Hennepin County Land

Steeple Hill II Proposed 51 New Home Sites – Northwest Plymouth

John Murphy — Sat, 15 Jun 2013 12:55:20 +0000

The site just to the west of the Steeple Hill development in northwest Plymouth at County Road 47 and Vicksburg is expected to be developed in to 51 homes. Dave Gonyea from GWS Land Development was in front of the Plymouth Planning Commission recently to discuss the proposed development.

This site is currently owned by the Wayzata School District and was going to be the site of a future elementary school. The school district is well managed and it appears with the decisions they’ve made to expand some of the other elementary schools, they will not need to construct a new school from scratch.

Cedar Hollow West, Plymouth, MN – 33 Homes by K. Hovnanian

John Murphy — Sat, 15 Jun 2013 12:48:25 +0000

The aggressive build out of northwest Plymouth continues. K. Hovnanian is looking to build 33 single family homes at 4340 Brockton Lane in Plymouth. This is located near the Hamel ball fields and is an awesome location in my opinion.

According to the Plymouth Planning Commission notes, these homes will be priced in the upper $300,000s and will be sized between 2500-4000 finished square feet. Since it will be located in the Wayzata School District, at this price point and given the present market conditions, if K. Hovnanian delivers a good product, which I expect they will, these should be sold within 12-18 months.

City of Corcoran 2030 Comprehensive Plan

John Murphy — Sun, 07 Apr 2013 15:32:24 +0000

Here is the City of Corcoran 2030 Comprehensive Plan. Corcoran is located in northwestern Hennepin County and mostly consists of rural residential and farm land. It has been expected for some time that it will provide much of the new growth in Hennepin County. So far that has not come to be, but will likely take place the second half of this decade.

Bridgewater at Lake Medina – Buildable Lots for Sale

John Murphy — Tue, 06 Dec 2011 12:55:29 +0000

Several brokers have lots for sale in the Bridgewater at Lake Medina development which is located just west of Foxberry Farms across the pond – the lake. Lot prices appear to be running between $150,000 to $220,000. Generally speaking at this point in the development cycle, the builders are holding these lots so they can build a beautiful $600-$800k home on it. It’s not likely that you would be able to go in and purchase a lot and bring your own builder.

Builders don’t make money on the lot sales. Typically the price you see is what they paid for it from the developer. The builder will make money on the actual home construction.

Bridgewater is located in the high demand Wayzata School District.

Medina Land for Sale for Future Housing Development – 6.31 Acres (johnmurphyreports.com)
Foxberry Farms Medina, MN – 30% Off From the Top of the Market in 2005-2006 (johnmurphyreports.com)
50% Off Medina MN Upper Bracket Homes (johnmurphyreports.com)

Hennepin County Lots and Land Sales 2011

John Murphy — Tue, 06 Dec 2011 12:43:02 +0000

As of the writing of this post, there have been 142 parcels and or lots that have sold and closed in Hennepin County so far this year (12-6-11). Prices have ranged from $4,000 to $2.2 million. If you’d like to see the list, please contact us.

Hennepin County Brownfields Grant Program Deadline Approaches

John Murphy — Sat, 03 Dec 2011 16:24:27 +0000

The City of Minneapolis, Hennepin County and the Met Council all have Brownfields programs. These programs provide grant money for property owners who would like to redevelop their property in the City of Minneapolis, but they suspect it may have environmental issues. Of course the site needs to be cleaned correctly before any new development can occur.

If you have a property that might need some clean up, the government does have funds available but you must get your application in quickly. New grants will be made February 2012, but in order to be considered for a grant in early 2012, you must complete the application within the next two weeks so that they have time to review it and make a decision. The deadline is December 14, 2011.

Plymouth City Council Meets to Finalize Guiding for Four Seasons Mall Wal-Mart Redevelopment Site

John Murphy — Sun, 20 Nov 2011 23:41:20 +0000

The Plymouth, MN City Council is set to meet this Tuesday, November 22, 2011 to put a final vote on the year long study which will guide the redevelopment of the Four Seasons Mall site which is owned by Wal-Mart. The meeting will be held at Plymouth City Hall at 3400 Plymouth Blvd. starting at 7pm.

Wal-Mart had purchased over a year ago. The city has completed its study of the site and has created a variety of plans and guidelines for the site. There have been open house meetings that the city has conducted to discuss various guiding options for redevelopment with concerned citizens.

Four Seasons Mall Plymouth MN

The Plymouth November/December newsletter has some information about the matter on page 2. There is also information available at the city’s web site as they have a specific page dedicated to the Four Seasons Mall Redevelopment.

Wal-Mart purchased this property one year ago for $10.6 million with hopes to build a new Wal-Mart and redevelop the site. It’s unclear how big the store would be that Wal-Mart was hoping to build at the site. According to Wal-Mart’s web site, their average store is 108,000 square feet. The City of Plymouth is proposing a retail store there no larger than 89,000 square feet.

The City of Plymouth has published an extensive amount of information at the Four Seasons Mall Redevelopment page but you will also want to make sure you check out the draft of the site concepts.

This vote will be an important one and will set the tone and direction for the redevelopment of the Four Seasons Mall site located at Highway 169 and Rockford Road on the east site of Plymouth.