The Golden Valley Planning Commission will hear a pitch Monday night that would transform a long vacant site near the intersection of two busy metro area freeways into the site of a large new apartment project.
The Business Journal reports that the five-story, 372-unit apartment complex will be proposed by The Slosburg Co. of Omaha, Neb.
Called "The Xenia," the would go up on vacant property on Xenia Ave. S. near the crossroads of Highway 100 and Interstate 394. A printing company building that had occupied the site was razed for redevelopment. In 2010, battered by the recession, Opus Development killed its plan to build an office complex on the property.
The Slosburg Co. is currently developing an apartment property in Bloomington.
The Twin Cities is in the midst of a building boom for apartment complexes after a sluggish few years during the economic slowdown.