The Highway 41/Peavey Road roundabout is complete!
The new roundabout will provide safer access to Peavey Road and the new Oak Ridge Commons site, which includes Costco. The roundabout will also allow for better traffic flow on Highway 41.
The roundabout is now open for use. No further traffic impacts are expected, but there could be some temporary impacts next spring to complete restoration activities. We will provide any updates before any traffic impacts occur if they are necessary.
About Oak Ridge Commons
Oak Ridge Commons is a private development on the former site of the Oak Ridge Hotel and Conference Center. The site will have apartments and a Costco. The site will offer connections to the existing regional public trail and parks system and easy access to destinations in Chaska and surrounding communities.
Construction began in fall 2022. Once complete, the development will include:
- A Costco that will include a liquor store and gas station with ample parking (779 spaces). The Costco is scheduled to open in late summer 2024.
- Springs at McKnight Lake: 280 market-rate apartments that are built in a townhome style. These will be spread across 14 buildings. The first units are anticipated to be available in late fall 2023.
- Oak Ridge Hotel & Conference Center: currently for sale. There is not a buyer yet, but the developer is actively marketing the space.
Review the planning steps this project went through.