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 Stutz, on single-family residential development.
“Thank you to the Joint Development Authority; we are honored to be chosen as Master Developer for the Arden Hills development,” said Bob Lux, president of Alatus, LLC. “The timing of this project is ideal given the current economic climate and housing market. With our team’s combined expertise and histories of success, we look forward to collaborating with Arden Hills and its neighboring cities, Ramsey County, and the Joint Development Authority. Together, we will create a welcoming, nature-inspired community with green spaces, bike paths, and trails as well as exceptional single and multi-family housing, innovative commercial space, and a vibrant walkable town center district that includes a diverse mix of retail and unique destination restaurants.”