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.
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. 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.
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