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HomeMy WebLinkAbout4.a. Project Updates EXECUTIVE SUMMARY Port Authority Meeting Date: March 15, 2022 AGENDA ITEM: Project Updates AGENDA SECTION: Old Business PREPARED BY: Eric Van Oss, Economic Development Coordinator AGENDA NO. 4.a. ATTACHMENTS: None. APPROVED BY: LJM RECOMMENDED ACTION: Information Item. ISSUE Previous discussions with the City 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. Projects in Progress The Morrison: Phase II had a final inspection in early March and residents will begin moving in to the entire building. Now that the project is completed, Ron Clark will be submitting invoices for approved grant reimbursements through the County and DEED. Staff continues to work with Ron Clark on the tenant space for the commercial portion of the development. Breweries/Tap Houses: OMNI Orchards: OMNI has submitted plans for a building permit. Grading work will begin in the spring, while the pre-fab building will be delivered in early summer and assembled in July and August. Interior work will take place in early fall with an anticipated opening in October. OMNI is planning on having their mobile tap room at events in Rosemount this summer and would also like to have events on their site once the building shell is erected. Tap Society: No update at this time. Dave Schmitz/North 20 Brewing: Construction is progressing on schedule. Israelson properties: HWY 3/42: Plans have been submitted for the memory care and senior housing facility. Rosewood Crossing: A building permit was issued for the next 32-unit apartment building. Rec Center: Work on the public-private partnership Recreation Center continues, with now weekly meetings with the project team. The purchase agreement for approximately 13 acres of land and other relevant agreements should be considered by the City Council in the coming weeks, which would initiate the project in earnest. UMore Residential: Maplewood is working with individual developers on the different housing types across of the property. Grading and infrastructure work will begin in the next several weeks. Staff has received plans for conceptual plans for some of the first phase development. Super America/Speedway: The property was placed in receivership with Lighthouse Management. Their role is to find care for the liability, assets and property etc. Current plans for the site depend largely on whether the underground storage tanks will need to be removed. This determination will likely take until May. Once that is determined, staff will have a more complete picture for the site and what is feasible. The Home Depot/Project Osprey: Wall panels were placed at the end of February. Exterior utilities in progress. Scannell Project: Project is proceeding for final approvals of a proposed 500,000+ sf FedEx facility. Mr. Wish: A new business will be opening at 3420 150th St Suite 105. Plans are in for review of a bubble tea cafe. Las Tortillas: Las Tortillas is expanding into the adjacent retail space. They will add an additional 1,100 square feet to their existing foot print. CDA Property: Schafer Richardson signed a purchase agreement with the CDA on the Akron property. They will begin working with staff on a site plan submittal within the next few weeks. RFI and Inquires (February/March) Housing: Staff met with 3 developers interested in multifamily sites in Rosemount. The developers are at various stages in the site process, but all are focusing on the high-density sites near the Akron/42 intersection. Commercial/Services: Staff met with 4 developers interested in retail projects. Restaurant: Staff met with 1 restaurant user. Industrial: Staff had 4 inquires or discussions regarding Business Park, UMore, and County Road 46/Hwy 3 sites. In February members of the Port Authority and Planning Commission joined staff to pitch Rosemount as finalist for a new industrial facility. OTHER Expo: The Rosemount Home and Business Expo took place on March 5th. There were a total 52 vendors and around 515 attendees. There were also two food tucks and activities for children (Fluegel’s sponsored flower pot painting, caricature artist, & balloon artist) that resumed this year. Initial feedback has been largely positive. Staff has sent surveys to vendors regarding their experience and will share the results in aggregate at a later date. Downtown Façade Grant: Five businesses have fully executed grant agreements. As mentioned at the December meeting, getting bids from contractors are proving to be the biggest hurdle in moving forward with projects, so staff is trying to be flexible with the timeline on façade improvements as many will likely be completed in 2022. One project has been completed and has submitted paid invoices. Small Area Plan Hwy 3/46: The City is working with WSB to conduct a Small Area Plan (SAP) on the commercial guided properties adjacent to Highway 3 and North of County Road 46 to facilitate new business investment. Zoning Code Update RFP: Staff is working on an RFP for the previously discussed zoning code update. Staff is working on finalized a draft this month before putting the project out for bid. Once a consultant has been selected the entire project should take 3-4 months. The process staff envisions would include working closely with the Community Development Department through the update process, a joint session of the Council and Planning Commission, and then a public hearing on a draft ordinance. Outdoor Patio Extension: The Metropolitan Council recently extended the temporary patio provisions for restaurants due to Covid. The previous City resolution expired in 2021, so the Council will be asked to reinstate the resolution at the March 15th Council meeting.