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The following is from the City's
website:
Excelsior & Grand
Quentin Ave. & Wolfe Park and Excelsior Blvd.
& Monterey Dr.
Excelsior & Grand is St. Louis Park's premier redevelopment
project located on the 15-acre Park Commons redevelopment
site along Excelsior Boulevard between Monterey Drive and
Quentin Avenue. Centered along a 600 ft. town green that
connects Excelsior Boulevard to the neighboring 30-acre
Wolfe Park, the $160 million project is revitalizing
Excelsior Boulevard and creating a community "focal point"
or downtown for St. Louis Park.
Parking ramps under buildings help ensure a
pedestrian-friendly area that isn't dominated by cars and
parking lots. The development has been named "Best
Multifamily Project" in the City Business "Best in Real
Estate" awards program.
Ground has been broken on the fourth and final phase, known
as Phase NW at the northwest corner of Park Commons Drive
and Grand Way. The redeveloper, TOLD Development, is
constructing a five-story mixed-use building on the site. It
will include 96 condominium units and 5,100 square feet of
ground floor retail space. The building is expected to be
completed by June 2007.
Occupancy of the third phase of the Excelsior & Grand
Project (known as Phase E) began in April 2006. Phase E is a
single, five-story, mixed-use building located at the
northwest corner of Excelsior Boulevard and Monterey Drive.
It contains over 14,000-square-foot Trader Joe's grocery
store, with four floors of condominiums above, for a total
of 86 residential units.
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