Commercial development planning begins along light-rail line 

Businesses and commercial developers around Minnesota are always looking for the next popular location to build. Part of a business’s or development’s success is tied to its location. Without the right location, a business might never become successful. For many developments, easy access to major roadways and transit hubs is extremely important. This makes the location easier to get to and more desirable for many.

Many hope that the new Southwest light-rail line — planned between Minneapolis and Eden Prairie — will spur new residential and commercial real estate development. Cities along the line hope that the rail line will bring new residents into the area who want to be close to an easy transit option. Therefore, many cities are starting to plan for a redevelopment around the area where the light-rail will eventually be.

In particular, the city of Hopkins has started planning for development around the Blake Road light-rail station. This station, near Excelsior Boulevard, the city hopes will be a new gateway into Hopkins. In preparation for the light-rail station and new development, the city is undertaking a renovation of Cottageville Park. In the $2 million project, the park will become more visible to the area surrounding the future light-rail station.

Additionally, the city has planned for a series of design workshops. In these workshops, the city hopes to get a better understanding about what residents would like to see happen with the area. The city is hoping for an increase in apartment buildings and walkable amenities that are attractive to light-rail users.  The proposals created in these workshops could eventually make their way to the Hopkins Planning Commission and City Council.

Commercial real estate development is a lengthy and complicated process. There are many legal steps to get through before construction can even begin. Developers, local residents and businesses should understand these complexities as they begin construction along the new light-rail line.

Star Tribune, “Hopkins invites residents to help plan development around Blake Road transit station,” John Reinan, March 31, 2015 

Image Source: TypePad.com