05/05/2022 EDAC Packet - Laserfiche WebLink

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1 ECONOMIC DEVELOPMENT ADVISORY COMMITTEE AGENDA ITEM 3A STAFF ORIGINATOR: Michael Grochala, Community Development Director EDAC MEETING DATE: May 5, 2022 TOPIC: Clearwater Creek Business Park – Rehbein Properties Comp Plan Amendment and Interim Land Use BACKGROUND In October of 2021, the EDAC discussed the possible relocation of the Rehbein Properties black dirt pile to a location on the east side of 21st along with the a possible land use change from commercial to industrial. The EDAC was supporting of this request and Rehbein Properties is actively working on the proposal. The relocation of the stock pile was approved in March of 2022. Staff is currently working with the property owner and two developers on an industrial project that would build out the entire land area between Northern Lights Blvd and Cedar Street. Ryan Companies, a Minneapolis based real estate developer, is working on a plan to develop the 35 acres north of Clearwater Creek. They are also coordinating plans for development of the 10 acres south of Distribution Alternatives by MSP Commercial. Development of both parcels may result in 4 buildings with approximately 560,000 square feet of manufacturing, office and warehouse space. The estimated market value would likely exceed $35 million. There are a number of issues that will need to be addressed to facilitate the development and staff working through those with the development groups. We are expecting a request for tax increment financing assistance to help address extraordinary development costs associated with the project. Land Use Change The land north of Clearwater Creek is currently guided for commercial use and zoned GB, General Business. Staff is anticipating a Comprehensive Plan amendment to guide this land as Business Campus, and rezoning to an appropriate industrial district. Approximately four acres, north of Northern Lights Blvd, will remain commercial. Utility Relocation To maximize development of the southern 10 acres, the existing Xcel Energy transmission line will need to be relocated. This would allow for a 120,000 to 140,000 SF building on the site. The northern property was originally envisioned for smaller retail pads with municipal sanitary sewer and water bisecting the site. To facilitate the proposed development, the north/south run will need to be relocated westerly from its current location.