Loading...
8.1. HRASR 04-02-2018Request for Action To Item Number Housing and Redevelopment Authority 8.1 Agenda Section Meeting Date Prepared by Work Session Aril 2, 2018 Amanda Othoudt, EDD Item Description Reviewed by Update on Downtown Redevelopment Cal Portner, City Administrator Reviewed by Informational Meeting Action Requested Discuss next steps in the downtown redevelopment project located at the intersection of Trunk Hwy 10 and Main Street in downtown Elk River. Background/Discussion An informational meeting was held for developers on March 23, 2018. Roughly 20 people attended the session with six developers or developer representatives. The meeting resulted in questions regarding the site layout, parking requirements, greenspace and site control. There was interest from the developers to redevelop the site. Staff is looking for direction and feedback from the HRA on the next steps in the process to include securing site control and distributing request for proposals. Feedback from this session will be provided to the Council at their meeting on April 16, 2018. Financial Impact N/A Attachments ■ Informational Meeting PowerPoint Presentation (March 23, 2018) The Elk River Vision A PehoMing community Pitb revolutionary and spirited resourcefulness, exceptional P,` 01 W E H E 8 6 T service, and community engagement that encourages and inspires prosperity INAMIRE1 of Elk River owntown Redevelopment Informational Session March 23, 2018 y Points to Cover Introductions Overview of Elk River ■ Glance at the Updated Housing Study ■ Current or Pending Housing Projects ■ Housing Options Downtown ■ Downtown Dynamics ■ Project Area ■ Site Control ■ City Goals/Requirements ■ City Provided Assistance Z'?th Ave NVJ Aniba �adlr Bethel Lu -,.Dale Dr s-Bl�d NV Own Like D, St Francis dMIM I M i mom I M I me" lim I =I= 10 1 Me EL22 Rth Avw NWw 229th AwR NEiA M 22 1,! Av- NF N L alk e R d East Bethel er z 2091h Avp (n z Big Lane A, S, Viking Blvd W.' Viking Blvd tv& Pet on ti cel Io Count,, Road ti's ■ .. ..... ja 11tAve NW 10' 95thstNE z G.ro' 5. town Blv4,,, W Broadway Ave 52 - eA Ld z z 2 cz m z o 4.-Ilr I < rj < 1F 1 c6nstance Blvd NE � Columb z ut: SiNE S i 1Ham Lake - AAlpine�5 r N'V%' Ramsey ' xo z Andwer A 4�7It 60th 9 t NE lbertvi or L -k. giv-� t4'1 c "'ror Laf, 0 jq.iv,� K% Suth 5 tNE BUO -_m L 4511 Bunker Hills S t 1`01 i chae 1 ak2 E% !-7 .'41 N N Dianiond Lake Rd Regional Lu Park z nokai Main S-tNW I @th St NF 125th Ave NE ;r Main St County 1c, 129th Ave N 4th St NE S Fa r k E 16-i Elm Creek Lino Lakes A a- z Park Reserve ' I ve, Coon apids \ Champlin z z Hanover I? Blaine Center eille 10911 Ave 1v Z" 1 (J 91h A Y u N E Coun�, Road I' 411111 Birch I Circle Pines S E 97th Ave N nIf Woodland TO d Ave N A, -01 > C, It z C -.r.- -'r .-III P.,th ,A.re N Brooklyn Pi.rk Polound, View Ardp n F_ F- Maple Grove H_!!,S Ta! s Army W C. U Downtown Elk River is located r0foWe D r N z -I Shoreview approximately 17 miles from the ooklyn 11 Vadnais 0 C, t' pxl z Heights ra 494/694 split in Maple Grove, N Otli New and is near the interchange for :Hope iti Rd Y -ed R Crystal Highways 169/10/101 PfYm Uth 36th A v E, N z 191 a7f Roseville L CL Park T Re ser.,e Pill, C. 5tb AveN k River I's - -r ----- -- - -- - - , - -- . -117 estimate) ■ Median Age: 35.7 ■ Median Household Income: $74,772 ■ Northstar Transit Station ■ 44 Parks Covering Nearly 1,300 Acres ■ Over 75 Miles of Paved Walkways and Hiking and Biking Trails Throughout the city. 0 ousing Study ted in December, 2015, with recent _ _iebruary 2018. Projects Demand for housing through 2025. Study Identifies Demand for approximately 864 new housing units. Strong demand for 172 additional market rate units. R� LIK RIVCf VCflCfell UL[UIJdFl1-y rtCrlidl rlUUSI11r, LV; -d LlUll3 Key: Market Rate Affordable 1. Granite Shores 14. The Depot at Elk River Station 2. � f 15. Jackson Place 3. Lion's Park w 4. Ridgewood Manor rasoa�d`M� 5. Tara Hills Estates 18. Elk Ridge Manor 6. Elk Park Estates 19. Coachman Ridge 7. Elk Ridge Estates 8. Balmoral Apartments Section 9_ Elk Crossings/School Street 20. Lanesboro Heights Toonhomes 10. River Garden Apartments 21. Auburn Place 11. Pineview Estates n.�aw«w ItiVA � � E 13. Oak Crest Apartments P R IU,Irt Aon 1py •� - � A0.'a gM gprnkraNMl,�C,01, * t�v .lam 4S • � 3c 51 rfN 1 {i aJ-� rea �Pek li BN frI NN }M SfifIW t fit; trWl�q, '31h i1NN Y it River t> 33(J 1dk11 ; is tall Q}Q1P PIiY` NO }rt, N N b 5 --- one"s�: h yrs 11 n lsSri M-� Ml'. a'Ltl f,Nr �� 91il SSM pi +lp en n 1, V:�M,r.�' Z $W5 NF "I �heIJ1r Maxfield Research & Consulting, LLC 60 + Units 40-59 Units 21-39 Units Less than 20 Units a MAXFIELD RESEARCH AND CONSULTING 26 Key: Market Rate Affordable 1. Granite Shores 14. The Depot at Elk River Station 2. Evans Meadows 15. Jackson Place 3. Lion's Park 16. Dove Tree Apartments 4. Ridgewood Manor 17. Dove Terrace Apartments 5. Tara Hills Estates 18. Elk Ridge Manor 6. Elk Park Estates 19. Coachman Ridge 7. Elk Ridge Estates 8. Balmoral Apartments Section 9_ Elk Crossings/School Street 20. Lanesboro Heights Toonhomes 10. River Garden Apartments 21. Auburn Place 11. Pineview Estates 12. Lake Orono Estates 13. Oak Crest Apartments 60 + Units 40-59 Units 21-39 Units Less than 20 Units a MAXFIELD RESEARCH AND CONSULTING 26 TABLE CR -1 SUMMARY OF HOUSING DEMAND CITY OF ELK RIVER February 2017 Type of Use General -Occupancy Rental Units - Market Rate 177 Rental Units - Affordable 93 Rental Units - Subsidized 34 For -Sale Units - Single-family 315 Fier -Sale Units - Multifamily 80 Tot of General Occupancy Supportable 694 1 4 Age -Restricted (Senior) Market Rate Adult Few Services (Active Adult) 14 22 Ownership 0 0 Rental 14 22 Congregate 93 67 Assisted Living 15 0 Memory Care 23 8 Total Market Rate Senior Supportable 145 97 Affordable%Subsidized Active Adult - Subsidized 32 32 Active Adult -Affordable 37 41 To f Alf vrd o ble Senior Supportable 69 73 Source: Maxfield Research & Consulting, LLC For -Sale Units - Multifamily For -Sale Units - Single-family Rental Units - Subsidized Rental Units- Affordable Rental Units - Market Rate Adult - ©saner Adult - Rental Congregate Assisted Ding Memory Care Affordable Subsidized General -Occupancy Demand by Type 2017 to 2025 0 50 100 15U 200 250 300 350 Units Senior Housing Demand by TV" 2017 & 2022 0 10 20 30 40 50 50 70 80 90 100 110 Units Current or Pending ousing Projects Hearth Development — 100 Unit Elk River Senior Housing Project located near Main and 169. ■ Guardian Angels — 126 Unit Assisted Living and 16 Memory Care Units in Otsego, MN. ■ Jackson Hills Residential Suites — 40 Unit Mixed Income Apartments. 8 Units Affordable, 32 Market Rate. ousing Options owntown ,-. Shores - Market Rate Built in 2008 — Condo Units Converted to Apartments in 2012 ■ 67 Total Units ■ Rents $1229 - $1849 ■ No Vacancy Jackson Place Apartments —Affordable/Subsidized ■ Built in 2007 ■ 32 Total Units ■ Rents $770 - $905 ■ No Vacancy owntown Dynamics surrounded by a vibrant, busy Main et rate residential condos, affordable residential dwellings. ■ A robust retail and service district consisting of dining establishments, boutiques, salons, new brewery, financial services ■ River's Edge Commons City Park hosts free summer concerts on Thursdays from mid-June through August and attracts approximately 1,200 - 2,000 visitors. ■ Commanding views of the Mississippi River! fill I+Lig I it; Pa f County F ni rg rou no PLI eCt Are I _lig Lr,nm Farb 11,..., L( Rive Q Redevelopment Site 30 L: 41ir' f~fNW, M,0 Otsego 'jv' z Q P. < rn C Z rn The redevelopment site is located S along Highway 10 in our downtown 90th St NE area, and the Northstar station iso 2 =r 87th St NE 2.5 miles from the site. z CD 85th St NE 0 U.2 0"P -Ii 169 1� 17 = 'L:, .4, , e. NVY' Northstar Static i Elk _ Riverf �'��� �� +rr�Y ± ¢ � ��. • •,r _ � � 'ate. a fu - 1.64- A6 FAN to io • 1704 r� tr I 4b 4b % ITS lk if roject Area cict purchased four contiguous parcels in �istrict office. The building is currently vacant and consists of 14,190 square feet of office. Total site is 1.19 acres and currently marketed for sale at $899,900. ■ The City of Elk River owns seven parcels consisting of 0.93 acres of surface parking, and 0.47 acres of Right -of -Way for a total of 1.4 acres. Project Area The City of Elk River HRA owns two parcels consisting of 0.25 acres of surface parking. ■ Elk River Municipal Utilities owns 0.08 acres of surface parking lot. ■ First National Bank of Elk River owns two parcels consisting of 0.21 acres of surface parking. ■ Elk River Meat Market owns 0.09 acres consisting of 3,255 square feet retail building built in 1900 currently in operation. te Control ,cquire properties for private sale. I lvjJv�c LU cll�cl 1111.V an assumable option agreement with existing property owners. ■ Option can then be assumed by the selected developer. El -~ River Legend C rty L"S Urban Serme Area ❑ Parcels (1-24-2017) Park Areas Potential Redevclo-, - -t Site NYdmft� wil*Wk- am WWWW*%*%*N — nti �w�r�l wrrw�Rwiawls r 1. ,.� �w .rrirt�.'..rlwfwar.tf, rr a w ..nw.IM. •..n.M..aror. www,—..a..� The entire site is zoned DD (Downtown Development) and permits the following: ■ Multi -Family ■ Business Offices ■ Retail Shops ■ Personal Service (nail, hair, etc.) ■ Residential Over Commercial ■ Dentists and Clinics ■ Sit-down Restaurants ■ Zero foot setbacks ■ Other sales/services j� 0 50 100ft 0 City Goals/ Requirements Replace existing parking within city owned parcels and provide parking for all new uses through a combination of surface, structured, and below ground parking. High Quality Public, Quasi -Public Greenspace pedestrian corridor connections behind existing commercial uses along the east side of project area connecting Hwy 10 to DT Parks. Work with existing businesses on possible relocation options, to include multiple phasing of the project to accommodate relocation if needed. z OBNTIST UNt) PARI�ItVOW LJ$ fC STREET 4 yo I i f , PARKING Ctf0 RAMP � m G JRaU A W/ 13 LCL 0 L WU ND PARI N(3 { dkR i # s - fir 14 r ; Vim itet+ e'` 4 ti } E w If f Figure 4.8 - Pi Pedestrian Corridor Perspective -�r n City Provided Assistance The city will consider gap financing tools, such as Tax Increment Financing as available. Any financing provided will be available for extraordinary development costs associated with redevelopment of the project site. Council. ext Steps )rmational session will be presented elopment Authority and the City ■ HRA/Council to decide whether to move forward with to obtaining site control and distributing an Request for Proposal. contact ent Director 763.635.1042 aothoudtkelkrivermn. gov ■ Zack Carlton Planning Manager 763.635.1035 zcarltonkelkrivermn. gov Questions? V) N 0 z Y Q d Q } aLLJ �J W w O a w m o w coria a. ov z f�' 1, /b�aGcf z�-z zo�g J dNi�!*II� 1 Z �� U �� / x�o7� x�I2ts U � FU x U a hal Q — jw DNrAkTVd WH £ siv�r x ua Mia Iti v O .74¢ a V!-II�I I I I I VTC 4' V ONIX o s o a U � �Z El f� aAd T19AAoz 9 N a z Z