Laserfiche WebLink
Launch Properties <br />Project Description and Specifications <br />Location: NW quadrant of the intersection of Lexington Ave N & Grey Fox Rd, Arden Hills. <br />Developer: Launch Properties <br />General Description: Two freestanding buildings on approximately 2.5 acres; Building 1. An <br />approximately 20,000 SF national grocer. Building 2. An approximately 3,600 SF retail, <br />restaurant or banking user – with a drive thru window. <br />Prospective Tenants:It is to early in the process to have contractually solidified any tenant for <br />either building. A well-known national grocer is the leading prospect for the 20,000 SF building <br />however, other national grocers are investigating the site also. National coffee retailers, banks <br />and fast casual restaurateurs are examples of prospects for the building with the drive thru <br />component. We are in extensive dialogue with several of those national companies. <br />Elevations: The prospects we have for both buildings are not prepared to have their names <br />“going public” at this time. Therefore, we can’t offer elevations that will accurately represent <br />the finished product. Launch acknowledges Arden Hills has building materials, height <br />requirements, and other building specifications and we intend to follow those requirements <br />with reasonable flexibility applied to the final plans. <br />Flexibility Required:The current plan has ample parking as per the requirements of the <br />prospective tenants, who by-the-way push this issue hard. However, as per city code we will <br />need some flexibility on the parking requirements. We’ll also require some code flexibility on <br />the building/landscape setback and landscape coverage requirements, however the quantity of <br />landscaping provided as part of the project will be an improvement from the existing <br />conditions. It is understood that the City has code requirements for spacing of drive-thru uses <br />and drive-thru equipment, the project will require flexibility with each of these requirements to <br />allow for the proposed drive-thru use on the retail, restaurant, bank building. <br />Development Schedule: Considering the COVID 19 issues it’s become difficult to identify an <br />accurate timeline. Optimistically we’ll break ground this fall of 2020, however, realistically the <br />project will get pushed back to a spring 2021 groundbreaking. The project will take <br />approximately 8 months to complete. <br />Summary: We are seeking only the highest quality national retailers for the project; the kind <br />Arden Hills can be proud to have in their community. We believe the requested flexibility for <br />the development, would still allow for a significant improvement from the existing conditions, <br />while also providing new-quality goods and services to the Arden Hills community.