PASTER GETS APPROVAL FOR MENDOTA PLAZA EXPANSION

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MENDOTA HEIGHTS, MINN. — St. Paul, Minn.-based Paster Enterprises has received final approval for the redevelopment and expansion of Mendota Plaza, a 48,000-square-foot retail property located in Mendota Heights. Construction includes a renovation to the existing building, as well as parking lot and landscape improvements. Three new buildings will be constructed, including a 14,820-square-foot Walgreens, a new 12,000-square-foot retail building and a 7,6000-square-foot restaurant building. Groundbreaking is expected to occur this fall, with completion expected by fall 2010. Tentative plans also call for the construction of senior housing, office space and a child care facility between 2011 and 2013, but this is contingent on market demand.

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