The board is making progress on a number of high-profile riverfront projects.

A high-profile piece of riverfront land is slated for development — again.

After a proposal to revitalize part of a former lumberyard in Northeast Minneapolis failed to pan out last year, the Minneapolis Park and Recreation Board is once again looking for a new real estate developer for the site.

The Park Board is now seeking a real estate developer for the Scherer Bros. lumberyard site directly north of the Plymouth Avenue Bridge on the Mississippi River’s east bank. The board purchased the nearly 12-acre piece of land in 2010 for $7.7 million with a plan to one day rebuild the four-acre Hall’s Island and develop a new riverfront park.