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HISTORIC REHABILITATION TAX CREDIT APPLICATIONS Representative Projects GRAIN BELT BREW HOUSE, MINNEAPOLIS, MINNESOTA The slate-roofed towers of the Minneapolis Brewing Company's brew house have dominated the skyline of Northeast Minneapolis since 1892, a year after the company was formed by the merger of four brewers. After the brewery closed in 1975, many developers eyed the nearly 100,000-square-foot brew house, but none were able to bring plans for the complicated structure to fruition. Then in 1999, nearly a quarter of a century after the last beer was drawn from Grain Belt's vats, RSP Architects approached Ryan Companies, a Minneapolis developer, about the feasibility of renovating the brew house, with Ryan as the contractor and owner and RSP as the building's tenant. The team maintained the existing layout and character while carving out forty-seven interior doorways/openings, adding "catwalks" and other circulation paths, modifying floor levels, and finding creative ways to use unusual spaces. Historic investment tax credits were an important part of the project's pro forma. As with many historic buildings, the cost of renovation greatly exceeded the revenue to be derived from the brew house. Ryan, RSP and the city worked together to "fill the gap," which exceeded $13,000,000. RSP Architects moved into the renovated Grain Belt brew house in March 2002. GRAYSTONE HOTEL/HOLMES BLOCK,DETROIT LAKES, MINNESOTA Constructed in 1916-1917 on a prominent corner in downtown Detroit Lakes, the Graystone Hotel once exemplified the area's successful tourism industry. After losing business to newer motels in the post-World War II era, the hotel was converted into substandard apartments in the 1970s and soon become a symbol of the decline of downtown Detroit Lakes. A $2.9-million renovation, financed by a creative combination of low-income and historic tax credits, grants, and loans, converted the Graystone into twenty-two affordable apartments. High-quality commercial space on the first and lower floors helps support the housing. A lower-level ballroom has returned to service as a community meeting room. The Graystone's transformation has stimulated other renovation projects including the adjacent Holmes Block, which has been rehabilitated for retail and office use. The two projects have played an important role in returning vitality to the city's historic core. KILDALL FISH COMPANY BUILDING,MINNEAPOLIS, MINNESOTA This 40,000-square-foot building, a contributing feature in the historic Minneapolis Warehouse District, was built in 1914 by the Kildall Fish Company. Its signature product was ludefisk, a favorite of Scandinavian immigrants. To produce ludefisk, cod was imported from Norway and soaked in the building's basement in vats of lye, which altered the fish's color, texture, flavor, and smell, then rinsed. Kildall's business declined by the 1950s, and the building was leased to a variety of wholesale and light- manufacturing concerns. A $1.7-million renovation converted the structure into the headquarters for a publishing company, as well as a restaurant and retail space. Hess,Roise and Company--The Foster House-100 N.First Street—Minneapolis,MN 55401-612-338-1987