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New Brighton authorizes contract with APi
The company plans to start construction on a new office building in the New Brighton Exchange this fall
The New Brighton City Council authorized a contract for private redevelopment with APi Group for an office expansion project in the New Brighton Exchange at its Jan. 14 council meeting.
APi Group is a Minnesota based parent company to 40 fire protection, industrial and specialty construction companies located throughout North America and the United Kingdom. The company’s headquarters have been in the New Brighton Exchange site since 2007, but they are a growing company in need of more space.
APi is looking to build a 45,000-square-foot office building on block G, in the southwest portion of the Exchange site, across from the View Apartments and directly north of their headquarters.
APi plans to start construction on the three-story office building on the southern half of the four-acre parcel in October and have it completed by December 2015.
Under the agreement with the city, APi will have the ability to purchase the remaining two acres for a third, 30,000-square-foot building. If they choose to pursue that expansion on the northern half of the property, they would need to close on that parcel by the end of 2016 and finish the building by December 2018.
The company will pay the city approximately $8 per square foot for the full four acres and be responsible for any public improvement changes needed on the property. They will also pay $138,000 at closing in consideration for phased development and to keep the north half of the lot off the market for two years, city planner Janice Gundlach said.
“Our growth projections are still very strong,” APi Distribution Vice President Shane Shipman told the council. “We’re doing very well as a business locally. We certainly need the space and we look forward to moving forward with that southern two acres if possible.”
Councilmember Mary Burg asked Shipman how many new jobs would be added when the building is completed. Shipman said he was not sure, but believed at least 50 people would work in the new facility. He said the company needs space for its expanding business, which is primarily their national services group. The bottom level would be used as a training facility.
“We have a lot of training, which is done at different venues and we are trying to centralize that and bring a lot of that training in-house to standardize across the enterprise,” Shipman said.
APi is required to submit preliminary plans for the 45,000 square foot building by March and will initiate the site planning process this spring. Closing on the site is slated for the end of summer.
“We are very excited and committed to moving forward with this project,” Shipman said.
Joshua Nielsen can be reached at email@example.com or 651-748-7824.