The 12.5-acre parcel of land that has stood between Roseville and its decades-long effort to finish its Twin Lakes development has a new developer.

Minneapolis-based Hyde Development will redevelop the site, located at 1945 Twin Lakes Parkway, into a 152,250-square-foot light industrial tech building, Twin Lakes Technology. The project is expected to be completed this time next year.

The state Department of Employment and Economic Development awarded the Roseville Economic Development Authority $373,000 for site demolition and public infrastructure improvements, DEED announced last month.

“We design these buildings to be flexible to different users,” said Hyde Development CEO and owner Paul Hyde. “And the tenants we are trying to attract are medical-device companies, life science compan

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