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Building
an Image
As
shopping and services have gravitated
farther from the center of town,
many downtown areas like St. Cloud
have faced a challenge in creating
a new image. Ironically, their biggest
draw is the historic ambiance.
Sam
Dalluge is a new kind of commercial
investor who is facilitating downtown
revitalization. With a personal passion
for historic restoration, Dalluge
now co-owns two buildings in downtown
St. Cloud, and acknowledges that
this type of investment must take
a longer view. However, the returns
are just as valuable.“We had
the ‘if you build it they will
come’ mentality, which is kind
of backwards,” says Dalluge
who is a lawyer by day. His investment
partner is a CPA, and they both work
in an historic building they restored
in Long Lake. “It’s not
typically what a commercial investor
does. And our wives sometimes think
we’re crazy. But our goal is
to have a nice property that people
enjoy and we can sell when we retire
or live off the income it generates.”
Dalluge’s
first St. Cloud investment, the early
1900s-era Hunstiger Meat Building
at 819 West St. Germain, is now filled
by a new coffee shop with plans for
artist studios on the second floor.
In addition to restoring original
wood floors and tin ceilings, the
design replaced decorative brick
corbelling and large glass windows
shown in original storefront photos.
The building recently won an Adaptive
Reuse Award from the Preservation
Alliance of Minnesota.
Since this
building’s restoration,
Dalluge and his partner have purchased
and begun renovations on a second
building at 713 West St. Germain in
St. Cloud. Other investors who see
the value in historic architecture
for developing a unique shopping
district downtown are beginning
their own renovation projects. |