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Home My WebLink About4.a. Project Updates EXECUTIVE SUMMARY Port Authority Meeting Date: September 15, 2020 AGENDA ITEM: Project Update AGENDA SECTION: Old Business PREPARED BY: Eric Van Oss, Economic Development Coordinator AGENDA NO. 4.a. ATTACHMENTS: Business Journal Article, Cerron Flyer APPROVED BY: LJM RECOMMENDED ACTION: Information Item ISSUE Previous discussions with the Council and Port Authority indicated a desire for more information regarding completion of workplan activities. The following highlights some of the project and economic development activities since the last Port Authority meeting. COMMERCIAL The Morrison: Foundation work and utilities work continues at the Morrison. Carousel Way: The water tight buildout for the Lorenz Clinic is in process. Brewery: Staff has been notified that the lot split to accommodate the brewery project has been recorded. The Clover: There has been no new information for some time on this change. Israelson property: Mr. Israelson’s application was continued to the October Planning Commission meeting because staff is waiting on new elevations for the residential buildings. Staff has been told that the elevations will be available in time for staff review and to include in the Planning Commission packet. The application is a combination of residential and hotel; the memory care facility has been dropped from the application. Merchants Bank site: No new information at this time. Akron Ave: Staff has restarted work with partners regarding the indoor recreation center. MGM retail space: Top Ten Liquors has completed one framing inspection for the remodel and a mechanical permit was issued on September 8th. Top Ten Liquors expansion in the Twin Cities was recently featured in the Minneapolis Business Journal (attached). Hope Fieldhouse: Temporary Certificate of Occupancy was issued, and they are open for business. Mosaic Storage Building: The Phase one building is complete and the Phase two building foundation is in process. Car Condos: They are updating their timeline for permit application and construction post COVID-19. No new information at this time. UMore Residential: Staff is waiting for Maplewood Company to complete a revised concept plan. INDUSTRIAL UMore Industrial site: The potential user indicated their company is taking a pause in any site search. They indicated there are no issues with the site or the partners; it is primarily a business decision due to the current business climate. No new information. Biscayne Business Park/ Cerron Commercial Properties: The building is 90 percent complete although the Certificate of Occupancy was not issued as yet. Cerron’s commercial buildings and sites in Rosemount are attached. Rosemount Business Park: DEED requested an update from the project consultants regarding their plans to move forward on September 8th, but there is no new information. Opus Site: Staff completed an RFI in partnership with Greater MSP for an industrial user for the Opus site. Greater MSP will update staff later in September as to next steps. OTHER MREJ Commercial Summit: Staff will attend the Minneapolis Real Estate Journal’s Land Summit on September 16th. Commercial Visioning: Council members had one on one interviews with Perkins and Will regarding the 5 commercial greenfield sites. Next steps will include a joint meeting with the Port Authority and Planning Commission on Tuesday October 13th @ 6pm. 9/9/2020 Top Ten Liquors has new stores coming to Plymouth, Vadnais Heights and Rosemount - Minneapolis / St. Paul Business Journal https://www.bizjournals.com/twincities/news/2020/09/01/top-ten-liquors-planning-three-store-expansion.html?s=print 1/2 SUBMITTED BY TOP TEN LIQUORS The locally owned Top Ten Liquors store chain will grow to 12 locations with the opening of three new stores this fall in Vadnais Heights, Plymouth and Rosemount. From the Minneapolis / St. Paul Business Journal: https://www.bizjournals.com/twincities/news/2020/09/01/top-ten-liquors-planning-three-store- expansion.html Top Ten Liquors plans to open three new stores this fall Sep 1, 2020, 11:10am CDT It turns out the recent purchase of a former Vadnais Heights sports bar is just one piece of a larger expansion plan for Minneapolis-based Top Ten Liquors. Top Ten Liquors spokesperson Omar Torres said the company has new stores in the works for Rosemount and Plymouth in addition to Vadnais Heights, and the plan is to have all three open by the end of October. It will bring the total number of stores to 12 for the state’s largest locally owned liquor store chain, Torres said. In July, an LLC managed by Top Ten Liquor CEO Jonathan Halper paid $2 million to purchase Vadnais Heights’ former Mad Jack’s Sports Café. The restaurant closed March 17 due to the pandemic and was unable to reopen. In Rosemount, Top Ten Liquors will move into a former MGM Wine & Spirits store in the Celtic Crossing shopping center. The new Plymouth store is in the Rockford Road Plaza shopping center. FOR THE EXCLUSIVE USE OF KIM.LINDQUIST@CI.ROSEMOUNT.MN.US 9/9/2020 Top Ten Liquors has new stores coming to Plymouth, Vadnais Heights and Rosemount - Minneapolis / St. Paul Business Journal https://www.bizjournals.com/twincities/news/2020/09/01/top-ten-liquors-planning-three-store-expansion.html?s=print 2/2 “We look forward to serving new neighborhoods and offering more Minnesotans our signature customer service experience, unparalleled rewards program, and broad selection. In addition, we’re proud to be creating more than 50 jobs across these communities,” Halper said in a statement. Torres said the new stores will all be a similar size to Top Ten Liquors' existing locations, which range from about 7,400 square feet to 11,000 square feet. “That’s a space where we feel very comfortable,” he said, adding that it allows Top Ten Liquors to balance selection and competitive pricing. Torres described Rosemount as "a completely new market" for Top Ten Liquors, giving it access to customers in other southern suburbs, like Apple Valley and Lakeville. Five of the chain's nine stores are located in the north metro. Torres said the company’s growth spurt isn’t over yet. “We look forward to continuing to grow and open stores next year,” he said. Dylan Thomas Staff reporter Minneapolis / St. Paul Business Journal DISCLAIMER: The information contained herein is deemed reliable but is not guaranteed. We have not verified its accuracy nor do we make any warranty or representation about it. You and your tax and legal advisors should conduct your own investigation of the property and transaction. 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Contact the Appro team at office@approdevelopment.com or by phone at 952.469.2171 Hotel SiteC-StoreRetail (see GAP report)RestaurantZoned C3 COMMERCIAL LAND DEVELOPMENT SITE OFFICE / WAREHOUSE SPACE FOR LEASE COMMERCIAL LOTS AVAILABLE BISCAYNE BUSINESS PARK LOTS FOR SALE BUSINESS PARK LAND FOR SALE OFFICE / SHOWROOM / WAREHOUSE FOR LEASE COMMERCIAL CONSTRUCTION INDUSTRIAL LOT FOR SALE 1 3 5 7 4 6 2NEC CR-46 & Hwy 3, Rosemount, MN 2605 160th Street West, Rosemount, MN Rosewood Center, NEC Hwy 3 & CR-42, Rosemount, MN xxxx Biscayne Ave, Rosemount, MN Highway 3 and County Road 42, Rosemount, MN 2500 158th Circle, Rosemount, MN 156xx Canada Circle, Rosemount, MN PROPERTY LOCATION MAP CityAddress Property Type Lease/Sale Pricing Rosemount Rosemount Rosemount Rosemount Rosemount Rosemount Rosemount Commercial Land Industrial Office and Warehouse Business Park Land Commercial Lots Commercial Lots Office, Showroom, Tech, Shop, Warehouse Sale Sale Lease Sale Sale Sale Lease $3,485,000 $425,000 Ask Ask $416,680 + $5.00-$5.25/SF $2.00/SF—Yr. 1 $3.00/SF—Yr. 2+ NEC CR-46 & Hwy 3 156xx Canada Circle 2605 160th Street Highway 3 and County Road 42 NEC Hwy 3 and CR-42 xxxx Biscayne Ave 2500 158th Circle 952.469.9444 brucer@cerron.comwww.cerron.com CERRON Commercial Properties, LLC 21476 Grenada AvenueLakeville, MN 55044 1 2 3 4 5 6 7 4 1 72 3 6 5 CREATE PROPERTY SOLUTIONS FOR YOU!