Premier Mixed-Use Development Replaces Former Gravel Pit
 Centennial Lakes is a world-class mixed-use development located in Edina, Minnesota. The innovative design of the project has set a new standard for mixed-use development worldwide. |
Challenge
United Properties took control of a former gravel pit through a contract for deed in 1988 and sought to redevelop the Edina, Minn., site as a mixed-use property. By coordinating a design that incorporated retail, entertainment, residential and office space as well as park land, United Properties was able to obtain city approval for the 100-acre proposed development.
Strategy
United Properties coordinated the efforts of the City of Edina and four private developers to design and complete a project that would serve as an economic hub and community gathering place as well as a convenient service center for the thousands of people who would live and work within the site.
United Properties developed nearly one million square feet of Class A office space on the site. The company also sold parcels of land to facilitate the development of the retail, medical and residential townhome portions of the project and acted as a joint developer of the Centennial Lakes Village Homes condominiums.
Results
Construction of the project began in 1988 and was completed in 2000. The development includes five office buildings with nearly one million square feet of Class A office space, more than 30 retailers and restaurants, a theater complex with eight screens, a medical office building, a full-service hotel, a condominium complex, a child care center and a fitness center. Walking paths connect the 25-acre community park at the center of the development to the office buildings and retail plaza.
As the developer of Centennial Lakes, United Properties has set a new standard for high-quality mixed-use development worldwide. Centennial Lakes has been nationally recognized as a premier mixed-use development and its office buildings have won the National Association of Industrial and Office Properties (NAIOP) Award of Excellence numerous times. What was once gravel pit is now one of the most respected mixed-use developments in the Twin Cities.
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