HomeMy WebLinkAbout2007 04-16 CCP Work Session
AGENDA
CITY COUNCIL WORK SESSION
April 16, 2007
City Council Chambers
A copy of the full City Council packet is available to the public. The packet ring binder is
located at the front of the Council Chambers by the Secretary.
6 p.m. Introduction
6:15 p.m. Urban Design Considerations
Tom Whitlock – Damon Farber Associates
6:30 p.m. Market Considerations
Mary Bujold – Maxfield Research
6:45 p.m. Redevelopment Considerations
Bob Cunningham – TOLD Development
7:00 p.m. Council Discussion
8:00 p.m. Adjourn
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Tom Whitlock Damon Farber Associates
6:3opm Market Considerations
Mary Bujold Maxfield Research
6:45 m Redevelo ment Considerations
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Bob Cunningham TOLD Development
�:oo m Council Discussion
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Strengths
�-�ig� 1e��� af visibility from Interstate C 94
�xcellent access from Interstate 694
�ood access from Highway loo northbound
�entrally located between I and I- 35W off major freeway
IZelatively high traf�c counts (12,�0o ADT) on 65th Avenue North,
��ut n�� congested and 20,20o ADT for Shingle Creek Parkway, north i
�f I-�c��.
Weaknesses
I��t��� ���v�� as a strong location for multitenant office
I-6�q. genex�ally perceived as a location for single user�
Confusing access for certain retail uses
Perc���io� �us��ess failures at site
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��-�������g strength, but slowly
�uild-to-suit market improving
�ease rates for new construction $18.00-$19.0o psf
uenerally desire amenities nearby such as mid-scale restaurants,
�onvenience shopping.
Industrial
�ost likely the strongest sector currently
:�emand for office showroom and office warehouse space
��ase rates for new construction, $4.50-$5.0o for warehouse and
�lO.�a-$11.�(J for of�ce
Retail
���..����.i1 has ��en very strong, but is slowing down
����r�� ��g bo� users still actively seeking loeations
_�u_�. .._F._. �_a�._ _W�.__ _3 �......y� .o� �.w�_ ��a. �.�._�.,��u.
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Short-term (within the next 1 to 3 years)
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C��.[ic�/ �����re%� �����a, t�����;�, ��.�e�t.�����
Big box user (c�.estination)
Long-term (vvlthln the next five years)
Single-tlser o�� ����ld to s�.�it office
Office/showroam, office warehous�
Big box user, but may already develo� �t ��r �.�,y.� �er sites;
patenti�l co�. 'th redevelopment at Bro� d.�.le Center.
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arket Cha=`en es Strate ic P=annin
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If decide to w�.�t f��.� c�c�rporate user, y��: m�.� ha�e to bypass
other devela�p����.� �����po�als;
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Should have a str�teg�c plan for the ar�a; �na� need to be
j prepared to incorporate more land for the right user; x: j
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What incentives is the City willing to provide to obtain the
right user?
3� How will the Cit� address perceived negatives such as failed
i re�taurants and cri��e in the immediate ar�a?
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