Hastings
Economic Development Corporation

North Park Commons

Thank you to our members for making the purchase of this property possible!

Would you or your organization like to become a member of HEDC to support future developments? Fill out out the application or visit our membership page to learn more.

OVERVIEW

The Hastings Economic Development Corporation has purchased and is seeking to develop 93 acres in north Hastings. The property consists of a single family residence and an abandoned farmstead located at 33rd Street and Osborne East as well as the accompanying 90 acres +/- of farm ground. 

OBJECTIVE

The objective of the development project is to bring to market property to encourage commercial and retail development, hospitality, multi-family housing, single family homes, and senior and/or student targeted housing. The Hastings Economic Development Corporation will serve as master developer for the site, and it will work to recruit private investment opportunities to undertake site-specific ground-up developments.

At full build out, HEDC would like to see 60+ single family home lots, 200-300 units of multifamily housing, approximately 15 acres available for retail and commercial development, and 10+ acres for senior housing or another campus-type targeted residential development.

TIMELINE & MAJOR BENCHMARKS

HEDC is pursuing and finalizing partnerships to accomplish the vision of North Park Commons. The development timeline for the site is subject to change. Bold indicates completion. A probable schedule looks as follows: 

2017 Q1 – Due Diligence (Blight Study, Phase 1, and Survey)
2017 Q2 – Acquisition, Site Planning, Developer Recruitment
2017 Q3 – Site Planning, Developer Recruitment
2017 Q4 – Developer Recruitment, Phase 1 Engineering & Design
2018 Q1 – Developer Recruitment, Phase 1 Infrastructure Bid Letting
2018 Q2 – Phase 1 Infrastructure (Demolition, Grading, Utilities)
April 2018 - Sale of Lot 4 Block 1 to Hastings Lodging 2 for Hotel Development
2018 Q3 – Developer Recruitment for Apartments and Townhomes, Phase 1 Construction (Utilities, Streets)
November 2018 - Sale of Lot 1 Block 4 to Mesner Development for Townhome Development
2018 Q4 - Phase 1 Construction (Streets, Utilities, Final Grading), Marketing of Commercial Lots in Block 1, Phase 2 Engineering & Design
2019 Q1 - Marketing of Commercial Lots in Block 1, Phase 2 Bid Letting (Laux Street), Construction Townhomes, Infrastructure Townhomes (Utilities, Streets)
2019 Q2 - Developer Recruitment for Single-Family Homes, Marketing of Commercial Lots in Block 1, Phase 2 Construction (Grading, Utilities), Construction Townhomes, Construction Apartments, Phase 3 Engineering & Design
2019 Q3 - Developer Recruitment for Single-Family Homes, Marketing of Commercial Lots in Block 1, Phase 2 Construction (Utilities, Streets), Construction Townhomes, Construction Apartments, Phase 3 Engineering & Design
2019 Q4 - Developer Recruitment for Single-Family Homes, Marketing of Commercial Lots in Block 1, Phase 2 Construction Complete, Marketing of Multi-family Lots in Block 2, Construction Townhomes, Construction Apartments, Phase 3 Engineering & Design

Phase 1 = Infrastructure and Streets for Commercial Property (31st and 33 streets)
Phase 2 = Infrastructure and Streets for Apartment Development (Laux Avenue)
Phase 3 = Infrastructure and Streets for Residential Housing (Block 3)

 

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