News Flash

CTN Latest Stories

Posted on: September 21, 2018

Apartment Project Proposed in Port Evergreen

A Saint Paul based developer is pitching a plan to construct a large apartment building in the southern part of Coon Rapids.

This week, the City Council met in a work session to learn more about the project which would involve the construction of a four-story, 184 unit apartment building near 94th Lane and Springbrook Drive just west of Highway 47.  The developer, Real Estate Equities, is looking to the city for tax increment financing to fund part of the project which is located in Port Evergreen.

"In Coon Rapids, we have not seen a lot of apartment construction in recent years, says Matt Brown, Community Development Specialist.  "We have a lot of apartments that were built in the 70s and 80s, we haven't seen a lot of newer apartments so we're pretty excited to see a more contemporary building and, also, it's important to note that the vacancy rate for apartments is very low in Coon Rapids and really across the region so it's not a surprise that we are seeing some interest among developers constructing new apartments."

The project still needs to go through the planning approval process and the City Council would need to approve the creation of a new TIF district. All of the units would be affordable to households earning 60 percent of the area median income, which is just over $56,000 for a family of four.

Watch Video Story
Facebook Twitter Email

Other News in CTN Latest Stories

LWV Hosts Forum on 2020 Census

Posted on: September 13, 2019

Progress Report on Hanson Construction

Posted on: August 23, 2019
Crooked Lake water testing

Crooked Lake Water Testing

Posted on: August 2, 2019

Thousands Gather for Night to Unite

Posted on: August 9, 2019

Phil Mickelson Commits to 3M Open

Posted on: March 15, 2019

Makeup Day Added to School Calendar

Posted on: March 1, 2019

You're Hired: District 11 Hosts Job Fair

Posted on: February 22, 2019

Northstar Ridership Down 1% in 2018

Posted on: February 15, 2019

Village 10 Chipotle Opening February 20

Posted on: February 15, 2019

Winter Clothing Donations Needed

Posted on: February 8, 2019

Zac Brown Band Performing at 3M Open

Posted on: February 1, 2019

The 'Donut Boy' Arrives in Coon Rapids

Posted on: January 25, 2019

Local Lawmaker Becomes House Speaker

Posted on: January 11, 2019

School Board Adopts 2019 Property Tax Levy

Posted on: December 14, 2018

Out in the Cold 4 Youth

Posted on: December 7, 2018

New Indoor Self-Storage Facility Approved

Posted on: November 30, 2018

ALDI Remodels Northdale Blvd. Store

Posted on: November 30, 2018

NSC Hosts 'Hard Water Ice Fishing Expo'

Posted on: November 16, 2018

Local Teen Suffers a Rare Stroke

Posted on: November 9, 2018

New Playground Coming to Towerview Park

Posted on: November 9, 2018

Early Voting Turnout is Up

Posted on: November 2, 2018

City of Anoka Scaring Up Halloween Fun

Posted on: October 26, 2018

Fire Destroys Coon Rapids Home

Posted on: October 19, 2018

Fire Stations Open Doors to the Public

Posted on: October 19, 2018

ARCC Opens Food Shelf for Students

Posted on: September 28, 2018

Cardinals Mark Homecoming Week at CRHS

Posted on: September 28, 2018

CRPD Applying for Federal Grant Money

Posted on: September 21, 2018

Constitution Comes to Life at ARCC

Posted on: September 21, 2018

Honoring Those Who Protect and Serve

Posted on: September 21, 2018