14655 Forest Blvd , Hugo, MN 55038
LAND For Sale| Space | Size | Type | Pricing |
|---|---|---|---|
| 4.30 Acre Prime Development Land Downtown Hugo | SALE | Contact for pricing |
Chris Eng - Washington County CDA
PHONE: 6512022814
Redevelopment Opportunity Land Sale Options Prime Development Land Downtown Hugo – Forest Boulevard (Highway 61) along Egg Lake Property Highlights: • 4.3 acres of property – can be subdivided • Zoning: Central Business (C-1), allowing for multiple commercial uses. • The property is owned by the City of Hugo. • Price of property can be reduced when development criteria is met. • Downtown Plan and Design Guidelines apply to development in this area. The property is located in the heart of the City of Hugo and offers a wide array of opportunities for any buyer. With over 650 feet of lakeshore frontage, this beautiful property is great for a mixed used development with a restaurant/entertainment use, as well as, commercial, boutique retail, office, and housing. This property could become the centerpiece for the downtown business district in the City of Hugo. A survey of the property is available upon request. Development Criteria: The development criteria are a list of highly desired elements for the redevelopment of the property. A development project that meets the following criteria may be eligible to purchase the property for $1.00. • A full service restaurant or some form of event center or family entertainment venue, situated so that the customers and public will benefit from views over the lake. Secondary retail, service and housing uses may be considered. • A development and phasing plan is required with all development complete within 3 years. • Quality architecture, building materials, and site design, exceeding requirements of the Downtown Design Guidelines. • Construction of public amenities, including pedestrian connections, a gathering place near Egg Lake, and public parking. Did you know? • The City does not require parkland dedication for commercial and industrial development. • The City does not charge sewer trunk charges for redevelopment sites in downtown. • Hugo is a one stop shop for development as it is the Local Governing Unit for Rice Creek Watershed District.