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HRSR INFORMATION 12-06-2004
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HRSR INFORMATION 12-06-2004
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12/6/2004
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REJournals.com- Ramsey retail gets green light Page 1 of 2 <br /> MATICN <br /> RE)oarnals 5 con/ <br /> MINNESOTA <br /> REAL ESTATE JOURNAL <br /> Wednesday November 24 2004 <br /> Ramsey retail gets green light <br /> Staff Writer REiournal .com <br /> Ramsey Town Center's first retail phase recently received a green light from the <br /> city of Ramsey. The developer Ramdance plans to break ground on the 100,000 <br /> square foot grocery-anchored project in spring 2005 with delivery scheduled for late <br /> fall 2005. <br /> The project will be anchored by a 62,000 square foot Coburn's grocery store that <br /> will be expandable to 70,000 square feet. The grocery will feature an integrated <br /> pharmacy and liquor store and also will offer dry-cleaning services. The balance of <br /> the phase one includes an 8,000 square foot fast casual building as well as some <br /> additional retail space. <br /> • Greg Hayes, director of real estate for Shingobee Builders Inc., says that about half <br /> of the 30,000 square feet of remaining retail has been spoken for through letters of <br /> intent. <br /> Shingobee is the general contractor, RSP is the project architect and URS is the <br /> project engineer. The retail space is being marketed by CB Richard Ellis' Andrew <br /> McConville and Gregg Erickson. <br /> Ramsey Town Center is a mixed-use project being developed by Ramsey Town <br /> Center LLC on a 322-acre site along Highway 10 in Ramsey. The plan calls for <br /> more than 2,000 housing units, 400,000 square feet of neighborhood-oriented shops <br /> and an office component that's expected to include a mix of medical, research and <br /> development and financial users. <br /> The three remaining retail phases total 300,000 square feet and will be built out <br /> over the next three to five years. <br /> Elness Swenson Graham Architects Inc. and Close Landscape Architecture are the <br /> master plan architects and architectural designers of Ramsey Town Center. <br /> http://www.mrej.com/story.cfm?Market=MN&StoryID=13064 11/24/2004 <br />
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