TUESDAY, MAY 19, 2009

Retail condominium to replace closed restaurant in Maple Grove, Minn.

by Mike Moran
Minnesota

The shuttered Bakers Square in Maple Grove is set to become a 30,300-square-foot retail condominium. Arrow Contracting Inc., is the developer on the project, dubbed Lifestyle Commons.

The Maple Grove Planning Commission approved the development stage plan for Lifestyle Commons in a unanimous vote on April 27.

Lifestyle Commons will be a three-storefront condominium development with Maple Grove Cycling, Dave's Sports Shop and Simonson's Salon and Day Spa signed to letters of intent. Purchase agreements will be signed pending approval of the project.

Address: 13950 Grove Drive, Maple Grove, Minn.

Size: 30,300 square feet

HFF closes $4.3M sale Looking for signs of a recovery in Milwaukee Thriving in the challenging new world of commercial real estate Jeff Berg: It's impossible to get bored Freddie Mac finances 37 percent of overall multifamily market in 2009 Inland announces three sales in December Darwin Realty announces sale Quantum brokers mixed-use sales in Chicago for $3.6M Looking for good commercial real estate news in 2010 Walker & Dunlop senior vice president: Get ready for a tough 2010