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06-17-16-R
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7/6/2016 11:37:27 AM
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Project Status Memo 2 <br />Meet the people behind the biggest <br />redevelopment project in Ramsey County <br />By Sarah Horner | shorner@pioneerpress.com <br />June 16, 2016 | UPDATED: 5 days ago <br /> <br />There is a dual vision for the members of the team charged with developing the biggest chunk of <br />empty land in Ramsey County. It’s a vision for the community and it’s a vision for their <br />companies. <br />They see a once heavily polluted 427-acre ammunition plant being transformed into a premiere <br />destination to live, work and play. They also see it as an “extraordinary opportunity” to leave a <br />mark on the area. <br />Recently selected as the master developer for the Rice Creek Commons site in Arden Hills — <br />formerly the Twin Cities Army Ammunition Plant — Alatus LLC is partnering with Inland <br />Development Partners and Tradition Development Corp. to build a neighborhood from scratch. <br />Alatus is expected to bring the multifamily rental housing component, Inland will tackle <br />commercial development and Tradition Development single-family home and townhouse <br />construction. <br />When fully built-out over the next 10 to 15 years, the development is expected to add some <br />3,000 residents to the St. Paul suburb, now with a 9,500 population. The plan is to create a <br />sustainable, walkable community full of housing, retail and good-paying jobs, built around a <br />network of parks, trails and a “town center.” The parcel is at the junction of Interstate 35W and <br />U.S.10. <br />“This is one of those sites that is very unique given its proximity to Minneapolis and St. Paul and <br />so for us as a team to be involved in something so transformative at this stage in our careers is an <br />extraordinary opportunity,” said Tom Shaver, one of the co-founders of Inland Development. <br />“(We) all want to be able to look back on this and be very proud of what we’ve done.” <br />MEET THE TEAM <br />One of the reasons so much is at stake for the companies, particularly Alatus, is that it beat out <br />two much more experienced local developers — Ryan Cos. and Opus Development Co. — for <br />the job. <br />The people involved in them have deep roots in local development.
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