Provide non-binding comments and suggestions on a sketch plan proposal to re-develop 2.9 acres of land on both sides of 49-1/2th Street, in the 50th and France Business District.
The properties are owned by the City of Edina’s Housing and Redevelopment Authority (HRA). In August 2016, the HRA issued a Request for Proposal (RFP) to redevelop vacant property located at 3930 W. 49-1/2 Street. This property was purchased by the HRA in 2013 with the intent of creating additional public parking for the commercial district. Prospective developers were encouraged to provide creative ways to deliver public parking while also adding street life, vibrancy and new business opportunities. Interested developers were encouraged to consider including other adjacent properties to increase the impact of the redevelopment effort on W. 49-1/2 Street.
On December 20th, Buhl Investors/Saturday Properties were selected by the HRA as the development partner. The selection of the development partner did not intend or imply that the plans would be approved. The normal full development review process is still required. This is the first step in that process.
See attached Planning Commission Staff Review Memo