Suburban downtowns around the west metro are being rebuilt as cities strive to revitalize their cores by capitalizing on the latest development trends.
Many new projects, both residential and commercial, are underway in an attempt to bring density and dollars to sagging suburban centers.
One method many developers and city planners have been favoring lately is massive mixed-use developments that feature luxury apartments sitting atop street-level retail.
Projects like Marketplace and Main in downtown Hopkins and Excelsior and Grand in St. Louis Park have created the high-density corridors city officials desire, although the jury is still out on their long-term effectiveness in suburban centers. These mixed-use projects are aimed at the still-surging rental market driven by young professionals and downsizing baby boomers.
"Five Central," which broke ground in downtown Osseo in July, is one such example. Five Central is being built by The Beard Group, which also built Marketplace and Main in downtown Hopkins.
"We expect the demographics at our project in Osseo will be the same as our project in Hopkins: 50 percent rented to millennials, 40 percent to the boom generation or older, and Generation X is really the remaining 10 percent," said Bill Beard, president and CEO of The Beard Group.
Attracting those more transient populations to live — and spend money — downtown is something cities are trying to achieve as the economy continues its slow climb out of recession.
"Getting more people downtown is something the city and the City Council, specifically, is really trying to address," said Osseo City Planner Riley Grams. "We've had a lot of stagnant businesses in the downtown area, especially during the recession, and now things are starting to pick up again. We're starting to see empty spaces fill up more quickly."