The Minnehaha Creek Watershed District and Kraus-Anderson have mutually agreed to part ways, citing that the parties could not agree on a vision and purchase price for the future redevelopment of the 325 Blake Road site in Hopkins, according to a press release from the watershed district.
The announcement comes after more than six months of visioning.
Minneapolis-based firm was selected in May 2018 as the master developer of the site which is planned to become mixed-use development along the planned Southwest Light Rail Transit line.
“We appreciate Kraus-Anderson’s assistance in helping us and our partners discover the potential of this amazing property,” said Sherry White, watershed district board president. “With a focus on the value-added benefits of the site’s natural resources, we look forward to exploring future opportunities for the development community to help us and the City of Hopkins deliver an integrated site that improves the quality of water and the quality of life in the community.”
The watershed district, which acquired the 17-acre property in 2011 as part of the largest restoration of an urban creek in Twin Cities’ history known as the Minnehaha Creek Greenway, will work with its public partners to add clarity and vision for the site’s public spaces.
By further defining the restoration of the site’s natural resources and how they can complement a publicly-accessible development along the SWLRT line, the MCWD will further realize its mission of creating a balanced urban ecology, the statement read.
“It was a privilege to work on this project with the MCWD and we look forward to seeing it take shape,” said Matt Alexander, senior vice president of Kraus-Anderson Development. “This project exemplifies the MCWD’s innovative spirit and desire to produce a high-value, sustainable development that meets community needs and is integrated with the site’s natural resources – a win, win for all involved.”
The 325 Blake Road site, which was home to a large cold storage warehouse that was demolished in 2018, is adjacent to Minnehaha Creek, the newly restored Cottageville Park, and the planned Blake Road LRT station in Hopkins. The redevelopment will be a gateway to the Minnehaha Creek Greenway’s 109 acres of contiguous and previously inaccessible green space, will treat 270 acres of stormwater, will improve water quality in the creek’s most degraded stretch, and will meet the city’s goal for an integrated residential development.
Planning efforts to further define the vision for 325 Blake Road will include opportunities for community involvement.
Design of the streambank restoration and stormwater management practices are expected to begin this year with construction anticipated during the winter of 2019-20.
More information can be found online at minnehahacreek.org/project/325-blake-road-redevelopment.