HomeMy WebLinkAbout4a. January Economic Development Report
City of Lakeville
Community Development
Memorandum
To: Economic Development Commission
Kati Bachmayer, Economic Development Manager
Tina Goodroad, Community Development Director
Justin Miller, City Administrator
January 27, 2026
Economic Development Report
This memo is intended to provide information on new and expanding businesses, proposed
development projects and economic development-related events.
• A ribbon cutting was held on December 4 at Ensemble Creative & Marketing’s new office
location at 18466 Kenyon Avenue, Suite 100.
• Lake Point Gymnastics opened in December at 21017 Heron Way, Suite 101.
• Dakota Waste Solutions received approval from the City Council on December 15 for its
preliminary plat application, zoning map amendment and planned unit development
ordinance. The proposed development will be a zero-waste food and yard waste
processing facility, to be located at the southeast corner of 215th Street West and Kaparia
Avenue.
• Building permits were recently issued to:
o Kenyon Green for the construction of a 49-unit apartment building to be located
at 18430 Kenyon Avenue.
o Wildwood Lakeville townhomes for the construction of two 12-unit multi-family
buildings and a clubhouse at/near 16124 and 16148 Kendale Drive.
• Lakeville Family Pet Clinic held a groundbreaking ceremony on December 16 to kick off
construction of its new two story, 9,030-square-foot animal clinic to be located at 7275
175th Street West.
• Chase Bank was issued a building permit in December for the construction of a 3,395-
square-foot office building at 20176 Idealic Avenue.
Building Permit Report
The City has issued building permits with a total valuation of $381,162,334 through December.
This compares to a total valuation of $257,783,859 for building permits issued through December
2024. That is a 47.9% increase from the previous year.
The City issued permits for 229 single-family homes through December with a total valuation of
$80,060,653. This compares to 285 single-family home permits through December 2024 with a
total valuation of $88,374,679.
The City has also issued 319 townhome permits with a total valuation of $80,980,812 through
December, compared to 149 townhome permits with a total valuation of $35,464,324 during the
same period in 2024.
The City issued 3 apartment permits (73 total units) with a total valuation of 13,379,703 through
December 2025, compared to 1 permit (89 total units) with a total valuation of $32,000,000 during
the same period in 2024.
Lakeville ranked #1 in Twin Cities residential building permits according to Housing First
Minnesota. Visit LakevilleMN.gov for more information on year-to-date building permit totals.
• Community Development staff featured Hearth & Home Technologies during the
December 15 City Council meeting as part of its Spotlight on Business program. The
business has operated in Lakeville since 1996 and added manufacturing in the industrial
park with The Outdoor GreatRoom Company and Stellar Heat & Glo. Watch the video
on Lakeville’s YouTube channel to learn more.
• Four Business Retention & Expansion visits occurred in January.
• Lakeville received recognition during the 2025 Dakota-Scott Workforce Development
Board Awards Celebration in December. Congratulations to MNGI Endoscopy of Lakeville
for receiving the Bob Killeen Award, which recognizes individuals or companies for their
innovative or quality practices; and Kati Bachmayer, City of Lakeville Economic
Development Manager, for receiving the Mark McAfee Friend of Workforce Development
Award, which is presented to an individual who has championed workforce issues at the
local, state or federal level.
• 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.