The Anoka City Council has given Ryan Cos. the green light to proceed with plans to build a new 80,000-square-foot grocery store at the intersection of 7th Avenue and Bunker Lake Boulevard NW.
The city reached a purchase agreement with Ryan more than two years ago and gave final approvals during a meeting earlier this month. Ryan will pay $2 million for the 14-acre site.
The city has not disclosed the name of the grocery store and Ryan Cos. declined to comment.
As part of the deal, Ryan will reimburse the city $655,000 toward the cost of installing a new traffic signal on 7th Avenue. The city will contribute $104,000 for the light. Additionally, the city will pay $1.3 million for an east-west road on the north end of the property.
Some residents of the Rum River Shores neighborhood, which borders the property, questioned why the city is selling the property for less than it is valued. But Mayor Phil Rice said the city has sold other parcels at discounted rates because "it accomplishes our goal of adding significant tax base to the city."
In phase two of the project, the city could get the right to lease space for a municipal liquor store in another building proposed for the property.
Construction could begin next month, with a projected store opening in January 2024.
Tim Harlow