Solomon Real Estate founder Jay Scott, the developer working to renovate Calhoun Square, 3001 Hennepin Ave. S., unveiled the revised reconstruction plans at the CARAG neighborhood’s April 19 meeting.
The $75 million Calhoun Square renovation project will redevelop all buildings along Lake Street between Hennepin and Girard avenues, plus the 3000 block of Hennepin, and a vacant lot north of the parking ramp.
The new plans add the Music-Go-Round site at the corner of Lake Street & Fremont Avenue. It will be redeveloped as an urban Best Buy store. Scott has the site under contract.
The project’s previously stated goals are to upgrade the retail tenant mix, relocate current tenants within the project, add a level and a half of ramp parking and build 60 housing units with underground parking along 31st Street and at the corner of Lake & Girard.
Other new changes include eliminating the small loading dock along Lake Street and adding an urban park with a fountain or sculpture to the development’s south end as a gathering place for condo tenants, events and weddings.
The revised plan also would create pedestrian space to connect Calhoun Square to the proposed Lagoon redevelopment at Lagoon & Girard avenues.
The CARAG board and residents
held a meeting May 3 to further discuss the project in detail, after the Southwest Journal’s deadline.