Plymouth, Minn. – This week, the Minnesota Department of Employment and Economic Development announced a redevelopment award to the City of Plymouth for $775,000 for abatement, demolition, and public infrastructure improvements to the 16.29-acre Four Seasons Mall Site.
“State and local partnerships are critically important to make the most efficient use of our publicly owned land,” said Rep. Ginny Klevorn (DFL-Plymouth). “I’m excited about this opportunity which will bring good jobs and housing to our community, improve public transit infrastructure, and increase our local tax base in Plymouth.”
The site will be redeveloped into a three-story, publicly owned park-and-ride; a six-story, 192-unit mixed-income apartment building; two retail buildings totaling 17,500 square feet; a two-story, 32,000 square foot office building; and a 220-unit apartment building. The project is anticipated to create 72 jobs, retain 60 jobs, increase the tax base by $1,496,234, and leverage $131.6 million of private investment. Matching funds will be provided by the developer and other grant sources.
The site was one of five projects in the August round of DEED’s Redevelopment Grant Program, which helps communities with the costs of redeveloping blighted industrial, residential, or commercial sites and putting land back into productive use.