06-26-2017 Council Packet (2) - Laserfiche WebLink

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1 WS – Item #1 WORK SESSION STAFF REPORT Work Session Item No. 1 Date: June 26, 2017 To: City Council From: Michael Grochala, Community Development Director Re: Watermark Development Update Background Mattamy Minneapolis, LLC, received PUD Development Stage Plan/Preliminary Plat approval in June of 2016 (Resolution No.16-51) for the proposed Watermark residential development. The proposed development is a master planned residential community located in the northwest quadrant of I-35E and CSAH 14/Main Street. It contains 12 parcels totaling approximately 372 gross acres and consisted of a residential mix of 706 single family lots and 165 townhome units totaling 871 housing units. In February of 2017 the City was informed that Mattamy Homes was moving out of the Minnesota housing market and selling off its existing land holdings, including the Lino Lakes site. In April of 2017, following a request from Mattamy, the City Council approved a six (6) month extension for the submittal of the PUD Final Plan/Final Plat for the development. Mattamy has since been working on a potential sale of the development to Lennar. Lennar is a leading home builder in the Twin Cities and nationally. As part of its consideration Lennar is proposing an amendment to the PUD to modify lot sizes to adjust to their available product types. The proposed changes include: • Elimination of the 44’ wide lots and addition of 60’ wide lots product. The 55, 65’ and 75’ lots previously approved would remain throughout the development. • Slight reconfiguration of the townhome area and addition of a 2nd TH product type. • Introduction of a “Villa” product geared toward the empty nester with single level living. • Increase in total number of units from 871 to 896. Lennar is proposing to begin construction of Phase 1 at the south end of the site, along the 21st Avenue extension, in the fall of 2017. Phase 1 would consist of approximately 20 Townhomes and 10 single family detached homes. Development of the park area would be moved to a future phase.