325 Blake Road Development

Project Background

The City of Hopkins and the Minnehaha Creek Watershed District (MCWD) selected Alatus, LLC as the development partner to lead a transformative redevelopment of approximately 13 acres of the 17-acre site at 325 Blake Road. MCWD will retain approximately four acres of the site for restoration, including stormwater treatment and public natural space.

In December 2021, the City Council approved Alatus, LLC's rezoning, planned unit development (PUD), subdivision and site plan applications to redevelop a portion of the site at 325 Blake Road, located at the southeast corner of Lake Street and Blake Road. In June 2022, the City Council approved an amendment to the PUD for Building A.

The project includes a phased development consisting of 833 units of varying types of housing, approximately 18,000 total square feet of retail and commercial use pads, and public and private realm infrastructure that ties into the stormwater improvements and expansion of the Minnehaha Creek Greenway on the site by the Minnehaha Creek Watershed District. 

The City Council approved the site plans for Buildings A, B, C, and D. Separate site plan review will be required for the 9,000 square feet of commercial use pads and townhomes prior to their construction at a future time.

• Building A: Six-story, 116-unit affordable building (30 to 60 percent area median income (AMI) rental and income restricted units) with 75 underground parking stalls
• Building B: Five-story, 112-unit for-sale senior co-op development with 184 underground parking stalls 
• Building C: 14-story, 214-unit multi-family market-rate development with approximately 15% of the units being designate as hotel units; a 5-story, 175-unit multi-family market-rate development; 9,000 square feet of commercial space; and 520 above-ground parking stalls 
• Building D: Five-story, 187-unit multi-family mixed income development with 277 above-ground parking stalls; some stalls will be available for flexible commercial space parking.
• Townhomes: Three-story, 33-unit townhome units with variable pricing; 66 attached garage parking stalls
• Commercial use pads: two restaurant pads totaling approximately 9,000 square feet

Alatus broke ground on the construction of Building A in September, 2022 with an estimated completion date in December 2023.