A new technology center will open in Roseville in December, planned to feature multiple different companies in the manufacturing and medical industries (credit Aaron Cornelius)

Brand new industrial tech development to attract new companies, provide over a hundred new jobs

By Erik Suchy — Contributing Writer

A former Roseville truck terminal site is set to get new life in just a few months. 

At a recent groundbreaking ceremony, Minneapolis-based Hyde Development announced progress on the Twin Lakes Technology Center, a 152,250-square-foot industrial-flex building that will house a variety of companies. 

Tenants are expected to include advanced manufacturing, medical technology and laboratory companies, as well as office and distribution operations. The center is expected to open by December. 

“We’ve been working on this since March of 2025, when the project first hit the market,” said Hyde Development CEO Paul Hyde. “One of the great joys of this business is to see something come to life after all this thinking, planning and so many meetings. It’s fun to both see and celebrate with all the stakeholders that you’re actually building and creating something. That’s what this means to us.” 

A quest for cleanup 

For over 30 years, Hyde Development has specialized in redeveloping polluted and infill sites. According to Hyde, the terminal site, located at 1945 Twin Lakes Parkway, had been in the company’s crosshairs for the past two decades. It hadn’t been available for redevelopment until last spring, when the company was able to put it under contract. 

“When investing in cleaning up polluted sites, if you can’t access different grant dollars, the site becomes too expensive to invest in,” Hyde explained. “Tenants won’t pay the increased rent you’d have to charge to fund the cleanup. They’ll go to a cheaper, clean site, which is why the terminal sat where it was for 20 years.” 

However, Hyde readily admits that cleaning up the site presented its own set of challenges. Since the 1950s, the area has accumulated solvents and petroleum products in its soil and groundwater. Even after investing in the property and securing a cleanup plan approved by the Minnesota Pollution Control Agency, the company still needed to secure funding to pay for the cleanup. 

To do this, Hyde Development partnered with the Roseville Economic Development Authority, which received grants from multiple sources to fund cleanup and pave the way for site development. Among them were $325,000 from the Metropolitan Council, nearly $2.1 million from the Minnesota Department of Employment and Economic Development and $500,000 from Ramsey County. 

“Without those public partners to help fund cleanup and redevelopment, the project never would have taken place,” said Hyde. 

From old sites to new beginnings 

As things stand, Hyde said numerous discussions are planned this fall with regional, national and international companies interested in becoming tenants at the center. Once fully occupied, he anticipates the center will bring well over 150 jobs to Roseville and surrounding communities. 

“What was a good site 60 to 70 years ago is a better site today, largely because of population and community growth. What we’re seeing in this case is that when you replace a tougher-use site with better jobs, you bring more sophisticated businesses and a higher tax base,” Hyde said. “That’s why the brownfield redevelopment trend and other programs are so robust and successful. There are benefits here not just from having more apartments or more retail, but from jobs and a tax base that can help the community thrive in the future.”