OTHERONGOING

Velair Purchase Agreement Covers Anoka Multifamily Site

Anoka has an ongoing purchase agreement with Velair Development Company for 2.55 acres of City land. The agreement supports development of a four-story market-rate multifamily apartment project, with closing expected in late 2026 and extensions potentially reaching mid-2027.

Document date · August 24, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
OTHER
Contract term
Purchase agreement entered into March 2026; closing contemplated for late 2026, with extensions potentially extending closing to mid-2027
Renewal date
2027-07-31
Renewal
The purchase agreement allows several extensions to the closing date, potentially extending closing to mid-2027. The agreement also includes a City repurchase right tied to commencement of construction.
Document type
AgendaPacket
Source document
Anoka AgendaPacket City Council Worksession 2026-08-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Anoka?

Velair Development Company was awarded this government contract by City of Anoka, as recorded on August 24, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Anoka AgendaPacket City Council Worksession 2026-08-24 (AgendaPacket), dated August 24, 2026 from City of Anoka. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Velair Development Company hold?

Velair Development Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Velair Development Company's profile

What is City of Anoka currently buying?

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