Economic Development
The area of Economic Development focuses on attracting new businesses and retaining existing businesses within the City. We provide guidance to businesses that are expanding and facilitate redevelopment within the community. The department works closely with the Economic Development Advisory Committee to provide these services.
ECONOMIC DEVELOPMENT ADVISORY COMMITTEE
The Prior Lake City Council has established an Economic Development Advisory Committee (EDAC). The committee’s purpose is to provide reports, analysis and recommendations to the City Council and Economic Development Authority on economic development matters assigned to the committee. Members of the EDAC are appointed by the City Council and shall serve three year-terms.
BUILDING VACANCY
The City of Prior Lake is working with local building owners to bring new business into the City. We have established a list of buildings with vacant space for lease, buildings for sale, and land for sale. Use the links below to search for the type of space that best fits your needs. For more information contact Community Development/ Natural Resources Director Danette Parr at (952) 447-9813.
CURRENT DEVELOPMENT PROJECTS
There are several developments currently underway within Prior Lake. Our Development Map, 2009 Development List (pdf), and Vacant Lots and Units list will provide more information on these developments.
Some of Prior Lake’s Current Development Projects Include:
Jeffers Pond
Development of this 336-acre site in the southwest quadrant of the intersection of County Rd. 42 and County Rd. 21 commenced in the spring of 2005. View the Latest Concept Plan
Deerfield Industrial Park
Lots in the Deerfield Industrial Park are located off County Rd. 21 and County Rd. 87. This industrial park, where infrastructure is now in place, is being developed by Eagle Creek Development.
View general information
 Shephards Path/YMCA
This 80-acre development includes:
- River Valley YMCA in Prior Lake that is under construction and scheduled to open August of 2009.
- McKenna Crossings Senior Housing first phase is open for use with second and third phases planned.
Spring Lake Estates
Spring Lake Estates is located on the north side of County Road 12 and just east of County Road 17. This site, developed by Arcon Development, Inc., contains a total of 121 single family sites.
View the Spring Lake Estates site plan
Crystal Bay Twinhomes
The Crystal Bay Twinhomes are located on the
southeast corner of County Rd. 82 and Fremont
Ave.
Summet Preserve
Summit Preserve is located at the northwest corner of County Roads 42 and 18. This future development will consist of villas, townhomes, condominiums, commercial and office, along with many other amenities.
DOWNTOWN REDEVELOPMENT
 The City of Prior Lake 2030 Vision and Strategic Plan calls for Prior Lake's downtown to be a unique community focal point and attraction that contributes to the City’s identity, offers opportunities for recreation, employment, housing, shopping and dining. Downtown redevelopment is also supported by the City’s Comprehensive Plan, Downtown Development Guide, Downtown Building Design Guidelines, and the 2030 Vision and Strategic Plan.
If you have questions or need additional information, please contact Community Development Director Danette Parr at (952) 447-9813.
THE MCCOMB REPORT
In 2004, McComb Group conducted a comprehensive study of the City of Prior Lake's residential, commercial and business park development potential. For a summary, click here. To obtain the full report, visit the Document Center.
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