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Agenda - Economic Development Authority - 12/12/2024
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Agenda - Economic Development Authority - 12/12/2024
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3/14/2025 12:01:32 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
12/12/2024
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THE COR <br />The City of Ramsey's COR is an impressive 400+ acre transit - <br />oriented and walkable urban development. Strategically located <br />near U.S. Highway 10, U.S. Highway 169, and the Ramsey <br />Northstar Commuter Rail Station, it promotes accessibility <br />and convenience. This mixed -use area features a blend of <br />residential, retail, office, recreational spaces, and government <br />facilities. The COR aims to create a cohesive community that <br />supports sustainable living and economic growth, making it a <br />key focal point for residents and visitors. <br />In 2009, the City of Ramsey acquired The COR to transform it <br />into a vibrant urban center through a public/private partnership. <br />Nearly 53 acres within The COR is available for development, <br />with about 20 acres owned by the city. In addition, 40 acres <br />next to The COR is designated for commercial and retail <br />development, boosting growth potential and attracting new <br />businesses. This makes The COR an exciting opportunity for <br />developers and investors focused on community revitalization <br />and growth. <br />Recent Major Activity <br />• ALDI — 20,664 sq ft grocery store (2024) <br />• Home2Suites Hotel by Hilton — 98 units (projected 2025) <br />• Take 5 —1,860 sq ft quick oil change (projected 2024) <br />• Waterfront Village — 108-unit detached townhomes (2024) <br />• Skyline on Sunwood — 133-unit apartments + 10,000 sq ft <br />retail space (projected 2025) <br />• Northstar Marketplace — 7,200 sq ft retail center (2023) <br />• O'Reilly Auto Parts — 7,800 sq ft retail store (2022) <br />• Sapphire — 118-unit market -rate apartments (2020) <br />• West Armstrong Retail —15,000 sq ft retail center (2020) <br />• Gigi's Salon & Spa — 9,000 sq ft spa and salon (2022) <br />• Cottages at the COR — 40 single-family villa units (2020) <br />• Waterfront Park —16.1 acres with trails, lake (2024) <br />Pre-2020 COR Projects <br />• Affinity at Ramsey —174 units market -rate (55+) <br />amenity -rich housing (2019) <br />• Allina Medical Clinic — 25,000 sq ft clinic (2011) <br />• Armstrong Boulevard Interchange (2016) <br />• Casey's Retail Co — 4,500 sq ft convenience store (2016) <br />• Coborn's — 95,000 sq ft anchored multi -tenant retail <br />center (2005, remodel 2022) <br />• Greenway Terrace — 54-unit affordable housing by <br />Aeon (2018) <br />• Midwest Medical Examiner's Office —18,350 sq ft <br />(2008) <br />• New Horizon Childcare — 9,200 sq ft daycare <br />and preschool (2018) <br />• Northstar Rail Station: connected to an 800-stall <br />covered parking ramp by skyway with service to <br />Minneapolis and MSP Airport (2012) <br />• Parkview East —121 units of market -rate apartments <br />(2016) <br />• Ramsey Office Plaza — 80,000 sq ft office and restaurant <br />(2006) <br />• PACT Charter Elementary School — 72,000 sq ft (2004) <br />• Ramsey Municipal Center — 65,500 sq ft (2006) <br />• Veterans Affairs (VA) Outpatient Clinic — 40,000 sq ft <br />(2011) <br />• $3M The Draw Park & Amphitheater <br />
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