Formerly known as Great River Landing, the name “confluence” represents a coming together or gathering point. The project will renovate the former 100,000 s.f. manufacturing facility into a hotel, apartment, and commercial space. Creation of a new riverfront park, deck overlook, and an expansion of the riverfront trail is also included. The facility will be open by the end of 2020.
This project is a perfect example of Hastings commitment to difficult redevelopment. The City acquired the property in 2010 as part of its vision for the Downtown. It spent almost nine years studying the possibilities, conducting the environmental remediation required for development, finding the right developer, and working diligently to make the project financially feasible. The City has demonstrated the patience, effort and financial commitment required to make complicated redevelopment projects a reality.
The Confluence is a collaboration of the City of Hastings, Hastings Economic Development and Redevelopment Authority, and Confluence Development LLC. The project would not be possible without the financial support of our project partners: Dakota County Community Development Agency, Metropolitan Council, Minnesota Department of Employment and Economic Development, and U.S. Environmental Protection Agency.
If you have a business idea, we want to hear about it. Take Extreme Sandbox for example. Not every community was interested in a new business looking to create an attraction based on operating heavy equipment. We listened to the story, understood the vision and helped this business navigate the startup process. Initially operating out of a temporary facility, Extreme Sandbox utilized a $30,000 gap loan, facilitated through the Open To Business program to assist in their expansion plans, including construction of a permanent building on Glendale Road. Extreme Sandbox provides groups and individuals the opportunity to experience the thrill of operating heavy equipment in a safe and controlled environment.
“I cannot speak highly enough of both the City of Hastings and the Open to Business program. Without the guidance and support of both, we would not have been able to grow our business. We are excited that Extreme Sandbox has become a tourism draw, allowing visitors from all over the country to experience what Hastings has to offer.”
- Randy Stenger, owner of Extreme Sandbox
The partnership between Hastings and Spiral Brewery shows how we can help you start and grow your business. The Hastings Economic Development and Redevelopment Authority (HEDRA) used a $48,000 Revolving Fund Loan to close the gap between available financing (bank loan, equity and Kick starter funding) and initial project costs. This loan also provided important working capital for the new business. HEDRA has made two additional loans to help facilitate spirals growth. These investments resulted in a renovated building at a key location and an important new attraction for Downtown Hastings.
Linn Companies, owner of Holiday Gas Station on the corner of Highway 61 and 15th Street, sought to redevelop a property located directly across the street. The property was formerly a small gas station and required substantial demolition and site preparation costs. The Hastings Economic Development and Redevelopment Authority (HEDRA) used tax increment financing to help offset these additional redevelopment costs HEDRA issued a $245,000 TIF note to assist with the cleanup and site preparation costs. Issuance of the TIF note allowed Linn Companies to construct a NAPA auto parts store on the site. The new 8,500 square foot building replaced a community eyesore and increased the vitality of the commercial corridor.
Artspace Hastings River Lofts provides affordable housing and workspace for Hastings’ vibrant arts and creative community. The River Lofts provides 37 affordable live/work units for artists and their families. This mixed-use project also includes ground-floor retail space, resident gallery, and programmable outdoor community and event green space. River Lofts followed the City’s $6 million Riverfront Renaissance park and streetscape project.
The City worked with Artspace through every step the approval and construction process. The City adapted land-use controls, including parking requirements, to fit this unique project. Financial assistance to this project included the sale of property for one dollar and reduced dedication.