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Summit Management is proposing 89-unit three-story high-end market rate apartment building together <br />with 31 attached indoor heated garages and 31 detached garages that will be situated between Victor Hugo <br />Boulevard and Rosemary Way alongside Festival Foods and Blue Heron Grill. The apartment mix will <br />have variety of studios, one, two- and three-bedroom units with screen porches, quality finishes, and <br />include numerous amenities such as free internet, electronic door access, an expansive community room, <br />exercise room, massage chair room, indoor car wash area, pet spa, electric car charging stations, office for <br />on-site staff, multiple camera security, mail and a package room and well spacious outdoor patio and grill <br />area. In addition, if the development is approved, Summit Management will donate approximately 7.2 <br />acres of parkland (1.8 acres buildable) and open space (5.4 acres) together and internal public walking trail <br />system to allow access between Rosemany Way and Victor Hugo Boulevard. Construction is targeted for <br />2025 but we are requesting a 2 year approval in event that the interest rate environment does not improve <br />as quickly as predicted. <br /> <br /> <br /> <br />Erin Lambert <br />Corporate Counsel <br />Summit Management, LLC <br /> <br />elambert@summitre.net <br /> <br />651.705.3310 <br /> <br />6770 Stillwater Blvd N, Suite 110, Stillwater, MN 55082 <br /> <br />summitre.net <br /> <br /> <br /> <br /> <br />