Marketplace at Cedar: A Major New Commercial Hub Coming to Lakeville

The Marketplace at Cedar, developed by Oppidan Investment Company, received unanimous approval from the Planning Commission and City Council in March 2025, marking a significant milestone for the community's economic growth with a proposed time to start construction of Spring 2026.

Project Overview

Located at the prime intersection of Cedar Avenue (CSAH 23) and 179th Street, the Marketplace at Cedar will transform 31.72 acres of undeveloped agricultural land into a vibrant mixed-use commercial destination.

This strategic location places the development at the heart of Lakeville's growing Cedar Avenue corridor, perfectly positioned to serve both local residents and regional visitors.

Key Project Details:

• Developer: Oppidan Investment Company

• Total Size: 31.72 acres

• Commercial Lots: 9 individual lots for various businesses

• Timeline: Construction anticipated to begin Spring 2026

• Zoning: M-2 Mixed Use Cedar Corridor District

What's Coming to Marketplace at Cedar?

The development will feature nine distinct commercial lots, each designed to accommodate different types of businesses that will serve the community's needs:

Confirmed Business Types:

1. Veridian Credit Union - Banking Services - A full-service bank branch

2. Pacific Dental Services & Starbucks - Multi-Tenant Retail - Flexible space for various retailers

3. Taco Bell - Quick-Serve Restaurants (2 locations) - Fast-casual dining options

4. Valvoline - Automotive Services - Oil change and minor auto repair facility

5. Mister Car Wash - Car Wash - Modern vehicle cleaning facility

6. Everbrook Academy - Daycare Center - Childcare services for local families

7. ALDI - Grocery Store - Full-service grocery for daily needs

Community Benefits

The Marketplace at Cedar represents more than just new businesses – it's an investment in Lakeville's future:

Economic Impact:

• Job Creation: Multiple new employment opportunities across various sectors

• Tax Revenue: Increased commercial tax base supporting city services

• Consumer Convenience: Essential services closer to residents

• Property Values: Quality commercial development enhancing surrounding area values

Transportation Improvements:

• Right-of-Way Dedication: Additional space dedicated for Cedar Avenue and 179th Street

• Traffic Infrastructure: Improvements designed to handle increased volume

• Alternative Transportation: Enhanced pedestrian and potential future transit connections

Regulatory Approval Process

The development underwent thorough review by multiple city departments and agencies:

Key Approvals Received:

• Dakota County Plat Commission - November 2024

• Lakeville Planning Commission - March 6, 2025 (Unanimous approval)

• Lakeville City Council - March 17, 2025 (Final approval)

• Wetland Replacement Plan - February 12, 2025

Next Steps & Timeline

With preliminary plat approval secured, the project moves into its implementation phase:

Immediate Next Steps:

• Final Plat Application: Detailed engineering and construction plans

• Individual Site Plan Reviews: Each business will submit specific development plans

• Construction Permitting: Building and development permits for infrastructure

• Construction Start: Anticipated Spring 2026