[Mpls] A plan for revitalizing Hi-Lake/Redevelopment of Lake Street contiunes

[Shawn Lewis]

Wow!!!!


St. Paul-based Wellington will announce later this week 
that it has bought the center at Lake St. and Hiawatha 
Av. S. from the Erling E. Rice Limited Partnership. The 
price was $6.5 million. Wellington plans an initial 
$3 million renovation that will begin in October and 
is expected to be completed by April.

The renovation will include a new center facade, landscaping 
and lighting. Other planned improvements include a newly 
landscaped and lighted path from Lake Street through a 
parking lot that will make the center more accessible to light-rail riders.

As part of the development, an Aldi grocery store is 
expected to be built on the corner of Lake St. 
and 21st Av. S., the site of a former Burger King that 
burned down a few years ago. Aldi is a German discount 
chain that features its own private-label foods, along with bakery and deli items.

Wellington also hopes to add 100 units of multi-story 
housing, with construction starting as early as the 
middle of next year. With the housing, the project would 
have a value of about $25 million, Bell said.

http://www.startribune.com/stories/535/4986810.html

Posted by Shawn Lewis, Field Neighborhood


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