Minneapolis set to pick first developer for Lake Street Kmart site

The Minneapolis City Council is poised to formally select the developer that will rebuild the first part of the former Lake Street Kmart site.

Zoom in: Trellis Co.'s design calls for erecting 119 affordable apartments on a portion of the property to the east of a rebuilt Nicollet Avenue.

• The site would also contain two retail spaces, an indoor space for use by the Minneapolis Park & Recreation Board, and a 40,000-square-foot Boys & Girls Club facility.

Catch up quick: Only one other developer, the nonprofit Aeon, was in the running to be the first phase developer.

• But Aeon withdrew last month, leaving Trellis as the lone remaining applicant, Finance & Commerce reported.

What's next: City officials are set to present Trellis' application to the council later today.

• At the earliest, construction could begin in 2028.