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HomeMy WebLinkAbout4.b. Project Updates EXECUTIVE SUMMARY Port Authority Meeting Date: September 17, 2019 AGENDA ITEM: Project Updates AGENDA SECTION: Old Business PREPARED BY: Kim Lindquist, Deputy Director AGENDA NO. 4.b. ATTACHMENTS: Retail Strategies Update APPROVED BY: LJM RECOMMENDED ACTION: Information Item ISSUE For the last year there has been a “project updates” item on the agenda. The item contains updates from Retail Strategies along with information from City Staff. Any questions can be addressed during this section of the agenda. Local project updates are noted below with the Retail Strategies info attached. Mark on your calendars the following ribbon cuttings: Sport Clips at 15063 Canada Ave at 8:30 on October 8, 2019 Jersey Mike’s at 15065 Canada Ave at 4:30 on October 8, 2019 The Meeting Point at 14537 Dodd Blvd at 4pm on October 10, 2019 RETAIL Multi-tenant Retail: Interior space permits have been issued for Sport Clips and Jersey Mikes, along with the sign permits. CO’s are expected in the next couple of weeks. Warren’s property: Staff recently met with Warren and he will be applying for city planning approvals over the winter months. One of the existing apartments received a certificate of occupancy and has tenants. Merchants Bank site: Additional details are still being discussed regarding the site. Akron Ave: Staff met with the property owner and their new land broker. A concept with rec center and additional commercial will be created for marketing of the site. MGM retail space: Nothing new to report. Downtown: Status remains unchanged. 2 INDUSTRIAL UMore Industrial site. Verified with development partners that there continues to be interest in the site. There is no new information to share on the Opus site. Biscayne Business Park: The developer will be grading and plans to obtain one building permit for the southeastern building yet this year. Rosemount Business Park: No new information at this time. RECOMMENDATION Information Item only. We make retail happen. RETAIL RECRUITMENT UPDATES •National Convenience Store –In our continued conversations with them, we have showed them the site across from Dakota Technical College and they have turned it down for the time being. They don’t like the access as most of their access would be on Akron and not 145th. Our contact did tell us they are very much actively look along 145th as well as S. Robert Trail. We have sent them a site on 160th and S. Robert Trail. We will continue to work to find them the right location. •145th Street and Akron Ave. –We contacted Daniel Herbst, owner of the NE corner of 145th Street and Akron Ave, and asked if he’d be willing to parcel off his site or if he’d only sell it all together. He said he’d be open to anything and we reached out to Casey’s about this site. We will continue to see what we can do to help him here. He mentioned his initial plans were residential for this site. •Launch Properties –We have been back and forth with Scott Moe of Launch Properties to discuss development opportunities in Rosemount. We have scheduled a call for this week and will update as soon as we have more information. •Colliers –160th and S. Robert Trail –Our team has contacted Jeremy Grittner regarding the 21 acres he has listed on the NE corner of 160th and S. Robert Trail. After our most recent conversation we had with the interested C-store we believe this site could be a fit. •National Auto Parts User and National Tire Store–This group was hoping for more retail synergy as we mentioned. It is still on their radar; however, they need more information about what else is planned for this development. We continue to help them gather information as they need it. •Regional Coffee Shop –We have reached out to them again to see how the expansion is going in Minnesota. They have been working to find franchisee to purchase areas in the state. Last year they weren’t quite ready yet. They are checking now to see if they’ve had any interested in this region and will get back with us soon. ROSEMOUNT, MINNESOTA BETH MILLER PORTFOLIO DIRECTOR 205.314.0385 beth@retailstrategies.com August 2019