The latest plans for Pentagon Park include a 375- to 425-room hotel, 40,000 square feet of retail space and more than a million square feet of office space.
Edina’s comprehensive plan for the area called for 1.9 million square feet of new development, about half residential.
“Hillcrest Development is proposing not-so-much on the housing side,” said Community Development Director Cary Teague said. “We want to keep the door open for allowing housing.”
Hillcrest, a company that specializes in fixing up dilapidated properties, bought Pentagon Park’s two West 77th Street parcels in September 2012 and January 2013. The 11-building office park had been foreclosed in 2009.
Hillcrest presented six plans for renovating the office park to the city council in November.The city’s planning commission will consider a sketch plan for the 42-acre site at its Wednesday meeting. Hillcrest is looking for city approval for the project by late March. Redevelopment could occur over the next two to 15 years.