GS Land, LLC has proposed at 44 single-family home development with a two phase construction process near Nowthen Boulevard and Alpine Drive. The development received a preliminary approval on May 12th from the Ramsey City council.
The Construction Phases
The first phase of the development will include 32 homes, which will be constructed later this year. After these homes are constructed, the second phase won't come until 2016. The second phase will include 12 more homes after a new Fire Station has been constructed in place of the current station, which will be demolished.
The 21.5-acre site has been up for sale by the city for a few years now. They have wanted to sell it since 2006, when the Ramsey Municipal Center was relocated. The council had two original ideas, which were a data center or residential.
NIK Management Group struck a deal with the city in January to buy the property for $929,000. The city had listed the property for $860,000 and now GS Land, LLC will buy the property with closing happening in June of 2015 and 2016. The terms will be the same for the property.
Access from Nowthen Boulevard
The major point of discussion at the council meeting was access from Nowthen Boulevard, which exists to the former municipal center site and some of the area homes. However, that access will go away once the second housing development's second phase begins.
The current access is a temporary easement the city would give for the purchase of the property. Since it doesn't line up with any road on the west side, construction of new access will be necessary and could run between $500,000 and $750,000.
If all goes as planned, this project will move forward and will be completed in 2016.
Kris Lindahl Real Estate