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HomeMy WebLinkAbout4.a. Project Updates EXECUTIVE SUMMARY Port Authority Meeting Date: May 17, 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: 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. A ribbon cutting was held May 17th, 2022. Breweries/Tap Houses: OMNI Orchards: OMNI’s building permit has been approved. The Council granted a Minor Amendment to the PUD in May allowing for deviations from the patio fencing requirements. 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 – project is currently on hold. Dave Schmitz/North 20 Brewing: Construction is progressing on schedule and should opening at the end of May. Staff is working with the owner on a ribbon cutting date. Israelson properties: Rosewood Commons at HWY 3/42: Plans have been submitted for the memory care and senior housing facility along with approvals needed for additional multi-family housing planned for the site. Rosewood Crossing: A building permit was issued for the next 32-unit apartment building. Rec Center/Life Time: The purchase agreement for approximately 26 acres of land and other relevant agreements were approved by the City Council on April 5th, 2022. The City’s website has a page dedicated to this project for additional information. Staff has begun to meet with the developers interested in portions of the eastern portion of the intersection. Staff expects conceptual proposals to begin to filter in this summer. Additionally, the Council and Port will likely see requests for residential projects on the northern end of the site. Lennar is expected to bring proposals for the western portion to staff in the coming months. UMore Residential/Amber Fields: Maplewood Development is working with individual developers on the different housing types across the property. Grading and infrastructure work is underway. Staff has received application for the first phase of development consisting of 190 single family homes and 110 townhomes. Additional phases are currently being finalized for application. 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. The City will require underground storage tanks be removed. This makes selling the site in its current use unfeasible, so staff is working on finding funding opportunities to clean up the site in order to facilitate the development of a more desirable use. Staff is meeting with Lighthouse Management on May 13. The Home Depot/Project Osprey: Exterior utilities in progress. The extension of Boulder Circle is anticipated to begin in June. Scannell Project: Project is proceeding for final approvals of a proposed 500,000+ square feet FedEx facility. CDA Property: Schafer Richardson signed a purchase agreement with the CDA on the Akron property. Staff met with Schafer Richardson on May 6 to discuss submittal requirements and process. Sweet Harvest: A lease agreement is moving forward for the former Sweet Harvest building. The tenant will use the entire space in addition to making some further site improvements. Highway 3 and 46: Both sites on the eastern and western side of Highway 3 have prospective projects that are likely to submit plans this summer. 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 1 developer interested in retail projects. Restaurant: Staff met with no restaurant users this month. Industrial: Staff had 3 inquires or discussions regarding Business Park, UMore, and County Road 46/Hwy 3 sites. OTHER 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. One project is scheduled for completion at the end of June. Two projects are in various stages and One has withdrawn due to inability to come to an agreement with the landlord. Small Area Plan Hwy 3/46: WSB completed 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. The report recommended a land use change from commercial to business park. The Planning Commission held a public hearing on April 26th and recommended approval for the proposed change. There was not any public comment received. The Council will consider this proposal May 17th and then it will move though the Met Council Comp Plan Amendment process. Zoning Code Update RFP: Staff is working on an RFP for the previously discussed zoning code update. The Dakota County CDA Board recently approved the funding for this project utilizing Community Development Block Grant (CDBG) dollars. 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. Business Subsidy Policy: Staff is submitting on a final draft of this project, which will be considered at the June Council meeting.