There are currently two proposed apartment development projects in the City of Robbinsdale. One in the later stages of the process. The second has been presented as a concept to the City Council,and has applied to the REDA for Tax Increment Financing.
Citizens Independent Bank/Lakeland Professional Office Building (West Broadway/Lakeland Avenue)
The first proposal is a proposed 152-unit apartment complex on the large parking area next to the bank and where the Lakeland Professional Office Building currently sits. Citizens Bank would not be impacted and would still have designated parking spots. The proposal calls for market rate apartments with 2-bedroom, 1-bedroom and studio units and plenty of amenities including underground parking, roof top deck, and pet area. The project was approved through the planning process on December 19, 2017. The apartment development evolved from it's initial concept after feedback from the city council the site plan is shown below.
The Robbinsdale Economic Development Authority is considering establishing the Development Project No. 13 and Redevelopment Plan and Tax Increment Financing Plan allowing issuance of a privately financed pay-as-you-go note not to exceed $2.5Million. It is anticipated that tax increments for this assistance will be obtained in 10 years. The documents prepared for review show the total potential generation of tax increments over the course of a 25 year redevelopment district.
REDA approved the redevelopment and TIF plan on June 12, 2018. City Council will consider approval of the plans following a public hearing on June 19, 2019 - the meeting starts at 7 pm. REDA will consider the development agreement at a special meeting to be held at the end of the city council meeting- the reports related to this development are shown below:
St. Petersburg / American Legion Site (36th and France Avenue)
This proposal is still a concept and is very early in the planning discussion. The concept proposal was introduced to Council at a Special Robbinsdale Economic Development Authority Meeting on October 17, 2017. The St. Petersburg Restaurant and Vodka Bar and the American Legion will still be open for many months. The current concept proposal would include ground level retail space and around 200 market-rate apartment units in between West Broadway and County Road 81 along 36th Avenue. The proposal would also include many amenities such as underground parking, pet friendly areas, and an outdoor pool.
Next step: Inland Development Partners (the developer) is targeting a public hearing on the project in front of the Planning Commission in July, 2018 and requesting REDA to consider a tax increment financing pay-as-you-go TIF note of $7.2M.