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.