Winthrop & Weinstine Celebrates Groundbreaking Ceremony for Historic Schmidt Brewery Project
Attorney John Nolde Represented Dominium Development and Acquisition,
in Multi-million Dollar Transaction
MINNEAPOLIS, MN – January 28, 2012. Attorneys from Winthrop & Weinstine, P.A.,
are proud to attend the groundbreaking ceremony for the Schmidt Artist Lofts,
scheduled for January 29th, 2013, at the former Schmidt Brewery site
in St. Paul. Attorney John D. Nolde and
a team of Winthrop & Weinstine attorneys handled the legal aspects of the
financing and acquisition of the project on behalf of Dominium Development and
Acquisition, LLC, a leading apartment development and management company
located in Plymouth, Minnesota.
Commenting on the ceremony, Winthrop & Weinstine
shareholder John Nolde said, “The Schmidt Artist Lofts project is a significant
investment in the city of St. Paul and the West Seventh area particularly. It is a privilege to see firsthand the
positive benefits associated with this project, as well as assist in a $100
million investment into the city.”
More than $69.3 million in
tax-exempt bonds were issued by the Housing and Redevelopment Authority of the
City of St. Paul for the project, and in excess of $4.2 million of environmental
grant funds were contributed by the city of St. Paul, originating from Ramsey
County, the Metropolitan Council and the Department of Employment and Economic
Development. Furthermore, the project
should receive more than $50 million in federal low-income and historic tax
credits, and $22 million in Minnesota state historic tax credits.
The project consists of the historic
rehabilitation of the old Schmidt Brewery on West Seventh Street, in the
buildings commonly known as the Bottle House and the Brew House. The two buildings will be rehabilitated to
provide 247 new units of affordable housing.
In addition, 13 new units will be constructed.
Mr. Nolde, a shareholder at Winthrop &
Weinstine, is a member of the Real Estate and Construction Law practice
groups. He has extensive experience in
the areas of real estate, low-income housing tax credits, and tax-exempt bonds
About Winthrop & Weinstine, P.A.
Winthrop & Weinstine, P.A. is a dynamic and
growing law firm focused on building strong client relationships through
responsiveness, innovation and creativity.
The firm enjoys steady growth by meeting the diverse needs of its
clients from individuals and emerging-growth businesses to Fortune 500
companies in an impressive array of industries throughout the Twin Cities and