The Brooklyn Park Economic Development Authority approved development partners for two major sites and set conditions for a multimillion-dollar loan forgiveness during its meeting Monday.

The commission selected Beer Companies and Gramercy Companies to develop the Oxbo Common sites, while choosing Kraus Anderson for the former park and ride site. The partnerships will allow staff to enter negotiations toward feasible development concepts for the strategically located Highway 610 corridor properties.

In a separate action, commissioners approved loan forgiveness for Huntington Place Apartments contingent upon the city receiving a $4 million federal congressional spending grant. The decision modifies previous conditions that would have required both the federal funding and a $450,000 settlement from the lender. Community Development Director Tim Gladhill said the city had a more positive meeting with HUD officials Monday morning regarding the grant application.

The EDA also approved transferring city-owned land to facilitate a $2,000 sale to an adjacent property owner. The small parcel at 92nd Avenue North will require utility easements to protect public infrastructure access before the final sale to Adam Shiso.

Additionally, commissioners authorized a contract with Fairmount Properties for biotech innovation district implementation services not to exceed $600,000 over two to three years. The Brooklyn Park Small Business Center reported 1,370 visitors in the first quarter of 2025 and revenue of $2,210 from meeting room bookings.