Developer plans high-rise on Nye’s site

Director Schafer Richardson, plans on developing the old historic restaurant of Nye’s Polonaise.  He plans on turning it into a major apartment complex that will be up to 30 stories talls.

The owners of the bar has been approached by many developers but decided to go with Richardson because he has redeveloped several historic buildings in the city of Northeast Minneapolis.

According to the article Ny’s has been around for 65 years on along East Hennepin, across from the Mississippi River.  The restaurant has been struggling financially for some years now and eventually decided to ‘partner’ with Richardson for redevelopment. Nye’s is still under review by the Minneapolis Heritage Preservation Commission.

Richardson added a quote saying ” We’re respectful of the history of the property and if there’s a way to pay homage to the history of the buildings, we’re all for trying to figure that out”

I think this goes along greatly with our previous topic in class of historic preservation just like that of the theatre we went and visited.  It’s nice to see that there are so many buildings that are being preserved for their historical significance rather than just being torn down and forgotten about.


Study shows economic development value of historic preservation

With this week’s class topic, I found this article from this summer that I found somewhat interesting.

SALT LAKE CITY — Preserving historic buildings and sites creates jobs and increases property values, according to a study released Mondayby the Utah Heritage Foundation.