Wayzata-based developer Brad Hoyt plans to submit a revised plan for Parc Centrale, a condo development proposed for Loring Park, more in line with other recent projects in the area that top out at seven stories.
Hoyt, a developer with Continental Property Group, said the new plan would feature 90 units. The city's Planning Commission and the City Council rejected his earlier proposal for a 21-story, 104-unit tower at 401 Oak Grove St. He said he plans to sue the city over the denial.
The other Loring Park projects under construction nearby include Roseville-based Mendota Home's 301 Oak Grove development, which will be five stories tall with 59 condos, and The Groveland by St. Louis Park-based Steven Scott Management, Inc., a seven-story, 135-unit development at 317 Groveland Ave.
Another condominium project is in the pipeline for the Episcopal Diocese of Minnesota site, 1730 Clifton Place. Developer Dan Hunt is awaiting direction from a neighborhood task force on whether to pursue a tower or a smaller six-story building at the site.
The city's height guidelines for the area, outlined in the zoning code, call for buildings with maximum heights of 2.5 stories given its proximity to Loring Pond.
Hoyt said he's also moving forward with new plans for the Loring Office Building at 430 Oak Grove St. He has a $5 million purchase agreement on the building and 401 Oak Grove St., which is currently a parking lot for people who work at the building.
He said he's working to open a "first-class, white-tablecloth restaurant" and a casual caf/ in the building.