Address: 4400 Excelsior Blvd., St. Louis Park
Size: 84,000 square feet
Developer: Bridgewater Bank
Architect: DJR Architecture
Details: Two years after the St. Louis Park City Council rejected a mixed-use project along a busy stretch of Excelsior Boulevard, a new development anchored by Bridgewater Bank is finally a “go.”
The council earlier this month approved a new proposal for the bank to replace its branch at 4400 Excelsior Blvd., with a four-story, 84,000-square-foot corporate office. It will include a new 7,152-square-foot branch on the ground floor.
The building will also feature 7,530 square feet of additional retail and service space, including a restaurant, as well as a two-level underground parking ramp. The second and third stories will house Bridgewater’s executive offices while the top floor will host a co-working space for startups.
The latest iteration received a much-warmer reception than the original proposal made in 2015 by multifamily housing developer Dominium, which called for a six-story building with 148 apartment units built atop a new bank branch. Those plans triggered widespread concerns over housing density and traffic congestion around the busy intersection of Excelsior and Monterey Drive.
A traffic study conducted for the new project predicted the office-only plans would have a “relatively minimal impact” on congestion in the area, generating fewer trips than the Dominium project.