|USE:||Mixed-Use Master-Planned Community|
|SIZE:||427 Acres; 1460 homes, 250k+ sq ft retail, 550k+ sq ft office/flex, 750k+ sq ft corporate campus, 70+ acres green space|
|EST. VALUE:||$750+ Million|
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The Arden Hills Master Development project (called Rice Creek Commons (RCC)) is the premier infill development site in the Minneapolis / Saint Paul metropolitan region. RCC is a shovel-ready, 427-acre property with extraordinary potential to deliver a world-class destination that is dynamic, economically strong, well-designed, and appropriately dense and diverse for long-term growth and stability. RCC will become a welcoming, thoughtfully crafted community that revitalizes the greater region to which it is connected and delights current and future generations.
Rice Creek Commons is currently the largest development opportunity available in the Upper Midwest, and is one of the last large-scale redevelopment opportunities in close proximity to the Twin Cities. Ideally-located at the intersections of HWY 10, HWY 35, and County Road 96, RCC is only 15 minutes from both downtown Minneapolis and downtown Saint Paul. Considerable time, energy and funding has already been invested in preparation for this development – several major infrastructure improvements and connections into the site are currently underway or recently completed to ensure seamless public access into the site is available from day one. Along with over 70 acres of green spaces and 3+ miles of trails woven throughout the plan, the site is further connected and integrated into surrounding communities through a nationally recognized park system and network of 240+ miles of trails and waterways.
Once redeveloped, RCC will be home to over 1,500 new residents and will create thousands of new high-paying jobs. As Master Developer, Alatus is guiding the overall design and development of site and has teamed with several regional and national experts to draw on the best and brightest real estate talent to creatively meet the high expectations and goals of this project. Locally renown team members include Inland Development Partners and Tradition Development Corporation. This master development team envisions an authentic recreation-oriented destination that integrates naturally into the local fabric and creates a sense of place and “heart” for the existing area. Focused around a new Town Center, the site features a thoughtful mix of indoor and outdoor recreation areas, unique restaurants and retail, modern offices and commercial spaces, and open, walkable civic spaces – all within walking distance of diverse housing options to fit every lifestyle.
Valued at $700 Million+ once complete, the Arden Hills Master Plan goes far beyond just “building buildings” – it is an endeavor to redefine living for the 21st century by embracing the best aspects of both suburban and urban design.