Potential Port Riverwalk Housing Development
The City Council has directed City staff to begin negotiating a development proposal with The Beard Group and Centra Homes for the City-owned land on the south side of Coon Rapids Boulevard generally between Egret Boulevard and Avocet Street. The potential project will likely include market rate apartments, for-sale detached townhouses, and additional land reserved for retail. The apartments would be amenity-rich and more contemporary and different from other apartment offerings in the City.
The City’s Housing and Redevelopment Authority (HRA) had purchased the property, demolished older buildings, and cleaned up contamination several years ago. A previous development proposal for the site never materialized and the City’s agreement with that developer was terminated in 2014. As details of a potential project are worked out, there will be several opportunities for input from the public.