DOCSLIB.ORG

2008 Retail Report Cover FRONT and BACK Together:MSCA Newsletter Option 1.Qxd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2008 Retail Report Cover FRONT and BACK Together:MSCA Newsletter Option 1.Qxd 2008 State of Retail Real Estate Report MINNESOTA SHOPPING CENTER ASSOCIATION phone: 952-345-0452 8120 Penn Avenue South, Suite 464 fax: 952-888-0000 Bloomington, MN 55431 web: msca-online.com msca-online.com 2008 MSCA Research Committee A special thanks to: The data for the 2008 MSCA Retail Report shows vacancies and rental Maura Carland rates as of August 1, 2008. Property information was provided by members Andrew Chana, Marcus & Millichap of MSCA, as well as the MNCAR “Xceligent” database. Data contained in Andrea Christenson, Colliers Turley Martin Tucker this report is the property of the Minnesota Shopping Center Association David Daly, NorthMarq and may not be copied without prior consent. Tim Davis, Consolidated Photo Adam Fisher, MNCAR Demographic reporting solutions was provided by Claritas, the leader in Peter Grones, Cambridge Commercial Realty providing demographic reporting solutions. Claritas is your most accurate Sara Martin, NAI Welsh online source for U.S. demographics. Jim Mayland, Colliers Turley Martin Tucker Kelcey McKean, Colliers Turley Martin Tucker The 2008 MSCA Research Committee performed the statistical analysis. Dan Mossey, Kraus-Anderson Companies Marcus & Millichap Additional copies of this report are available by contacting the Minnesota MNCAR Shopping Center Association at (952) 345-0452. Tricia Pitchford, NorthMarq Holly Rome, Mall of America ©2008 Minnesota Shopping Center Association Ronn Thomas, NorthMarq 8120 Penn Avenue South, Suite 464 Molly Townsend, Colliers Turley Martin Tucker Bloomington, MN 55431 Leah Truax, NorthMarq John Tramm, Coldwell Banker Commercial Griffin Companies (952) 345-0452 Neal Young, Minnesota Department of Employment & Economic Development www.msca-online.com Table of Contents 1 Introduction . 2 Executive Summary . 3 Glossary of Definitions. 3 OPINION SECTION Development/Redevelopment Activity/Real Estate Trends . 4 New Retailers/Bankruptcies/Acquisitions/Mergers . 6 Investment Market . 7 Legislative . 7 Economic Climate . 9 2008 Gas Prices . 10 Residential Retail Growth. 12 Housing. 12 Light Rail Transit . 13 2007 STARRSM Awards Interior Design . 16 Design and Aesthetics . 16 Development Process . 16 Renovation/Remodel. 16 Redevelopment . 17 Mixed Use. 17 Individual Awards . 17 OVERVIEW OF TWIN CITIES PROPERTIES Market Size. 18 Vacancy . 19 Rental Rates. 20 CAM Expenses. 21 Real Estate Taxes . 21 Comparisons of All Expenses . 22 PROPERTY SECTION Super-Regional Centers . 24 Regional Centers & Property Listing of Regional Centers . 26 Community Centers & Property Listing of Community Centers . 28 Neighborhood Centers & Property Listing of Neighborhood Centers . 31 Minneapolis CBD & Property Listing of Minneapolis CBD. 38 Saint Paul CBD. 40 OUTSTATE SECTION Introduction to Outstate Properties . 41 Bemidji . 42 Brainerd/Baxter . 42 Duluth . 43 Mankato . 43 Hibbing. 44 North Branch/Cambridge . 45 Rochester. 45 Saint Cloud . 46 RETAILER PROFILES . 47 MSCA 2008 Leadership. 53 APPENDIX: Alphabetical Property Listing, by City . 54 MSCA 2008 Committees. 70 MSCA 2008 Corporate Sponsors . 72 MSCA Membership Benefits. 73 2 Introduction elcome to the 2008 MSCA Contained in these pages is Retail Real Estate Report! something for all industry players. A WThe members of the broker can get a snapshot of new Research Committee have worked retailers before a pitch, and a hard this year to produce a property manager or property comprehensive report that covers owner could compare his or her everything from the effect of rising center’s operating expenses to fuel prices to lists of shopping others’. We would like to express a center Common Area special thanks to the 2008 Research Maintenance (CAM), taxes and Committee—without their work, this rental rates. For the past 19 years, report would not be possible. We MSCA’s Retail Real Estate Report would also like to thank MNCAR has tracked Minnesota’s shopping and all data participants. We hope center market as it has expanded you will find a multitude of uses for and evolved. The information used this report. in the quantitative part of the Jen Helm report is generated by the Xceligent database through a Drew Johnson partnership between MSCA and 2008 MSCA Research Co-Chairs the Minnesota Commercial Association of Realtors (MNCAR), as well as input from a host of retail real estate experts. 2008 MSCA RESEARCH COMMITTEE MEMBERS Jack Appert, Kraus-Anderson Companies Jim Mayland, Colliers Turley Martin Tucker Eric Bjelland, NorthMarq Robb Miller, T.E. Miller Development John Dietrich, RLK Incorporated Ashley Moen, Hempel Nick Furia, Fredrikson & Byron, P.A. Doug Mortenson, Commercial Property Consultants Janet Goossens, Kraus-Anderson Companies Suzie Rettinger, Coldwell Banker Commercial Jennifer Helm, NorthMarq Griffin Companies Drew Johnson, United Properties David Stalsberg, Kraus-Anderson Companies Michelle Koeller, Integra Realty Resources Brenda Thomas, Doran Companies Jennifer Lenhart, Bayport Properties Ken Vinje, Kraus-Anderson Companies Joe Mahoney, H.J. Development, Inc. Executive Summary & Definitions 3 EXECUTIVE SUMMARY GLOSSARY OF he slowing of retail real estate On the legislative front, three DEFINITIONS momentum that began in 2007 controversial bills that will effect the Thas slowed still further in 2008, retail real estate industry were Property resulting in few new transactions passed and signed into law: the Classifications and negative absorption. The transportation bill and two Omnibus For the purpose of this economy was the focus of all Tax bills. The transportation bill only report, a shopping industry players as subprime became law when the governor’s center’s classification mortgage issues, rising fuel and veto was overridden. A portion of is based solely on commodity prices, weakening of the transportation bill secures square footage. the dollar, and rising funding for the planning and Central Business unemployment all contributed to expansion of Light Rail Transit (LRT). Districts (CBDs) are economic uncertainty on both a Trends in retail real estate continue evaluated by local and national level. In to be “green” building practices, location only. All Minnesota, the largest challenge even though other real estate statistical inferences owners and developers will face is products, such as office space, are are based on the filling their small-shop space, while initially more suitable for some of following definitions: the largest challenge for retailers the specific accreditation Super-Regional will be maintaining their sales in a programs. Center—800,000 down economy. Despite these Overall, the state of the 2008 retail square feet and up; reasons to be cautious, a few key real estate industry has been “wait enclosed centers retailers continue to be active, and and see”. Retailers, brokers, and new retail space will still be Regional Mall— developers will search for delivered to the market in 2008 and 400,000–799,999 opportunistic development but into 2009. square feet; enclosed carefully underwrite each deal, all centers In 2008, many companies the while waiting for the industry postponed or downsized their improvement likely to follow a Regional Center— developments; but a total of over recovering economy. 400,000 square feet 1.7 million square feet is under and up construction or will be delivered in Lifestyle/Open Air 2008. Hotels were active in 2008 as Center—400,000 shown by the Minneapolis Central square feet and up; Business District (CBD), which will nonenclosed centers deliver almost 1,100 rooms in 2008–early 2009. While Minnesota Community Center— saw new retailers arriving in 2008, 150,000–399,999 the number of stores closing or filing square feet Chapter 11 outpaced that activity. Neighborhood This trend paralleled the nation, Center— where soft goods retailers were 30,000–149,999 especially hard hit. The retail real square feet estate investment market also slowed considerably. Access to (CBD) Central debt, economic instability, pricing Business Districts of gaps, and alternate investments all Minneapolis and were factors. Saint Paul—regardless of square footage 4 Opinion Section Developers are set DEVELOPMENT/REDEVELOPMENT ACTIVITY/ to deliver 1.7 million REAL ESTATE TRENDS square feet of new s expected, 2008 Development activity is projected space in 2008, development activity is down to focus on renovations and which is down Ain comparison to last year, remodels, creating opportunities for roughly 8% from last and well off the yearly pace of owners with value-added or year. An additional retail square footage delivered in repositioning strategies. This, in turn, 2001–2005. Harder to quantify, is the is keeping properties fresh and 2.2 million square number of retail developments that alluring to both retailers and feet is in the have been announced but not consumers. While trying to adapt to pipeline, down 53% built. In the case of some projects, the new market conditions, more from the same time owners are breaking developments and more developers are choosing one year ago. into phases and only building what to build “green,” in an attempt to they have pre-leased. As an cut down on energy costs and increasing trend, retail attract new tenants. Retailers are development is tenant-driven and incorporating green practices into projects are being underwritten their buildings both as a result of more carefully by all stake holders: pressure from shareholders and for owners, tenants, lenders and operational savings. This trend will communities. continue to spread as energy prices New developments rise and tenants become more These trends are a result of the are becoming detail-oriented in their choosing of negative absorption and overall increasingly tenant- centers. increase in Community Centers driven, as the risk of since 2007. The overall economic New developments are becoming buying land on factors of falling consumer increasingly tenant-driven, as the speculation is confidence, higher gas and risk of buying land on speculation is beginning to commodity prices, credit crunch, beginning to outweigh the rewards. and decreasing residential values.
Load more

Recommended publications
  • Oklahoma City 2011 Year–End Retail Market Summary TABLE of CONTENTS
    Oklahoma City 2011 Year–End Retail Market Summary TABLE OF CONTENTS Retail Market Summary 1-2 Sales Summary 3 North Submarket 4-5 Northwest Submarket 6-7 South Submarket 8-9 Edmond Submarket 10-11 West-Central Submarket 12-13 Moore / Norman Submarket 14-15 Eastern OK County Submarket 16-17 National Retail Review and Outlook Back Cover The information contained herein has been obtained from reasonably reliable sources. Price Edwards & Company makes no guarantee, either express or implied, as to the accuracy of such information. All data contained herein is subject to errors, omissions and changes. Reproduction in whole or in part, without prior written consent is prohibited. Oklahoma City 2011 Year–End Retail Market Summary THE Retail MARKet The Oklahoma City retail market has seen a Questions/Issues of Interest OKC TOTAL RETAIL MARKET INVENTORY continuation of a marked improvement this past year. This is borne out both in our firm’s As part of our year-end study, we wanted to 50 GLA SF Freestanding SF transactional activity and the year-end 2011 address a number of questions or issues about 40 survey results. Price Edwards manages and which we are frequently asked: leases nearly 7 million square feet of retail space 30 across Oklahoma; we generated a 20 percent Is all the news good news? In a word, no. increase in lease transactions this past year. There are a number of positives, as you would 20 The market vacancy at year–end dropped below expect during a general economic recovery. (millions of square feet) (millions of square 10 10 percent for the first time in years, ending the However, national retailers are still being year at 9.8 percent.
    [Show full text]
  • MSCA Newsletter
    JULY 2014 In this Issue ICSC Recon ---------------- - 1 Member Profiles ------------- 2 Northstar Lacrosse ---------- 3 Minnesota Marketplace ---- 4 Program Recap -------------- 8 Connection Golf Tournament ------------ 10 Feature Article RECAP: by Jesseka Doherty , ICSC RECON Mid-America Real Estate – Minnesota LLC he annual ICSC ( International Council of Shopping main hub of the convention floor, which is where most retailers Centers ) RECon (Real Estate Convention) was recently have their booths. held from May 18-20, a new schedule from years’ past. Educational seminars are offered each day of the Typically, the convention schedule is held over two full days, convention. This year included “The Future of the Department Monday and Tuesday, and a half day on Wednesday. This Store,” “Essential Restaurant Fundamentals,” “Expanding the year it was decided to hold the half-day session on Sunday life of your asphalt pavements” rather than Wednesday. and “Retail Property Speculation is that the City of Redevelopment,” among Las Vegas wants attendees to fly several others. in earlier for a long weekend before the convention instead The day does not end when the of leaving right away Tuesday convention floor closes at 5p.m. night or Wednesday. The 2015 Landlords, developers, brokers, schedule has not been and many others host cocktail announced, but the general parties and dinner receptions consensus is to keep the half with as few as a dozen or as day on Wednesday or stick with many as a few thousand each just two full days. night. These are great opportunities to continue to For those not familiar with this network with industry global convention, it is held professionals and clients from every year in Las Vegas, NV in around the world whom you May the week leading up to Memorial weekend.
    [Show full text]
  • Organic Harvest Report
    Organic Harvest Edited by Jim Slama An Action Plan For Local, Organic and Family Farmed Foods About This Project his report incorporates some of the work of a feasibility study reflecting three years of focus groups, surveys, and one-on-one discussions with farmers, food buyers, supermarkets, consumers, distributors, food processors, Trestaurants and other stakeholders concerned about developing adequate production, distribution, and marketing of local organic food. Using the data gathered, this document describes the needs and opportunities in the regional organic and local food industry. Our goal with this report is to educate consumers, policymakers, business leaders, funders and the media about opportunities to use regional organic food production as a tool to promote job creation and economic development in an environmentally sound manner. Lead project funding came from the Illinois Department of Agriculture’s AgriFIRST Program and the USDA’s Federal State Marketing Improvement Program. Additional funding came from the Chicago Community Trust, the Ellis Goodman Family Foundation, the Gaylord and Dorothy Donnelley Foundation, the Liberty Prairie Foundation, the Libra Foundation, the Lumpkin Family Foundation, and the Rudolf Steiner Foundation. Project Team Mary Anne Boggs, Paul Bouzide, Juli Brussel, Aaron Crane, Dean Ennes, Ilsa Flanagan, Charlotte Flinn, Michael Holdrege, Kim Janssen, Warren King, Cathy Morgan, Lydia Morken, Brian Murray, NAVTEQ, Lynn Peemoeller, Patti Rooney, and Jim Slama. Dean Ennes, Warren King, Lynn Peemoeller, and Jim Slama wrote this report. Brian Murray designed this report. Photography by Ron Doetch, John Beske, Terry Zinn, and Paul Natkin. Special thanks to all who participated in focus groups, surveys and individual interviews in the creation of this report.
    [Show full text]
  • Issue: Shopping Malls Shopping Malls
    Issue: Shopping Malls Shopping Malls By: Sharon O’Malley Pub. Date: August 29, 2016 Access Date: October 1, 2021 DOI: 10.1177/237455680217.n1 Source URL: http://businessresearcher.sagepub.com/sbr-1775-100682-2747282/20160829/shopping-malls ©2021 SAGE Publishing, Inc. All Rights Reserved. ©2021 SAGE Publishing, Inc. All Rights Reserved. Can they survive in the 21st century? Executive Summary For one analyst, the opening of a new enclosed mall is akin to watching a dinosaur traversing the landscape: It’s something not seen anymore. Dozens of malls have closed since 2011, and one study predicts at least 15 percent of the country’s largest 1,052 malls could cease operations over the next decade. Retail analysts say threats to the mall range from the rise of e-commerce to the demise of the “anchor” department store. What’s more, traditional malls do not hold the same allure for today’s teens as they did for Baby Boomers in the 1960s and ’70s. For malls to remain relevant, developers are repositioning them into must-visit destinations that feature not only shopping but also attractions such as amusement parks or trendy restaurants. Many are experimenting with open-air town centers that create the feel of an urban experience by positioning upscale retailers alongside apartments, offices, parks and restaurants. Among the questions under debate: Can the traditional shopping mall survive? Is e-commerce killing the shopping mall? Do mall closures hurt the economy? Overview Minnesota’s Mall of America, largest in the U.S., includes a theme park, wedding chapel and other nonretail attractions in an attempt to draw patrons.
    [Show full text]
  • Food Halls — Eat, Drink and Experience
    INSIDE THIS ISSUE: OCTOBER 2018 Food Halls — Eat, Drink and Experience ..........................................1-2 Highlights of MSCA Over 30 Years.........................................................3 Minnesota Marketplace .....................................................................4-5 Rising Star: Restoration Hardware Outlet ...........................................5 Member Profiles ....................................................................................6 30 Year Anniversary Celebration........................................................... 7 Anniversary Trivia & What’s Hot/Not ....................................................8 Twitter Highlights ..................................................................................9 MSCA Leadership.................................................................................10 MSCA 2018 Schedule of Events ..........................................................11 Corporate Sponsors ............................................................................12 STARR Awards Corporate Tables .........................................................13 Enhancing Our Industry & Advancing Our Members FEATURE FOOD HALLS — EAT, DRINK ARTICLE AND EXPERIENCE by Lisa Diehl, DIEHL AND PARTNERS, LLC FOOD HALLS HAVE BEEN AROUND SINCE THE Food halls are expected to triple by 2020. [Food halls]... EARLY CENTURY AND STARTED IN THE UNITED feature stands KINGDOM OVER 100 YEARS AGO. They were a Several years ago ‘mini food halls’, smaller than 10,000 from high- large
    [Show full text]
  • Crossing Busy Streets
    Plymouth Square Park Northport e 3rd Ter NW 55th Ave McKenna 47th 1/2 v Wyn Ascot Ct 55th Ave A d Tioga Ct lvd I-35W 5 e Elem Ath Ave 55th Ave B C D ham E Tioga B F 5 v d th A 55 Park Ave NE Sailor La Old Osseo Rd C n Hilltop T W Canyon La E River Rd a e i 4th St x r w r e f E N v Park 3rd St NW o in Anoka 47th Ave NE 47th Ave NE 47th Ave NE G 47th Ave NE r o A Bellvue L d Bicentennial Ct r Lions Ave11th NW t n a 54th Ave County h H k p a Park North e e o Park g 46th 1/2 Ave NE W Charles HWY 100 r H i 2nd St NW Chatham Rd NE g B Riverfront r Knox Ave 2 W N 5th Ave NW o n N Girard Ave Thom Ct t e h 12th Ave NW Irving Ave d St Logan Ave l Brooklyn Blvd a James Ave Colfax Ave Bryant Ave v 53rd Pl L Penn Ave City Hall i D Fremont Ave t Oliver Ave Emerson Ave Perry d Twin M g Dupont Ave Queen Ave s e Lilac Dr Camden Ave Regional g 8 r h D R a Russell Ave Humboldt Ave 46th Ave NE 46th Ave NE 46th Ave NE t r t y Johnson St NE How many does it take to get from your e s i Park r w Newton Ave e Lake Park s D H 53rd Ave e Ivanhoe Pl NE H 53rd Ave N r Silver Lake Rd 14th Ave NW r r 15th Ave NW 16th Ave NW Polk St NE N 17th Ave NW d Main St NE e 1st St NW T 53rd Ave N v A l Tyler St NE s T home to your school? r E h o h Taylor St NE Keyes le y O D S Fillmore St NE h Mississippi River i o m in University Ave NE r g l Park B N 4th St l County Rd E e Minneapolis45th Ave 45th Ave NE Walkingvd RoutesCounty Rd E for Youth BROOKLYN 45th Ave NE 2nd St NE N 1 W 8th Ave NW Lakeside C E 32nd Ave NW 52nd Ave W r 4 e 8 52nd Ave N t 52nd Ave N L Tony Schmidt i Upton Ave N e h Park y n OK, nowt calculate how many miles your school is h n k George Hill & 2nd 1/2 St NE 44th 1/2 Ave NE d A Neighborhood Walking Route Stinson Blvd NE Shingle T d CENTER s A County Park Trac Signal o v r Bright Water a e v a MPS High Schools r 17th Ave SW l from your home.
    [Show full text]
  • February MSCA Newsletter(635).Pdf
    February 2008 Minnesota Shopping Center Association Vol 22. No 2 In this Issue No. Branch Mktplace - SNAPSHOT 1 Credit Crisis --- HOT SPOTS / COLD SNAPS 2 lucy -------------------- RISING STAR 3 Colianni / Moen ---- MEMBER PROFILES 5 MSCA Board ------ COMMITTEE PROFILE 5 Mpls Momentum -- PROGRAM RECAP 6 Connection Feature Guest Author: Dan McElroy, MN Dept of Employment & Economic Development Trends Look Promising for State Economy s commissioner of the On the other hand, the economy is continuing to grow. Minnesota Department of DEED’s employment data shows some important sectors are AEmployment and Economic performing well, including medical-device manufacturing, Development (DEED), I’ve visited insurance carrier operations, business services, tourism and with businesses throughout the some retail segments including general merchandise and state and reviewed some timely department stores. The national economy continues to data on Minnesota’s economy. grow. The Federal Reserve has lowered interest rates, Although there are short-term encouraging lending and boosting investor confidence. economic soft spots, businesses Minnesota manufacturers reported a relatively strong 2007, and the economic data suggest according to DEED’s recent Manufacturing Business that the Minnesota economy Conditions Survey. Significant employment and profit growth remains strong and vibrant. elude the industry, but increases in orders, productivity and 2007 Economic Review production levels appear to offset some of those effects. The big economic story of 2007 State manufacturers are also continuing to benefit from nationally and in Minnesota was increasing exports. Minnesota’s third quarter 2007 exports the loss of momentum in the housing market and the reached a record high with growth of nearly 12 percent resulting credit crunch.
    [Show full text]
  • MSCA Newsletter
    NOVEMBER 2012 Minnesota Shopping Center Association Vol 26. no. 11 In this Issue Property Claim --------- FEATURE 1 Yogurt Lab ------------ RISIng STAR 3 Champeau/Engels - MEMBER PRoFILES 5 Retail Trends -------- PRogRAM RECAP 6 Online Advertising -------- STATS 7 Connection Feature by Jim Klym and Jon Diessner of Kraus-Anderson Insurance Will Your Business Survive After a Property Claim? roperty owners and managers in every part of the amended by endorsement. It ends on the earlier of (1) the country purchase and maintain insurance policies to date the property should be repaired, rebuilt, or replaced appease lenders and to protect their assets against the with reasonable speed and similar quality or (2) the date Prisk of catastrophic losses like fires and tornados. Since most when the business is resumed at a new permanent location. commercial property insurance carriers gladly offer When the business reopens, your income stream will take coverage for these types of losses, many in real estate shift time to resume to pre-loss levels. Most insurance companies their focus to obtaining the lowest possible premium. What grant 30 days of coverage for the “Extended Period of they often fail to consider is that the potential for financial Indemnity” with the option to purchase a greater timeframe loss to a commercial property such as 60, 90, 180 or 360 owner far exceeds the cost of days. rebuilding a structure. In fact, in situations where businesses Hopefully, owners and suffer a loss that forces them managers that read this to shut down operations for description will be prompted more than 30 days, industry to dust off their own policy or experts state that a quarter of call their agent to see them will never reopen.
    [Show full text]
  • Business Directory
    Business Directory 7 Steakhouse & Sushi 700 Hennepin Avenue Minneapolis, MN 55403 Phone: 612.238.7777 Fax: 612-746.1607 Website: http://7mpls.net/ We will provide a truly memorable dining experience through serving fresh, innovative, healthy foods using only the finest ingredients paired with professional and friendly service. Seven Steakhouse embodies the classic American steakhouse with a renewed elegance. Guests delight in our careful selection of choice steak, fresh seafood, and the near intimidating selection of wine from our two-story cellar. Seven Sushi is well known for imaginative creations as well as classic favorites, contemporary sushi with new wave Asian inspired dishes. With a modern warm atmosphere, Seven is perfect for special occasions, business affairs, or just a night out. 8th Street Grill 800 Marquette Avenue Minneapolis, MN 55402 Phone: 612.349.5717 Fax: 612.349.5727 Website: www.8thstreetgrillmn.com Lunch and dinner served daily. Full bar, patio seating and free Wi-Fi available to guests. Kitchen open until 1:00am Monday through Saturday and 10:00pm Sundays. Breakfast served Saturday and Sunday mornings. Above The Falls Sports 120 North 3rd Avenue Minneapolis, MN 55401 Phone: 612.825.8983 Fax: 612.822.5352 Website: www.abovethefallssports.com Mississippi Adventures with ATFS Group Kayak Tours. Daytime, evening, night time, luncheon, supper and fireworks options available. Don't miss this opportunity to experience Mark Twain's Mississippi River, one of the world's great waterways! Paddling the river you'll take away a whole new perspective of Minneapolis, its natural and historical significance. Wonderful way to learn about the City by Nature! AC Hotel by Marriott 401 Hennepin Ave.
    [Show full text]
  • NORTHTOWN MALL MASTER LAND USE & REDEVELOPMENT/ REVITALIZATION PLAN June 18 City of Blaine Minnesota 20 Proposal for RFP for Northtown Mall Plan
    NORTHTOWN MALL MASTER LAND USE & REDEVELOPMENT/ REVITALIZATION PLAN June 18 City of Blaine Minnesota 20 Proposal for RFP for Northtown Mall Plan / Gensler/ SEH NORTHTOWN 21 MALL County Road 10 University Ave 85th Ave NW NORTHTOWN MALL PLANNING AREA Dear Ms. Johnson, June 18, 2021 Damon Farber appreciates this opportunity to submit a proposal for the preparation of a Master Land Use and LORI JOHNSON Redevelopment/Revitalization Plan for the study area City Planner identified around the Northtown Mall. Although, the City of Blaine recent announcement of Washington Prime Groups’ 10801 Town Square Drive NE bankruptcy may seem concerning, it also affords an Blaine, MN 55449 opportunity. We believe Northtown Mall and the University Avenue and County Road 10 corridors provide [email protected] a tremendous opportunity to create a forward-thinking, 21st century approach to community design. Once Project Understanding bustling retail centers like Northtown are undergoing 01 massive changes that require holistic thinking about Project Approach/Work Plan how these community destinations can be transformed 02 into a more relevant asset for its owner, for the citizens of Blaine and for the market area it serves. All systems 03 Schedule — environmental, social, economic, physical — need to be considered together. The evolution of the mall 04 Fee/Budget from a purely retail environment to a more walkable and bikeable, fine-grained mix of uses — including housing, Project Team health and wellness facilities and places to gather — 05 served by a variety of mobility modes and seamlessly Project Experience integrating sustainable principles into its design, can 06 become a model for adaptive reuse in a quickly evolving 07 References world.
    [Show full text]
  • Maplewood North End Market Study
    MAPLEWOOD NORTH END MARKET STUDY Prepared for: Prepared by: City of Maplewood, MN Perkins+Will, Inc. June 2018 TABLE OF CONTENTS Table of Contents ........................................................................................................................................... i Executive Summary ....................................................................................................................................... ii Introduction .................................................................................................................................................. 1 Study Area Analysis ....................................................................................................................................... 2 Socio-Economic Analysis ............................................................................................................................... 8 Housing Market ........................................................................................................................................... 18 Retail Market .............................................................................................................................................. 30 Office Market .............................................................................................................................................. 38 Medical Office ............................................................................................................................................. 44 Planned
    [Show full text]
  • Store # State City Mall/Shopping Center Name Address Date 2918
    Store # State City Mall/Shopping Center Name Address Date 2918 AL ALABASTER COLONIAL PROMENADE 340 S COLONIAL DR Coming Soon in September 2016! 2218 AL HOOVER RIVERCHASE GALLERIA 2300 RIVERCHASE GALLERIA Coming Soon in September 2016! 2131 AL HUNTSVILLE MADISON SQUARE 5901 UNIVERSITY DR Coming Soon in September 2016! 219 AL MOBILE BEL AIR MALL MOBILE, AL 36606-3411 Coming Soon in September 2016! 2840 AL MONTGOMERY EASTDALE MALL MONTGOMERY, AL 36117-2154 Coming Soon in September 2016! 2956 AL PRATTVILLE HIGH POINT TOWN CENTER PRATTVILLE, AL 36066-6542 Coming Soon in September 2016! 2875 AL SPANISH FORT SPANISH FORT TOWN CENTER 22500 TOWN CENTER AVE Coming Soon in September 2016! 2869 AL TRUSSVILLE TUTWILER FARM 5060 PINNACLE SQ Coming Soon in September 2016! 2709 AR FAYETTEVILLE NW ARKANSAS MALL 4201 N SHILOH DR Coming Soon in September 2016! 1961 AR FORT SMITH CENTRAL MALL 5111 ROGERS AVE Coming Soon in September 2016! 2914 AR LITTLE ROCK SHACKLEFORD CROSSING 2600 S SHACKLEFORD RD Coming Soon in July 2016! 663 AR NORTH LITTLE ROCK MC CAIN SHOPPING CENTER 3929 MCCAIN BLVD STE 500 Coming Soon in July 2016! 2879 AR ROGERS PINNACLE HLLS PROMDE 2202 BELLVIEW RD Coming Soon in September 2016! 2936 AZ CASA GRANDE PROMNDE AT CASA GRANDE 1041 N PROMENADE PKWY Coming Soon in September 2016! 157 AZ CHANDLER MILL CROSSING 2180 S GILBERT RD Coming Soon in September 2016! 251 AZ GLENDALE ARROWHEAD TOWNE CENTER 7750 W ARROWHEAD TOWNE CENTER Coming Soon in September 2016! 2842 AZ GOODYEAR PALM VALLEY CORNERST 13333 W MCDOWELL RD Coming Soon in September
    [Show full text]