Type: Hotel
Hot Property: WoodSpring Suites hotel, Fridley
August 13, 2015 at 10:24PM
Rooms: 124
Developer: MN Hotel Partners
Details: The repositioning of the Fridley Market from an aging retail center is taking another step forward with plans for an extended-stay hotel.
Owner Tri-Land Properties of Westmont, Ill., embarked on a $21 million renovation of the 165,000-square-foot center last year that has seen it undergo three major changes: The plaza's Cub Foods completed a $4.2 million renovation, Duluth Trading Company opened its second Twin Cities store and the city of Fridley remodeled its municipal liquor store there.
In June, the city also received a building permit application for a new multitenant retail building along 57th Avenue, just west of a McDonald's.
Now, there's a taker for part of the 14-acre site that was set aside for a possible hotel development. St. Cloud developer Troy Hoekstra of MN Hotel Partners indicated he is planning a 124-room WoodSpring Suites extended-stay hotel.
The developer last month asked for and received approval to split off a 1.9-acre section of the site into a separate lot to house the new hotel, to be built on what is now undeveloped green space fronting Interstate 694.
St. Cloud attorney Craig Hanson told the Fridley City Council that Hoekstra plans a September or October start for the new hotel, one of 210 such WoodSpring Suites around the United States. City officials said the hotel's materials palette and color scheme will be adapted to fit in with the standards of the surrounding Fridley Market planned unit development.
Don Jacobson is a freelance writer in St. Paul. He can be contacted at hotproperty.startribune@gmail.com.
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