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Agenda - Economic Development Authority - 12/08/2016
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Agenda - Economic Development Authority - 12/08/2016
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Agenda
Meeting Type
Economic Development Authority
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12/08/2016
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\I/ <br /> THE COR Y <br /> The COR(Center of Ramsey) is the City of Ramsey's <br /> downtown development. This 300+acre development is a 1� t <br /> true,transit oriented and walkable, urban development. <br /> The COR is centered on U.S. Highway 10/U.S. Highway 169 <br /> and the Ramsey Northstar Commuter Rail Station. This <br /> mixed use development is home to a long list of successful <br /> projects including residential, retail, office, recreation, <br /> government facilities,and much more. PRE-2015 PROJECTS <br /> • 95,000 sf Coborn's anchored multi-tenant retail center,over 90% <br /> The COR, known formerly as Ramsey Town Center, was occupancy <br /> purchased by the City of Ramsey in 2009. About 130 acres • PACT Charter School(K-12) <br /> of land is available for development in The COR today; • Ramsey Municipal Center(60,000 sf) <br /> about 90 acres is City-owned. Located directly adjacent to • Veterans Affairs Outpatient Clinic(40,000 sf) <br /> • Ramsey Office Plaza(80,000 sf),over 90%occupancy <br /> The COR is 90 acres of additional land available for . Midwest Medical Examiner's office <br /> commercial (retail) development. • NAU County Insurance Office(42,000 sf) <br /> • Northgate Church&Community Performing Arts Center(500 seats) <br /> RECENT MAJOR ACTIVITY • Allina Medical Clinic(25,000 sf) <br /> • Rental apartments—121 units of market rate • 230-unit luxury apartment complex(Residence at The COR) <br /> apartments being developed by PSD LLC in The COR, • $3M The Draw park&hitheater <br /> near The Draw park and amphitheater. Construction • Ramsey Rail Station:connected to 800-stall covered parking ramp by <br /> is underway, completion is anticipated for fall 2016. skyway with service to Minneapolis <br /> • Various single family and townhome developments totaling several <br /> hundred households <br /> • Rental apartments -47 units of workforce housing <br /> being developed by Common Bond Communities in <br /> The COR, near the Ramsey Northstar Commuter Rail <br /> Station. Construction is underway, completion is <br /> anticipated for fall 2016. <br /> • Convenience Store—4,500 sf convince retail store <br /> completed by Casey's Retail Company, near Ramsey <br /> Blvd./Sunwood Dr. Construction is completed, <br /> operations began in January of 2016. <br /> • Quick Service Restaurant—4,500 sf restaurant to be <br /> developed by McDonald's USA LLC in The COR, near <br /> the new Armstrong Blvd. Interchange. Construction <br /> anticipated for for completion by 2017. <br /> • Armstrong Blvd. Interchange—new full-access grade- <br /> separated interchange, intersection of U.S. Highway <br /> 10 and Armstrong Blvd. Final completion set for <br /> summer 2016. <br /> • Townhomes—15 units of townhomes completed in <br /> 2016, 77 additional units under review for platting by <br /> D.R. Horton within The COR, near The Drawark and <br /> amphitheater. p " <br /> • Renovation—Coborn's completed a half-million dollar I ` <br /> remodel and upgrade to their convenience and liquor <br /> pg q <br /> spaces in late 2015. Coborn's is a 60,000 sf grocery <br /> tenant located within The COR. .7 <br /> h �I, <br />
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