
Under the direction of the Ramsey County Regional Railroad Authority, the 33-acre Union Depot site is being transformed into a state-of-the-art multimodal Midwest regional transit hub, bringing together rail, bus, motor vehicle, bicycle and pedestrian traffic.
Union Depot renovation will be complete at the end of 2012, and services will include Amtrak, light rail, local and inter-city bus service, taxis—and in the future—commuter rail and high speed rail to Chicago. For more information visit http://www.regionalrail.org, or follow the Union Depot on Facebook at http://facebook.com/uniondepot.