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HomeMy WebLinkAboutItem 06 Director's Report 6.25.19 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: June 25, 2019 Subject: June Director’s Report The following is the Director’s Report for June 2019. Building Permit Report The City has issued building permits with a total valuation of $124,771,834 through May. This compares to a total valuation of $92,421,951 for building permits issued through May of 2018. The City issued commercial and industrial permits with a total valuation of $14,701,000 through May compared to permits with a total valuation of $7,156,500 during the same period in 2018. The City has issued 200 single family home permits through May with a total valuation of $62,239,000. This compares to the exact same number of 200 single family home permits with a total valuation of $62,662,000 during the same period in 2018. The City has also issued 36 townhome permits through May compared to 24 during the same period in 2018. The City of Lakeville has issued the highest number of residential permits in the Twin Cities through May followed by Woodbury, Plymouth, Blaine, and Otsego. Development Update The following are updates on a number of active commercial and industrial projects: • The City of Lakeville launched a new interactive Development Map on its website in May (lakevillemn.gov/developmentmap). This map allows residents to view recently completed, approved commercial/industrial, proposed commercial/industrial, residential and institutional development projects and provides links to Planning Commission or City Council reports. Be sure to click on all the tabs to see what’s happening in the City! • Schneiderman’s Distribution Center has completed its exterior work and now matches the color scheme of its furniture store on I-35. • Several ribbon cuttings were held in June including Wings Financial Credit Union, Waffle Bar, Mi5 Fitness (new location), and B-52 Burgers and Brew. Upcoming celebrations include a ground breaking for QA1 on June 26 and a ribbon-cutting for Compeer Financial on July 9. • Construction continues on Hampton Inn & Suites (near I-35 and CSAH 70, south of Allina Clinic), Hy-Vee Fast & Fresh Convenience Store (corner of Cedar Avenue and Glacier Way) and the new ALDI building (south of Emagine Lakeville Theatre). • A building permit has been issued for the new 28,000-square-foot Park Nicollet Clinic building, located at 18484 Kachina Court, off of 185th Street. Progress is also being made on multi-family developments including Spero Senior Housing (55 market-rate senior independent units, located near Lakeville North High School at the intersection of Dodd Blvd and Indiana Ave) and BeeHive Senior Homes (20 assisted-living and memory care units, near U.S. Bank on CSAH 50). Additional Highlights • During the June 3 meeting, the City Council approved amendments relating to exterior building materials, specifically “thin brick” wall panels in buildings in commercial and office park districts. During the June 17 meeting the Council approved the final plat for Spirit of Brandtjen Farm 21st Addition that contains 43 attached townhome lots and 52 detached townhome lots. • A public hearing was held during the June 20 Planning Commission meeting on TimberCrest of Lakeville 8th Addition (Panera Bread) preliminary and final plat application and PUD development stage plans (2 commercial lots). The new Panera would be built near Target (north of 185th Street, east of I-35, and west of Kenrick Avenue).