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4 posts categorized "Uptown stories"

September 15, 2015

High-profile 2nd Street property sold for residence

After years of being up for sale, a long-time Second Street Southwest business recently sold for $272,000.

On Sept. 1, Dick Saterdalen sold the 64-year-old house at 2120 Second St. S.W. where he lives and operates Dick's Auto Sales. He also previously ran the Liquidation Store at the site. He sold the property to Abdullah M. Aljaberi, according Olmsted County property records.
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Saterdalen says he will continue to run Dick's Auto Sales at the site until Dec. 1, when he will move the operation to a small farm on Rochester's Viola Road.

Aljaberi is reportedly planning to renovate the house and use it as a residence, according to Saterdalen.

That Second Street house/storefront was in the news in 2013, when the City of Rochester began its $7 million re-construction of the area now dubbed as "Uptown." When a new median was built in front of the property, the 24-year-old business lost its direct left-turn access as well as on-street parking spaces.

Saterdalen complained that the Uptown project killed a deal he had with a bank that wanted to buy his property.  He also protested the assessment that the city charged him for the project.

Overall, Saterdalen blamed Mayo Clinic's Destination Medical Center Initiative for forcing his old-fashioned business/residence off of Second Street.

March 06, 2015

10 years of blogging Rochester

On March 4, 2005, I wrote my first blog post. Kiger's Notebook blogo 2x

It was my sixth year at the Post-Bulletin. I created the "Heard on the Street" column about three years before the blog began. 

More  than 6,200 posts, stacks of columns, mountains of tweets and many gray hairs later, I'm still here writing about business and things vaguely related to businesPhoto on 2015-03-03 at 18.11s in southeastern Minnesota.

It'syou, the readers, who make this career such a fulfilling and entertaining one. Thank you everyone for your feedback, criticism and support over these past 10 years. 

10 years of blogging Rochester

On March 4, 2005, I wrote my first blog post.Kiger's Notebook blogo 2x

It was my siPhoto on 2015-03-03 at 18.11xth year at the Post-Bulletin. I created the "Heard on the Street" column about three years before the blog began. 

More than 6,200 posts, stacks of columns, mountains of tweets and many gray hairs later, I'm still here writing about business and things vaguely related to business in southeastern Minnesota.

It's you, the readers, who make this career such a fulfilling and entertaining one. Thank you everyone for your feedback, criticism and support over these past 10 years.  

May 08, 2014

JM alumni go 'Uptown' at Moga Square

John Marshall High School's Class of 1991 is well represented in a recent commercial real estate deal on Rochester's Second Street Southwest.

Mogsquare:uptownsquareStephen Knaup, a JM Class of 1991 alumnus, bought the Moga Square building at 2001 Second St. S.W. for $1.9 million on April 28 as an investment property and to house a second local office for his professional staffing firm called Hire Investment.

Knaup opened Hire Investment in 2005 and its original office occupies half of the Knaup Endodontics building at 2659 Superior Drive N.W. Dr. Deborah Knaup, who runs the specialty dental clinic, is Stephen's wife as well as a fellow JM grad.

Since he plans to double his Rochester staff to 28, Hire Investment will maintain the Superior Drive office in addition to the new one. Hire Investment also has offices in Arizona, Colorado and New York.

Handling the purchase of Moga Square for the Knaups was Scott Hoss of Paramark Real Estate Services. Hoss also graduated with the Knaups.

Now that he owns the fully leased complex, Stephen Knaup is investing about $200,000 to upgrade the Second Street building.

"We want to class this place up," he said.

The construction, under the supervision of another Class of 1991 alum, Aaron Benike, is expected to be complete in August.

The changes won't end there. In keeping with the move to re-brand the Second Street Southwest neighborhood as Rochester's "Uptown," Knaup plans to change the name on the sign out in front of his new building.

"I'm going to re-name it as Uptown Square," he said.