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Home My WebLink About5a. February 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:February 25, 2025 Subject:Economic Development Report This memo is intended to provide information on new and expanding businesses, proposed development projects and economic development-related events. Business & Development Updates •During the February 3 meeting, the City Council recommended approval of a liquor license for Taqueria Los Compadres. The Mexican restaurant is located at 11276 210th St W, Suite 102, near the intersection of County Road 70 and Kenrick Avenue and has expanded into the former Baldy’s BBQ tenant space. •Crystal Lake Golf Club hosted an open house on February 19 to welcome guests to experience the new golf simulators with GSPRo Gameplay software. •During the February 18 meeting: o The City Council approved a resolution that orders preparation of an Alternative Urban Areawide Review for the OLAM Holdings Property, located on an area totaling approximately 152 acres and generally located south of 215th Street W (County Road 70), west of Jacquard Avenue and east of Kaparia Avenue. The AUAR will review two development scenarios. Scenario 1 includes eight industrial buildings for a total of 1,360,000 square feet of proposed industrial development. Scenario 2 includes seven office park and industrial buildings for a total of 1,360,000 square feet of proposed industrial development. o The City Council approved a preliminary plat application for Airlake DEA. The proposed plat includes two parcels of land totaling 115.57 acres, consisting of two outlots and the dedication of right-of-way for the future extension of 222nd Street West. The property is located east of Cedar Avenue (CSAH 23) and north of 22ndth Street West. Dakota Electric Association has committed to developing Outlot B of the proposed plat. o The City Council approved the North Creek of Lakeville conditional use permit application to expand the existing North Creek Manufactured Home Community. This new addition of 130 home sites will be located immediately south of the existing North Creek Manufactured Home community, north of the existing Country View Manufactured Home community, and west of Pilot Knob Road (CSAH 31). •During the February 20 meeting, the Planning Commission reviewed Airlake DEA 2nd Addition. This is Dakota Electric Association’s (DEA) preliminary plat application for one lot and one outlot. The proposed development on Lot 1 would include a 176,685- square-foot office/warehouse/storage building for DEA’s new headquarters location. The property is located east of Cedar Avenue, north of 225th Street West, and south of future 222nd Street West. Under Construction •The Farmer's Grandson Eatery is continuing construction on its future speakeasy located in the adjoining tenant space at 8333 210th Street West in the Amoco gas station. •The Salvation Army was issued a building permit in January to remodel the existing space at 17625 Kenrick Avenue for its future retail store. •Construction is underway on an 8,337-square-foot commercial office building located at 9057 203rd Street West to be called Kenwood Commons. The facility will include three office suites for lease. Only one 2,200-square-foot tenant space remains available as of February 2025. •Northland Collision’s 3,828-square-foot addition at 7430 160th Street West is nearing is anticipated to be complete by March 2025. •Construction continues on RL Cold’s 276,480-square-foot cold storage facility at 21700 Galway Lane. •Construction is progressing on Midwest Ear, Nose & Throat Specialists’ new 14,000- square-foot medical office building at 11020 161st Street West. •Construction is underway on Children’s Dental Care’s 2,571-square-foot addition to its existing building at 17677 Cedar Avenue. Building Permit Report The City has issued building permits with a total valuation of $17,520,230 through January 2025. This compares to a total valuation of $14,817,427 through January 2024. The City issued permits for 24 single-family homes with a total valuation of $8,250,689. This compares to 28 single-family home permits during the same period in 2024 with a total valuation of $7,915,000. The City has also issued 13 townhome permits with a total valuation of $3,413,193 in January, compared to 13 townhome permits with a total valuation of $3,177,000 in January 2024. According to Housing First Minnesota, Lakeville ranked #4 in Twin Cities total residential building permits in January 2025, behind Rosemount, Dayton and Shakopee. Additional Highlights Lakeville was featured on Twin Cities Live (TCL) television show on KSTP the week of January 20-24. Lakeville Community Development staff were happy to work with KSTP to help TCL highlight close to 20 local businesses, including 1890 Meats, Angry Inch Brewing, Babe's Hometown Bar, Barley + Vine, Board & Brush, Borrowed Blooms, Cookie Cruiser, Cream of the Cakes, Crystal Lake Golf Course, Dairy Delite, Dakota Curling Club, Flora Etc., Gary's Supper Club, Idioma Coffee Roastery, Lakeville Links, LBC on the Lake , Niche Books and Tapestry Coffee. Business segments were aired daily in the studio and during the live broadcast filmed at Babe’s Hometown Bar on January 24 from 3-4:30 p.m. Watch the archived videos on KSTP.com. 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.