Thursday, November 15, 2012
The site developers are hosting its Winter Market & Festival of Lights Dec. 1.
Editor's Note: The following is a press release from The Cornerstone Group. A flier has also been attached as a PDF. Richfield residents will have the opportunity to enjoy a new holiday celebration this year at Lyndale Gardens, on Saturday December 1 from 4-8 p.m. The event will feature 20 local arts and crafts vendors, a live acoustic performance by the Hummingbirds, food trucks, bonfires with free s’more roasting, and an appearance by Santa. The Cornerstone Group is hosting the event, working with the Musicant Group and Do Town, to continue to build activity at the former garden center site at 64th and Lyndale. “We are not only interested in building a new development, we are interested in building community and creating a safe and …
Friday, October 12, 2012
The city received $100,000 for cleanup.
Thursday, August 16, 2012
The plans were shown during a community event Thursday evening.
For roughly 16 months, residents have been waiting to catch a glimpse of the future Lyndale Garden Center property. Finally, during a community event with the Richfield Farmers Market Thursday evening, The Cornerstone Group unveiled initial renderings of the future downtown Richfield center. "We're still very much in the design and planning part of the process," Colleen Carey, president of the development firm, told Richfield Patch. "It's not a done deal yet." Thursday's event was a chance for the Carey and her development team to showcase their current concept for the site. The event was also aimed to gather more input and feedback. "We want input and we welcome input," Carey said. "We want [the center] to be a place where people want to …
Developers are teaming up with the Richfield Farmers Market from 4-8 p.m. Thursday night for a community event with music, food, activities, and of course, to show initial design plans for the site.
Wednesday, August 8, 2012
The housing complex is currently under construction.
Follow Richfield Patch on Twitter | Like us on Facebook | Sign up for our daily newsletter After breaking ground in mid-October 2011, it looks as if Lyndale Plaza will be set to go for its first tenants Nov. 1, 2012. Lyndale Plaza is taking the place of the former Woodlake Plaza strip mall, located directly across the street from the Lyndale Garden Center site on Lyndale Avenue. According to Christine Tsang, an account executive with Henry Schafer (the public relations firm handling the development), tenant applications are now being taken for a Nov. 1 move-in date. In addition, for those interested in checking out what a prospective apartment home will look like, a model opened Aug. 1. In previous statements, developers said the …
Thursday, July 26, 2012
The Cornerstone Group is in the process of finalizing redevelopment plans for the site.
Editor's Note: The following is a The Cornerstone Group press release. Activity is already happening at the former Lyndale Garden Center site at 64th and Lyndale! The new owner and developer of the site, The Cornerstone Group, will be hosting a community event for Richfield area residents on Aug. 16 from 4-8 p.m. Partnering with the City of Richfield Farmers Market, the event will include farmers market vendors, a bouncy castle for kids, live music, and food vendors. Plus, community members will get a chance to view and provide feedback on the latest plans for redevelopment of the site into a new town center called Lyndale Gardens. Redevelopment plans include connecting Lyndale Avenue to trails at Richfield Lake Park, building …
Tuesday, June 5, 2012
A recent Finance & Commerce article states the city is losing $500,000, however, developer Colleen Carey says the article is full of inaccuracies.
It’s no secret the Kensington Park development went into foreclosure in June 2011. However, a recent city memo and Finance & Commerce article have stirred up debate on whether this has resulted in a financial loss for the city of Richfield. Truth be told, the city won’t know if it has suffered financially on the project until the end of the tax increment financing (TIF) district in 2026. However, there is no reason to think the city won’t recoup the $1.1 million it invested as TIF to facilitate the development, according to Richfield Community Development Director John Stark and property developer Colleen Carey. “The repayment of the loan is from the TIF received by the project; no matter who owns the property,” Carey said. “The city has …
Wednesday, March 7, 2012
Richfield residents have been calling, sending letters and e-mails to city staff and officials, in hopes of stopping the Pillsbury Commons development proposal as it is.
Editor's Note: The following is a letter sent by Richfield resident Bob Olson to Richfield city staff, council members and local media editors. The Pillsbury Commons development project has become a great controversy among neighbors, who have a wide variety of concerns. Many letters have been written to city staff and council members. The following is an example of those those letters, sent to staff and editors Monday. Dear Mayor Goettel, Richfield City Council and Richfield Commission Members: Since the Pillsbury Commons issue has arisen I have become increasingly concerned with what seems to be a rush by our city to comply with the Affordable Housing Need Allocation developed by the Metropolitan Council as part of the “Summary Report: …
Tuesday, March 6, 2012
The Cornerstone Group’s president addresses the affordable housing component for the Lyndale Garden Center development project.
After announcing Minnesota Life College would not occupy one of the new buildings proposed for the Lyndale Garden Center development, The Cornerstone Group has recently caught some flack for “revealing” the housing portion of that building would’ve been 100 percent affordable. “We have always said that we were going to have affordable housing in this project,” Carey said. “And as we went through talks with [Minnesota Life College] they felt the tax credit option would be the most beneficial for them. It was no secret. … There was no bait and switch here.” Currently, plans stand to rehabilitate the existing garden center building, build two mixed-income housing complexes at the back of the lot, as well as move forward with the building that…
Thursday, March 1, 2012
The Cornerstone Group is still committed to affordable housing.
*A natural foods grocery store and the possibility of a Fratallone's Ace Hardware store and restaurant were among the prospective tenants discussed for the Lyndale Garden Center site Tuesday night. *While Council Member Fred Wroge asserted he knew the hardware store chain was committing to the project, Colleen Carey, president of The Cornerstone Group development firm, was unable to confirm the rumor. Carey told Patch and audience members any prospective tenants were working with the firm under a confidentiality agreement and names of tenants will not be released until after a lease had been signed. Few other details emerged Tuesday night at a special work session conducted jointly by Richfield's City Council, Planning Commission and …