Project Overview
Mortenson, in partnership with SLP Park Ventures LLC is proposing a new multifamily housing development in the Shelard Park Neighborhood of St. Louis Park on two primary parcels that have long stood vacant and undeveloped at 9920 and 9808 Wayzata Blvd. The proposed housing development will also include two City of St. Louis Park EDA owned parcels identified as Southerly Parcel and Easterly Parcel. The proposed housing development plans include 233 residential units with 20% of the units planned to be offered at 50% AMI as part of a Housing TIF District. The proposed housing development will help to advance the City of St. Louis Park's Vision 3.0 by developing creative housing solutions while reinforcing the Vision's Five Core Values. The proposed housing concept will bring a diverse, vibrant and highly visible housing offering to the Shelard Park Neighborhood.
Resources
Questions, Comments, or Concerns?
Project Summary
The proposed new multifamily housing development will advance many of the City's Strategic Priorities and our approach is addressed below or within this Site Plan Study Session Package as indicated:
St. Louis Park 2040 Comprehensive Plan - The proposed development provides a broad range of housing via the affordability levels proposed, creates an inclusive and livable community, meets or exceeds sustainability goals for comparable developments, and provides a variety of mobility options.
St. Louis Park Inclusionary Housing Policy - Affordability levels for the proposed development will exceed the inclusionary housing policy guidelines to provide 'at least (10%) of the units shall be affordable for households at (50%) AMI' as indicated above by establishing a Housing TIF District as part of the Comprehensive Plan Amendment and PUD Amendment process.
St. Louis Park Vision 3.0 - The proposed development supports The Five Values and Recommendations included within the St. Louis Park Vision 3.0 and we look forward to working with the City to achieve this vision.
St. Louis Park Green Building Policy - We are aware of the Cities Green Building Policy, requirements based on proposed land use and will work with the City on how best we can advance the Cities Sustainability Goals. Please refer to the attached sustainability approach narrative from Mortenson's Director of Building Performance.
St. Louis Park Climate Action Plan - We are aware of the Cities Climate Action Plan and the associated goals. We will work with the City on how best we can advance the Cities Sustainability Goals. Please refer to the attached sustainability approach narrative from Mortenson's Director of Building Performance.
St. Louis Park Public Art - We understand that the City of St. Louis Park is dedicated to the integration of Arts & Culture into the fabric of the community and look forward to working with the City on how best we can engage. Our site plan currently includes an area for a future public art element to be provided by the City. We've chosen a highly visible location between Wayzata Blvd and the proposed development.
St. Louis Park Building Readiness Ordinance - We are aware of Article VIII Broadband Readiness Ordinance of which the general requirements included in Section 6-243 shall take effect with any building permit issued after January 1, 2019.
Parking Summary
The proposed development concept includes 236 parking stalls and 233 units. Of the 236 parking stalls, 109 spaces are located within the enclosed podium and 127 spaces are allocated via surface parking.
Parking Ratio per Unit is 1:1
Parking Ratio per Bed is 0.9:1
Traffic / Trip Generation Summary
City of St. Louis Park Staff analysis of traffic generation from the proposed project shows fewer trips from the new proposal (one apartment building) than the project that was previously approved (apartment + hotel). Based on this analysis, we understand that additional traffic studies will not be required.