Among the tenants of the building likely will be nearby RegionsHospital, owned by HealthPartners, and Gillette Children'sHospital, which serves children with disabilities. HealthPartners'Joe Dangor says his company anticipates leasing two of the threefloors for various specialty services, although the specific useshave not yet been determined.

"Moving various functions off their campus to Westminster allowsfor expansion of hospital beds on their campus," says WilliamMorin, the Port development officer. Another attraction for thePort and the City of St. Paul is that the project would generatereal estate taxes about two to three times larger than a lightindustrial use of the site would have generated, he adds.

The building, which is expected to be ready for occupancy in thespring 2006, will be owned by a joint venture between the Port andFrauenshuh. There is no price tag on the project yet, although thePort's contribution of land has an estimated appraised value ofnearly $2.7 million and Frauenshuh will make a cash contributionequal to that, according to Port documents.