pf_03434 - Laserfiche WebLink

Home

Marriott Courtyard opened in the fall of 2001. Twin Lakes Business Park. The 275-acre Twin Lakes area is located on County Road C between Cleveland, just west of Snelling. A market driven redevelopment plan was completed in 1988 that targeted 110 acres of land and was renewed in 2000-01 for a total of 170 acres of redevelopment land. The first new building, the Twin Lakes Medical office building, was constructed in 1994 on the site of trucking terminals, construction storage areas and the old Mack Hotel. Since 1994, Ryan Construction, the designated developer through 2003, has built four office/flex buildings totaling more than 320,000 SF of space. Contamination clean up in this area totaled more than $4 million and included the establishment of a tax increment district, a tax increment sub district and a Metropolitan Council Tax Base Revitalization Grant. Over 1,100 jobs are now located in these high tech/ flex buildings. The redevelopment of the remaining parcels in the Twin Lakes Mixed Use Business Park is a high priority for the City over the next 10-15 years, with a majority of the redevelopment occurring after the construction of Twin Lakes Parkway scheduled to begin in 2004. In 2000-01, Roseville revised the master plan for Twin Lakes and completed a State Environmental Impact Planning Document called an Alternate Urban Area Review (AUAR). The City received a grant from the US Environmental Protection Agency to conduct environmental assessments in the area. The new estimates for development include up to three million square feet of new multi-level office, retail, and medical facilities and 500-700 units of housing. This will add up to 5,000 new jobs to the region generating annual payroll of $400 million and an estimated new construction value of $300 million. In addition to the mixed-use business parks, the City has begun the master planning and redevelopment of 35 acres within Planning District Three named the Arona-Hamline Neighborhood Master Plan. As currently envisioned, over 230 new housing units, a revised park and new pathways, and 13-16,000 square feet of new neighborhood retail space will replace a vacant 13-acre ball field and a 6 acre outdated strip shopping center in 2003-2004. Redevelopment strategies are only effective if the current business climate is strong. Therefore, focusing on retaining and expanding Roseville's business base is key to the long-term success of the City. Roseville's current retail sector is strong with the presence of a regional shopping center and surrounding retail complexes. The manufacturing, high technology and medical sectors should be expanded to support Roseville's goals for quality employment. The business retention and development strategies focus on these key sectors. Roseville Comprehensive Plan 2002 Update Executive Summary -Page 10 of 16