Snags delay development of ‘gateway’ to downtown Northfield By Sarah Lemagie
A change in plans, a slower housing market and other complications have delayed plans for artists’ housing, condos and commercial developments.
…the ongoing cooldown in the housing market, particularly for condos, has prompted Mendota Homes to consider new alternatives for the second residential building. The developer had considered putting in a hotel instead of condos, but that idea “is off the table,” said Erin Mathern, development director with Mendota Homes. “I think that luxury rental is probably at the top of our list for that second building,” she said.
For the NDDC, not having land may mean a significant setback for the $6.5 million artists’ building envisioned at the southeast corner of the intersection. Without a site, the group can’t apply for aid that would allow private investors to help pay for construction in return for tax credits. The state’s application deadline for the program is June 19.