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HomeMy WebLinkAbout8a. Project Updates EXECUTIVE SUMMARY Port Authority Meeting Date: February 21, 2023 AGENDA ITEM: Project Updates AGENDA SECTION: Old Business PREPARED BY: Eric Van Oss, Economic Development Coordinator AGENDA NO. 8A ATTACHMENTS: None. APPROVED BY: AK 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 Breweries/Tap Houses: OMNI Orchards: Omni had an official opening and ribbon cutting in January. Israelson properties: Rosewood Commons at Highway 3/42: The Planning Commission considered preliminary and final plat for Rosewood Commons 2nd Addition in December. This action would add 3 new commercial sites to the larger development. Council approved this action at the Jan 17th meeting. The memory care facility has broken ground and Luke Israelson plans to begin the approved multi-family housing this summer. 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. Staff is working with a housing developer on the Lennar owned western portion of the intersection. Life Time’s applications for a Preliminary Plat, Major PUD Amendment and Site Plan Review were approved by the Planning Commission in June and by the City Council on August 16th. 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 applications for the first several phases of development totaling more than 1,000 housing units. Additional phases are currently being finalized for application. Currently there are plans for 422 units of single-family homes and 811 units of townhome or multifamily. 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 underground storage tanks were removed in late 2022. The owner has contracted with an environmental consulting company, Carlson McCain, to conduct a Limited Site Investigation per requirements of the MPCA after their review of the initial excavation report. Once the LSI has been completed the MPCA will give direction on whether there will be additional remediation requirements to bring the site into permanent closure status. Carlson McCain will submit their LSI report to the MPCA for review within the next 4 weeks. The MPCA then reserves up to 180 days to review the file. The Home Depot/Project Osprey: A “board cutting” was held on February 15th and the facility is now operational. The extension of Boulder Avenue is taking place spring of 2023. FedEx/Scannell Project: Initial site work has begun on the 569,000 square foot FedEx facility. The exterior walls were recently completed and is progressing as planned. Frana: Grading and excavating work has begun on the site in the fall and work will continue through winter and spring 2023. McGough: A preliminary and final plat was approved by the Planning Commission in October and by the Council in November. They will apply for site plan review at a later date for a 300,000 square foot office and warehouse development. Nautical Bowls: A new fast casual restaurant is opening next to Aldi. Staff is working on a ribbon cutting for late February or early March. Hawkins Chemical: This facility is expanding operations in the heavy industrial area of Rosemount. 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. Of the 5 large greenfield sites that have been designated for multifamily, either though the Comprehensive Plan or Commercial Visioning, 4 have active projects moving forward leaving just the Emerald Isle site available. Commercial/Services: Staff met with 2 developers interested in retail or commercial projects, one of which was an experiential retail user. Restaurant: Staff met with one restaurant user. Industrial: Staff had 3 inquires or discussions regarding Business Park, UMore, Opus, and County Road 46/Hwy 3 sites. OTHER Downtown Façade Grant: 3 of the 4 applicants completed work in 2022 and received matching funding totaling $15,000. Rosemount Expo: The EXPO will be held on March 18th with a shortened time from 9:30 to 1:30. So far, there are 37 out of 52 booths filled for the event. The six Gold Sponsors are Keller Williams, the Hadley Advantage Team, Merchants Bank, Signature Home Services, Primal Oasis LLC, and Minnesota Energy Resources. The City has lined up outdoor activities for the EXPO including the Rosemount Fire Truck, two food trucks, and for the first time - the North 20 beer trailer! Inside, in addition to all the vendors that are signed up, there will also be Mandana Balloon Artistry, the MPLS Coffee Cart and Espresso Bar, an arts and crafts table for kids, and Girl’s Scouts selling cookies. The City will also be promoting a BINGO card game incentivize residents to visit as many booths as possible. Any BINGO winner will eligible to win a Yeti (16 oz) and a $50 gift card to one of the following local businesses: Ace Hardware, Home Depot, or Fleugel’s. The City will also be handing out free Rosemount SWAG including stress balls, chip clips, and others!