Collins and Main offers on hold
By Brian L. Gray
Receiving two offers for the property on the northeast corner of Collins Avenue and Main Street, the Mandan City Commission has asked both interested parties to consider teaming together with a plan for the city-owned space.
The commission received two offers from BNC Bank and Dakota Commercial, Community Contractors and JLG Architects for the property. Upon a recommendation from Commissioner Sandi Tibke, the commission asked that both parties meet to discuss and consider creating a joint offer to the city.
Dakota Commercial, Community Contractors and JLG Architects has offered to invest $4.2 million into constructing up to 30 apartments in a four-story building. Some of the team’s developers have previously built Mandan Place and Liberty Heights.
The development team is asking for the city to donate the land instead of its asking price of $162,250, and will also plan to seek city tax incentives.
The look of the building would match the historical look of downtown. Construction would begin in the spring and be completed by the end of 2013.
The plan includes leaving the first floor of the building for a commercial tenant. Developers were asked by the city commission if they would consider working with BNC to become its first floor tenant, and the developers said they would be in agreement if that was the commission’s wishes.
Jason Arenz, of BNC Bank, said that the bank is planning to expand and offer commercial and agricultural banking services, and is looking to have a presence on Main Street. The bank has offered to purchase the land for its asking price of $162,250 and invest $1.5 million in the construction of a two-star building. Arenz pointed out that the bank would not be seeking any tax incentives.
The bank plans to build a courtyard which includes a plaque featuring Father Collins, and the plaque would offer some history on the person Collins Avenue was named after.
The bank would employ between 12 to 15 people. Construction would begin in early spring and be completed by the end of the year, Arenz said.
“With the growth of Mandan, we all know a part of that growth involves having strong banking alternatives,” Arenz said.
One concern pointed out by the commissioners is that the proposed look of the bank is too modern for the historical look of its neighboring buildings.
Arenz said that while the look of the bank is contemporary, it would help to beautify downtown Mandan.
No action was taken for any entity to take over the property during the commission’s meeting on Nov. 20. The vote was also delayed because two commissioners were not present.
Following the upcoming meeting between the two entities, both will return to the city commission for approval during either its Dec. 4 or 18 meeting.