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Request for Proposals <br />2017 Downtown Redevelopment Project Page 2 of 7 <br />- - - - - - - - - - - - - - - - - - - - - - - - - - <br /> <br /> Parcel No. 75-405-0210; 75-405-0360; 75-405-0350; 75-405-0240; 75-405-0205; 75-405-0275. <br />The City of Elk River owns six parcels consisting of 0.92 acres of surface parking, and 0.47 <br />acres of Right-of-Way for a total of 1.39 acres. <br /> Parcel No. 75-405-0230; 75-405-0235. The City of Elk River HRA owns two parcels <br />consisting of 0.25 acres of surface parking. <br /> Parcel No. 75-405-0280. Elk River Municipal Utilities owns 0.08 acres of surface parking lot. <br /> Parcel No. 75-405-0220; 75-405-0215. First National Bank of Elk River owns 0.21 acres of <br />surface parking. <br /> Parcel No. 75-405-0230. Elk River Meat Market owns 0.09 acres consisting of 3,255 square <br />feet retail building built in 1900 currently in operation. <br />Downtown Elk River is surrounded by a vibrant, busy Main Street, mixed use, market rate residential <br />condos, affordable residential dwellings, and a robust retail and service district consisting of dining <br />establishments, boutiques, salons, financial services, and River’s Edge Commons City Park. <br />The Farmers Market operates on Thursdays from June-October on the HRA-owned surface parking <br />lot and is planned to relocate in 2018. Rivers Edge Park hosts free summer concerts on Thursdays <br />from mid-June through August and attracts approximately 1,200 - 2,000 visitors. <br />Adjacent to the proposed redevelopment project, Granite Shores Apartments was built in 2005 and <br />frequently boasts a waiting list. Rents range from $1,229 per month for a 1BR/1BA, 737 sf luxury <br />apartment to $1,849 per month for a 2BR/1.5BA 1,301 sf luxury apartment. <br />To the East of the proposed project is Jackson Place Apartments, a workforce housing development <br />built in 2007 with of 32 affordable units consisting of 16 one bedroom and 16 two bedroom units <br />located on the second and third floors. The property also features 12,855 sf of at-grade Office/Retail <br />space and 20,680 sf of underground parking. <br />Finally, the site will afford upper level units with commanding views of the Mississippi River as it <br />bends and flows south towards Anoka County. <br />These features, combined with the relatively large size of the site and its location in the urban core, <br />make this redevelopment project an excellent fit for a high-quality, high-density market rate, mixed use <br />residential development. <br />A response to this RFP will require significant time and a strong financial commitment. <br /> <br />Relevant City Plans <br />The city updated their Comprehensive Plan in 2014 and completed the Mississippi Connections plan <br />in 2010, focusing on the historic core of Elk River. These plans, along with the city’s zoning code, <br />support a variety of development goals for the area, including zero lot line setbacks and unique <br />parking requirements. <br /> <br />Project Overview <br />N:\\Departments\\Community Development\\Economic <br />Development\\HRA\\Administrative\\Agenda\\2017\\12.01.2017\\8.1 at1 2017 RFP For High Density-Mixed Use Residential <br />Downtown ER v3 (Final).docN:\\Departments\\Community Development\\Economic Development\\HRA\\1 HRA Case <br />Files\\Trunk Hwy 10 and Main Street Redevelopment\\2017 RFP For High Density-Mixed Use Residential Downtown ER <br />v3 (Cal Zack Mikaela and Jenny B Reviewed).doc <br />