Local real estate developer Ryan Companies has revealed its plans for 179 acres of the former Thomson Reuters site in Eagan and it includes a mix of light-industrial and residential uses.
Ryan, which entered a purchase and sale agreement with Thomson Reuters earlier this year, intends to redevelop the parcel to include light industrial uses like warehousing and distribution centers and up to 320 residential units, according to city documents.
The proposed plan would require a comprehensive guide plan amendment to change the land use designation from major office to industrial and low- and medium-density residential.
“The proposed project is contemplating redeveloping the site with a combination of residential and light industrial uses in a manner that would thoughtfully interact with the existing land uses surrounding the site,” the applicant’s narrative states.
As outlined in the proposal, 120 acres would be allocated to industrial use in the central and eastern portion of the site and could include a data center, research and laboratory spaces and an office showroom.
The remaining 59 acres would have a mix of housing types including townhomes, twin homes and single-family homes.
The proposal indicates that 35 acres at the southwest portion of the site would be marked low-density residential and could house 70 to 140 units while the remaining 24 acres at the northwest portion of the site would be marked medium-density and house 80 to 180 units.
Thomson Reuters, which relocated to a new 300,000-square-foot office near the Minnesota Vikings headquarters, still maintains its print manufacturing facility at the Eagan campus.
Still up in the air are the developer’s plans for the mammoth 1.2 million-square-foot office and data center building at 610 Opperman Drive that Reuters left behind.
“Ryan is currently evaluating solutions to preserve all, or a portion of the current office building and data centers located on the site,” the narrative states, but due to current market conditions, the developer notes “it is likely” the existing buildings may be replaced.
Thomson Reuters has been in Dakota County since 1996, when it bought out West Publishing for $3.4 billion. West Publishing had offices in downtown St. Paul until 1992, when they moved to Eagan.
Ryan is also the developer behind a 40-acre parcel of Rice Creek Commons in Arden Hills, which it plans to market to prospective tenants as a potential corporate campus, research and development center, or a mix of manufacturing and distribution facilities alongside retail and restaurant space.
The Advisory Planning Commission for the city of Eagan is expected to hear the developer’s proposal for the Thomson Reuters site Tuesday night.
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