On Wednesday, Hempel Real Estate announced plans to redevelop a parcel of land in Edina that developers have had their eye on for more than a decade.

At the southeast intersection of 50th Street and Highway 100, the vision is a mixed-use, three-acre spread of owner-occupied housing (condos, townhomes), green space, and a yet-undisclosed anchor restaurant by Jester Concepts, the hospitality company known for locally celebrated eateries like Butcher and the Boar, P.S. Steak, and, as of recently, Rustica Bakery. Groundbreaking is expected summer 2026.

“We’ve had our eye on this particular property in Edina for the better part of the last decade as it went through various attempts to redevelop,” says Rick McKelvey, senior vice president of development at Hempel, a Minneapolis-based commercial real estate company.

Known as the “Grandview site,” the plot is near Jerry’s Foods, the Our Lady of Grace Catholic Church and school, and several new apartment buildings, a news release states. It has been used for public works storage.

Joining Hempel in the proposal were three partners, including Jester. Monarch Development Partners, a real estate development company in St. Louis Park, will oversee residential units. Preliminary designs call for 38 townhomes and 32 condo units, all owner-occupied.

Jester has been tied to the project since 2020, under a now-expired contract to develop a restaurant. The company is set to announce a new concept for the site in the coming months.

Rokos Advisors, a Minneapolis-based commercial real estate agency, represented Jester and was key to assembling the development team.

Edina and the city’s Housing and Redevelopment Authority issued an RFP for the site in early March. Specifications pointed back to a “Grandview Development Framework” drafted more than a decade ago. Community residents and business and property owners had led a planning process to come up with principles for redevelopment.

The city’s Grandview business district has transitioned from a largely industrial identity, the RFP states. It is mixed-use, with office, retail, housing, and civic needs—a trend expected to continue “when other sites transition.”

One desire outlined in the framework is to encourage “stay-at” developments—as in: new housing, new restaurants, and new public spaces.

It also called for a range of housing types, with affordable ownership units preferred and luxury or market-rate rentals low priority. “One of our goals is to have varying [residential] price points, as you naturally would in any development of this type,” McKelvey says. Zoning policy mandates at least 10% of all units be affordable or moderate-income.

McKelvey says the team’s mixed-use plan aligns exactly with the city’s request. The Hempel-led team’s proposal won out over 10 other submissions, according to the release.

In the next 60 or so days, the team expects to complete a purchase agreement with Edina. “From that point forward, we will work full-speed ahead with our design team, our engineers, and, of course, the city and public input,” McKelvey says. A public engagement meeting will solicit feedback from surrounding neighborhoods and “the community at large.”

He notes the biggest challenge so far is the 30-plus-foot grade change from south to north, requiring leveling. “We have work to do yet on geotechnical and environmental evaluations, which will happen over the coming months.” (The RFP noted the land will be sold in “as is” condition.)

And what kind of restaurant will go in? “Jester Concepts is evaluating the market for the ideal restaurant use for this location, so I’m also anxiously awaiting their feedback on that.”