HomeMy WebLinkAbout4.a. Project Update
EXECUTIVE SUMMARY
Port Authority Meeting Date: October 15, 2019
AGENDA SECTION:
AGENDA ITEM: Project Update
Old Business
PREPARED BY: Eric Van Oss, Economic Development
Coordinator, Kim Lindquist, Deputy AGENDA NO. 4.a.
Director
ATTACHMENTS: None 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, and staff will share the Retail Strategies
update when it is received (likely at the meeting).
Scheduled Business Visits are listed below. At this time staff is attending but welcomes a Port member if
available:
Sweet Harvest October 22 @ 9:00am
Frana Companies October 22 @ 10:15am
Udder Tech (TBD after Oct 16)
Open House for the Dakota County CDA’s Prestwick Place townhome project is set for the afternoon of
October 29. Finalized timing will be provided when determined.
RETAIL
Multi-tenant Retail: Ribbon cuttings were held for Sport Clips and Jersey Mikes and they are open. New
plans have been submitted for Noodles.
Warren’s property: Nothing to report
Merchants Bank site: Still working on details of purchase.
Akron Ave: Staff met with the property owner and their new land broker. Discussions are ongoing
regarding the City’s potential acquisition of land for the Indoor Rec Center project.
MGM retail space: Broker indicated a larger user was looking for space in Dakota County with a decision
to be made soon.
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: Building plans have been submitted for the first building.
Rosemount Business Park: No new information at this time.
RECOMMENDATION
Information Item only.
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