2015.04.14 EDA Agenda Packet - Laserfiche WebLink

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REDVELOPMENT OPPORTUNITY LAND SALE OPTIONS ki �41�� `r Y 5►ag i��,S,c�s� �: PRIME DEVELOPMENT LAND DOWNTOWN HUGO Forest Boulevard (TH 61) on 4.3 acres Hugo, Minnesota 55038 PROPERTY • zoning: Central Business (C-1), allowing for commercial multiple uses. HIGHLIGHTS • A market study has been recently completed for the downtown area. • Located within a Tax Increment Financing (TIF) District. • Approved redevelopment plans for a restaurant use on a portion of the property. • Price of property can be reduced when development criteria is met. # • The property is owned by the City of Hugo.��r r, • Downtown Plan and Design Guidelines apply to development in this area. The property is located in the heart of the City of Hugo and offers a wide array of opportunities for any buyer. With over 650 feet of lakeshore frontage, this beautiful property is great for a mixed used development with a restaurant/entertainment use, as well as, commercial, boutique retail, office, and housing. This property could become the centerpiece for the downtown business district in the City of Hugo. A survey of the property is available upon request. City, of The property is within minutes of the newly redesigned freeway interchange at 135E (ADTV 86,900) and Ug0 County Rd 14/8 (ADTV 13,900). Highway 61 (ADTV 14,100) has been recently resurfaced and a turn lane has been constructed to access the property. The property is generally flat with very high visibility located on Highway 61. •� ty *� 1 t �'I� � # y • Approved redevelopment plans for a restaurant use on a portion of the property. • Price of property can be reduced when development criteria is met. # • The property is owned by the City of Hugo.��r r, • Downtown Plan and Design Guidelines apply to development in this area. The property is located in the heart of the City of Hugo and offers a wide array of opportunities for any buyer. With over 650 feet of lakeshore frontage, this beautiful property is great for a mixed used development with a restaurant/entertainment use, as well as, commercial, boutique retail, office, and housing. This property could become the centerpiece for the downtown business district in the City of Hugo. A survey of the property is available upon request. City, of The property is within minutes of the newly redesigned freeway interchange at 135E (ADTV 86,900) and Ug0 County Rd 14/8 (ADTV 13,900). Highway 61 (ADTV 14,100) has been recently resurfaced and a turn lane has been constructed to access the property. The property is generally flat with very high visibility located on Highway 61.