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Home My WebLink About5a. March 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 March 24, 2026 Economic Development Report This memo is intended to provide information on new and expanding businesses, proposed development projects and economic development-related events. • Pickle in the Middle held a ribbon cutting ceremony on January 9 at 21300 Juniper Way, Suite 400. The business opened in late December and offers 15 pickleball courts available for play 24 hours a day, seven days a week. • GVT Tire & Auto has opened at two locations - 17567 Cedar Avenue (former Pep Boys) and 21155 Hamburg Avenue (former Airlake Automotive Repair). • Ivy Lane Boutique held a ribbon cutting on February 13. The women's boutique can be found at 17707 Kenwood Trail and offers clothing, home decor and accessories. • E + M Company recently opened in its new location at 20730 Holyoke Avenue, Suite 105. The women's boutique is located in downtown Lakeville and offers clothing and accessories. • Estoria Cooperative held a ribbon cutting ceremony on March 25 at 9905 165th Street West to celebrate the grand opening of Lakeville’s only senior cooperative. During the January 20 City Council meeting, Dakota County received approval for North Ryan Second Addition final plat application, which would allow for the construction of a recycling facility south of 215th Street, north of 217th Street and west of Jacquard Avenue. A development contract approval is required before work can begin. During the February 2 City Council meeting, Lakeville Soccer Club received approval for its conditional use permit application and plans for an indoor commercial recreation facility to be located at 21300 Juniper Way. The club is proposing to use approximately 21,000 square feet of the new 190,000-square-foot multi-tenant building for indoor turf fields, along with office and meeting space. A building permit was issued to LSC in February for its tenant build-out. During the March 16 City Council meeting the City Council approved: a professional services agreement for Hosington Koegler Group, Inc as a 2050 Comprehensive Plan consultant, the North Ryan Second Addition development contract to authorize (Dakota-Scott recycling center), Dodd Commons preliminary plat (new fire station), and Prime 35 preliminary plat (new proposed industrial development). • Midwest FlexSpace was issued a building permit in January for a 28-unit garage condo building at 7176 222nd Street West. • Rockwise Strategies was issued a building permit for a tenant improvement at 9202 202nd Street West, Suite 101. • Caliber Collision was issued a building permit in February for an interior build-out at 9583 217th Street West. • Grow Pediatrics was issued a building permit for a tenant finish at 5378 160th Street West. Construction continues on: • Lakeville Family Pet Clinic’s new two story, 9,030-square-foot animal clinic to be located at 7275 175th Street West. • Chase Bank’s 3,395-square-foot office building at 20176 Idealic Avenue. • Dakota Electric Association’s Energy Center, comprised of 215,000 square feet of office, warehouse, storage and maintenance facilities, to be located at 6919 225th Street West. The City has issued building permits with a total valuation of $52,279,122 through February. This compares to a total valuation of $27,660,423 for building permits issued through February 2025. The City issued permits for 43 single-family homes through February with a total valuation of $14,196,502. This compares to 44 single-family home permits through February 2025 with a total valuation of $16,051,733. The City has also issued 45 townhome permits with a total valuation of $12,339,979 through February, compared to 40 townhome permits with a total valuation of $9,730,274 during the same period in 2025. Three apartment permits for Wildwood Townhome development have been issued through February, totaling 35 units and valued at $5,472,728. 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. • Lakeville’s short-term rental ordinance received an update on February 17 when the City Council approved new language regulating short-term rentals. The newly adopted Title 9, Chapter 10 of city code is to ensure that the short-term rental of a permitted dwelling unit is conducted, operated, and maintained so as not to become a nuisance to the surrounding neighborhood, an influence that fosters blight and deterioration, or creates a disincentive to reinvest in the community. The ordinance includes restrictions on items such as number of guests, parking, outdoor use, noise, etc. Learn more at LakevilleMN.gov/ShortTermRentals. • The City of Lakeville is featured in the February 2026 issue of Business View Magazine. Mayor Hellier and city staff were interviewed for the feature that highlights Lakeville's growth, historic downtown, greenway trails and community parks, Airlake Industrial Park, as well as the wide variety of housing types Lakeville offers. Articles like this provide the City an opportunity to showcase our community to a nationwide audience, as well as encourage further commercial and industrial development. Read the article at BusinessViewMagazine.com. • The City of Lakeville sponsored the MN Real Estate Journal’s Land Development Summit on March 12 and Community Development staff hosted a booth at the event. • Number Business Retention & Expansion visits: February (1), March (2). Five visits are schedule in April. • The State of the City luncheon will take place on April 8 at Brianno’s Chart House. Join the Mayor, city staff and chamber staff as they share development updates, workforce updates, and fun facts from last year. • 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.