CR 10-029 Extension - Marketball and Main Site Plan O ITY OF
HopKINS
April 1, 2010 Council Report 10 -29
EXTENSION — MARKETPLACE AND MAIN SITE PLAN APPROVAL
Proposed Action.
Staff recommends the following motion: Move to extend the site plan approval for the 53-
unit building at the Marketplace & Main development for an additional 12 months.
Overview.
On March 6, 2006, the site plan for the construction of a condo, townhouse and retail
development on the former Hopkins Honda site between Sixth and Eighth Avenues was
approved. Site Plan approvals expire after a year without a request for an extension. The
first extension can be granted by the Planning Department, which was done in 2007. The
City Council granted a year extension in 2008 and 2009. The extension was for the condo
development only. Any further extensions must be approved by the City Council.
Primary Issues to Consider.
• What has changed since the approvals in 2006?
In 2006 The Cornerstone Group was approved to develop a 53 -unit condo residential
development on the former Hopkins Honda site. The Beard Group took over the
development in 2007. Since The Beard Group took over the development they have been
trying to sell units to reach the required number of pre -sales to obtain a loan to start
construction. The Beard Group has not been able to get the required pre -sales and is
proposing to construct apartments. The zoning ordinance does not distinguish between
ownership and rental for residential developments. Condos and apartments are permitted.
Supporting Documents.
• Analysis of Issues
• Council Report 06 -28
Nancy G. Anderson, AICP
Planne
Impact: $ N/A Budgeted: Y/N Source:
Related Documents (CIP, ERP, etc.):
Notes:
CR10 -29
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Alternatives.
1. Recommend approval of the site plan extension. By recommending approval of the site
plan extension, the applicant will be able to construct the condos as proposed.
2. Recommend denial of the site plan extension. By recommending denial of the Site Plan
extension, the applicant will not be able to construct the condos as proposed.
3. Continue for further information. If the City Council indicates that further information is
needed, the item should be continued.
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