Type: Hotel
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.