The dated downtown Wayzata shopping mall began emptying out when plans for redevelopment arose—the last tenant, Original Pancake House, left in August. Washington, D.C.-based property developer/manager Madison Marquette first proposed a renovation in 2003, then bowed out; locally based United Properties followed and also departed in the face of community resistance.
Location: Downtown Wayzata, 14-acre site at Lake and Superior
First Proposed: 2003
Current Project: The Promenade: 254 senior housing units and 32,000 square feet of retail
Current Developer: Senior Housing Partners (division of Presbyterian Homes and Services, Roseville)
Projected Groundbreaking: May
Expected Completion: Fall 2014
Price Tag: $123 million (first phase)