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<br /> <br /> <br />MEMORANDUM <br /> <br />DATE: September 8, 2021 PC Agenda Item XX <br /> <br />TO: Planning Commission Chair and Commissioners <br /> <br />FROM: Jessica Jagoe, Senior Planner <br /> <br />SUBJECT: Planning Case #21-019 – Public Hearing Required <br /> Applicant: Launch Properties <br /> Property Location: 3737 Lexington Avenue N. & 1133 Grey Fox Road <br /> Request: Preliminary Plat, Final Plat, Master Planned Unit Development, and <br />Site Plan Review <br /> <br /> <br />Requested Action <br /> <br />Launch Properties (“The Applicant”), on behalf of Aldi, is requesting a Preliminary Plat, Final <br />Plat, Master Planned Unit Development, and Site Plan Review for a proposed project on 3737 <br />Lexington Avenue N. (“Subject Property”) and 1133 Grey Fox Road. The subject property is <br />currently two lots with one building developed over both lots. The proposal includes a lot <br />reconfiguration that would adjust the existing lot line to the east. This development includes the <br />demolition of the existing vacant industrial building and redevelop the parcels with two separate <br />one-story buildings, one 19,480 square foot grocery store and one 5,350 square foot dental/office <br />building. <br /> <br />Background <br /> <br />1. Overview of Request <br /> <br />The Applicant has submitted a land use application for Preliminary Plat, Final Plat, Master Planned <br />Unit Development, and Site Plan Review, proposing to redevelop a 2.48-acre site located at 3737 <br />Lexington Avenue N. The site is currently developed with a vacant industrial building and <br />associated parking lot. The applicant is proposing to demolish the existing building and redevelop <br />the site with a new +/- 19,480 square foot ALDI grocery store and an additional pad site with an <br />+/- 5,300 square foot building purposed for a national dental tenant (~ 2,800 square feet) and Bank <br />of America (~2,500 square feet). The property would be subdivided into two lots. <br /> <br />The Property is currently owned by STORE Master Funding III, LLC. The site is currently <br />developed as a vacant industrial building with an associated parking lot. This area includes Red <br />Fox and Grey Fox roads and is bounded by Lexington Avenue, Highway 51, Interstate 694, and <br />the Canadian Pacific railway. This area is used by a number of small and large businesses for a <br />variety of retail, manufacturing, distribution, warehousing, and office uses. This area was largely <br />developed between the 1950s and 1970s, though the retail area along Lexington Avenue has had <br /> Attachment L