Ron Clark Construction is on the verge of getting final approval for a 38-unit condominium building in Minnetonka that will largely complete the firm’s development of its 25.5-acre site.
The Minnetonka Planning Commission recently approved designs for the condo building as part of the Oakcroft Condominiums in the Legacy Oaks subdivision, which is near the Interstate 494/394 interchange.
Previously, Edina-based Ron Clark wanted to build two 20-unit buildings next to another 20-unit building the construction company finished in 2016. The company changed its plans to make the units more affordable and provide more guest parking and green space, according to Jeff Bergom, the director of sales for Ron Clark.
In the new plan, the single building will have about one third of its units in the 1,300- to 1,400-square-foot range. The rest will be smaller.
Bergom said the new plan will in general have smaller units at a lower price point and in general use the available land better. Exact price points are not known at this time. The firm expects to start construction later this year with the units being move-in ready about a year after that.
"The plan is to start selling them some time this year," Bergom said. "We’re going to try to provide more of a smaller-unit profile. [If] folks have a house somewhere down south, [some] just want a Minnesota base."
The new iteration will likely go before the full City Council on June 18, according to Minnetonka’s Community Development Director Julie Wischnack. The previous two-building plan passed the City Council, which would bode well for the new one.
This is the last portion of land that will be condos, but there are still lots available for twin homes and villas, according to Bergom.
In 2014, Ron Clark bought the land, which was a hobby farm, for $6.22 million. The latest project will be the last condo building on the land, but some lots are still available for twin homes and villas. Twin homes are two houses connected and villas are freestanding — but all are covered by an association.
All in, up to 120 housing units can be built on the property. Bergom added there’s walking trails, a pavilion and wetlands, but no commercial or retail buildings in the development.