The Wayzata Planning Commission will review a proposed project thatwould convert the existing former TCF Headquarters Building at 200 East Lake Street in Wayzata to a 10-unit condominium building.
Two new structures would be added to east and west of the current building. The proposed eastern building would include 10 condominiums and the proposed western building would include 18 town homes.
Condos for Sale on Lake Minnetonka
The entire project would stretch from Barry Avenue to Ferndale Road along the south side of Lake Street.
Small “pocket parks” would be developed on the far east and west ends of the property.
The current structure was build in 1990. It served as the corporate office for TCF National Bank. TCF employees moved to other offices and the building was listed for sale.
The existing building would not change. It has a legal non-conforming height of 52 feet to the top of the gable and 60 feet to the top of the spire..
Courtesy ESG Architecture & Design
Under the proposal, the property is envisioned as entirely residential. No commercial or other office uses are planned.
One question the Planning Commission will consider is whether an all-residential use of the property be appropriate for the site.
Courtesy ESG Architecture & Design
The Planning Commission could direct staff to prepare a draft Planning Commission Report and Recommendation.
This would then be reviewed at the following Planning Commission meeting.
Courtesy ESG Architecture & Design
Minnetonka-based Lake West Development, LLC and Minneapolis-based ESG Architects are working on the project. Lake West Development has a signed purchase agreement for the property that would allow it to redevelop the property as it proposes.
The City of Wayzata only allows buildings in a Planned Unit Development (PUD) District to be 35 feet tall. The building height in this proposal complies with the 35-foot rule.
Courtesy ESG Architecture & Design
