Laserfiche WebLink
Lux: Over the next six months we (also will) finalize the development contract and the purchase <br /> agreement(on the land). <br /> Speaking of that,will Alatus be buying the land on its own or is the team buying it? Will it <br /> be purchased in phases or all at once? <br /> Lux: Alatus (will purchase it). I am pretty sure it will be done in phases. <br /> Let's assume everything goes smoothly with negotiations on the contract language and <br /> purchase price,when might residents actually start to see dirt flying on the site? <br /> Lux: I think we would start to implement the development in late 2017 or early 2018. <br /> Shaver: There is a lot of dirt flying already actually. There has been a lot of pre-development <br /> work that has taken place for bridge infrastructure, additional road infrastructure, environmental <br /> cleanup.The foresight the city and the county had to do that in anticipation of bringing on a <br /> master developer speaks volumes to their ability to work together. That's one of the great things <br /> we are benefiting from and now it's our job to bring our expertise and leverage to that work <br /> going forward. <br /> One of the county's goals is for this development to create about 4,000 high-wage jobs on <br /> the site. It also wants to see 50 percent of the developable acres occupied by office, <br /> manufacturing and retail. Do those goals seem realistic? <br /> Shaver: They are certainly attainable. <br /> Has there been any corporate interest in the site so far? How will your team work to land <br /> the corporate players it needs to meet the county's employment and economic goals? <br /> Shaver: Land O'Lakes was attracted to the site. The Vikings were attracted to the site, so there <br /> has definitely been interest. Going forward (we are going to engage) the JDA, the city and the <br /> county on a broader marketing approach that will (target)not only corporate clients in the Twin <br /> Cities but also regionally and nationally. (This site)has that kind of appeal. <br /> One of the things we are doing as the result of the mixed-use component is really creating an <br /> amenity package that will be used to attract and retain employers. This site has a significant draw <br /> from an employee perspective and as you get into a tighter labor market, having those amenities <br /> (retail,restaurants, trails and parks, apartments, single-family homes) to be able to support a <br /> corporate campus is going to be critical. We want this to be a place you can live,work and play. <br /> Lux: That is what really differentiates this site from a development approach compared to just <br /> building a building in a location on an interchange. From a corporate user standpoint we can <br /> really offer a (package) others don't have. <br /> Let's talk about housing; what can we expect there? <br /> Project Status Memo 4 <br />