55th Crossing: Planned community to offer something for everyone
Developers of a new planned community in southeast Minot expect major construction to occur in the next few years to prepare for thousands of new residents and a hub of retail and commercial activity.
Realtors and others with interest in development attended a presentation on 55th Crossing in the Sleep Inn in Minot Tuesday. The project is located on about 530 acres of former farmland along 55th Street Southeast near 16th Avenue.
“It’s a brand new area that’s well on its way to being constructed,” said Todd Fettig, sales manager at Coldwell Banker. “It has something for everybody out there.”
He noted there will be apartments, townhomes, condos and single-family homes, including homes in price ranges between $164,000 and $199,000.
“Right now Minot is in the need of what I consider affordable housing,” he said. “That’s prevented some first-time buyers from making the leap, so Minot really needs this type of property.”
The new community will have more than 2,000 residential units, including 414 single-family homes, 696 duplexes, 356 mobile home pads, 481 multi-family units and other mixed-use multi-family units. It also will include 237,000 square feet of office and retail space and 253,000 square feet of commercial space, along with an integrated park and trail system, according to information on the website, (www.55thcrossing.com).
The first phase is under construction on the southeast corner of the property, east of 55th Street. Infrastructure construction began last year to support what will be three commercial lots, five multi-family lots, 70 townhome lots and 28 single-family lots. So far, 21 of the single-family lots have been sold. IMM and Coldwell Banker are marketing the lots.
Although build-out is expected to continue over several years, development already is occurring outside of phase one in project areas on the west side of 55th Street.
The property encompasses the former Virgil Workman Village, the Federal Emergency Management Agency’s park for temporary housing units after the 2011 flood. Now Wheatland Village, the 350-unit mobile home park managed by First Minot Management Co. includes many of the former FEMA units purchased by occupants. Currently, there are 160 pads available for rent, Fettig said. Lifeway Homes is providing manufactured homes for sale to residents.
Another portion of the property to the north of Wheatland Village belongs to Performance Homes of Minot, which is building 62 townhomes. The company will be offering modular construction in the price range of $169,000 to $200,000. Two duplexes now are under construction, and the first homes are expected to come online early in 2014.
A section of property to the east of Performance Homes, bordering 55th Street, is under contract to Heartland Developers, which plans to build 132 townhomes. Three duplexes are under construction with an anticipated price range of $164,000 to $189,000 per home. Century 21 Action Realtors is handling marketing.
The City of Minot allocated $5 million from Community Development Block Grant funds for streets serving the townhome and duplex projects west of 55th Street. Work will be done this summer.
On the east side of 55th Street, 27 acres are set aside for Nedrose School District for a middle and high school building. A special school election to decide on the project is set for Feb. 20. If approved, construction could start late in 2014, with the school opening in 2015.
A nearby piece of property is designated for a Minot fire station, although Fettig said any construction still is long range for the city. The city has annexed 55th Crossing.
With the recent completion of the 55th Street Bridge and Northeast Bypass, the north portion of a bypass proposed to circle the city is in place.
“That puts it right in the heart of where Minot will be developing,” Fettig said of 55th Crossing. “It has easy access to pretty much any part of Minot.”