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Edina HRA names preferred team to redevelop vacant Eden Avenue public worksite
Summary
The Edina Housing and Redevelopment Authority voted to recommend a development team led by Hempel Real Estate to the City Council and authorized staff to prepare a sale agreement for the 3-acre site at 5146 Eden Avenue, including a plan that would include missing-middle for-sale housing with 10% of units affordable to 80% AMI.
The Edina Housing and Redevelopment Authority voted Thursday to recommend a development team led by Hempel Real Estate, working with Monarch Development Partners, Jester Concepts and Rokos Advisors, as the preferred buyer to redevelop the vacant former public worksite at 5146 Eden Avenue.
Economic Development Manager Bill Neuendorf told commissioners the HRA had received 11 proposals this year and invited five finalists to present in July. “We'd be looking for your recommendation to identify that team, and that's what we're prepared to do this morning,” Neuendorf said, presenting a concept focused on missing-middle for-sale housing — townhomes and condominiums — plus street-level commercial space and public outdoor areas.
The recommendation matters because the HRA recently transferred ownership of the land to the city; the City Council…
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