The long-anticipated redevelopment of properties along University Avenue NE could get closer Monday, when the Fridley City Council considers rezoning 10 properties as a redevelopment district.
The City of Fridley Housing and Redevelopment Authority (HRA) began buying commercial properties on the east side of University Avenue NE from 58th to 61st avenues NE in 2006.
Redevelopment at the "Gateway Northeast" site has lagged through the recent recession, but the application to rezone the properties from C-2 (commercial) to S-2 (redevelopment district) zoning contains some encouraging words:
Over the past few months there has been interest from three different parties wanting to purchase all or at least portions of the property for redevelopment. As a result, City Planning staff and the petitioner decided it would be beneficial to have the properties rezoned from a commercial zoning to the redevelopment district to give the potential buyer/development more flexibility when designing a project. Because the properties are within the Transit Oriented Overlay District (TOD), any potential project will need to be reviewed and approved by the Planning Commission and the City Council for a TOD Master Plan as well as a S‐2 Master Plan.
Details about the project and the proposed rezoning begin at page 54 of the Nov. 5, 2012 Fridley City Council agenda (see PDF).
Fridley City Council meetings start at 7:30 p.m. in the council chambers at Fridley City Hall. They are open to the public and also available for viewing live or replayed on cable TV and online on archived video replay.
The council will gather for a special meeting at 4:30 p.m. Monday related to replacing at the end of the year.
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