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7803 Glenroy Road, Suite 200 | Bloomington, MN 55439 |952.288.2000 | Fax: 952.288.2001 | www.DoranCompanies.com <br />Project compliance with the requirements of the Preliminary Development Plan: <br />1. Overall maximum PUD density range: Maximum of 38 dwelling units per acre <br />2.General location of major streets and pedestrian ways: Please see attached Site Plan. <br />3.General location and extent of public and common and open space: Please see attached Site Plan. <br />4.General location of residential and nonresidential land uses with approximate type of intensities of <br />development: Please see attached Site Plan. Note that as a proposed Amendment to the existing PUD, all <br />existing uses are intended to remain the same within the context of this submittal except for the existing Wal- <br />Mart site being converted to multifamily uses. <br />5.Staging and time schedule of development: Applicant expects the project to proceed within the general timeline <br />outlined below: <br />•Site Entitled: Fall 2019 <br />•TIF/Financial Package Approved: Fall 2019 <br />•Wal-Mart Demo: Winter 2019 <br />•Construction Start: Winter/Spring 2019 <br />•Clubhouse (Leasing) for Phase 1 Open: Spring/Summer 2021 <br />•Phase 1 (appx. 230 units) Open: Summer 2021 <br />•Phase 2 (appx. 230 units) Open: Summer 2023 <br />Project compliance with St. Anthony’s current Comprehensive Plan and the drafted 2040 Comprehensive Plan: <br />The Silver Lake Village Multifamily development (“Project”) by Doran SLV, LLC (“Applicant”) meets the City <br />of St. Anthony’s standards in the following ways: <br />1.Planning for growth in a developed community. <br /> The Twin Cities region overall is experiencing a period of growth, especially in areas closest to the <br />region’s urban core. That growth is expected to continue through the year 2040. It is predicted that the <br />overall regional population in 2040 will be older, more racially diverse and more likely to live in smaller <br />households than the current population. The needs and preferences of an aging and diversifying population <br />are likely to translate to a need for more smaller housing units and multifamily development, and, if <br />trends endure, a continued preference for locating in areas closer to the urban center. Inner ring suburban <br />communities like St. Anthony can respond to this regional trend by identifying areas where infill <br />redevelopment is likely to occur. As a substantially built-out community, planning for an increase in <br />population and housing in St. Anthony necessitates looking for redevelopment opportunity areas <br />because little to no undeveloped land remains in the community. <br />2.Encourage expanded choices in housing location and types, and improved access to jobs and <br />opportunities.