FUJI YA LITIGATION NOT OVER YET
Park Watch has just learned that on December 21 Columbia Development filed an appeal of the November 12 ruling which had been in favor of the Park Board regarding the Columbia/Wave condo development on the Fuji Ya site. So, unfortunately, the litigation over this failed project continues. (See December 8 post on Park Watch for background.)
Fuji Ya Dispute Resolved
No Condos To Be Built
On March 17, 2005, the Park Board entered into a purchase agreement with Columbia Development for the purchase of the Park Board’s Fuji Ya property. The purchase agreement stipulated that there would be a condo development with a parking ramp and that the Park Board would lease 85 stalls from Columbia and rent them out to the public. The income from the leased stalls was intended to enrich the Park Board’s enterprise fund.
In November of 2005, Columbia Development sought title to the Park Board’s Fuji Ya property prior to the completion of its contractual obligations. The Park Board objected to Columbia’s demands and on December 17, 2008, the Park Board voted to terminate the purchase agreement with Columbia. Columbia continued to force the sale. On November 12, 2009, District Court Judge Marilyn Rosenbaum ruled for the Park Board and against Columbia, stating that the Park Board had the right to terminate its purchase agreement with Columbia. The judge’s decision is attached below.
Consequently, there will be no Wave Condo development on the Fuji Ya site and the Park Board will retain ownership of the property.
Co-founder of Park Watch
Order Granting Summary Judgment.pdf
The latest illustration of the Wave, a condo project proposed for Downtown’s riverfront.The developer and the Park Board are in a legal dispute over the deal.
By Michelle Bruch
Developers behind the Wave condo project proposed for the riverfront have sued the Minneapolis Park and Recreation Board for breach of contract.
By Dan Haugen
The Minneapolis Park and Recreation Board has authorized hiring a consulting firm to study possible impacts from a proposed hydroelectric plant at St. Anthony Falls.
Though Omni can now seek permits, critics said the Minneapolis riverfront project will never materialize.
By Terry Collins, Star Tribune
A developer’s vision of a luxury condo tower on the historic Minneapolis riverfront is running into a wave of opposition.
The City Council said last week that no environmental impact study was necessary for the project, dubbed the Wave. But key council members and opponents said it would damage riverside mill ruins and obstruct views of the river and historic structures.
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By Michelle Bruch
Developers facing mounting opposition
Developers of the Wave condominium project now have three weeks before their option to purchase the riverfront site expires.
In the past two years, the development has changed hands and undergone an archaeological dig, a redesign and an environmental review. Now the project may halt altogether if the Minneapolis Park and Recreation Board decides not to extend the purchase option. Downtown Journal
The St. Anthony Falls area is unarguably the most historic section of Minneapolis. As a great natural wonder, the falls drew the attention of the earliest explorers and served as an important gathering place long before white settlers arrived.
Shown here in this video clip at the February 15 Zoning & Planning discussion, which concluded the Wave project did not need an Environmental Impact Statement (EIS), is Council Member Lisa Goodman taking a stand against the too-tall, too-large Wave riverfront condo development.
The project is proposed by Omni Investment Properties for the site of the former Fuji-Ya restaurant. The site, next to St. Anthony Falls on the Mississippi River, is owned by the Minneapolis Park and Recreation Board and is within the St. Anthony Falls Historic District.
The board members will meet informally to discuss possibly extending the purchase agreement for the former Fuji-Ya site.
By Neal St. Anthony
The proposed Wave development on the Mississippi River in downtown Minneapolis has ballooned since receiving approval. Read more Star Tribune