HomeMy WebLinkAbout4. October Economic Development ReportCity of Lakeville
Community Development
Memorandum
To:Economic Development Commission
From:Kati Bachmayer, Economic Development Manager
Copy:Tina Goodroad, Community Development Director
Justin Miller, City Administrator
Date:October 22, 2024
Subject:Economic Development Report
This memo is intended to provide information on new and expanding businesses, proposed
development projects and economic development-related events.
Development Update
•During the October 3 Planning Commission meeting, preliminary plat and conditional
use permit applications were recommended for approval to the City Council for:
o Crown Lakeville Apartments proposes two multi-family apartment buildings
with 182 dwelling units to be located north of 210th Street West (County Road
70) and west of Keokuk Avenue.
o Lakeville 35 Logistics Center North Addition proposes construction of a 189,678-
square-foot industrial office/warehouse building to be located north of Juniper
Way/215th Street (County Road 70) and south of 210th Street West.
•During the October 7 meeting, the City Council approved:
o Ritter Meadows Second Addition final plat, which includes 55 attached
townhomes and 30 detached townhomes located west of I-35 and north of
205th Street.
o A resolution to accept a SAFER (Staffing for Adequate Fire and Emergency
Response) grant through the U.S. Department of Homeland Security for
$5,561,853.30 that will allow the City to hire an additional 15 full-time
firefighters.
o A resolution to adopt the proposed 2025-2029 Capital Improvement Plan and
Street Reconstruction Plan, which provides the framework for Lakeville’s
infrastructure improvements over the next five years.
o Cedar Hills North Comprehensive Plan and Zoning Map Amendments to
reguide the property to medium/high density residential and low density
residential. The project proposes the development single family and attached
townhomes north of 200th Street and between Cedar Avenue and the
Farmington city boundary.
•An application for a preliminary plat was recently submitted for Marketplace at Cedar
located at the southeast corner of 179th Street and Cedar. This preliminary plat
includes ten lots for a variety of commercial users.
Under Construction
•The RL Cold building is under construction at 21700 Galway Lane, near Sweet Harvest
Foods. The new 284,921-square-foot cold storage facility is anticipated to have up to
three users when fully occupied.
•Construction is underway on the 14,000-square-foot building for Midwest Ear, Nose &
Throat Specialists. The new medical office will be located at 11020 161st Street West,
near Bowlero.
Building Permit Report
The City of Lakeville recently switched its building permits processing to a new software
system (BS&A) and the Building Permits report is not available at this time. Data for September
and October will be shared in the November Economic Development Report (or at the EDC
meeting if it becomes available).
Additional Highlights
•The City held its annual Manufacturers Appreciation Reception on October 2 at the
Lakeville Area Arts Center. 70+ people RSVP’d to attend the event, along with our
featured workforce development speaker, Gerry Hoeffner. Mr. Hoeffner is the
President of Personnel Dynamics Consulting and is based out of the Tampa, Florida
area.
•Community Development staff partnered with the Lakeville Chamber of Commerce to
host a Made in Lakeville Teacher Tour on October 9. Twenty-five Lakeville teachers
participated to learn about Lakeville’s industrial park businesses and get an in-depth
look at HOBO, Inc. and Advanced Wireless Communications. It was the third year of
this Lakeville Works initiative.
•The Lakeville Logistics Center, located at 21601 Galway Lane was recently purchased
by Stag Industrial for $43.1 million cash, making it one of the most expensive deals
thus far in 2024. The warehouse is 360,000 square feet and is occupied by Sweet
Harvest Foods.
Development News Resources
•Lakeville’s Interactive Development Map includes information on development projects.
•Thrive! Business Newsletter is distributed monthly and includes development updates
and helpful business resources.
•City of Lakeville YouTube channel for Thrive! videos and other city news.