7.1. PCSR 10-25-2022 - Laserfiche WebLink

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CAPSTONE H O M E S Bloomdahl Farm Concept — Project Narrative Capstone Homes is presenting for consideration, a plan to develop 215 acres of land into a mixed residential community consisting of detached single-family homes. The Bloomdahl Farm is located just West of County Road 1 (Elk Lake Rd NW), along the North side of Ranch Road NW. This property fully surrounds a 25+ acre city park and has beautiful natural features such as rolling bluffs, wetland complexes, and opportunities for great walkability through a trail network. Capstone is proposing to build single family homes using an estimate of 3 units per buildable acre. The City of Elk River adopted a Comprehensive Plan update in 2021. In the plan, the region of Northwest Elk River that the Capstone project lies in, is guided for a Traditional Single -Family Neighborhood. As guided by the Comp Plan, this type of neighborhood would consist of Single - Family detached homes, townhomes, and duplexes. Capstone has a diverse product mix that will meet this requirement and fill the moderately sized lots defined. Our intention is to proceed with planning and engineering of the development area once the City of Elk River approves a plan to provide water and sewer services to this region of the city. Details associated with this Neighborhood development plan will be shared for review by city staff, planning and council members as we begin the design process. As the city expands its urban services to this region, it will allow Capstone to complete what will likely be a 7-8 phase project, as market conditions allow. We look forward to working with the City of Elk River as we move forward, bringing attainable homes to the marketplace. Thank you Matt Barker Capstone Homes 14015 Sunfish Lake Blvd, Suite 400 Ramsey, MN 55303 Email: mbarker@capstonehomes-mn.com Phone: 612-219-8041 CAPSTONE HOMES, INC. 14015 SUNFISH LAKE BLVD, SUITE 400 1 RAMSEY, MN 55303 0: 763-427-3090 1 F: 763-712-9060