Work on a massive $25 million development at the corner of Third Avenue and Broadway, "The Rune," is drawing to a close for the year.

This week cranes are installing sheet piles at the site to provide temporary support for excavation, according to Ted Thompson, senior project manager for CI Construction in Alexandria that’s in charge of the work.

Once that is completed, there won’t be much activity until spring, Thompson said.

“This building has an extensive amount of elevated, poured-in-place concrete floors that are much more efficient to put in place when the weather is above freezing,” he said.

The developer is GoodNeighbor Properties LLC.

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This past summer, vacant buildings that last housed Bello Cucina restaurant and Blue Collar Bob’s were demolished to make room for the development.

The new five-story complex will consist of commercial and retail space, including a new restaurant – Mill Valley Kitchen, which is scheduled to open in 2022. The owners also have a Mill Valley Kitchen in St. Louis Park, a Mill Valley Market in Minneapolis and two Benedict’s restaurants in Wayzata and Rochester. According to its website, the restaurant will feature locally sourced meats, produce and seafood.

Some of the menu items listed on the website: shrimp and octopus ceviche, grilled chicken wings, ratatouille, Korean BBQ rice bowl, five-spice pork tenderloin, herb-roasted chicken breast and miso glazed sea bass. The restaurant also serves flatbreads, salads, burgers and other items.

The Rune will also include 72 market-rate apartments, ranging from studios to one- and two-bedroom units.

Four stories will be above ground on the Broadway side and three stories above ground on the Hawthorne Street side. The first floor, which will be at ground level on Broadway and have underground parking on the Hawthorne side, will be the commercial level.

There will be another underground parking level below this with 153 stalls.