New MISO relocation plans move forward
City Council approves planned development and final plat for the energy association’s new headquarters in Eagan
An Upper Midwest utilities association has received a green light from city officials to move forward with its plans to have a headquarters built in Eagan – a move that is expected to bring 90 jobs to the city.
On Sept. 4, the Eagan City Council unanimously approved a proposal by St. Paul-based developer Interstate Partners to construct a 60,721-square-foot building in the Boulder Lakes development to serve as a headquarters for Midwest Independent Transmission System Operator Inc.
MISO signed a 12-year lease in April with Interstate Partners for the building.
“We are very excited to learn about (MISO) and are excited they are looking to move to Eagan,” Mayor Mike Maguire said.
The single-story facility — north of Lone Oak Road and west of Highway 55 — will have a mixture of office and data-center space. It is expected to cost more than $10 million to develop.
MISO’s current facility is situated between railroad tracks, an apartment building and a sports bar, The Original Gabe’s by the Park in St. Paul.
None of those neighbors are apparently ideal for a mission-critical facility like MISO, which facilitates energy trading and supply in parts of 11 states and one Canadian province.
The lease for that location is set to expire Feb. 28, 2014.
MISO isn’t the first company to move into Eagan in recent years.
Prime Therapeutics, a pharmaceutical management firm, announced in December it plans to add 300 head-of-household jobs in Eagan. Diversified Information Technologies, a document management company, said in February it plans to expand to Eagan, adding 20 jobs.