File Number: 16-01130

Exclusive negotiating rights for City-owned property: 205 Park Ave S

  1. Awarding exclusive negotiating rights to Sherman Associates for the purchase and development of the City-owned property at 205 Park Ave S for a period of six months, as described herein.
  2. Awarding exclusive negotiating rights to Grand Real Estate Advisors, potentially, for the purchase and development of the City-owned property at 205 Park Ave S for a period of six months if the exclusive negotiating rights period with Sherman Associates expires without a City Council approved term sheet.
  3. Authorizing staff to negotiate redevelopment contract terms and, upon successful negotiations, return for further City Council review and approvals.
     

Originating Department: Community Planning & Economic Development

Supporting Documents:

Related Files:

Legislative History:

Aug. 15, 2016: CDRS Agenda

Aug. 15, 2016: CDRS Committee Report

Aug. 19, 2016: City Council Agenda

Aug. 19, 2016: Official Proceedings

Aug. 23, 2016: Official Act

Submit written comments about this item to: councilcomment@minneapolismn.gov.

Last updated Aug 29, 2016

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