MINNEAPOLIMEDIA NEWS | $31 Million Roseville Project Turns Long-Polluted Industrial Site Into Technology Center

The 155,000-square-foot Twin Lakes development is expected to support about 150 jobs after a $6.3 million environmental cleanup

ROSEVILLE, MN (September 7, 2026). A long-contaminated industrial property in Roseville is being transformed into a $31 million technology center, bringing one of the final undeveloped parcels in the city's Twin Lakes district back into productive use after more than two decades.

Construction is underway on the 155,000-square-foot Twin Lakes Technology Center on 12.5 acres northwest of Rosedale Center near County Road C.

The site formerly housed truck-terminal operations associated with Pik Terminal Co. and Hyman Freightways and was contaminated by diesel fuel, solvents and other industrial pollutants.

The project includes approximately $6.3 million in environmental cleanup and about $25 million in construction. Mortenson began building the center last month after most of the soil remediation was completed.

Hyde Development, which purchased the property in 2025, says it is in discussions with about 10 prospective tenants, including medical, advanced-manufacturing and technology-oriented businesses. The completed center is expected to support approximately 150 jobs, with tenants potentially moving in beginning in spring 2027.

The redevelopment marks a significant turn for a property that has resisted development for years.

Hyman Freightways closed in 1997, terminal operations ended in 2002 and the former truck-terminal buildings were demolished in 2013. While other portions of the roughly 300-acre Twin Lakes area were gradually redeveloped, this parcel remained vacant as contamination and unsuccessful development proposals complicated its reuse.

PUBLIC INVESTMENT IN THE CLEANUP

Public funding is helping make the redevelopment possible.

The Minnesota Department of Employment and Economic Development contributed approximately $2.5 million toward cleanup, Ramsey County provided $500,000 and the Metropolitan Council contributed $325,000. Roseville also approved tax-increment financing assistance for the contaminated property.

City officials estimate the site's market value could rise from nearly $5 million to more than $20 million after redevelopment. State estimates have projected the completed center could add nearly $650,000 to the local tax base.

The building is also expected to include rooftop solar generation and energy-efficient prefabricated walls.

WHAT HAPPENS NEXT

Construction will continue into 2027, with the first tenants potentially arriving in the spring.

Which companies ultimately occupy the building will determine whether projections for approximately 150 jobs and the anticipated increase in tax value are realized.

For Roseville, however, construction already marks an important milestone: a property burdened for decades by industrial contamination is moving toward redevelopment as one of the last major pieces of the Twin Lakes transformation.

❤️ SUPPORT MINNEAPOLIMEDIA

STAY CONNECTED TO MINNEAPOLIMEDIA

Local stories matter. Subscribe free to MinneapoliMedia and receive independent news, community reporting and important updates from Minneapolis, the North Metro and communities across Minnesota.

SUBSCRIBE FREE: https://minneapolimedia.town.news/subscribe

MinneapoliMedia | Community. Culture. Civic Life