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09-07-16 EDC
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09-07-16 EDC
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Project Status Memo 4 <br />Finance and Commerce <br />Alatus talks tall buildings, high density at TCAAP <br />By: Janice Bitters August 16, 2016 12:15 pm 0 <br />An early look at master developer Alatus’ draft plan for the state’s largest superfund site left <br />some Arden Hills officials shifting in their seats Monday over the increased density and taller <br />buildings than planners had envisioned. <br />“I feel like you’re trying to build a mini-Minneapolis here in my suburb,” Arden Hills City <br />Council Member Brenda Holden said at a meeting. “I worry about this for a suburb.” <br />The former Twin Cities Army Ammunition Plant site has a master plan, created by a Joint <br />Development Authority between the city and Ramsey County, which calls for buildings reaching <br />up to 65 feet, or about six stories, and a maximum of 1,431 units throughout the 427-acre site. <br />But if Minneapolis-based Alatus has its way, the site’s early phases would include a town center <br />anchored by a grocery store eventually surrounded by up to 1,500 high-end residential units, a <br />hotel, a theater and 16,000-square-feet of restaurant space in mixed-use buildings. Later phases <br />would add up to 466 single-family homes and townhouses. <br />Condominium buildings reaching as high as 12 stories would be built near the entertainment and <br />retail, helping to create an active town center to draw homeowners in the later stages, Alatus <br />Principal Bob Lux said at the meeting. <br />Lux noted he wants to build condos at the site despite state laws that have made many developers <br />shy away from them in recent years. Existing statutes allow condo owners to sue developers and <br />others involved in the projects for defects up to a decade after the units are built. <br />“If you had asked me two years ago if I’d ever stand in front of a body in Arden Hills and say <br />that we would consider doing condominiums there, I would have said absolutely not,” Lux said. <br />“I am convinced, from the research that we are doing, that there is a need for condominiums.” <br />But in order to limit liability to the developer and its team of more than 30 planners on the <br />project, Lux said the condominiums need to be built with concrete, which is more expensive than <br />other building materials and not as cost-effective in shorter buildings. <br />“You eliminate 90 percent of those [liability] problems if you start with concrete,” Lux said. <br />If city and Ramsey County planners can’t envision at least 10-story condominium buildings at <br />the site, condos won’t likely make it into the final draft of Alatus’ plan, Lux added. <br />One of the primary goals of the redevelopment, planners and the developer agree, is to increase <br />the tax value of the site, also known as Rice Creek Commons. The land has been vacant and <br />undergoing a $22.5 million soil cleanup and remediation for the past three years.
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