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A Prospect Park 2020 concept drawing from a birdseye perspective at Tower Hill Park.
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In 2011, the Prospect Park East River Road Improvement Association (PPERRIA) commissioned a predevelopment framework for the new Central Corridor LRT station area to ensure that new development contributes to a diverse, vibrant, accessible, connected and affordable transit oriented community by its planning, design, and sustainability criteria. This effort was guided by the neighborhood's desire to shape the area as an inspired high-density urban destination - a national model for accessible, affordable, urban living.
One of four designated growth centers in Minneapolis, Prospect Park is predicted to experience the earliest development pressure on the Central Corridor. The area is adjacent to the University of Minnesota campus and contains over 60 acres of underutilized property available for redevelopment - providing an opportunity for growth of about 1,500 residential units, as well as retail, office and other commercial uses.
Factors that support mixed-use development include the University of Minnesota with 42,000 students, Hospital and Medical Center, and Research Park. Employment in the Prospect Park/ University area is about 28,200 with 85 percent in education and health services. Market analysis indicates the area can attract development totaling about $438 million including 1,950 residential units and 614,000 square feet of commercial/cultural development.
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| INVESTMENT |
$15,302.32 Prospect Park NRP Phase I funds
Additional funding from The Funders Collaborative and Hennepin County | |
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| LOCATION |
Prospect Park LRT Station Area
University Avenue and 29th Street SE | |
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| PARTNERS |
PPERRIA NRP
City of Minneapolis
Hennepin County
The Funders Collaborative | |
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| DETAIL |
Recommendations in the Framework include:
- Parks, streetscapes, urban design elements and open space must be integral to future development.
- Shared reservoir parking should be located early in the process to ensure adequate parking is available for retail/commercial and institutional use.
- Future mixed use development should occur on the south side of University Avenue to a parcel depth that preserves existing single family dwellings just beyond.
- The north side of University Avenue should also host mixed use development with retail, commercial and office uses but with greater density.
- Parcels adjacent to the transit station should provide a people friendly environment with interior and exterior gathering spaces, retail/service related traffic generators, and visible activity.
- Retail should be focused on University Avenue and be visible from the station itself.
- Fourth Street should become a residential street, with 2-4 story row houses adjacent to the street and high-rise residences on the north side of the street adjacent to the U Transitway.
- Parcels adjacent to the transit station should provide a people friendly environment with interior and exterior gathering spaces, retail/service related traffic generators, and visible activity | |
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