City officials would like to see high-density development around a station for the proposed Hiawatha Avenue light-rail line at East Lake Street and Hiawatha Avenue. To accomplish this, the city would like to raze the Hi-Lake shopping center - through eminent domain, if necessary. The 130,000 sf center has about 15 businesses, including a discount store called Savers.
The redevelopment plan, which has a $14.5 million budget, calls for the city to buy the land, and make way for a project that could add 1,000 housing units and 30,000 sf of retail on the site. Some nearby residents want the current businesses to remain. The City Planning Commission will have a public hearing on the issue is expected Sept. 25.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.