Clinic pulls out of development
Kraus Anderson can't get a break. The company, which planned to build a strip mall on the Genz Ryan property along Highway 3, has suffered another setback on the project. Its anchor tenant Health East backed out of the project citing financial concerns.
The Genz Ryan property is on the west side of South Robert Trail north of County Road 42. The site is considered part of downtown Rosemount.
The company has a month left on its purchase agreement with the city and still hopes to find some tenants, said city administrator Dwight Johnson.
He said Kraus Anderson has expressed a continued interest in building something on the property and will continue to seek out a good fit for Rosemount.
Originally Kraus Anderson had planned to build a 17,000 sq. ft. building that would have housed the Health East clinic and other businesses. Earlier this month the council approved an amendment to the planned unit development to build only 12,000 square feet for the clinic and the rest when additional tenants were found.
This additional blow has put any building on the property in the near future up in the air.