The Mahtomedi City Council and Planning Commission debated how to develop a 5-acre area near Century College. Two options were proposed: senior housing for aging residents or high-density townhomes to attract young families. Opinion was divided on the best approach, with some believing senior housing would free up existing homes for families while others felt young families were needed to support the community. The city planned further study on development density and financing options before deciding on a plan.
African American Chamber & The Port Real Estate ForumThe Port
The Port and the African American Chamber held our Real Estate Forum on December 5, 2018. The Port shared neighborhood, industrial and public finance projects with African American Chamber members.
In addition, Mike Smith, VP of Neighborhood Development, and Robert Sanders, Director of Commercial Development, at The Port presented “Fundamentals of Commercial Real Estate & SBA Financing.”
Our Fall 2014 edition featuring articles on the importance of voting in the upcoming civic election, youth happenings in the ‘hood, reflections on the teachers strike, the new Mandela project gracing the neighbourhood and more.
5-28-14 WBP - Senior versus family housing near Century College debated
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Senior versus family housing near Century College debated
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Posted: Wednesday, May 28, 2014 8:15 am | Updated: 9:22 am, Wed May 28, 2014.
by Louise Ernewein/Contributing Writer |
MAHTOMEDI — The future of a 5acre
area in the city could come down to a battle of the generations: Boomers vs. Millennials.
The area in question consists of land to the east of Century Avenue/Highway 120, north of the Lincoln Square Shopping Center and south of
Century College.
Since 2002 or so, the Mahtomedi City Council has had in mind to develop the land as a mixeduse
development, with retail and office space
at ground level and housing above.
But at a joint work session involving the City Council and Planning Commission on May 20, City Planner Kelsey Johnson dashed any
remaining hopes of the mixed use development approach.
“We have reached out to a number of developers,” she said. “Commercial brokers weren’t necessarily interested in this property. It was too
small or too large, depending on the broker.”
In contrast, she told council and commissioners, two specific types of developers had shown an interest: those who would construct senior
housing for the city’s aging population, and those who would target younger families keen to move into Mahtomedi’s school district by
building highdensity
townhomes.
“I would much rather see us plan to attract young families, I really would,” said Planning Commissioner Susan Stewart. “I don’t see how our
city is going to survive without young families.”
But opinion was divided among the other council and commission members present. Some expressed the belief that building apartments for
seniors would free up singlefamily
homes throughout Mahtomedi for younger families to occupy.
“I get emails saying, ‘We are living in my parents’ basement so my kids can go to school here,’” said Mayor Judson Marshall. He added:
“After we lost the [school] levy [in the last election], I had two people after me to say, ‘You are filling the town up with old people who vote
against the levy because they don’t want their taxes to go up.’”
After hearing that developers had emphasized the need for higherdensity
construction than currently permitted under Mahtomedi city code,
the City Council and Planning Commission gave the green light to Johnson to work on a study examining site density feasibility, the level of
assistance needed by a developer to bring any project to fruition, and the types of financing available.
In a further twist, the ownership of the land in question is currently split between five private homeowners, a foreclosure property
repossessed by U.S. Bank, the city of Mahtomedi and developer Bruggeman & Properties LLC. Any future development would require
negotiations with the various landowners.
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