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HomeMy WebLinkAboutJune 2022 CEC PresentationPriorLakeMN.gov Prior Lake Community Development Update June 16, 2022 Citizen Engagement Committee PriorLakeMN.gov Agenda •2021 Year-End Review •Historical Comparison •Residential Development Activity •Commercial Development Activity •EDA Overview 2 PriorLakeMN.gov 2021 Building Permits •Total building permit valuation was $84.4 million •Highest valuation since 2006 3 PriorLakeMN.gov 2021 Building Permits (Residential) •2,839 permits issued •132 single-family homes 4 PriorLakeMN.gov 2021 Building Permits (Commercial) •C/I building permit valuation totaled $13.3 million (125,000 SF new) •$70.4 million in C/I over past 5 years •More than previous 10 years combined ($60.8 mil) 5 PriorLakeMN.gov Development Activity PriorLakeMN.gov SUBJECT PROPERTY Pike Lake Landing •Tradition Development / Ron Clark Const. •NE of CH21 & CH42 •65 Lots PriorLakeMN.gov Parkwood Estates •CNC Development •South of Ponds Park on Mushtown Road •55 Lots •Fish Point Rd. Extension PriorLakeMN.gov Springview Meadows •D.R. Horton •SW Corner of Marshall & CH12 •43 Lots PriorLakeMN.gov Spring Lake Ridge •D.R. Horton •SE Corner of Marshall & CH12 •99 Lots PriorLakeMN.gov The Preserve at Jeffers Pond PriorLakeMN.gov PriorLakeMN.gov Prior Lake Luxury Apartments PriorLakeMN.gov PriorLakeMN.gov PriorLakeMN.gov EAST PERSPECTIVE (Dakota St. & Erie Ave.) WEST PERSPECTIVE (Dakota St. & Arcadia Ave.) PriorLakeMN.gov Commercial Highlights Norbella Senior Care •South Side Fountain Hills Dr. NE •~28,000 S.F. •40 Units •Assisted Living & Memory Care PriorLakeMN.gov Commercial Highlights Suite Living Senior Care •North of C.R. 21 and North of Credit River Road •~21,000 S.F. •32 Units •Assisted Living & Memory Care SUBJECT PROPERTY PriorLakeMN.gov Commercial Highlights Whitemore Fire Consultants •South of C.R. 21 & North of Adelmann St. S.E. •~11,000 S.F. SUBJECT PROPERTY PriorLakeMN.gov Commercial Highlights Accelerated Auto •West of Revere Way S.E. & South Adelmann St. S.E. •~8,400 S.F. SUBJECT PROPERTY PriorLakeMN.gov Commercial Highlights Storage Condos •North of Adelmann, west of Revere Way •~68,000 S.F. PriorLakeMN.gov Commercial Highlights Lil’ Explorers Childcare •SW of CH42/CH21 •~16,800 S.F. PriorLakeMN.gov Java Properties 1 23 PriorLakeMN.gov Java Properties 2 24 PriorLakeMN.gov Revere/CH21 25 PriorLakeMN.gov Prior Lake EDA The Economic Development Authority (EDA), a statutory committee, promotes the development and redevelopment of retail, commercial, and industrial properties in Prior Lake to diversify the city's tax base. Members:Kim Prchal, President Marie Boucher-Hoese, Vice-President Tim Marco Zach Braid (Council Liaison) Kirt Briggs (Council Liaison) Staff Liaison:Jason Wedel, Executive Director Casey McCabe, Community Development Director 26 PriorLakeMN.gov 2021 EDA Accomplishments •Acquisition of 16298 Main Ave. •Acquisition of 4528 Colorado St. •Transition Technology Village Business Accelerator to Scott County-wide program •Scott County Center for Entrepreneurship •Established the Arts and Culture Committee •Work to redevelop EDA-owned lots 4662-4666 Dakota St. •Participated in Ordinance amendments; self-service storage and DT design guidelines 27 PriorLakeMN.gov Arts and Culture Committee Purpose: •Serve as a liaison between city government and the arts and culture community •Make recommendations to the EDA related to arts and cultural events, installations, and initiatives Erin Belanger Braid, Chair Alejandra Pelinka, Vice Chair Cassandra Bryant Jeanine Bigalk Kathy Dawson Shannon Hoffmann Marie Boucher Hoese (EDA Liaison) Questions? 29