Monday, March 25, 2013
Eagan city officials say they would like to consider the use of Tax Increment Financing to help fund improvements on the property. But first, they have to change a state law.
Pedestrian access, a multi-level parking garage, a mix of office and retail space. Eagan city officials have a laundry list of features they would like to see Minneapolis-based CSM Corporation incorporate into the company's redevelopment of the former Lockheed Martin property. But to get there, the city may have to chip in some public money. Eagan Community Development Director Jon Hohenstein said the city is considering the creation of a Tax Increment Financing (TIF) District to help fund certain infrastructure improvements on the 47.4-acre site, which is situated just off Pilot Knob Road in Eagan. WHAT IS A TIF DISTRICT? When new development is constructed on a site, the market value of that property and its property taxes typically rise…
Tuesday, January 29, 2013
Eagan city officials issued 2,699 private sector building permits in 2012 for construction projects worth a total of nearly $110 million.
Follow Eagan Patch on Twitter | Like us on Facebook | Sign up for our daily newsletter | Blog for us The pace of construction in Eagan hit a new, five-year high in 2012, according to a year-end building activity report released earlier this month by city officials. Eagan city officials issued 2,699 private sector building permits in 2012 for construction projects worth a total of nearly $110 million. Last year's totals represent a significant increase over 2011, when the city issued 2,259 total permits for projects worth $59.7 million. In 2010, the city approved 2,616 permits, but the permitted projects were only worth $45 million. Eagan Community Development Director Jon Hohenstein said the city hasn't seen this level of construction …
Monday, September 24, 2012
City officials are moving forward on plans to realign Cedar Grove Boulevard and a gas pipeline in preparation for the construction of a 400,000-square-foot outlet mall.
Follow Eagan Patch on Twitter | Like us on Facebook | Sign up for our daily newsletter | Blog for us You might not see construction crews yet in Eagan's Cedar Grove Redevelopment Area, but plans for a 400,000-square-foot outlet mall in the area are still moving forward. On Wednesday, the Eagan City Council authorized city staff to begin planning for road grading in anticipation of the realignment of Cedar Grove Boulevard. In a separate motion, the council also gave the green light to an engineering study on the relocation of an Xcel Energy gas pipeline running through the area. City officials plan to move the road and the pipeline to make way for the proposed, 35-acre mall, which—if approved—would be developed by Baltimore-based company …
Wednesday, July 18, 2012
As part of the purchase agreement, the Eagan Economic Development Authority will finance the construction of a multi-level public parking ramp.
Follow Eagan Patch on Twitter | Like us on Facebook | Sign up for our daily newsletter On Tuesday, the Eagan Economic Development Authority approved a $14.73 million purchase agreement with Paragon Outlets Eagan LLC. for 29 acres of property in the city’s Cedar Grove Redevelopment Area. Paragon Outlets, a Baltimore, Md.-based developer, wants to construct a 420,000-square-foot outlet mall on the site, located near the intersection of Hwy. 77 and Hwy. 13 in Eagan. The purchase agreement calls for Paragon to pay $5.8 million in land costs, plus $3.5 million for the relocation of Cedar Grove Parkway and $1.2 million to move an Xcel Energy gas pipeline underneath the site. Paragon will also contribute $4.23 million to the construction of a …
Tuesday, May 29, 2012
Baltimore, Md.-based developer Paragon Outlets plans to build a 400,000-square-foot outlet mall in Eagan's Cedar Grove area.
Follow Eagan Patch on Twitter | Like us on Facebook | Sign up for our daily newsletter Doron Jensen's business—Jensen's Supper Club—was dealt a double blow beginning in 2008. Not only was the high-end eatery struggling with the loss of clientele as a result of the recession, but dozens of neighboring businesses—whose presence brought traffic and visibility to Jensen's restaurant—had closed or relocated as the city moved forward with plans to redevelop the Cedar Grove area. "We fell off the table in 2009, we were down in 30 percent," Jensen said. Fast forward several years, and Jensen hopes that a proposal to build a 400,000-square-foot outlet mall will start a business renaissance in the largely vacant Cedar Grove area. Jensen's hopes are …
44.818502
-93.209545
Jensen's Supper Club
3840 Sibley Memorial Hwy, Saint Paul, MN
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Cedarvale Lanes
3883 Cedar Grove Pkwy, Saint Paul, MN
/articles/business-owners-hope-outlet-mall-plans-will-bring-renaissance-to-cedar-grove
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Friday, March 16, 2012
The owner of the Lockheed Martin site unveiled its plans in front of several dozen area residents and officials at a Wednesday evening meeting in Eagan.
The developers of the Lockheed Martin property unveiled their plans for a 510,000-square-foot retail complex in front of an alternately warm and cold audience on Wednesday night. Several dozen area residents attended CSM Corporation's neighborhood meeting at the Eagan Community Center to get a first look at the company's redevelopment plans for the property. CSM purchased the 47-acre parcel in downtown Eagan following Lockheed Martin's announcement in 2010 that it plans to close its sprawling facility and move many of the jobs at the site to New York and California. The developers plan to begin construction on the proposed complex in April 2013—one month after Lockheed moves out of the facility, and open the retail center in the fall of …
Monday, February 27, 2012
Large corporate contractions and more than enough developable land have led to a saturated market.
In boom times, Greg Miller would have no problem finding tenants for the Boulder Lake Business Park in Eagan. Miller is the president and co-owner of Interstate Partners, a power player in the local commercial real estate scene. The company built more than 100,000 square feet of office space at Boulder Lake, which is located off Hwy. 55 in Eagan, and has plans to add roughly 600,000 square feet to the complex. But the Boulder Lake project has been on hold for years, stopped cold by the economic downtown. “In the last four years, we planned on building four buildings in that park, and we’re still sitting on that land looking for potential users,” Miller said. A “Saturated” Market Miller’s problems aren’t unique. Nearly one-fifth of all …
Wednesday, January 18, 2012
Last year, city officials issued a total of 2,259 building permits for private development worth roughly $58.5 million.
The city may have issued fewer building permits in 2011, compared to 2010, but the amount of new, private development in Eagan is rising, according to a report released by city officials late last week. City officials issued a total 2,259 building permits for a variety of projects in 2011, compared to 2,616 permits in 2010, according to the report. But many of the permits issued in 2010 were for home remodeling or renovation projects, whereas a growning number of permits in 2011 were for new development. In 2011, city officials issued building permits for 50 new, single-family homes and 23 new townhomes—a significant increase from 2010, when the city approved 24 building permits for single-family homes and eight permits for townhomes, …
Tuesday, May 24, 2011
Big Lots will move into the Office Depot location once the office supplies store closes on May 28
Eagan Director of Community Development, Jon Hohenstein, confirmed Tuesday that the city has received a building permit application to convert the space at 1284 Town Centre Drive to a Big Lots discount retail store. The site is currently home to an Office Depot, which is scheduled to officially close on May 28. Ohio-based Big Lots buys up excess inventory and close-out items—everything from furniture to groceries—and offers it to the public at significant discounts. The 2010 Big Lots annual report indicates that the company is expading: "This strategy enables us to open stores in the strongest retail trade areas or 'power strips' in a given market … retail trade areas with better demographics (population density or household income), …
44.832404
-93.160251
1284 Town Centre Dr, Eagan, MN
Big Lots
/articles/big-lots-store-to-open-in-eagan-town-centre
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Bob the builder
8:24 am on Sunday, March 31, 2013
Why would the city council want more office space at this site when there's no market for it? How would Eagan benefit from a parking ramp and pedestrian access? Won't CSM's plan include the best way for customers to utilize the business' that will be on the site? How can the city even consider spending money on this site w/o seeing the CSM plan? Over 1500 jobs were lost when Lockheed closed this … more ›