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Cypress Development has spent months preparing architectural plans for the construction of Renaissance apartments

Submitted Photo A rendering from Cypress Development shows the west elevation in the developer’s design plan for the downtown Renaissance parking structure.

Cypress Development announced Monday it has been preparing final plans to submit to the city of Minot for the approval of a five-story, $20 million residential apartment complex above the Renaissance parking structure in downtown Minot.

The Minot City Council voted March 15 to end its relationship with Cypress Development, calling in loans to the developer that currently are at $1.77 million with interest and suing the developer for at least $1.76 million in other costs.

“We are going to work this out in court and we believe we will still be able to move forward with building the apartments after that,” Janine Carnel, Cypress’ vice president of marketing and communications stated in an emailed response.

When completed, the apartment complex planned by Cypress would consist of about 175 units, with a mix of studio, one-bedroom and two-bedroom apartments. The Renaissance parking structure is located at 205 1st St. SW.

Ryan Anderson of Ackerman-Estvold of Minot has been hired as the architect of record for the apartment construction. Ackerman-Estvold also will perform construction administration, which includes quality control supervision of the project to completion. They also have been hired for additional downtown Cypress projects.

Submitted Photo A rendering show the design for a completed Renaissance parking structure from the south elevation.

In Monday’s release, Cypress stated it has been working with the City of Minot for the past several months on a resolution to the parking structure situation that would not cost the city or residents of Minot money. Cypress stated the biggest hurdle was to have the city live up to its obligation of finishing the parking structures, which the city owns.

Cypress explained that before it could proceed with building out the retail portion of the parking structures, it was necessary for the city to complete the installation of windows and doors, the roof over the retail space and repair the improperly installed siding to meet the manufacturers’ warranty.

Cypress would then move forward with the development of 27,000 square feet of leasable space for retail. Businesses currently in negotiations with Cypress for this space include a small grocery, several restaurants, a coffee shop and a learning center.

“It’s unfortunate that the situation with Cypress Development LLC has reached this point,” Minot City Manager Tom Barry said in a prepared statement. “But the City of Minot has taken necessary legal action to protect its interests. Despite claims to the contrary, the City has fulfilled its obligations as required by the agreements with Cypress. This is now a legal dispute that will be settled in a court of law.”

Cypress said it is moving forward with all its projects.

“This development is the latest in Cypress’ focus on revitalizing downtown Minot,” Cypress stated in its release. “Cypress is in the process of completing renovation of the former YMCA building into available business space and the Y-Commons apartments at an investment exceeding $6 million. Cypress is also working on the final phase of architectural drawings to submit to the City for the event center located in the former gym space in the building. The drawings are necessary to obtain construction permits. The adjacent, newly-constructed Y-Commons Condos are in their final phase and will be completed Spring 2018.”

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