Skip to main content

The City of Edina has approved a plan to build a seven-story apartment building with a restaurant on the site of the Perkins Restaurant off Highway 100. 

The Edina City Council last week gave the OK to the final plan after it granted preliminary approval to the plan over the summer. 

According to city documents, Rueter Walton plans to tear down the Perkins Restaurant and office building at 4917 Eden Ave. to build a seven-story building with a 3,700-square-foot restaurant on the first floor and a 196-unit apartment on the 2-acre site. 

Perkins is still open and serving customers, and is expected to continue to be open for several more months, with construction on the new building expected to begin in the second quarter of 2022, the Business Journal says.

Here's what the building will look like: 

The apartment building will include about 176 market-rate apartments and 20 units of affordable housing for those earning 50% of the area median income, city documents show. This will help Edina reach its goal of adding 1,804 affordable housing units by 2030.

The proposal would also include a below-ground parking garage with 227 stalls, as well as at least 29 parking spots in a surface-level parking lot.

The City Council approved rezoning and the redevelopment plan for the site, as well as creating a new tax increment financing (TIF) district. TIF districts enable the city to use growth in the property tax base to fund private investment and public infrastructure.

City documents show without money from the city, the developer wouldn't be able to build the project. Rueter Walton asked for $5.1 million over 15 years to make the $80-plus million redevelopment project financially viable. 

The developer will use the TIF money to fill its budget gap and make improvements to the surrounding area, including roadways, stormwater conditions and sidewalks.

Next Up

Screen Shot 2022-11-25 at 6.44.11 PM

Standoff in Prior Lake: Man assaulted officer, broke into home

The suspect allegedly assault an officer outside Kwik Trip, fled and broke into a home.

snow - 12-10-21 - Joe Nelson - 5

Accumulating snow possible in Twin Cities next week

The storm system could arrive in the Tuesday-Wednesday timeframe.

Target store snow

With Black Friday barely underway, Target reveals Cyber Monday deals

Plans for the two-day sale were revealed Friday morning.

Screen Shot 2022-11-25 at 9.37.25 AM

Man waves replica assault weapon at drivers in downtown Minneapolis

The alarming incident was spotted by the new MPD chief, Brian O'Hara.

Screen Shot 2022-11-25 at 9.29.58 AM

Extremely drunk driver arrested in Chaska

The driver was more than four times the legal limit.

Screen Shot 2022-11-25 at 8.21.21 AM

Stillwater police looking for suspect who stole vehicle with 1-year-old inside

The suspect abandoned the vehicle with the child still inside just 5 minutes after the theft.

Screen Shot 2022-11-23 at 5.01.34 PM

Suspected Bloomington restaurant killer arrested in Oklahoma

The 47-year-old Texas man was arrested around 12:30 a.m. Thursday.

Screen Shot 2022-11-24 at 9.16.39 AM

Minnetonka woman, 23, ID'd as victim killed in Minneapolis crash

The fatal crash happened near the Minneapolis Convention Center on Nov. 21.


More than 100 geese, ducks found dead on partially frozen MN lake

The discovery was made in Waseca at the weekend.


After losing sponsor, advocates fear Minneapolis' Nice Ride could shut down

They are calling on the city to provide financial support till a new sponsor is found.

Screen Shot 2022-11-23 at 3.32.46 PM

Colleen Lindstrom announces departure from MyTalk radio show

Lindstrom's last broadcast on the long-running show will be Dec. 9.


Screen Shot 2022-07-20 at 10.37.20 AM

Life Time proposes 'iconic' 32-story luxury apartment building in Edina

It would be one of the tallest buildings in Minnesota outside of Minneapolis and St. Paul.

Screen Shot 2022-09-29 at 12.27.48 PM

Apartments, brewery proposed for site of former Minneapolis lumberyard

The developer is proposing two buildings connected via skyway.

Screen Shot 2022-01-26 at 6.36.25 AM

Gallery: France 44 to build two-story addition, rooftop patio

The Minneapolis liquor store and cheese shop is stepping up its events and class offerings.

Facebook - Red Cow - burger

Red Cow plots its first restaurant outside the Twin Cities

It will open the new location in Rochester early next year.