Ron Clark Construction proposes more Minnetonka rentals.

Byline: Matt M. Johnson

Already busy developing two multifamily projects in Minnetonka, Ron Clark Construction is adding a third to its workload, this time in the biggest commercial node along the city's stretch of Excelsior Boulevard.

The Edina builder is proposing a 58-unit, market-rate apartment building at 14317 Excelsior Blvd. The 1.31-acre site, which is just north of Glen Lake, is currently occupied by a single-family home.

The Minnetonka Planning Commission will consider recommending approval of the three story building at its Thursday meeting. The planning staff has already recommended that the City Council approve rezoning of the property from single-family residential to a planned unit development designation, as well as preliminary and final plats and a site and building plan review. The council is tentatively scheduled to consider the project at its July 22 meeting.

The project, named The Kinsel at Glen Lake, would include underground parking, a community room, an exercise room, co-working and meeting spaces and a common area deck on third floor, according to a project description from the builder. The construction site is in the southwest quadrant of Excelsior and Interstate 494.

The building would have a mix of studio and one- and two-bedroom units. Monthly rent for the apartments is expected to range between $1,200 and $2,600.

Ron Clark Construction did not immediately respond Wednesday to a request for comment on the project.

The Kinsel would rise in the middle of a commercial and residential area along Excelsior Boulevard that includes a Lunds & Byerlys grocery store, several restaurants, a U.S. Post Office and other apartment buildings.

Ron Clark Construction is currently building another Minnetonka multifamily project, a 38-unit phase of the Oakcroft Condominiums in the Legacy Oaks subdivision. Legacy Oaks is in the northwest quadrant of Highway 12 and Intestate 494. The builder is also developing a 49-unit apartment building at 4312 Shady Oak Road that includes affordable units. Pending approval of affordable tax credits to finance the project, construction of that building is expected to start in early 2020.

Although much of Minnetonka's new apartment inventory is being developed in the Opus II business park in the southeast corner of the...