Hot Property: Cedar Point Commons in Richfield

Address: E. 66th Street and Richfield Parkway, Richfield

Type: Retail

New construction: 14,344 square feet

Developer: Hempel Cos.

Architect: DJR Architecture

Some long-planned retail elements at the Cedar Point Commons development in Richfield are now set to be built out, under plans presented by owner Hempel Cos.

Minneapolis-based Hempel purchased the vacant parcels from original Cedar Point developer Ryan Cos. in December. And this summer, it sought and won approvals from the Richfield City Council for two new multitenant retail buildings. The 30-acre commercial area is anchored by Target and Home Depot.

One of the new buildings is set for the east side of Richfield Parkway on a lot adjacent to an existing multitenant building anchored by Chipotle's Mexican Grill. When Ryan first laid out the development in 2006, the space was envisioned for a single, full-service restaurant, but dining preferences have since changed to favor fast-casual concepts.

For that spot, Hempel won approvals for a 7,166-square-foot building to be occupied by a Five Guys Burgers and Fries and Café Zupa's, a Utah-based chain of fast-casual restaurants with soups, salads and sandwiches.

The other new building is 7,178 square feet and will be situated in the northwest quadrant of the E. 66th Street and Richfield Parkway intersection. It will include another fast-casual eatery, Panda Express, as well as a day-care center.