Woodbury’s 100-acre mixed use development named City Place

Hotel, retail, medical building and office details coming soon

The high-profile, 100-acre mixed-use property in Woodbury has a new name.  City Place, located at Interstate 94 and Radio Drive, will transform the 700,000-square-foot commercial development with a hotel, grocery, shops, restaurants, medical office buildings and additional office space.

“The name City Place articulates our original vision of bringing an urban development to this prime suburban location, providing complementary uses to the existing office building while preserving the places to work focus of the site,” said Juan DeAngulo, managing principal with Elion Partners, which secured the purchase agreement with the current owner.  “We are excited to enter this new phase of the project and continue our collaboration with the City of Woodbury.”

Formal applications have been presented to the City of Woodbury for the overall repositioning plan [site plan attached], which includes 100,000 square feet of medical office buildings, a 108-room hotel, and 160,000 square feet of retail, anchored by a 40,000-square-foot grocery store.

“It’s encouraging to see the amount of momentum the variety of uses have this early in the process,” said Matt Alexander, director of real estate development for Kraus-Anderson, which is collaborating with Elion Partners to reposition the former corporate campus.  Alexander said he is also receiving early interest for medical office use at City Place. 

Kraus-Anderson will begin the site work on the multi-phased project this summer.

“This property has tremendous potential,” said Woodbury Mayor Mary Giuliani Stephens.  “We’re excited for this development to evolve into another cornerstone of economic growth for the City of Woodbury, and we are looking forward to working with Elion’s team as they go through the city’s approval process.” About Elion Partners

Elion Partners (www.ElionPartners.com) is a Florida-based national real estate investment firm with past experience in the Twin Cities market of successfully acquiring and developing quality properties in strategic locations.  Elion and its principals manage full-cycle investments across a variety of asset types, including industrial, office, retail, multifamily and land.

About Kraus-Anderson

Kraus-Anderson has transformed the American landscape for more than a century.  Established in 1897, Kraus-Anderson provides strategic services including commercial real estate development and management, construction, equipment financing and risk management to clients nationwide.  Kraus-Anderson (www.krausanderson.com) is an Affirmative Action, Equal Employment Opportunity Employer.