Lupe Development Partners plans a mixed-use redevelopment of key retail properties at the intersection of Valley Creek Road and Interstate 494 in Woodbury. Plans include a new multi-tenant medical office building and prime retail including a drive-through restaurant at the 6.75-acre site. The Valley Creek project represents a once-in-a-generation site assembly opportunity in a high-demand market where Lupe Development will deliver on the City of Woodbury’s forward-thinking vision for more employment, retail and services at this important intersection.
A key component of the new development is a 34,000-square-foot medical office building. As part of the project, the existing Key Inn motel will be demolished to build the medical office facility. The retail buildings – a national chain restaurant and another 5,000-square-foot credit union anchored building – would front Valley Creek Road. Two small office buildings on Woodlane Drive would also be significantly renovated and made available for multi-tenant use.
The project is located near the Woodbury Theatre stop and park-and-ride on the Gold Line, a planned 10-mile dedicated bus rapid transit (BRT) route along Interstate 94 from Woodbury to downtown Saint Paul.
Lupe Development will begin demolition of the Key Inn in early 2020, and the former Spire Credit Union building in April 2020. Following construction, the first new buildings are scheduled to be operational by September 2020.