Dominium Development and Bridgewater Bank applied for a Comprehensive Plan Amendment for a joint redevelopment at the NE corner of Excelsior Blvd and Monterey Drive. Preliminary plans depict a six-story building with approximately 170 residential units and 17,000 sf of commercial space – the majority of which will be occupied by a new branch of Bridgewater Bank.
A neighborhood meeting regarding the proposal was held April 21st at the Bridgewater Bank Office located at 4400 Excelsior Blvd.
The Planning Commission recommended approval of the Comprehensive Plan Amendment at a public hearing May 6, 2015. The City Council approved the Comprehensive Plan amendment on June 1, 2015. The development will also require a Plat and Planned Unit Development. Article from St Louis Park Homes Website