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Memo- August 22 Work Session . . . Economic Development MEMORANDUM TO: Honorable Mayor & City Council FROM:'fpim Kerrigan, Director Planning & Economic Development DA TE: August 16, 2000 SUBJECT: August 22 Work Session Continued discussion of potential future economic development sites is on the agenda for this meeting. Staff has prepared a map detailing various sites that have either been previously discussed for redevelopment or presently have projects under construction. . When this item was last on the agenda, discussion was completed through Site #4. . - . REDEVELOPMENT SITES 1. Retail block south of Mainstreet between Seventh and Eighth Avenues-- The two major property owners in this block are Koss Paints and Luther Properties (Suburban Feed and vacant lot). Staff has met with Jim Koss, who has stated he would be willing to consider a sale provided he can find an acceptable alternative location within the City. Zoning: B-3, General Business Comp Plan designation: Commercial 2. Northwest corner of Mainstreet and Fifth Avenue-- The Hopkins Park Plaza Apartments occupy the majority of this block. This will be a very costly block to assemble because of acquisition and relocation costs. Zoning: R-4, Medium High Density, Multiple Family & B-3, General Business Comp Plan designation: Commercial 3. Shady Oak Road-- The upgrading of Shady Oak Road will provide the opportunity to undertake a redevelopment effort in the area. It will probably make most sense to work jointly with the City of Minnetonka. . Zoning: B-3, General Business Comp Plan designation: Commercial 4. A conditional use permit has been granted for construction of a Walgreens and major improvements to the Hopkins House. There will still remain a vacant piece of property directly north of Fifth that is also owned by National Lodging. Zoning: (north of Fifth Street) R-4, Medium High Density, Multiple Family Comp Plan designation: High Density Residential 5. SuperValu North Annex Property Zoning: 1-2, General Industrial Comp Plan designation: Business Park 6. Alliant Tech--Staff has spoken with a developer who is supposedly completing negotiations on a purchase agreement for this property. The developer has stated that they are looking at both a reuse of the existing building and a possible redevelopment of the site. They are also talking to SuperValu about a joint project . Zoning: 1-2, General Industrial Comp Plan designation: Industrial Redevelopment Sites .- Page 2 . 7. North side of Excelsior Boulevard east of Highway 169--With the upgrading of Excelsior Boulevard, it is envisioned that there will be the opportunity to redevelop this area. Hoisington Koegler prepared a very basis concept plan on how this area might be redeveloped. Staff has scheduled a meeting with Mark Koegler to better define the specifics of how development in this area should occur. 7 . (along Excelsior Boulevard) B-3, General Business ._onmg: 1-1, Industrial Cornp Plan designation: Commercial/Industrial 8. South of Mainstreet between 1 ih and 13th Avenues South--A project on this site would require working with the American Legion and 81. Joseph's Church. Zoning: B-3, General Business Camp Plan designation: Commercial on Mainstreet; high density residential south of alley. . Jlm/O52400 . .-- V I CI'4 IIALI EXISTING REDEVELOPME M1NNETONKA THE elT' 8. N. .~"--Rr-v ..,7 '. .::'j HOPKINS, MI J I . . ~ENNEPIN ( I 1 SCAlE 800' 0 -.,- I : -10 -10 t I I 2 , I - - ... v CD ~ . ~ ~ ~ "1...~ U ;t \ i~ ~ '- "'~~ i';"-1 -....~u a. Ww~ f (PVrl 0 ern 's ......~ i.~- _ q lR. ~'-;'l'U I ~ ~ I S ! ] '-' SMETANA ."".:'.:".""'.:-:.i.;''j''... .1'r. MINNE:TONX'A II l~"'~~" """. nUW~AIIW -