.

Woodbury to Consider Opening Up Phase 2 for More Development

An update on the Gateway Corridor is also on Wednesday night’s Woodbury City Council agenda.

In January, the city decided to defer the opening of the Phase 2 area of the Woodbury for development.

With infrastructure improvements in the works and an apparently rebounding housing market, Woodbury will again discuss its options for allowing further housing in Phase 2.

Spread across 2,150 acres, the area has enough land to accommodate about 600 units a year for a decade, according to a memo for the Woodbury City Council, which will discuss the matter Wednesday night.

      Related: Woodbury Defers Opening Phase 2 for Development

Specifically, city staff believes the Fields of Woodbury area (sub-phase 2A) is ready for development, based on declining lot inventory in the city and an uptick in the housing market.

There would still be infrastructure work to finalize—a trunk sewer line, route: {:controller=>"articles", :action=>"show", :id=>"new-sewer-would-spark-new-development-in-woodbury"} --> and

Kory Lasker September 18, 2012 at 02:41 PM
Is the Gateway Corridor project the one that possibly includes a new Park&Ride to downtown?
Kris Janisch September 18, 2012 at 02:42 PM
Yes Kory. I think it stretches from downtown St. Paul into Wisconsin, but it looks like some parts of the project have changed.
Rick Rock September 18, 2012 at 05:28 PM
So perhaps some one knows if building more homes in Woodbury helps existing homes' values and sale opportunity?
Rick Rock September 18, 2012 at 05:29 PM
And has the housing 'uptick' been a substantiated trend at this point?
Kris Janisch September 18, 2012 at 05:31 PM
I saw something from the LA Times this morning, more recent than this, but got caught up and forgot to post it here. But this story is from Sept. 4. http://www.latimes.com/business/money/la-fi-mo-home-prices-20120904,0,1983417.story
Joe September 18, 2012 at 09:14 PM
Does anyone know if all of these Gateway Corridor options end at the new St. Paul LRT station. If so, the people that commute from Woodbury to MPLS are going to have drastically increased communte time compared to the existing express bus service that runs to MPLS. This is mainly due to the fact that the central corridor LRT line is going to be slow and stopping frequently. Will they keep the express bus service to MPLS as an alternative?
Paul Whackernutz September 19, 2012 at 03:04 PM
Not all is as it appears. The "uptick" is being caused by a shortage of homes on the market. There are a lot of people that would like to sell but can't because they owe more than they can sell for. The foreclosure and short sale wave hasn't run it's course yet, either, and could get worse if the economy stumbles. The feds reported yesterday that mortgage lending is at a 16 year low despite record low rates. You need platinum credit, cash (no 100% financing) and a good job to qualify, so the pool of buyers is weak. If prices keep firming, there'll be more inventory coming, and if the economy tanks, they'll be more inventory coming. Time to build more? I'd be real careful.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »