After months of at times contentious debate among neighbors, a planned mixed-use development at intersection of Lyndale and Franklin avenues is not moving forward.
City spokesperson Casper Hill said one of the partners behind the six-story Theater Garage and Marquee Apartments project took steps to withdraw the development application on Tuesday. Hill identified the partner as James C. Theros of Theros Realty II, the owner of four of the five parcels at the redevelopment site, according to Hennepin County property records.
“There’s still a technical process that has to happen before it’s officially withdrawn,” Hill added.
Developer Don Gerberding of Master Properties was the public face of the project, but he did not immediately respond to a request for comment. A woman who answered the phone at Master Properties at about noon Wednesday said they had “no comment at this time.”
Theros opened Rudolph's Bar-B-Que, a restaurant located kitty-corner across the intersection from the proposed development, in 1975.
The project was divisive in the Wedge neighborhood. Some argued it was too tall at just over 73 feet and would be built too close to neighboring residential properties. Others argued dense housing development on a transit node was a better use for the site, now occupied by several commercial properties, a theater and a surface parking lot.
While Gerberding moved ahead on the Marquee Apartments this summer, he ran into trouble with the city on a different project. A 10-year, $350,000 loan from the city to redevelop a West Broadway Avenue parcel reportedly was in default, and the City Council in August authorized the city attorney to take legal action against Gerberding.