|
http://twincities.bcentral.com
<br /> REAL ESTATE Up to $10M project will include restaurants, retail, hotel
<br /> )41,4r—ti
<br /> Kellison to develo
<br /> ,,„ ,.. .,..,,...
<br /> ,.T., ,.,
<br /> a •
<br /> . . ,
<br /> . .. .,.., .
<br /> ..:,:„:„,,..„ „:„.. ._ :
<br /> Wyoming
<br /> )ing _
<br /> rY
<br /> ur
<br /> as e . ,_50 ., By Sam Black J11' EA O TA11~
<br /> its Staff reporter i, 0 C e is
<br /> d ,
<br /> ,, The northern suburb of Wyoming will ''1 �,
<br /> soon get a town center that city officials ,.# ! , l ' ' " i i
<br /> 1' fir F n# ii 1° hope will persuade some of the 3,500 resi- [4:0p,,kBlvd",E `
<br /> .r of dents they don't need to commute to Forest F '''''''.•••-'-'••-•---1•` k R
<br /> Lake for haircuts and banking services. t,,` 35 i Development i
<br /> ` �" site now holds r
<br /> • Wyoming officials Monday night gave k
<br /> ER: .*. exclusive development rights for a town cen- w r t st tank farms`' -
<br /> i n
<br /> i f K '
<br /> :, ter to Oakdale-based Kellison Co.
<br /> The first phase of the project is slated forrtrr,
<br /> !ranges 11 to 12 acres now used by two commercial € etik j
<br /> duced silt.:,..;.
<br /> fuel tank farms, on the north side of Viking , 6111,:rigi
<br /> I
<br /> F ,66�. t W Boulevard across from City Hall.Kellison is fi i�,, i 5W currently assembling the land. r ! ' :, .2
<br /> The $7 million to $10 million develop-
<br /> •-'%.•,4,..,:.•;t:.-4.!0,.:,,,,,!..:.4.....,,,,•.•••.• �. Fment would include three restaurants and Dennis Coryell, city administrator of
<br /> Specializing in Corporate about 30,000 square feet of retail space. It Wyoming.A recent survey"discovered that
<br /> • Gifts &Awards will also include a 45-room hotel and 77 percent of our people are commuting to
<br /> VIKING 15,000 to 20,000 square feet of office other places to spend their money,"he said.
<br /> byspace, said Jonathan Distad,, director of The idea for the downtown project start-
<br /> business development for Kellison. ed earlier this year as a way for the town to
<br /> Construction is expected to start in the diversify its tax base and ease the burden on
<br /> C" '1 s today spring and finish in late 2003. residential homeowners, Coryell said. The
<br /> A second 12-acre phase of the project is city envisions something like the Arbor
<br /> www.vikingtrophies.com planned just south of Viking Boulevard, the Lakes development in Maple Grove,he said.
<br /> 'RATED town's main east and west thoroughfare.The "We're trying to avoid having a sea of
<br /> second phase would likely include more vinyl and a sea of parked cars,"he said.The
<br /> retail space and some market-rate senior area adjoins a bike trail and a nearby river,yet
<br /> housing,Distad said. it's only a few blocks east of Interstate 35.
<br /> Best Resource for Although design standards are still being "Without the tank farms it could be a
<br /> solidified,Distad said it's clear that the city really nice site,"he said.
<br /> deoconferencing doesn't want a bunch of big-box retailers, The city is prepared to assist the develop-
<br /> like Home Depot or Best Buy,downtown. er any way it can,Coryell said.If necessary,
<br /> h:v, "They are a small town. They want to the city may assist in land acquisition by
<br /> , k maintain that small-town feel,and part of that beginning eminent domain proceedings, he
<br /> Y7' N., f"='' is having a revitalized downtown that's very said. The city has also discussed using tax
<br /> pedestrian focused—similar to a downtown increment financing (TIF) and even some
<br /> Hopkins, or to downtown Wayzata but with- kind of direct tax abatement to assist
<br /> i out the high-end shops" Kellison Co.,Coryell said.
<br /> " . * `4 AP� Kellison Co. is a 10-year-old construc- TIF financing assistance probably won't
<br /> r ��
<br /> '6 '74. ' tion and development firm owned byJim be enough to make this project work because
<br /> „ � �.� • P g P j
<br /> 4 Kellison. Past projects include office,retail of the property tax changes the"Legislature
<br /> '' '' til: and industrial buildings; its biggest is the passed last session,Coryell said.
<br /> ;� ,,h recently developed 200,000-square-foot "The city will do whatever it can to get _
<br /> Crossroads at Oakdale office/warehouse something of a real high-quality develop-
<br /> development. menta" ■
<br /> g ` 'cost savings, convenience "We don't have a downtown now," said Sam Black can be reached at(612)288-2103
<br /> 1 eaferencing Technology or sblackC�3bizjournals.com.
<br /> Meals including lunch,dinner,morning
<br /> and-afternoon snacks will be provided by Instant access to Over
<br /> our on-site catering staff for your group. :7777.77;71,17;4-, -
<br /> Conveniently located on the St.Paul campus i63:14 .7-°,7-1- ''' 2,000 Minnesota technology
<br /> of the University of Minnesota,minutes from 01:4,, . ,,-,;,_„ . 11AA
<br />
|