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11-20-2015
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11-20-2015
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3/27/2019 10:32:00 AM
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MV EDC
EDC Document Type
Council Packets
Date
11/20/2015
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Reports of Staff <br />November 20, 2015 <br />Page 3 of 4 <br /> <br />C. Rice Creek Commons (TCAAP) Development Update <br /> <br />Construction on the TCAAP site and County Road 10 & H is expected to start in the <br />spring of 2016 with final completion early 2017. Staff continues to notify area <br />businesses of the upcoming construction so they can plan for alternate truck routes. <br /> <br />D. Mounds View Project Updates <br /> <br />Biolife: Biolife held their ribbon cutting ceremony/grand opening October 13 at 10:00 <br />a.m. Several people were in attendance. It is a nice addition to the community. <br /> <br />Bel Rae Senior Residential Facility: Ebenezer, the management company, has stated <br />that the new facility is now over 50% filled with more rooms continually being reserved. <br />Apple Tree Dental: Apple Tree Dental is planning their second floor build out for the <br />Spring of 2016. They may be adding 10 or more new administrative staff and they are <br />currently working on a parking solution in cooperation with the Ramsey County Library <br />for the additional employees. In return for being allowed to park in the library parking lot, <br />Apple Tree Dental would be required to maintain a new spur trail connecting the city’s <br />existing trail to the library building. The trail is expected to be completed Spring 2016. <br />Pat’s Muffler: The old Pat’s Muffler site is now occupied by two owners who are leasing <br />the building as an auto repair shop. So far, business seems to be steady and they are <br />happy with the location. The business moved here from St. Paul. Owner, Rick Austin <br />has indicated that although the building is currently leased, he will entertain offers from <br />investors seeking to purchase the building with the agreement that they would keep the <br />existing tenants. <br />Snap Market: Snap Market has gone out of business. The current propert y owner is <br />seeking businesses who are interested in locating to the site. <br />HB Systems: HB Systems is a new company located next to Midwest Medical Supply in <br />the Coral Sea area. They provide computer and security support for medical, law firms, <br />and other similar companies. <br />Louisiana PoyBoy: This restaurant has been struggling since they moved to Mounds <br />View. They closed the business as of September 6, 2015 . The building is currently for <br />sale. <br />E. Snyder Building <br /> <br />Staff is in regular contact with the realtor offering ideas and leads. The main issue is the <br />price and lack of parking. The asking price has been reduced from $2.5 mill to <br />somewhere between $1 to $2 mill. The lease is over $14 p/sq. ft. Many businesses like
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