02-08-05 (2) - Laserfiche WebLink

Home Browse Search

cities and also near the primary growth corridor in Anoka County. There is potential for significant competition from development at TCAAP. Delaune asked what types of uses would be in competition. O'Neil noted that TCAAP has potential for development of 2.5-3.0 million square feet of commercial/industrial development, but whether or not TCAAP is competitive would depend on the development timing. For retail, O'Neil suggested that the conclusions of the earlier report by Maxfield remained valid, with a potential of 20,000-25,000 square feet, enough to serve the households and daily workers. He suggested that we should take measures to ensure that NWQ doesn't"ca .lize" Main Street Village. There has been a poor market for office development throughout the Twin Ci t -s for 'as few years. Corporate users are "downsizing" and much growth has been taken up ith pro• , ity gains. A continued trend toward a service economy has also reduced 40141110 or off : .pace. We could expect to absorb about 100,000 square feet over the next t:i years, a uming New Brighton maintains its current share of the growth in the Twin Ci 'es -,.. Co ! ►rate campus development tends to go in waves, and we are now in a down c , ' . Interstate Crossings (northeast quadrant) are potential competitors. Office condominiums are gaining acceptance and could srovi e tion for"infill" sites. Delaune asked whether there was any reason not lo,have - residential units. Larson suggested that the economics were the key far. liknke su; tested that there was also an urban design issue, with additional challenges i esigning livi . .•aces close to the freeways. O'Neil indicated that the "highest and best use"i rally office space, as long as we could wait for the market to improve. Post office. The Postal Service cKsideri fu ds for due diligence work. Main Street Village developers Pratt Ordway hlirilLuggest d tha he remaining vacant parcel be developed for the post office, with the new cprocee o lease up. A restaurant would be sought for the corner nearest 5th Avenue and Co ty R - . The Council will hear the plans and offer comments at a work sess. that e ning. Beisswen r' are pro 'rig for a real estate closing in March and the start of constructio 'n A Kilkenny. Pa 'es have reached agreement on key terms for the purchase of the two buildings and relocation t ants. Possession would be on January 31, 2006. Midwest Asphalt. Depositions for the May trial are being taken this week. Barr Engineering is working on a response action plan for remediation of contamination on the site. Brighton Village Fulton indicated that he and Fernelius were scheduled to meet with Kraus-Anderson principal Dan Engelsma later that morning.