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11-17-2022 EDC
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11-17-2022 EDC
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11/21/2022 12:16:40 PM
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11/17/2022
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Reports of Staff <br />November 17, 2022 <br />Page 2 of 2 <br />about these lots, however the asking price is too high and they have backed out as well. This <br />project is on hold until the land owners agree to move forward. <br />F.Simon’s Building <br />The Simon’s property has been purchased by Sabry Shrara, the owner of Mounds View <br />dentistry. He initially, wanted to construct a new professional building consisting of a new <br />dental office and two additional suites to be leased to a future tenant with apartments on the <br />upper levels. However, he couldn’t get lending for that type of use, so he is changing the <br />product to all multi-family. He needs the Donnelley Stucco site in order to make the project <br />financially feasible. He is working with a developer who is trying to find land to build a new <br />building for Donnelley Stucco but there isn’t much available and the market is tough with <br />construction at an all-time high and rates going up. He has since, purchased the Subway strip <br />mall and he will move his current dental office to the barber shop location and also occupy the <br />vacant suite. <br />G.Kusina Restaurant <br />The Kusina Filipino Restaurant is now complete. They are open Thur-Sun business hours <br />for the time being until they can solve some staffing issues (can’t hire anyone willing to work <br />30+ hrs a week). <br />H.MV Square <br />Staff met with Paster Enterprises in September to seek their interest level in redeveloping the <br />Mounds View Square area. They see the potential need to redevelop the site. However, they <br />need time to brainstorm and will check-in 2023. The City as submitted a grant for $50,000 to <br />Ramsey County to help with redevelopment planning for this area. Does the EDA have any <br />additional ideas for this redevelopment that staff can pass along to the developer? <br />I.Ardan Park & Greenfield Park Redevelopment <br />Wetland delineation studies were completed this fall on both sites. Several developers are <br />showing interest for mainly townhomes that would be owner occupied. Developers will present <br />their interest level and concepts at the January 3, 2023 City Council worksession. <br />J.Other Upcoming Events/Reports <br />N/A <br />______________________________ <br />Brian Beeman <br />Assistant City Administrator <br />Attachment(s): None
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