7001 France Avenue Redevelopment

Description

Developers of the vacant 5.8-acre site at 70th and France presented a revised financing plan: no $17 million TIF note, a phased parking garage, and HRA leasing of the garage paid with tax increment. No formal action was requested at this meeting.

Impact summary

If it moves forward, the corner would gain a Class A office building with roughly 600 jobs, ground-floor retail, and eventually a residential or hospitality use — but the city would own a parking garage whose public benefit some commissioners questioned.

Applicant

Name

Mortenson Development (dba MDI France Ave, LLC) and Orion Investments

Address

7001 France Avenue, Edina, MN