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Joint Development Authority selects Alatus LLC as Rice Creek Commons master developer

The Joint Development Authority voted 5-0 tonight to select Alatus LLC as the master developer for Rice Creek Commons, the 427-acre site of the former Twin Cities Army Ammunition Plant. The Joint Development Authority, which consists of elected officials from Ramsey County and the City of Arden Hills, oversees the redevelopment of Rice Creek Commons. “We are privileged to have some of the best developers in the country located in our backyard, and they really brought their A-game to this process,” said David Sand, chair of the Joint Development Authority. “We are confident that Alatus will work closely with us to make sure that Rice Creek Commons becomes a vibrant, first-class development that attracts people of all ages to live, work and play.” Founded in 2005, Alatus LLC is a Minneapolis-based real estate development company with expertise in residential multi-family, office, and single-family home development. For the Rice Creek Commons project, Alatus is teaming with Inland Development Partners, led by Kent Carlson and Tom Shaver, on commercial development and Tradition Development Corporation, led by Todd
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Minneapolis company tapped for TCAAP redevelopment

With several strong proposals to choose from, the board in charge of redeveloping the former Twin Cities Army Ammunition Plant in Arden Hills chose the company that promised to focus first on creating a quality residential development hand-in-hand with a vibrant town center. Alatus LLC of Minneapolis was chosen Monday night by a unanimous vote of the TCAAP Joint Development Authority from among three candidates to redevelop the 427-acre site. JDA members said any of the proposals would have been worthy of selection, but the Alatus vision seemed most likely to spawn a distinctive and exciting community as quickly as possible. “One team had an attention to vision, an attention to quality and sense of place, of something special,” said JDA Commissioner David Grant. He said that team was Alatus. Alatus recently partnered with the Mayo Clinic, the Minnesota Timberwolves and the Minnesota Lynx to revitalize the historically troubled Block E in downtown Minneapolis into what’s now known as Mayo Clinic Square. Read More
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TCAAP developer to be named next week

The authority overseeing redevelopment of the former Twin Cities Army Ammunition Plant in Arden Hills on Tuesday wrapped up interviews with a narrowed list of master developer finalists. A list of four original bidders was narrowed earlier this month to three after going through a separate interview process with a 12-member solicitation review committee. The three finalists who then pitched proposals to the TCAAP Joint Development Board were Alatus, Opus Corp. and Pulte Homes, and Ryan Cos. US Inc. and Lennar Corp. The five-member board is expected to decide on a final master developer on May 2. A Kraus-Anderson and Elion Partners partnership was dropped from the list of contenders, despite meeting the minimum criteria for the 27-page solicitation request. I think [the groups] were responsive and they responded in different ways, obviously, David Sand, who chairs the board, said at Tuesday’s meeting. I felt good about the fact that [we heard from] this quality of development companies and construction companies and design companies. The solicitation review committee recommended the three groups who best demonstrated
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