Developers cancel North Loop Minneapolis condo project

A Minneapolis development partnership decided to scrub the 602 Residences condo project in Minneapolis’ North Loop neighborhood.

Curt Gunsbury and Robb Miller got approvals for the eight-story condo project in January from the city of Minneapolis and had been floating plans for the condo since last summer, but they weren’t able to pre-sell enough units to move forward, according to the Downtown Journal.

“I think the market isn’t able/willing to pay a premium for high quality construction in the…

County Executive Abele explores merging Wisconsin Center board with new arena authority

Milwaukee County Executive Chris Abele is exploring combining the Wisconsin Center District with a public authority created to run a new downtown Milwaukee arena as one aspect of funding the $500 million arena project, said Wisconsin Senate Majority Leader Scott Fitzgerald (R-Juneau).

Abele lacks the power to make that decision — the Wisconsin Center District is autonomous and was created by the state Legislature — and his office is not saying how he would approach the strategy. Wisconsin Center…

Pewaukee manufacturer seeks loan to move 128 workers to Milwaukee

A proposed loan for Pewaukee manufacturer Hilmot LLC to move 128 jobs to Milwaukee is among three the Milwaukee Economic Development Corp. will consider this month.

An affiliate of the conveyor system manufacturer is seeking a $1.2 million loan to buy an almost 100,000-square-foot building at 11925 W. Carmen Ave. near Highway 45 on Milwaukee’s northwest side, according to an MEDC report. Hilmot would relocate its expanding operations into about 80,000 square feet. The company has 128 employees…

Contracting firms allege non-payment from Austin developer

At least nine companies have filed affidavits alleging they have not been paid for work completed on a new restaurant and entertainment venue near Bee Cave south of Austin.

In documents filed at the Travis County Clerk’s office, general contractor Balfour Beatty Construction reports it has not been paid $715,448.17 by Texas Wildflower Properties LLC and affiliated company Lake Travis Entertainment LLC.

Those are the legal entities behind the creation of Hill Country Golf & Guitar — a restaurant,…

Opening date set for huge FedEx Ground distribution center

If all goes as planned, FedEx Corp. will be ready to open its new distribution center in Louisville this time next year for its FedEx Ground operations.

David Westrick, a communications specialist for FedEx (NYSE: FDX), told Business First by e-mail this week that the distribution center will exceed 300,000 square feet and should open by May 2016. He did not disclose construction costs.

As Business First reported in December, FedEx Corp. finalized plans to bring the distribution center to Blankenbaker…