The developer will be converting the Schmidt Brewery in to 247 rental lofts and add 13 townhouses near the bottle house.
Dominium bought Schmidt Brewery main brewery in 2011 for $6.2 million, according to a Star Tribune report, and will spend approximately $123 million on the conversion project.
The project is anticipated to be completed in 2014.
Beer has not been brewed at the Schmidt Brewery in St. Paul since 2002, according to the Minneapolis/St. Paul Business Journal.