Created: 01/29/2013 6:53 PM KSTP.com By: Scott Theisen
St. Paul took a big step towards a potential business boom Tuesday as officials broke ground on a development that's been in the works for years.
Hopes are high for the new development of the old Schmidt brewery building.
Mayor Chris Coleman picked up a shovel with other city officials for the ceremonial groundbreaking of the new development on West 7th Street.
Dominium Development is turning two of the four buildings on site into a loft-style affordable housing site for artists. There will also be studios for yoga, dance, pottery and performances.
The $123 million plan includes adding 260 housing units, which city officials hope will bring new business to the area.
And, there will still be beer. Current owners will keep a small warehouse where they can contract with beer makers who want to brew. There will also be a micro-brewery opening up in the complex.
The project is set to be finished by June 2014.
The Schmidt brewery was once one of St. Paul's largest employers.
The original building burned to the ground in 1900.
The current building was constructed in 1901.
The brewery stopped brewing beer in 2002.