The historic Como Congregational Church would be demolished if plans for a residential development are approved.
The city laid out three options for the development moving forward.
The redevelopment will transform much of the University's eastern portion of campus.
Local business owners said the a new work group could help smaller establishments navigate unique challenges.
Go Gopher Rentals LLC has proposed the property, which would convert a single-family home into denser housing.
A new addition to apartments along Central Avenue will bring 71 more units to the area.
One micro-unit project is being constructed in Marcy-Holmes while another is proposed.
The University of Minnesota Foundation presented an early concept plan on East Gateway to the Board of Regents last month.
The proposal includes 110 units of studio and one-bedroom apartments.