Saint Louis Park initiates $147M BeltLine Station redevelopment with Sherman Associates

In a pivotal St. Louis Park City Council meeting held on May 19, 2025, city officials discussed the ambitious BeltLine Station redevelopment project, a multifaceted initiative poised to reshape the community. The project, which spans 6.6 acres at the intersection of County State Aid Highway 25 and Beltline Boulevard, aims to integrate market-rate and affordable housing, commercial spaces, and a parking ramp designed to support the nearby Green Line light rail station.

The redevelopment, spearheaded by Sherman Associates, is projected to cost approximately $147.5 million and will introduce 380 residential units, including 82 affordable units catering to various income levels. This significant investment is expected to enhance the local tax base and attract new residents and businesses, creating a vibrant focal point for the area.

However, the project is not without its challenges. City officials highlighted the complexities of the site, which include environmental concerns such as wetlands, a high water table, and existing contamination. These factors necessitate extensive site preparation and utility relocations, which have contributed to delays and increased costs.

A key aspect of the discussion centered around the project's timeline. The construction of the parking ramp, which will provide 268 park-and-ride stalls, must be completed three months before the anticipated opening of the Green Line extension in 2027. Additionally, a federal congestion mitigation grant requires certain expenditures to be made by March 2026, underscoring the urgency of moving forward with the project.

City officials also addressed the financial structure of the redevelopment, which includes a mix of tax increment financing (TIF) and an affordable housing trust fund loan. The TIF agreement remains largely unchanged, although the present value has decreased slightly. The council discussed the implications of these financial arrangements, including a proposed in-lieu fee of $5.2 million, which would be triggered if the affordable housing component does not commence construction within two years.

As the meeting progressed, council members expressed their support for the project, emphasizing its alignment with the city’s strategic goals and comprehensive plan. The redevelopment is seen as a vital step toward enhancing community connectivity and sustainability, with features designed to promote walkability and environmental responsibility.

In conclusion, the BeltLine Station redevelopment represents a significant opportunity for St. Louis Park, promising to transform the area while addressing critical housing needs. As the city moves forward, the council's commitment to oversight and community engagement will be essential in navigating the complexities of this ambitious project.