WAYZATA, MINNESOTA


Locust Hills

Advising the heirs of the founder of Honeywell, Inc., regarding their private, 70-acre estate with an mile of frontage on Lake Minnetonka.


WAYZATA, MINNESOTA


Locust Hills

Advising the heirs of the founder of Honeywell, Inc., regarding their private, 70-acre estate with an mile of frontage on Lake Minnetonka.

“Sensitive development of a Historic Estate.”

LOCUST HILLS, WAYZATA, MINNESOTA

Strategies:

  • Assess, identify, and record the outstanding features of the estate.
  • Prepare alternative development scenarios to measure the capacity of the land, including financial analyses of each scenario.
  • Conduct work sessions with the family to reach an agreement on the preferred balance between development and conservation.
  • Identify lands to be retained by individual family members.

Outcomes:

  • The endorsement by all members of the family to land conservation and a low-density development strategy that achieved aspirations for a financial return.
  • Adopting a process for family decision making for the future.
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