07-24-1997 - Laserfiche WebLink

Home Browse Search

wroSiP.`.-' n5 ' w fF 9•+r!��'� . { + �JLl t ,) W -•`t '� Y. " r r s :_F _ .7. y .- wc • � r; t ihMii - f, ai_ SSP real estate - services Inc • June 9, 1997 Cathy Bennett City of Mounds View 2401 Highway 10 Mounds View, MN 55112 RE: Housing Mounds View, MN Dear Cathy: As we participated in the City's public hearing process regarding the Highway 10 corridor, it became clear to us that the Pleasantwood Apartments (now re-named Red Oak Apartments) was the City's most problematic multi-family property -- i.e. deferred maintenance, poor management and a high number of police calls. This is doubly problematic, as the property is prominently situated along Highway 10, the gateway to Mounds View. We thus began working on a proposal that would not only clean-up the deferred maintenance, but would transform this property into an asset that would speak to the quality Mounds View desires for its gateway -- the same quality we achieved in Silver Lake Pointe Apartments. 110 Concept Our project concept to achieve these goals is as follows: 1.) Totally renovate the project inside and out so it looks and feels brand new. 2.) Build 16 new townhomes on the adjacent 2 acres. 3.) Build a shared driveway and parking, so that both properties will be operated as one. 4.) Configure the site to maximize green space and provide a safe play area for kids. Benefits The benefits of this project to the City are as follows: 1.) Transform problem property into architecturally aesthetic buildings consistent with wants to portray the image Mounds View in its gateway. 2.) Provides high level of quality and rehabilitation not otherwise achievable. 3.) Provides additional tax base to the City. 4.) Design maximizes green space and provides safe play area for children. • 311 Fifth .Avenue North • Minneapolis. MN 55401 • 612-337-5144 • fax 612-336-4565