St. Anthony has four redevelopment projects on the horizon that will bring 610 residential units and 135 assisted living units for the elderly.
For a built-up city with almost 9,300 inhabitants in the counties of Hennepin and Ramsey, the projects are tantamount to a boom in apartment building.
“These will certainly help to revitalize the city,” said City Manager Charlie Yunker. âI can’t remember having several projects of this kind at the same time. But the market demand was definitely there, and our proximity to the two big cities will certainly help. “
By far the largest project is on 37th Avenue and Silver Lake Road in Ramsey County, where a Walmart was closed in 2014 and later demolished. Doran Cos. is currently building the first of two four-story apartment buildings with a total of 496 units. A pedestrian walkway will cut through the buildings and lead directly to the north to the existing retail trade.
Walmart abandoned the grounds for a new store in neighboring Roseville, leaving a gaping commercial hole in Silver Lake Village, a mixed-use mall that the retailer partnered with Cub Foods.
Yunker said the apartments will bring more foot traffic to local businesses and may help fill open commercial spaces. He noted that Steele & Hops Kitchen / Bar opened in a converted former Applebee building that had been vacant for years.
“These are all great things for us, the area in general,” he said.
A little to the west, and still in the planned housing development Silver Lake, Interstate Development is building a three-story apartment building with 38 units at 3725 Stinson Blvd.
Meanwhile, Development 65 is building a senior citizens’ home with 135 residential units on four hectares next to a branch of the Bremer Bank in the southwest corner of the city. The four-story building will have 24 units for memory maintenance, 28 assisted living and 83 independent living.
BANK TO MOVE
The latest project, approved by the city council last month, is a three-way deal between Interstate, Bremer and the city.
Plans call for the developer to build a new 5,800-square-foot Bremen branch on a 1-acre site at Kenzie Terrace 2654, where the St. Anthony Lanes bowling alley operated for decades before it closed in 1993.
Once the bank is ready, Bremer will open its branch at 2401 Lowry Ave. so that the interstate can begin work on a four-story home with 30 one-bedroom units, 17 one-bedroom / alcove units, and 26 two-bedroom units, and three three-room apartments. Monthly rent will range from $ 1,300 per month for a one-bedroom unit to $ 2,350 for three-bedroom units, according to city documents.
The city will get a piece of land back for a welcome zone on the northeast Minneapolis border. The triangular piece of land of half a hectare, which is now owned by Bremer’s current branch, will bear a city monument and landscaping.