Key land purposes

Key land purposes

The purposes served by this development will meet a range of community and University needs.

Ground level retail space: The concept plan provides the opportunity to create a vibrant and safe first floor with amenities that will include a robust mix of retail, culture, dining, and other uses designed to create an active pedestrian experience.

Hospitality and event space: One of the most articulated desires, as expressed both inside the University and in the community, is hotel and hospitality space that ideally includes meeting and event space proximity.

Commercial spaces: These will attract legacy Minnesota industries as well as incubator, innovation, and research start-ups. It is currently envisioned that this land purpose could comprise one-third to one-half of the total project development space. This segment of the project is what sets it apart from other mixed-use redevelopments. The commercial space will be centered around innovation in biotechnology and life sciences, supporting partnerships between the University and the private sector to meet mutual goals of launching and growing new ideas in the region.

Multifamily residential space: The direction of multifamily residential is not finalized, with the exception of an expectation that it will add to the diversity of the housing stock in the immediate area and will not be targeted toward undergraduate students. It may be ownership or rental, and ideally will incorporate a range of affordability levels, household sizes, and ages.