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9.1. SR 05-20-2019 ��i Eof 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. �P 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 i 4120 • �. IV=s �r._ 02 5-i3d-4101 'AIN S 71 62 0 x T5-751 P6 1 _ 75- 6 75 93-0105 7 T6-13 -.3306 105 ° 7593-411Q, SA 36 61 7 5�C►93�Q 11 F ,� h �" 11 Dine Holdings, . Eli -�-- 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 310.00 to O 'bp .35 3A '1, o S ODE 5 X529 � G N BRG s's°ocoF O V \\ s /\ a 7 as.s4 \ aV o/saz•Si�fi�. APPROXIMATE LOCATION CUL-DE-SAC BASED - OCNN PLOW LINE 0&c" o \� s co ��/ `�• � g ,� 20 10 �`-t- a o k ; o r � oc CO(i LEGEND 16\ � zD \\ s -- --------------- T� 587'55"46"E —1--- T196.12 RE HYDRANT \\ 0 WATER VALVE qDRAINAGE AND UTILITY EASEMENT PER PLAT O MANHOLE 0 . . . .CATCH BASIN 0 POWERPOLE *. LIGHT POLE g� o N . . . . IRON MONUMENT FOUND \ O IRON PIPE MONUMENT SET \\ +O EXISTING SPOT ELEVATION �\ Z CER TIFICATION: \ \ 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 1592 PACIFIC AVENUE, EAGAN, AN (651) 492-6725 60�N91 A9 N 990'610....IMtMO loco-cvc-oas-r 53WO1l NIML os�wzezzccEc�3u«aa \/ dnoa�uirov 213.LN3�3NJIS34 �\ 6I1 2160 yy MtMO 530 N o a o 26. 0 N ❑ ❑ II I II I I I III II o IIIhIIII I'I II I h I ®�� it q FID dllil IIII I u III � I III I IIS I I ��II, II IIIIII I�L III I I pl I II II I i,I IIII I II I IId VIII II IIq III � III IIIIIII I IIIIIIII I IIIIIIII IIIIIII I IIII III V I I I I(IIII IIIIII IIII I I — II p I Illlililll IIIIIIII I II III II IIIIIII II I I I I w VI II I l u 11 l I I III I IIII II I i II III IIII IIII � _ o I > ❑ I(IIII II I III I I 0 od,ado��Ma wdo�aozb�ovovo�MP�3wo�tiM7��3���ss6���IM�a6�oz���IM�a�� x .0 I o I - - - I I I - 351 O 13 - F F� L LJ ��61 F--- o,u 0 0 00 I I 00 I I .o-.£I .o Es 0,£ :P� B,bz — I 00 00 .ol F F-1� L-_- - 8-�61 - 100 I - e� of I 351 Q ❑0— o N "O's Pb Ild ol9Ma Wa oZ eOZ bIOLOLo-P',11011­11­1111 11\61-1 blOZ\�uime�pVn