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Narrative_Minnewashta Apts_2025-07-11 Minnewashta Apartments Submittal Narrative Proposal Headwaters Development is proposing a development of a vacant site (the “Site”) located at 6440 Hazeltine Blvd. The redevelopment will consist of the new construction of a 44-unit apartment complex. As part of the project, we propose to collaborate closely with the Trouvaille Memory Care facility as well as the City of Chanhassen to provide improved stormwater management for areas offsite. Site Location The Site is bordered by Hazeltine Blvd. to the east, Trouvaille Memory Care and a few single family homes to the north, Lake Minnewashta Regional Park on the east, and Herman Field Park on the western boundary. Zoning and Land Use The Site is approximately 5.51 acres. The present zoning is RSF, and the present land use designation has the property guided Residential Medium Density, which allows for 4-8 units per acre. The Residential Medium Density guidance allows for up to 44 units by right. We request a zoning change to the R-8 Zoning designation to facilitate this project. Site Design The design of the Site allows for separation from the existing neighborhood single-family homes. The proposed access to the Site would be from Hazeltine Boulevard. Due to the dynamic nature of the access given the future roundabout proposed for the intersection as well as the forthcoming detours due to the MN-5 project, our traffic consultant will be providing data which demonstrates options for interim and permanent traffic solutions. The Project will adhere to all landscaping requirements, allowing it to blend seamlessly into its surroundings and the existing neighborhood. New stormwater ponding will be constructed on the western portion of the site – the natural low spot. This ponding will serve the Project, as well as treat additional city stormwater from offsite areas which is currently being released untreated into the municipal storm system. Project Description Once completed the Project will contain forty-four (44) total units. 2 The newly constructed building, as currently contemplated, will contain a unit mix comprised of 17 one-bedroom units, 22 two-bedroom units, and 5 three-bedroom units. The following tables better illustrate the overall Project unit count and mix. Proposed Building Units Avg. SF One Bedroom Units 17 704 SF Two Bedroom Units 22 1,037 SF Three Bedroom Units 5 1,307 SF Total Units 44 Parking and Amenities Interior flnishes will include hard surface countertops, hard-surface fiooring except for carpet in the bedrooms and quality lighting and plumbing flxtures. Most, if not all, units will have private balconies, and all homes will have in-unit washer/dryers. Once complete each resident will have access to at least one enclosed garage stall. Overall, the project will contain a total of 88 parking stalls, or 2 stalls per unit. Trash will be collected within the building footprint. It will be set out on the designated trash day and the empty containers will be returned to the parking garage after collection. The new building will include shared amenity spaces for all Project residents to enjoy, including a sky lounge, outdoor patio and grilling stations, dog spa, and a pet play area. A connection to the existing city trail system will also be constructed as part of the Project. Architectural Design Exterior materials will be of high quality and durable, consisting of glass, wood or other quality materials as deemed acceptable by the city. The roof will be fiat. Landscaping will meet or exceed the code, and signage will comply with the sign ordinance for residential districts. Sustainability The project will utilize many green building methods during construction and the Project itself will include low fiow plumbing flxtures, low VOC paints, LED lighting where appropriate. 3 Financing and Public Benefit The proposed Project will not require direct flnancial assistance from the City of Chanhassen. Being said, we are working diligently with City staff to provide maximum public beneflt, speciflcally utilizing our ability to oversize our stormwater management system to handle offsite runoff currently not being treated at all from neighboring properties. We will be looking to offset the additional costs for providing this infrastructure with potential fee impact fee reductions as appropriate. We will continue working with staff to quantify and flnalize the costs and beneflt. Phasing and Construction Schedule It is anticipated that the project will commence construction Q4 2025. Initial activities will include site clearing, installation of utilities and infrastructure, rough grading and excavation, and then vertical construction. It is anticipated that the entire duration of construction will be approximately fourteen (14) months. Development Method Headwaters intends to develop and own the project upon completion. Based in the Twin- Cities, the principals of Headwaters have a successful track record of development, acquisition, and rehabilitation, of over 5,000 units translating to over $2 billion worth of projects spanning the Midwest, Central Plains, and Mountain West regions of the United States.