Former Prince Property to be Developed into Residential Neighborhood

June 29, 2018 07:43 PM

The biggest land parcels in Chanhassen once owned by Prince will soon be developed into a residential neighborhood with about 200 single-family homes. However, don't look for any streets named after Prince songs.

"There won't be a Purple Rain Parkway, there won't be a Little Red Corvette Court, there won't be a Love Sexy Lane....that sort of thing," Chanhassen Mayor Denny Laufenburger said.

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He says Prince's heirs have asked the city and developers not to use any Prince trademarks in the development.

RELATED: Prince Estate, Sony Ink Distribution Deal for 35 Albums

"The property has a great deal of history to it because of Prince's ownership of the property and we certainly want to respect his ownership and his legacy," Laufenburger said. "However, in Chanhassen this property is now treated as a property for development."

 

The 188 acres is made up of five parcels off Galpin Boulevard to the west and Lake Lucy and Lake Ann to the east. Carver County property tax records last year showed an estimated value of just over $16 million. The property was purchased by Lennar Homes.

The developer has two proposals that will be considered by the city planning commission starting in July.

RELATED: Warner Bros. to Release New Prince Album in September

The homes in the potential development range from just under 2,000 square feet to nearly 5,000 square feet. 

Neighbors who live near the property say it's unfortunate the pristine woods and wetlands will be developed, but recognize it was probably inevitable after Prince's death in 2016.

"It's a little sad, but hopefully it will actually add to (our) value as opposed to take away if we can keep some of these woods," said Mark Gempler, who's lived next to Prince's property since 2004.

RELATED: Town of Henderson Prepares for 3-Day Prince Festival Celebration

It's unclear how the development will eventually look, but the city will push for as much parkland and preservation of woods as possible.

Construction is expected to start in the fall of 2019 and will take two to three years to complete.

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Ben Rodgers

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