Elevage Development Group has formally submitted a proposal to build an eight-story (100-foot) building at 3012 Excelsior Blvd, currently home to a BP gas station.
The developer proposes 100 hotel rooms, 20 condominiums and a 4,700 square-foot restaurant. The building would hold 107 enclosed parking spaces with one parking level underground.
A submitted traffic study suggests that the new development would reduce traffic to the site, from 700 daily trips at the gas station down to an estimated 633 daily trips at the proposed hotel.
In the application, the developer said the project may incorporate a signature gateway sculpture at the corner plaza, and said they are working with Hennepin County and Public Works to improve the Lake & Excelsior intersection with plantings, seating and cobblestone pavers.
Hennepin County budgeted $1.5 million to realign Lake Street at Excelsior Boulevard to create a more traditional intersection at an angle closer to 90 degrees, aiming to improve pedestrian safety. The 2019 project would enhance crosswalk markings, add a green island, add curb ramps and shorten crossing distances.