Trammell Crow is planning a 168-unit apartment project a JC Penney owned parking lot at Minnetonka’s Ridgedale Center – Minneapolis / St. Paul Business Journal

A six-story luxury apartment building for people over age 55 would transform the southwest corner of the Ridgedale Center parking lot in Minnetonka.

High Street Residential, a subsidiary of Dallas-based Trammell Crow Co., has submitted plans for a 168-unit project on a surface parking lot owned by J.C. Penney.

The U-shaped building would be built just south of the Firestone auto shop and the J.C. Penney store. The project does not include the actual store, and J.C. Penney, in announcing eight Minnesota store closures last summer, did not include the Ridgedale location.

The project, designed by Minneapolis-based ESG Architecture & Design, has an amenity deck with a pool and hot tub, as well as underground parking.

In addition to the apartment building, Minnetonka’s project description says Trammell Crow would dedicate some of the land for a future park, which appears on site plans.

Just across the street to the south, developer Rotenberg Cos. has pitched plans to the city for a 93-unit luxury apartment project at the site of the former Redstone Grill, which moved into the mall.

This would’t be the first time J.C. Penney has sold property near a regional mall. Last year the company sold its Southdale Center store in Edina to Life Time Inc., which is demolishing the building and constructing a health club on the site.

The Trammell Crow project is tentatively scheduled for a Feb. 1 Planning Commission hearing.

J.C. Penney declined to discuss its real estate activities. Trammel Crow and the city of Minnetonka couldn’t be reached for comment.

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