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Recent Development <br />Recent development in 2020 has consisted mainly of residential development: <br />Mulvaney Point Townhomes are nearly complete. The development includes four duplex <br />townhomes and will be rented as market rate units. <br />Infrastructure construction of Riverplace Second Addition, a 40 parcel single-family residential <br />subdivision on Lake Orono, was completed in 2020 and home construction has begun. <br />The sixth addition of Miske Meadows finished construction during the summer of 2020. The 45- <br />parcel subdivision was the latest addition to the City’s largest subdivision, which is nearing <br />completion of the 280+ approved preliminary plat. Most of the lots are under contract with national <br />builders. <br />The Seventh Addition of Miske Meadows will begin construction this spring. The subdivision <br />includes 44 single-family lots and finished homes are expected to sell for $350k to $450k. <br />Elk Ridge Estates, a 23-lot single-family subdivision, has been approved and will begin <br />construction this spring. <br />Prestigious Woodland Hills Fifth Addition has been platted and the 31-lot single-family subdivision <br />will begin construction this spring. <br />CommonBond Communities started construction of their 60-unit affordable housing project located <br />in the Elk Ridge Center retail development along Highway 169. <br />Tall Pines Second Addition will begin construction of their 28-unit detached townhome <br />development later this spring. Two model homes are currently under construction. <br />Commercial/Industrial development: <br />Copart of Connecticut constructed phase one of their damaged vehicle sale/auction operation in the <br />southeast corner of the City. Phase one is 20 acres and began with four employees. The second <br />phase, which has been approved by the City Council allows forfull buildout at nearly 45 acres and <br />14 full-time employees. <br />Shoot Steel began construction of a 20,000 SF light manufacturing facility on a vacant city-owned <br />lot in our business park. <br />Planet fitness completed their remodel of a 23,000 SF retail space to establish a new fitness facility <br />in the Elk Park Center retail development. <br />Aegir Brewing is remodeling an existing office building to facilitate an expansion of their <br />brewing/taproom operation. <br />Sportech, a leading manufacturer of cab components for utility task vehicles, has submitted an <br />application for a 91,000 sf expansion totheir existing facility which is expected to add 55 new jobs. <br />- 31 - <br />296 <br />