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Commissioner Holden understood Pulte Homes only had five home types in the neighborhood <br />recently constructed in Arden Hills. She feared how this would translate to TCAAP if Pulte <br />Homes completed 75% of the housing stock on this site. <br /> <br />Mr. Padget appreciated this concern. He stated after the recession Pulte Homes was focusing <br />more on the move up buyer by bringing in new home products. He indicated TCAAP would not <br />be a Pulte Homes only development, but understood the need for housing diversity. He then <br />described the numerous housing products that were being constructed by Pulte Homes at this <br />time. <br /> <br />Commissioner Ortega asked how Arden Hills could attract a corporate user to Rice Creek <br />Commons. <br /> <br />Mr. Rauenhorst reported Opus would be leveraging its relationships on a national platform <br />while also speaking to brokerage firms in order to maximize the marketing campaign. He <br />discussed the importance of completing a communication plan on when this property would be <br />available and where this property was located. He described the strong nucleus of corporate <br />headquarters in the metro area. He believed this project would be transformative and would <br />attract new users. <br /> <br />Commissioner Grant asked if there were challenges within the City’s vision, Master Plan or TRC. <br /> <br />Mr. Rauenhorst stated from a commercial standpoint, he understood the importance of the <br />corporate campus. He believed the site had the right amount of retail. He indicated the multi- <br />story office may be an area of concern given the level of office in the surrounding market. <br />However, the location would be a huge selling point, along with all of the amenities that would <br />be included in this development. He reported the flex office space would be innovative. He <br />appreciated the vision within the Master Plan but encouraged the JDA to consider the amount <br />of time it would take to fully develop the site. <br /> <br />Mr. Padget complimented the City for creating three distinct neighborhoods with life-cycle <br />housing. His only concern with the density was that conditions would have to be set before <br />there would be a demand for higher density housing. He appreciated the connections between <br />the neighborhoods and the natural resources on the site. <br /> <br />Mr. Rauenhorst discussed how the demands for the site may change over the next five years as <br />the market changes. <br /> <br />Commissioner Huffman requested further information on the proposed 55+ community for the <br />Creek neighborhood. <br /> <br />Mr. Padget explained Pulte Homes has built the most 55+ homes in the last 50 years. He <br />indicated there was high demand for this housing market. He stated these homes may be built <br />on slabs.