business and commerce
Business and commerce is an ever-changing diorama in and around
Phillips as new waves of immigrants arrive and older established
businesses grow, adapt, or move (sometimes only across the street
into new quarters). Where Scandinavian immigrants and Jewish businesses
once clustered around church and synagogue, the Franklin Avenue
commercial district now includes a mall built by the American Indian
Neighborhood Development Corporation (AINDC), which houses Latino,
German, and American Indian enterprises. Replacing dilapidated buildings
and moribund businesses along the avenue are: multi-story apartment
buildings, a world-renowned bakery, a new flower shop, a remodeled
library, a grocery store, and a new credit union building.
Even more visionary and extensive, the Midtown Exchange on the
intersection of Chicago Avenue and Lake Street represents an investment
by the city, county, state and federal governments, together with
private investors, of almost three hundred million dollars in new
office space, businesses, and housing. Due for completion in 2006,
it is perhaps the largest and most ambitious project of its kind
ever attempted in Minnesota. Its impact on business and commerce
along the length of Lake and Chicago in Phillips will be enormous.
A smaller but very focused redevelopment is occurring at the Hi-Lake
Shopping Center at the intersection of Lake Street and Hiawatha
Avenue in East Phillips. This project is designed to serve both
the neighborhood and commuters on the LRT (Light Rail Transit) line
which bridges the intersection.
These are only the most conspicuous examples of the highly charged
business environment that has taken hold in Phillips. Other new
or redeveloped businesses include the Mercado Centrale at Bloomington
and Lake, the Me Gusta Mercado at 15th and Lake, and the Heart of
the Beast Theater at 15th and Lake. Because the catalogue of Phillips
businesses is open-ended, it will be updated continuously as needed.
Some of Phillips' businesses are mentioned here. More will be added