Review Concept Plan for Greenway Terrace Phase 2 (Project #18-02); Case of Aeon

The purpose of this case is to review a concept plan for Phase 2 of Greenway Terrace. The proposed apartment building has approximately 60 workforce housing units, ranging from 1 to 4 bedrooms. The proposed project has parking on the first sub-level, partially sub-grade, with units on levels 1 through 4. Each floor has approximately 15 units. The current site plan shows a community garden, a playground, and the building will mirror phase 1 in order to create a courtyard between the buildings.

The site is generally on the west half of the parcel north of E Ramsey Parkway, east of East Town Center Dr, south of 146th Ave NW and west of Traprock St. Phase 1, approved in 2017, is currently being built and is located east of this project. The site is zoned COR 4c, generally allowing a minimum density of 15 units per acre. The site is approximately 1.4 acres.

The City of Ramsey Community Development Department wrote a letter of support for this project to the Minnesota Housing Finance Agency as Aeon attempts to secure financing for this workforce housing project. This project supports the goals of the City in relation to transit-oriented development, workforce housing near the COR and Northstar Station, and will help us reach the goals of our 2040 Comprehensive Plan.

Aeon is looking for general feedback relating to this project.

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Staff is handling this as part of normal duties. There is no formal application at this time.

No action requested at this time.

No action required. Provide feedback on the overall project.