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Woodlake Plaza Redevelopers to Break Ground Next Week

The redevelopment of the northern Lyndale Corridor begins.

After nearly three years of planning, designing and dealing with financing woes, Michael Development Inc. and St. Croix Real Estate announced they are breaking ground on the 94-unit apartment complex project at a ceremony at noon Oct. 19, 2011.

, is a 2.5-acre project designed by award-winning architectural firm, Collage Architects, according to a press release. In addition to the apartment complex, the finished product will include a transit plaza for commuters, pedestrian lighting, benches, large areas of green space and underground parking for tenants and surface parking for guests. The interior of the apartments will feature 9-foot ceilings, Energy Star appliances, in-unit washers and dryers and granite countertops. Nineteen of the 94 units will be reserved for affordable housing.

and also received a transit grant in 2010. and also approved the use of tax increment financing (TIF).

“We are grateful for the support of many public entities that worked cooperative to bring this project to Richfield,” Terry McNellis, a principal at St. Croix Real Estate, said in the release. “The City of Richfield was instrumental in this redevelopment project.”

Woodlake Richfield Apartments, LLC—an entity formed by Michael Development Inc. and St. Croix Real Estate—will manage the project. Apple Valley-based Stonebridge Communities is the general contractor on the project. The project is scheduled to be completed in the fall of 2012.

Elsbeth November 30, 2011 at 03:16 PM
Caitlin, Do you have any additional information about if the new apartment building will have a fitness room or swimming pool? I guess with the LA fitness near by it may not matter, but I have a small daughter and want to stay in apartments in the Edina/Richfield area, but I don't want a gym membership. We live in Minnesota, I think an indoor pool is kinda important, could you find out? Also by transit station, do they mean for buses or the light rail? Thanks for all your awesome coverage of what's going on Catlin, you do a great job!
C Palmer April 11, 2012 at 07:11 PM
Im wondering if there are any talks of upgrading the apartments between 65 - 62 on Pleasant. I live across the street from them and continually see police cars and what looks to be illegal activity going on over there.
Caitlin Burgess April 11, 2012 at 07:32 PM
@C Palmer: You're not the only one to ask about those buildings. As far as I know there aren't any plans, as they are the responsibility of those who own them and not the city. Obviously there are codes and such that need to be enforced at the city level, but I don't think the city can make anyone do "upgrades" to infrastructure.
Jeff April 11, 2012 at 08:06 PM
I think the apartments on Lyndale between 63rd -64th need updating too. Too much crime goes on around there. I dont see how people would want to move to the nice new aparments being built across the street if these buildings remain!
Caitlin Burgess April 11, 2012 at 11:26 PM
I agree they need updating, but I don't think the crime in that area is a direct result of the apartments. Of course there is evidence in area of high density there is generally more crime, however, I think we should also take into consideration that that area is a major connector with bus lines, the freeway entrances and, well. I don't think the vacant garden center helps things much. But hopefully that will change soon too!

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