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BP Site - Blake RoadPlanning & Economic Development MEMORANDUM TO: Honorable Mayor and Hopkins City Council Members FROM: Kersten Elverum, r r of Planning & Development DATE: July 5, 2012 SUBJECT: Former BP Site — Blake Road As you know, Solomon Real Estate Group has acquired the note on the former BP site and is in the process of foreclosing on the property owner who is delinquent. They are currently in the redemption period of the foreclosure process which will run through August. The City is also working with Solomon to facilitate a transfer of ownership of MnDOT property to the north of the site. In order to keep to a tight construction schedule for the planned redevelopment of the sites, Solomon has asked for a chance to discuss the concept with the City Council and Zoning & Planning Commission. Attached are the plans for the site. Steve Johnson, Solomon Real Estate, will be at the July 10, 2012, work session to present the plans and hear feedback from the Council. V 1 1 I i I I I I I I I I I i I I I i I I i I I I I I i I I I I i I I I I I I I I I I ._J HwY -7 2.4 KSF 1.2 KSF 1.2 KSF 1.2 KSF i MECH . PATIO 1.2 KSF o F TOTAL i I 7.2 KS I Z 24 I CAMBRIDGE STREET HOPKINS RETAIL SITE PLAN OPTION C A.3 05/14/12 SOLOMON REAL ESTATE GROUP "Where Wisdom and Opportunity Meet" 0 20' 40' 80' mdal a r c h i t e c t s VIEW FROM HWY 7 05/1snz SOLOMON REAL ESTATE GROUP HOPKINS RETAIL HWY 7 & BLAKE ROAD NORTH "Where Wisdom and Opportunity Meet" HOPKINS, MINNESOTA ,jAmdal a r c h i t e c t s