Timeline
Rezone, 23 months from site control to close. Current phase: Site control.
1. Site control3 mo
Current phase- Gate
- Purchase agreement executed with entitlement contingency
- Owner
- Counsel
2. Feasibility2 mo
Ahead- Gate
- Untrended yield on cost clears the screen at the proposed count
- Owner
- Sponsor
3. Neighborhood and city pre-application2 mo
Ahead- Gate
- Staff report favorable
- Owner
- Sponsor
4. Rezoning and site plan6 mo
Ahead- Gate
- Council approval recorded
- Owner
- City
5. Appeal period1 mo
Ahead- Gate
- Expired without challenge
- Owner
- Counsel
6. Design to permit set4 mo
Ahead- Gate
- Building permit application filed
- Owner
- Architect
7. Permitting3 mo
Ahead- Gate
- Building permit issued
- Owner
- City
8. Financing and closing2 mo
Ahead- Gate
- Loan and equity close the same day as land
- Owner
- Sponsor
Today's zoning does not carry the count. The public path governs the clock. Months are the phase's illustrative default.
Tasks for Sourcing
3 of 5 closed. Stage entered Oct 20. Sample team.
- Site visitDue Oct 27
Development lead
- Broker callDue Oct 27
Development lead
- Zoning checkDue Nov 3
AnalystGates the stage
- Run the screenDue Nov 10
AnalystGates the stage
- Letter of intentDue Nov 19
Legal
- Name
- Sample site: Ashbury Commons
- Stage
- Sourcing
- Units
- 96
- Strategy
- Ground-up
- Zoning path
- Rezone
- Estimated total development cost
- $26,500,000
- Waiting on
- Owner responds to the second offer
- Gate due
- Dec 2026
- Gate owner
- Sponsor
- Days in stage
- 18
- Note
- Two parcels, one holdout. Walk-up zoning today; the rail overlay would carry the count.
- Working surface
- None yet
- Location
- North Minneapolis, West Broadway (neighborhood centroid 44.999, -93.309)
- Drawing state
- Not due until feasibility
- Drawing required at the feasibility gate
- Not due until feasibility · Architect
- Shows the unit count at a stated typology, not what fits on the site. Site acreage, zoning height and parking ratio not yet entered.
No drawing is due before the feasibility gate.
Developer notes
Sample analyst · Oct 22, 2026
Today's walk-up zoning holds the site near 72 units. The rail overlay is what carries the count to 96, so this one runs on the rezone clock.
Sample sponsor · Nov 1, 2026
Second offer sent at the same price per door with a shorter close. No answer from the second parcel owner after two letters.
Sample sponsor · Nov 5, 2026
If the holdout is silent by mid December, re-run the screen on the single parcel before spending anything further.
Documents
- Sample zoning map extractZoning · Oct 22, 2026
- Sample letter of intent, parcel oneLetter of intent · Oct 24, 2026
Names only. Sample records carry no files.
Change log
- Nov 1, 2026Sample sponsorGateOwner responds to the first offer changed to Owner responds to the second offer
- Oct 27, 2026Sample analystUnits72 changed to 96
- Oct 22, 2026Sample analystZoning pathBy right changed to Rezone
- Oct 20, 2026Sample sponsorStageNot tracked changed to Sourcing