The owners of the Calhoun Beach Club apartments, are seeking a historical designation for the 1920s building.
Receiving the state of Minnesota's designation would put the 2730 W. Lake St. building on the National Registry of Historic Places. The move would also qualify property owners Apartment Investment and Management Co. for a 20 percent federal investment tax credit.
Susan Roth, the Minnesota Historical Society's National Register Historian, said that the building, currently under renovation, must comply with interior standards set by the National Park Service.
Because such standards limit property changes, owners can qualify for the tax credit.
AIMCO officials did not return calls for comment; Roth said they are still in the early stages of pursuing designation. She said she is still reviewing the property's documentation. If the building passes scrutiny the preservation office would nominate the property to the national registry.
AIMCO was recently allowed to terminate a federal Section 8 contact that provided housing for 16 low-income and/or disabled tenants. In March, the company laid off more than 100 employees of the Calhoun Beach athletic club.