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Economic Development Commission Meeting <br /> <br />September 22, 2014 <br /> <br />DEVELOPMENT UPDATES <br /> <br /> <br />Coventry (BelRae Senior Living) <br /> <br />Construction on the 99-unit, three story senior residential facility is well underway. They <br />are planned to be completed by March of 2015 although we understand some delays <br />have put them as much as a month behind schedule. You may have noticed a sign on <br />the site saying what the building is with a phone number; there are already some <br />reservations with deposits made. <br /> <br />Anna Place Subdivision <br /> <br />This is a five-lot major subdivision located at the southwest corner of Ardan Avenue and <br />Eastwood Road. The land will be subdivided from excess Abiding Savior Lutheran <br />Church parking lot and greenspace. Parking lot removals will be to be completed this <br />year, and the Church will reconstruct their parking lot either later this year or early next <br />year. The developer is “Kayak Builders”, and they are planning for new homes in the <br />$300,000 price range. (See attachment.) <br /> <br />BioLife Plasma Services <br /> <br />A longtime tenant in Building D of the “Mounds View Business Park North” on the north <br />side of County Road 10, BioLife for years has desired to expand the number of patients <br />served however a parking deficiency has prevented them from doing so. BioLife’s <br />parking problems have also caused trouble for other tenants in the same building. To <br />better serve their clients and grow their business, they will be constructing a new <br />building between the former Saturn dealership and Multi-Tech, on excess Multi-Tech <br />land. The new building will be about 17,000 square feet and the additional parking will <br />allow them to fully utilize the new space. There will be an excess parcel created with <br />the subdivision, so additional development fronting County Road H2 will be possible. <br />(See attachments.) <br /> <br />ProGuard Sports <br /> <br />ProGuard will be moving into the vacant space next to Allegiance Fitness, in Building “J” <br />of the “MoundsView Business Park South” located on the south side of County Road 10 <br />and Woodale Drive, in space formerly occupied by Medtronic. ProGuard bills itself as a <br />“leading manufacturer of sporting good accessories”. With the 11,400 square foot <br />ProGuard build-out, the building will be fully occupied. <br />