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Development
Team:
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95 Condominium Units
14 Townhomes
25,000 Square feet of Retail Space
$32 Million Total Development Cost
Summer 2003 Construction Start Date
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The
Cornerstone Group
Elness Swenson Graham Architects
Borson Construction
City of Richfield
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Kensington Park (formerly Lyndale Gateway) is the capstone to the revitalizing area of 76th Street and Lyndale Avenue in the City of Richfield. This project will redevelop a highly visible block of blighted commercial property and become an area filled with new housing, shops and restaurants.
Fourteen urban townhomes will border the single family neighborhood to the west and three stories of housing over retail space and two restauarant sites will border Lyndale Avenue. Lyndale Avenue will also be redesigned with streetscape improvements including a landscaped median, ornamental lighting and special pavers.
The townhomes are approximately 1,650 square feet and will be priced from the $290,000’s.
The condominiums range from 680 square feet to over 1,400 square feet and range in price from the $130,000’s to $300,000.
The project is being assisted financially from the Richfield Housing and Redevelopment Authority and from a grant from the Metropolitan Council.
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