The Metropolitan Council and Metro Transit, together with the City of Saint Paul and Saint Paul Riverfront Corporation, have been working since 2012 to facilitate the redevelopment of two properties, totaling 14.7 acres near Snelling and University Avenues in Saint Paul.
Recent discussions with adjacent property owner, RK Midway LLC, about expanding the development site north to include an 18.8 acre, grocery-anchored shopping center and one-acre bank building provide a total redevelopment opportunity of 34.5 acres.
All four properties are adjacent to the new Green Line Light Rail Transit (LRT), which will start operations in June 2014.
Using the Snelling Station Area Plan
as the basis, the parties have engaged a real estate consultant team to develop recommendations that will help the three parties to cooperatively pursue transit-oriented development on the entire 34.5 acres. The recommendations will suggest phasing, financing, placement, character, and process for intensifying uses on the site that are consistent with projected market conditions and the City of Saint Paul's adopted Snelling Station Area Plan.
When the consultant's work is done in April 2014, each party will decide on next steps to facilitate coordinated redevelopment including: Metropolitan Council (sale of land); City of Saint Paul (regulatory, public investments); and RK Midway LLC (redevelopment proposal). Community engagement and input will be key in the planning phases when specific redevelopment concepts by a new owner are presented.
While full redevelopment will likely be phased over a period of years, the planning team will begin collecting broader community input. Look for questions to provide your input on Open Saint Paul
in April/May 2014.