A major development deal is in the works that involves a Robbinsdale bar that recently gained national attention. In 2014, USA Today named St. Petersburg Restaurant & Vodka Bar to its list of 10 best vodka bars. Now there's a purchase agreement in place with plans to turn the restaurant into apartments.
The agreement not only affects St. Petersburg Restaurant, but also American Legion Post 251 next door. The developer, St. Louis Park-based Inland Development Partners, is the same group that's redeveloping the neighboring Terrace Theatre site into a Hy-Vee grocery store.
Preliminary plans were shared with the Robbinsdale Economic Development Authority Tuesday night. They call for a five-story building of up to 215 apartment units with retail shops on the ground level facing Hy-Vee.
"The neighborhood's changing. The downtown revitalization has been impressive," said Bob Cunningham with Inland Development Partners. "The Hy-Vee going in across the street is certainly a component, North Memorial Center being a major employer is important, proximity to transportation and transit is important, so you put all those into a kettle and it's a very attractive site."
Inland Development Partners says the apartments could be ready for occupancy in the spring of 2020. The developer is conducting a market study which will provide guidance on unit size and pricing.
This would be Robbinsdale's second apartment project to come forward in the past month. Just a short walk to the north, the Beard Group is working on an upscale apartment project next to Citizens Independent Bank.
Corey Bork, email@example.com