UNITED PROPERTIES RECEIVES APPROVAL FROM CITY OF WOODBURY FOR BIELENBERG GARDENS

Council approves site plan, rezoning and planned unit development

MINNEAPOLIS (Sept. 16, 2013) – United Properties and Jerry’s Enterprises, Inc., announced today that they received approval from the City of Woodbury to develop Bielenberg Gardens. In the Sept. 11 City Council meeting, a joint venture between the parties received approval for the site plan, rezoning and planned unit development of the 90,000-sq.-ft. retail project, which includes a grocery-anchored shopping center, a retail building along with additional retail and commercial outlots.

Bielenberg Gardens will be anchored by a 68,000-sq.-ft. grocery store, operated by Jerry’s Enterprises, along with a 12,300 sq, ft. multi-tenant retail building and several retail outlots for sale/lease. The retail strip center and outlots will include retail shops, restaurants, a convenience store, bank and gas station.

Located at the southwest corner of Radio Drive and Bailey Road, construction will begin on the 30-acre site in October 2013. Once initial site work is complete, construction of the grocer and retail building will begin in spring 2014 and be completed by fall 2014.

Designed with walkability in mind, Bielenberg Gardens will include the new Hargis Parkway, sidewalk connections, new trails along Bailey Road and Radio Drive, trail benches within the site, and perennial gardens. The site will be connected to the Bielenberg Sports Complex by a tunnel under Radio Drive, which further extends the pedestrian tunnel system in the area. Another key component of United Properties’ development is a central stormwater retention pond, which will be connected to a water reuse system to irrigate Bielenberg Gardens and the adjacent properties.

“Support from the residents of south Woodbury has been there since the beginning – for necessary goods and services like groceries, gas, quick-serve food and banking,” said Keith Ulstad, senior vice president of development at United Properties. “With the completion of the Radio Drive upgrade, the extension of sewer, and comprehensive stormwater modeling, we’re excited to be entering the execution and delivery phase of Bielenberg Gardens.”

Bielenberg Gardens is the retail component of a city-guided, master-planned development that eventually will include apartments, townhomes and other amenities.

Representatives of United Properties and Jerry’s Enterprises have worked closely with the City of Woodbury; additional project partners include project architect Architectural Consortium, LLC, and engineers Kimley-Horn. A general contractor will be announced prior to the spring construction of the buildings.

About United Properties
United Properties, based in Minneapolis, Minn., specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail properties as well as office and industrial buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 60 office, medical, industrial and retail assets in Minnesota, Wisconsin and Colorado. For more information, visit www.uproperties.com.

Media Contacts
Jessie Folkens
952-837-8516
jessie.folkens@marquettere.com

Martha Nevanen
952-893-7539
martha.nevanen@marquettere.com