9.1. SR 05-20-2019 ��i
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lk — - Request for Action
River
To Item Number
Mayor and City Council 9.1
Agenda Section Meeting Date Prepared by
Work Session May 20, 2019 Zack Carlton,Planning Manager
Item Description Reviewed by
Concept Review: Mulvaney Point Townhomes, Cal Portner, City Administrator
Acuity Group Reviewed by
Action Requested
Review the conceptual development and provide informal,non-binding, feedback for the applicant.
Background/Discussion
The applicant,Acuity Group,is proposing to develop a vacant lot
at the end of 183rd Circle NW with luxury 1-level townhomes. The
parcel is across the street from the Tall Pines development and
down the street from Elk River Senior Living and ABRA Auto
Body.
The property is currently guided for Business Park and has a land CR 33
use designation of mixed use. The residential project is similar to
the Tall Pines project and would be developed as a PUD.
Staff has concerns related to traffic and circulation for the proposal RR
as the only access would be on Line Avenue. Recent projects have
increased traffic at that intersection and without changes to the Hwy io
local road network the project may be premature at this time. The _ • CR iz
intersection of Line Ave and Main Street/CSAH 12 may be
impacted by the Highway 169 Redefine project,which has the
potential to impact local roadway connections in the area.
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Additionally,until the local road network has been evaluated for yw
impacts and modifications from the planned interchange, an
evaluation of the highest and best land uses for the remaining
vacant properties near the interchange cannot be completed.
Figura I
Financial Impact
None
Attachments
■ Location Map
■ Narrative and Sketch Plan
The Elk River Vision
A avelcoming community with revolutionary and spirited resourcefulness, exceptional P o w E e E o s r
service, and community engagement that encourages and inspires prosperity /` UR
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Concept Review Case filo: CR 19-02 I 'ver
AcUITY GROUP
REAL ESTATE PROFESSIONALS
564 Dodge Ave. Ste A,Elk River, MN 55330
763-633-3535 Phone 763-633-3533 Fax www.ACGProperty.com
April 24, 2019
Mulvaney Point Concept Review
Acuity Group has been a local real estate and property management brokerage in Elk
River since 2008. Along with our real estate sales, Acuity Group has established a large
presence in the rental property management arena including management of some homes
owned by ERMU.
Evidenced by the large number of new construction units on the market, there is an
obvious demand for 1 level townhomes. The market that is not being served is the luxury
1 level townhome rental market. For a various number of reasons, there is a large
demographic of people who would prefer to rent a luxury unit versus spending between
$280k-$375k to purchase.
These reasons include:
• Fixed monthly expense with no maintenance surprises
• Not wanting a mortgage and wanting to maintain savings reserves
• Flexibility to move without being stuck selling during a down market
• No selling expenses
From a planning standpoint this may be a distinction without a difference but there is an
obvious demand for this style and structure of housing. Tall Pines is the 26 unit detached
townhome development and is located directly across the street from the subject property.
This project falls within the theme that has been set forth in the area but provides
residents and alternative to buying.
On a side note, Tall Pine Holdings, LLC is in no way shape or form involved with the
development across the street named Tall Pines. That is merely a bizarre coincidence.
Dustin Heggem
Acuity Group
Broker/Owner
CERTIFICATE OF SURVEY FOR: DUSTIN HEGGEM
183RD CIRCLE, ELK RIVER, SHERBURNE COUNTY, MINNESOTA
or
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I HEREBY CERTIFY THAT THIS SURVEY WAS PREPARED BY ME OR UNDER MY DIRECT
SUPERVISION AND THAT I AM A DULY LICENSED LAND SURVEYOR UNDER THE LAWS OF
THE STATE OF MINNESOTA.
SIGNED THE 18TH OF FEBRUARY, 2019.
DENNIS M. HONSA 50 0 50
MINNESOTA LICENSE No. 22440
FOR: HONSA SURVEYING, LLC SCALE: 1" = 50'
ALTERATIONS TO THIS DRAWING ARE PROHIBITED HONSA SURVEYING
WITHOUT THE EXPRESS WRITTEN PERMISSION OF
HOONSA SURVEYING COPYRIGHT 2019, HONSA
SURVEYING, LLC
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