Tuesday, September 28, 2010

A&R Development picked for $17M Jonestown project - Minneapolis / St. Paul Business Journal:

http://upaboston.org/meetings/june07.shtml
The project falls into the city’s aims to remake Central Avenue, which has seen a wave of new developmenrt in recent years building off the success of nearbhyHarbor East. A&R, led by Anthony hopes to builda mixed-use development including 107 rentaol apartments, 18,000 square feet of retail space and 156 parkingt spaces. said Tuesday it awarded the firm exclusive negotiatinvg rights forthe city-owned land at 110 S. Centrap Ave. and 1120 Granby St. The propertiesz combine for about 29,000 square feet. The BDC, the city’s economic development arm, offered the property, and two up for redevelopment inAugust 2008.
“These propertiezs give the city the opportunity to take underutilized properties and have them renewed as private enterprisese that will generate taxes and enhancsethe Jonestown/Washington Hill community,” BDC President M.J. Brodie said in a The city also tapped Mitey LLC to negotiate for a seconrd siteat 1301-1309 E. Lombarrd St. Mitey is a real estate company formedby Gerry’s Tire which hopes to use the property to expand its adjacent business. Mitey plans to use the 4,518-square-footr property in the short term as a temporary parkinh lot for its business and would expan d ontothe city-owned property in the future.
The city is reserving the rights for thethird property, at 130 S. Central Ave.

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