UNITED PROPERTIES RECEIVES APPROVALS, ACQUIRES LAND FOR MIXED-USE PROJECT

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BLOOMINGTON, MINN. — Minneapolis-based United Properties has received rezoning and preliminary plan approvals for a mixed-use development located at the intersection of Penn Avenue and American Boulevard in Bloomington. The company also closed on a parcel of land for the development located at 8051 S. Penn Ave. The land is the second parcel needed for the 8-acre redevelopment. Preliminary plans for the development consist of seven buildings with retail, office, and medical components, as well as 58 housing units. The redevelopment is expected to take two construction phases to complete, with the first phase beginning as early as this summer.

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