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Item #: 6A Meeting Date: May 19, 2017 Type of Business: EDC City of Mounds View Staff Report To: Economic Development Commission From: Brian Beeman, Business Development Coordinator Item Title/Subject: Reports of Staff A. Crossroad Pointe Redevelopment Project Staff continues to contact developers informing them of the possibilities at the Crossroad Pointe redevelopment site. Senior housing and workforce housing seem to be in demand right now and those are the types of developers that have shown interest in Crossroad Pointe as of late. On March 13 the EDA heard and considered the EDC’s recommendation to consider market rate apartments and senior housing on the site. The Council is generally supportive of the EDA’s recommendation agreeing to a senior housing product and some affordability. Since the last EDC meeting staff has met with four qualified developers. One developer is proposing a market rate mixed-use project, another is proposing an affordable independent senior living project, and the third would be a market rate senior project. The fourth developer is proposing a mixed-use development. Two developers will be presenting their projects at a City Council Workshop June 6 at 6:00 p.m. B. Business Retention & Expansion (BR&E) Visits Business Development Coordinator Beeman has cooperated with Greater MSP to compile a BR & E report of only the formal survey visits. The non-survey visits are not part of the database and therefore do not show up in the report. However, enough data was input into the database to generate some trends. The City of Mounds View/Greater MSP report is attached. A verbal report will be provided at the May 19 EDC meeting. C. Rice Creek Commons (TCAAP ) Development Update Construction continues on the new on & off ramp between the Rice Creek Commons site and I-35W. Major infrastructure is scheduled for substantial completion at the end of 2017. This includes the thumb road running north and south through the development. Alatus, the Master Developer, has indicated that a few single family housing starts may begin at the end of 2017 or beginning of 2018. Commissioners Huffman and McGuire provided an update on the site at the March 27 Council meeting. That presentation is attached.