Canterbury Commons is a multi-phased development that will eventually fill 68 acres of underused space directly west of Canterbury Park. The development will be one of the largest in the history of Shakopee and contain a mix of housing, retail, hotel and entertainment. The final development will contain 856 residential units, a 120-room hotel and 93,000 square feet of commercial space for retail and entertainment options.

Alignment to Community Priorities and Goals

Canterbury Commons fits with the goals and priorities of the community and the comprehensive plan by helping to grow the population base by offering a mix of living types including apartment and town homes, builds upon Shakopee as a regional draw with the addition of more hotel and retail space and concentrates growth in an already developed area of the city on underutilized land. 

Projects

  • The Triple Crown Residences of Canterbury: Construction of a 600-plus-unit apartment complex, along with clubhouse and gatehouse, as well as numerous amenities, an extensive trail network and extension of Shenandoah Drive.
  • Canterbury Southwest: Construction of a new mixed-use development to include a retail/restaurant space, office building, four-story hotel and independent senior living building.
  • Canterbury Crossing: A proposed 164-unit development with 56 senior co-op housing and 108 townhome units 

Timeline

 PHASE 1 TIMELINE    

Application for preliminary plat of Canterbury Park 7th Addition received

 City Staff Feb. 1, 2018
 TIF District approval City Council March 2018

Preliminary Plat approval for Canterbury Park 7th Addition

 Planning Commission April 5, 2018
City Council April 17, 2018
Private development agreement for public improvements approved City Council  Aug. 8, 2018
Construction begins on apartment building, Shenandoah Drive extension   August 2018
Preliminary/Final Plat approval for Canterbury Park 9th Addition Planning Commission  July 11, 2019
City Council Aug. 7, 2019 
 Shenandoah Drive extension completed City  November 2019 

Preliminary/Final Plat approval for Canterbury Park 9th Addition

 Planning Commission  May 7, 2020
City Council

May 19, 2020
Planned Unit Development, Rezoning, and Preliminary/Final Plats for Canterbury Crossing received a recommendation for approval  Planning Commission November 5, 2020 
Planned Unit Development, Rezoning, and Preliminary/Final Plats for Canterbury Crossing was approved City Council  November 17, 2020 
Unbridled Avenue Construction: The city is completing this new road connecting County Highway 83 to Shenandoah Drive and will serve as the event entrance to Canterbury Park. Engineering Division 2020
County Highway 83 Reconstruction: Scott County is planning a major reconstruction of County Highway 83, including conversion to concrete lanes along with a new trail. Scott County  2021-2022

Canterbury Southwest: Omry Apartments, a 147 unit senior apartment complex at 2900 Winner's Circle Drive has a building permit application under review.

City

  Spring 2022
Canterbury Crossing: First few townhouse buildings are under construction, awaiting building permit application submittal for the Artessa (56-unit senior co-op).
 City  Spring 2022 
Canterbury Crossing: Planned Unit Development Amendment application received from Pulte Group to amend the PUD to develop 45 townhomes on Outlot A of Canterbury Crossing, 1805 Hauer Trail (PID: 27-502066-0) and proposes to shift the second phase townhome units slightly north from the original approved plan. City May 5, 2022 

Funding

This development will be receiving financial assistance from the city through a Tax Increment Financing (TIF) District, which was approved in March 2018. This funding will be used on street, sidewalk and utility construction costs only and will be repaid.

In August, the City Council approved a contract for private development for public improvements that lays out specific requirements and how  TIF funds will be distributed. The TIF funds, approximately $33 million, will be divided as following:

  • $10.5 million in TIF bonds for reconstruction of 12th Avenue (east of County Highway 83); Eagle Creek Boulevard/Vierling Drive roundabout; internal roundabout; and County Highway 83 improvements, including turn lane widening, better access controls and improvements to Highway 169 ramps. Scott County will receive approximately $1.13 million of the proceeds.
  • $16 million for the construction of Shenandoah Drive and Barenscheer Boulevard (Unbridled Avenue), including right-of-way acquisition to allow alignment at Valley Industrial Drive. 
  • $7 million for the extension of Vierling Drive.

Community Impact

Canterbury Commons will construct new public streets that will connect Shenandoah Drive to Eagle Creek Boulevard. The project is the first phase of a larger plan to transform the Canterbury area.

Drawings/Attachments