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MEMORANDUM To: St. Anthony Village Planning Commission From: Stephen Grittman, City Planner Date: Planning Commission Meeting – August 17, 2021 NAC Project No. 323.01 – 21.07 Request: Request for a Preliminary Plan Planned Unit Development for a new Bank building, 76-unit multi-family housing, and land transfer Property Address: 2401 Lowry Avenue NE; 2654 Kenzie Terrance; 2534 Kenzie Terrace Property PID: 0702923230002; 0702923240020, 0702923240021; 0702923230015 PROJECT DESCRIPTION The Applicants are Interstate Development, with Bremer Bank, and co-applicant City of St. Anthony Village. The project involves applying a PUD zoning district over the 3 subject parcels, two of which are owned by Bremer Bank, and one which is owned by the City. Interstate proposes to construct a new bank facility for Bremer on the City’s “old bowling alley” site. Once that construction is completed, Bremer would relocate from its existing building to the new site. At that point, Interstate would undertake demolition of the old Bremer building and construct a new 76-unit multi-family structure on the property. As a part of the three-way transaction, the City would take control of the small triangle at 2534 Kenzie, currently vacant. The City has discussed, in concept, ideas relating to City entrance monumentation on that site. Future development opportunities are not clear. The project received concept review at a joint meeting of the Planning Commission and City Council earlier this year. Primary among the comments for this project were an interest in affordability for the multi-family project, as that has been a policy related to reuse of the City’s bowling alley property. Other objectives related to architecture and site planning at the Kenzie/Lowry/Stinson corner that create an entry statement to the community, and supporting retention of Bremer Bank as a commercial presence in the City. STAFF RECOMMENDATION Staff has reviewed the project for land use compliance with the intent and policies of the City’s Comprehensive Plan, and for zoning consistency with the C, Commercial and R-4, Multiple Family Residential Districts as baselines. In summary, the Comprehensive Plan promotes use of the subject properties that reflect the proposed uses of commercial and high density multiple family residential uses of up to 40 units per acre.