CA Ventures project presentation for high-density, mixed use building at 407 15th Avenue SE, 1428 5th Street SE, 1413-1417 4th Street SE, 1412 5th Street SE, and 1400-1402 5th Street SE (impacted businesses include McDonald's, Pagoda, Five Guys, India Kitchen, Dinkytown Wine & Spirits, Subway, Pizza Hut and a branch of TCF Bank)
Information provided by the developer:
The proposed development is 6 stories high on 4th Street and 7 stories high on 5th Street, reflecting the natural grade of the site. It is approximately 484,000 gross square feet and has an FAR of 4.50. 300 units are planned, along with 277 enclosed parking spaces and 30,000 square feet of retail surrounding the ground floor. The target market will be students. The main housing entrance is in the center along 15th Avenue. Retail is incorporated at the street fronts on all major sides. The building will be constructed of concrete at the retail, the housing lobbies, and the parking. A majority of the housing will be constructed of wood frame construction.
Planned Land Use Applications:
Rezone to C3A from C1 & C2 to create continuous zoning
Conditional Use Permit for the PUD
FAR Variance from 4.32 to 4.5 (Base FAR in C3A – 2.7, 20% bonus for enclosed parking (+.54) and mixed use (+.54) and a 20% PUD alternative (+.54))
Non-Conforming Use Alteration – Return of McDonalds Restaurant to the new development
Site Plan Review
Additional applications may be required, depending on the plans that the applicant formally submits.
Everyone is welcome to attend our meetings. All Marcy-Holmes Neighborhood Association meetings are open to the public. Please contact MHNA Executive Director, Chris Lautenschlager, if you have any questions or concerns: chris@marcy-holmes.org or 612.623.7633
