Business & Tech

Wayzata's 'Promenade' Is New Twist on Mixed-Use Development: Star Tribune

Grocery store, walkability are keys to the project's success, the developer told the newspaper.

Neighborhood retail centers are "thriving," according to the Star Tribune, in an article that cited a recent Cushman & Wakefield/NorthMarq report and mentioned an example of new development in Wayzata:

A new iteration of the old model involves grocers anchoring mixed-use projects that also feature a housing component. That’s the case at the Promenade of Wayzata, a $225 million project that includes senior and luxury housing, a hotel, a Lunds store and smaller retail tenants. A big component to the plan involves walkability to downtown Wayzata, says Steve Bohl of Bohland Development Inc., which is developing the luxury housing portion of the project.

“People are looking for convenience” at these centers, he said. “They like the ability to walk right next door to the store from where they live.”

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Read the full article at startribune.com.

Related on Patch:

Find out what's happening in Lake Minnetonkafor free with the latest updates from Patch.

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