Developer Bradley Hoyt’s Loring Park Plans Approved
The Minneapolis City Council on Friday approved local real estate developer Bradley Hoyt's 124-unit multi-family development project in Loring Park after a multi-year fight to build on the site.
According to planning documents from the city, the development-which will be built on an existing parking lot-will include 26 alcove units, 52 one-bedroom units, 13 one-bedroom-plus-den units, and 33 two-bedroom units. The main entrance will be located off of Oak Grove Street near the intersection of Clifton Place. Two levels of underground parking with 154 stalls are also planned for the development, and a private exterior courtyard is proposed for the south side of the building.
Hoyt, who owns Minnetonka-based Continental Property Group, sued the City of Minneapolis in 2009, claiming that he and his company did not receive a fair hearing for the proposed development project.
Hennepin County District Judge Stephen Aldrich dismissed two claims made by Hoyt in his suit-that he was denied equal protection and substantive due process-but agreed with his claim that Minneapolis City Councilwoman Lisa Goodman's bias against the proposed development project violated his procedural due process rights and deprived him of a fair hearing.
Last month, a Minnesota Court of Appeals panel ordered the Minneapolis City Council to rehear Hoyt's request for a permit for the seven-story project.
Traci Thomas, executive vice president of Continental Property Group, could not be reached for comment on Tuesday morning, but she told the Downtown Journal that the company plans to move ahead with construction on the apartments as soon as possible.
According to city documents, Hoyt proposed a much larger, 21-story mixed-used development for the site in 2004, but that plan was unanimously voted against by the city's planning commission.