The snap of fall was in the air October 7, 2014 as business leaders and city officials gathered to celebrate spring. That is, the springing to life of CityPlace.
Construction has commenced on the first phase of the 100-acre site at the southeast corner of Radio Drive Interstate 94 in Woodbury, MN. It is one of the largest development projects in the city’s history, one that promises to reinvent a vacated corporate campus into a vibrant mixed use environment blending the best of work-live-play amenities.
Under the vision of joint venture partners, Florida-based Elion Partners and Kraus-Anderson, the CityPlace project will be transformed into a walkable mixed-use campus including a 45,000 s.f. Whole Foods grocery which will be the first in Woodbury; and a 116-room Residence Inn hotel. Additional recently announced retail tenants include Verizon Wireless, Cafe Zupas and Wedding Day Diamonds, said Matt Alexander, director of real estate development at Kraus-Anderson Realty.
“Kraus-Anderson is excited to begin construction on this unique project in Woodbury, and we believe that with Elion we have partnered with a company who shares our vision for the property,” said Alexander.
“We are confident that with our sponsorship, creative plans and our core retail location, we can set a new standard for mixed-use redevelopment in the greater Twin cities area,” he said.
KA and Elion are teaming with leasing brokerage firms Transwestern, which is handling the leasing of the existing 400,000 s.f. office property on the site; and Welsh Colliers, handling the retail portion of the project. Architect is RSP Architects.
The 700,000 s.f. development will also feature 100,000 s.f. of new office buildings, in a park-like setting with a lake, natural wildlife, walking trails and lush landscaping. Plans call for planting some 1,200 trees, incorporating an innovative stormwater management system known as the Stockholm Tree Trench Method. The system allows tree roots access to soil, air, nutrients and organic matter under hard surfaces like parking lots.
“CityPlace will be a destination, not just another office property,” said Mike Salmen, a Transwestern partner and leader of the team hired to lease the office building.
“It will have the amenities and services required to attract and retain the elite talent today’s corporate users are looking for. Given the plans for development, there isn’t a comparable office property in the market.”
The existing office property’s flexible floor plates can accommodate a single occupant or multiple tenants; with easy access from Interstate 494, 694 and 94, public transportation options, a full-service cafeteria and ample parking. The property also features an impressive three-story atrium, open design and natural lighting.
Construction of the first phase of retail is scheduled for completion in 2015 on a fast-track schedule.