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A WSB & 4ssocmres, t.,�. Infrastructure . Engineering a Planning ■ Construction 701 Xenia Avenue South Suite 300 Minneapolis, MN 55416 Tel: 763-541-4800 Fax: 763 -541 -1700 CITY OF SAINT ANTHONY VILLAGE MEMORANDUM To: Honorable Mayor and Council Members Mark Casey, City Manager From: Kelsey Johnson, City Planner Date: July 30, 2013 WSB Project No. 02170 -000 Request: Request for an Informal Concept Review and Discussion of the Redevelopment of the Apache Medical Building Site Located at 4001 Stinson Boulevard BACKGROUND The property owner of the property located at 4001 Stinson Boulevard has requested a "concept review" with the City Council and City staff relating to the proposed mixed -use redevelopment project of the Apache Medical Building site into approximately 90 loft style apartments, including the potential for up to 7,500 square feet of medical office space on a 2.77 acre parcel of land. The proposal includes the construction of 45 new loft style apartments in one new building over an enclosed parking structure. In addition, the existing medical building could retain the option to consolidate certain medical tenants to first floor space, and convert the upper three floors to an additional 45 loft style units, for a total of 90 apartments total. The property owner has provided for your review the following documents: • Project Narrative dated July 26, 2013; • Preliminary Apartment Market Assessment dated July 24, 2013 prepared by Marquette Advisors Real Estate Consultants; • Traffic Review dated July 2, 2013 prepared by Spack Consulting; and • Proposed Concept Site Plan (Sheet Al. 1) and Exterior Elevations (Sheet A2.1) dated July 26, 2013 prepared by Paul Meyer Architects, Inc. CONSIDERATIONS RELATING TO THE PROPOSED REDEVELOPMENT In order to accommodate the proposed development of the 90 units with a commercial component, the formal recommendation by the Planning Commission and decision by the City Council would need to occur. At this time the following applications are anticipated (Note: additional applications may be needed depending on the final design and the formal submittal to the City): 1. Land Use Application for Comprehensive Plan Amendment to Re -Guide the Property from Commercial to Mixed -Use — Housing and Retail Business. Since the proposal does not meet the current land use guidance in the City's Comprehensive Plan 2008 an amendment to Chapter 2: Land Use Analysis and Plan and all other applicable Chapters of the Plan is needed. It should