West End Development
was formed by Michael McCall and Steven
Shapiro in 1980. Steven, an attorney with the Minneapolis
based law firm Larkin Hoffman Daly and Lindgren (and an architect
and anthropologist as well), worked on the Wilson Learning relocation
project, with Michael as his client, for the better part of two
years. Having become good friends sharing mutual aspirations, when
it become clear that Wilson Learning would not take the plunge into
sophisticated real estate development, Michael and Steven decided
the time was right to venture out on their own.
Together Michael
and Steven formed West End Development Company, wrote a private
placement memorandum, secured angel venture capital from the prominent
Wheelock and Irene Whitney family, and formed a new site-specific
development vehicle, The Depot Development Company. Depot Development
trained its attentions on the redevelopment of the Milwaukee Road
depot and its 16 acres.
Michael and
Steven put together a consortium of investors and development team
and that included influential corporate backers such as the Minneapolis
Star Tribune and Soo Line Railroad; successful co-developers, including
hotel developer Morris Levy (L' Hotel Sofitel), specialty retail
developer Warren Beck, and housing developer Larry Laukka; and,
consulting development professionals "Dewey" Joseph, Esq.
from
the Dorsey
Whitney law firm, David Bennett from the BRW planning and architecture
firm, and market economist Jim McCombs.
The Depot Development team created and proposed the "Depot
Park" development plan, calling for an estimated $115 million
(1981 dollars) mixed-use project.
When the bankrupt Milwaukee Road railroad put the site up for auction,
Depot Development's $6.5 million (1981 dollars) bid came in second.
At age 25 and engaged to be married, in the spring of 1982 Michael
chose to accept a position with Jim
Rouse's Enterprise Development Company, in Columbia, Maryland.
Years latter, the Milwaukee Road Depot site was redeveloped into
"The
Depot," featuring an enclosed ice skating rink under
the train shed and two Marriott hotels with their own indoor water
park.