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HomeMy WebLinkAbout08-28-18 Directors report with attach (meeting cancelled) City of Lakeville Community & Economic Development Memorandum To: Economic Development Commission From: David L. Olson, Community and Economic Development Director Copy: Justin Miller, City Administrator Kati Bachmayer, Economic Development Specialist Date: August 24, 2018 Subject: August Director’s Report The following is the Director’s Report for August 2018. Building Permit Report The City has issued building permits with a total valuation of $154,014,262 through July. This compares to a total valuation of $163,652,230 for building permits issued through July of 2017. The City has issued commercial and industrial building permits with a total valuation of $21,921,500 through July. This compares to a total valuation of $20,111,000 for commercial and industrial permits through July of 2017. The City has issued permits for 284 single family homes through July with a total valuation of $89,220,000. This compares to 269 single family home permits issued through July of 2017 with a total valuation of $84,788,000. The City has also issued permits for 37 townhomes through July with a total valuation of $8,904,000. This compares to 51 townhome permits through July of 2017with a total valuation of $11,010,000. The City has issued the highest number of residential permits in the Twin Cities through June according to the Builders Association of the Twin Cities-Housing First Minnesota followed by, Woodbury, Plymouth, Otsego and Blaine. Development Update The following are updates on a number of active commercial and industrial projects: • Significant progress has been made on the new multi-tenant commercial building located at the intersection of Kenwood Trail and Kenrick Avenue near I-35. Exterior work is complete on this new 4-tenant commercial building. Identified tenants include Chipotle Mexican Grill (on the east side of the building), Bank of America Advanced Center and Mattress Firm. • Construction on Lakeside Flats is making significant progress on the former Jackson Landscape property near County Road 46 and I-35. This 120-unit, market-rate apartment building is opening winter 2018 and will include studio, 1-, 2- and 3-bedroom units, ranging in price from $1,150 up to $2,200. A building permit for Lee Lake Storage, an additional aspect of the planned development, is ready to be issued. • The 146-unit Edison at Avonlea apartments, adjacent to the Park & Ride on Cedar Avenue has been issued a certificate of occupancy tenants started moving in earlier this month. The market-rate apartments include amenities such as a fitness room, pool, fire pit, grilling areas and underground parking. Renters can choose from 1-, 2- and 3- bedroom units that range in price from $1,210 up to $2,020. • Compeer Financial has begun site work at 21088 Keswick Loop. This $4.7M project will include the construction of a 2-story office building and will consolidate Compeer staff from the current Apple Valley and Northfield locations into one Lakeville location. • The Advanced Oral Surgery at 19925 Idealic Avenue located off Dodd Blvd next to the Lakeville Area Chamber of Commerce has been framed and enclosed. This new, 3,400 square-foot medical office will be the new business home of Lakeville native, Dr. Jacob Yetzer. • Sherwin Williams has picked up an interior remodel permit for a new location in the north half of the Agape Mechanical building at 21486 Humboldt Ct. The company will use the space for warehousing and wholesale and retail sales. Construction started on this project in late June. • Site grading has commenced for the Bethlehem Lutheran Church valued at $3.2M and Kings Path Senior Housing (55 senior independent-living apartment units) valued at $8.8M. Both buildings will be located north of Lakeville North High School on Ipava Ave. • Site grading has also commenced for the Hampton Inn & Suites, to be located off Keokuk Ave and CSAH 70. The 117-room, 4-story hotel is valued at $7M. Recent Planning Commission and City Council Approved Projects • The City Council approved the creation of a Tax Increment Financing district for the Schneiderman’s Distribution Center project at the August 6 meeting. This new 130,000 square foot building will be located on a nine-acre site within Interstate South Logistics Park near CSAH 70 and Dodd Blvd. • The City Council approved the final plat of Beehive Homes at the August 20 meeting. Beehive is a 20-unit senior assisted living and memory care facility. The new 12,170 square foot building will be located at the southeast corner of Heritage Drive and Iberia Avenue, north of U.S. Bank. • The City Council also approved the final plat for Aldi at the August 20 meeting. The new 22,400 square foot grocery store building will be located south of Emagine Lakeville movie theater and southwest of Walmart near 207th Street and Keokuk Avenue. • The City Council approved an interim use permit for Motoprimo outdoor sales and display of motorcycles and ATVs in conjunction with a building expansion at 16640 Kenrick Avenue. The expansion plans include a two level (main floor and basement) 30,000 square foot addition onto the north side of the existing 27,000 square foot building. • The City Council approved the final draft of the Downtown Development Guide Update at the August 20 meeting. The EDC has been a part of the planning process since it began with HKGi in late 2017. The updated Guide has incorporated community and stakeholder feedback and provides a vision for Downtown’s future. • The City Council approved the preliminary plat for Scannell Properties’ plans for Interstate South Logistics Park, including two new buildings being constructed at the intersection of CSAH 70 and Dodd Blvd. Scannell has proposed a 157,820 square foot spec building in the northeast corner of the property and a 130,192 square foot building directly south of the spec building for Schneiderman’s Distribution Center. The final plat will be considered at an August 27 during a special City Council meeting (before the work session). A copy of the Open to Business report for January-June 2018 is included in the attachments. The organization has served 82 clients in Dakota County during those six months.