Housing News at a Glance: Updates from Across Minnesota

Pulte Proposes Active Adult Community in Corcoran
Pulte has submitted a plan that would bring 393 detached villa townhomes to Corcoran. Pulte told Finance and Commerce that the community would be a high-amenity active adult product that serves homeowners 55 and older. The development would sit on 187 acres at the northwest corner of County Road 30 and Highway 101. The project will go before the Corcoran City Council on April 26. According to Brad Martens, the city administrator, if approved it would be the city’s second-largest residential development.

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Arden Hills Site One Step Closer to a Makeover
Ramsey County officials and Alatus, a Minneapolis-based architecture and design firm, announced in March that they had finished the preliminary development framework for the first 70-acre phase of what will be a five-phase redevelopment of the former Twin Cities Army Ammunition Plant in Arden Hills. Alatus, the master developer of the Rice Creek Commons development, hopes to break ground on 150 single-family homes, 250 multi-family apartments and 250 senior housing apartments by 2020. When complete, the 427-acre property could span 1,460 housing units, in addition to commercial development and a new town center by 2036.

Rochester City Council Approves Two Towers

The Rochester City Council voted in March to grant a conditional use permit for the multi-million-
dollar Bloom Riverfront development along the Zumbro River downtown. The 925,000-square-foot development would blend senior housing, condominiums, public spaces, retail, restaurants, parking and a five-star hotel. It would be the $5.6 billion Destination Medican Center’s largest project yet.

The shorter tower could get underway later this year and would include 215 units of senior living,
retail and parking. The second tower could break ground in 2020 and include 181 four- and five-star hotel rooms and suites, condominiums, retail space and parking.

Study Reveals High Cost for Single Family Housing in Duluth

According to market analysis by Maxfield Research & Consulting LLC, Duluth needed to add 150 single-family homes each year between 2014 and 2020, just to keep up with projected population growth. But according to the study Duluth reported just 31 new housing starts in 2014, and 45 in 2015.

New homes are not only in short supply in Duluth — they’re also relatively more expensive, compared to other cities in greater Minnesota. Duluth stands in particular contrast to Moorhead, where the average cost of a new home is 37 percent lower. The higher cost of housing in Duluth doesn’t correlate to its residents’ income. Moorhead’s median household income exceeds Duluth’s by 18 percent.

North Mankato Sees Increase in Townhome Development

North Mankato saw an uptick in townhouse developments, according to the city’s year-end report. The majority of the activity was in the northwest addition of the North Port Industrial Park. North Mankato issued six townhouse permits for 35 units in 2017. That’s compared to none in 2016 and only five permits in 2015 for 19 units. Community Development Director Mike Fischer told the Mankato Free Press that North Mankato will likely see even more economic growth in 2018, based on the number of projects planned this year.