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HomeMy WebLinkAbout09-19-2014Economic Development Commission Meeting September 22, 2014 DEVELOPMENT UPDATES Coventry (BelRae Senior Living) Construction on the 99-unit, three story senior residential facility is well underway. They are planned to be completed by March of 2015 although we understand some delays have put them as much as a month behind schedule. You may have noticed a sign on the site saying what the building is with a phone number; there are already some reservations with deposits made. Anna Place Subdivision This is a five-lot major subdivision located at the southwest corner of Ardan Avenue and Eastwood Road. The land will be subdivided from excess Abiding Savior Lutheran Church parking lot and greenspace. Parking lot removals will be to be completed this year, and the Church will reconstruct their parking lot either later this year or early next year. The developer is “Kayak Builders”, and they are planning for new homes in the $300,000 price range. (See attachment.) BioLife Plasma Services A longtime tenant in Building D of the “Mounds View Business Park North” on the north side of County Road 10, BioLife for years has desired to expand the number of patients served however a parking deficiency has prevented them from doing so. BioLife’s parking problems have also caused trouble for other tenants in the same building. To better serve their clients and grow their business, they will be constructing a new building between the former Saturn dealership and Multi-Tech, on excess Multi-Tech land. The new building will be about 17,000 square feet and the additional parking will allow them to fully utilize the new space. There will be an excess parcel created with the subdivision, so additional development fronting County Road H2 will be possible. (See attachments.) ProGuard Sports ProGuard will be moving into the vacant space next to Allegiance Fitness, in Building “J” of the “MoundsView Business Park South” located on the south side of County Road 10 and Woodale Drive, in space formerly occupied by Medtronic. ProGuard bills itself as a “leading manufacturer of sporting good accessories”. With the 11,400 square foot ProGuard build-out, the building will be fully occupied. Louisiana Po’ Boy The Commission may have noticed the renovations done to the former KFC on County Road 10 between Taco bell and McDonald’s. The owners are hoping for an October 1st opening, but it may be later than that. The restaurant owner has 2 of these restaurants in Louisiana. For those of you who may have no idea of what a po’ boy is, it’s a traditional submarine sandwich from Louisiana typically consisting of meat, usually roast beef, or fried seafood. The meat is served on baguette-like New Orleans French bread, known for its crisp crust and fluffy center. In other news… A magazine distributor is taking 22,800 square feet in Building F (the building on the north side of Multi-Tech) and then that building will be full too. There is not much vacant space in either of the two business parks. Longview Estates is a ten-lot residential subdivision south of County Road H2 between Silver Lake Road and Longview Drive. There’s been a contentious history with this seven-acre project, but the owner received approvals to move forward with the development and the extensive soils corrections and remediation are nearing completion. (The site has a significant wetland presence.) Red Oak Estates townhome development, located at the southwest corner of County Road H2 and Long Lake Road is seeing some renewed activity. Originally platted and approved in the early 1970s as a 72-unit development, after the first building of six-units was constructed, litigation halted further development. A court ruling a few years back allowed the project to move forward again so an additional 26 units were constructed. However at the same time the nation experienced the busting of the housing bubble and further construction ceased. The developer indicates that work may begin in the near future on the remaining 40 units.