The Joint Development Authority announced today it is seeking a master developer for Rice Creek Commons, a 427-acre prime redevelopment opportunity in the Minneapolis-Saint Paul metropolitan area. The Joint Development Authority, which consists of elected officials from Ramsey County and the City of Arden Hills, oversees the redevelopment of Rice Creek Commons.
The selected firm will help guide the overall residential and commercial development of the Rice Creek Commons site, an area large enough to fit all of downtown Saint Paul with room to spare. Located in Arden Hills, Minnesota, Rice Creek Commons is only 10 miles from both the Minneapolis and Saint Paul downtowns. When it is redeveloped, it will be home and workplace to thousands of families.
Soil remediation to residential standards was completed in November and will be verified by the Minnesota Pollution Control Agency (MPCA) through its Voluntary Investigation and Cleanup (VIC) program and the Environmental Protection Agency (EPA). Site development could begin as soon as 2017. Solicitation for a master developer opens February 1. Responses are due on March 9.
Large industrial sites that are revitalized for mixed uses often seek master developers to ensure cohesive, effective strategies that put the sites to their best and highest use. For example, the City of Edina used a master developer to redevelop Centennial Lakes. A former gravel pit, the 100-acre site was redeveloped by United Properties in 1988, and today includes a dynamic collection of class A office space, retailers, residential homes, and a movie theater.
“Rich in history, Rice Creek Commons represents the most substantial opportunity in recent years to return a significant area to its status as an economic and social engine after decades of inactivity,” said Matt Kramer, president of the Saint Paul Area Chamber of Commerce. “We are excited that Ramsey County and the City of Arden Hills are taking this crucial next step in creating a vibrant development that will strengthen our community.”
About Rice Creek Commons
Rice Creek Commons is a 427-acre development at the former Twin Cities Army Ammunition Plant in Arden Hills. In April 2013, Ramsey County purchased the site, which was the largest superfund site in the state. Work to clean the site to residential standards was completed in November 2015 and will be verified by the Minnesota Pollution Control Agency and the Environmental Protection Agency in spring 2016. The redevelopment will include a mix of residential, commercial, and open spaces. When completed, the project will create thousands of jobs and generate millions of dollars annually in county and state property taxes. More information is available at RiceCreekCommons.com.