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EDC – Arden Hills <br />June 2, 2017 <br />Page 4 <br /> <br />P:\Admin\Committees & Commissions\Committees & Commissions\Economic Development Commission (EDC)\2017\06-07-17\Higher Ed Study\WSB Memo 06022017.docx <br />Land & Building Space Availability - Industrial Zones <br /> GB I-1 I-2 I-FLEX Total <br />Number of Parcels 18 16 2 11 47 <br />Undeveloped Parcels 8 5 1 0 14 <br />Land Total (acres) 113.0 175.4 7.4 65.8 361.6 <br /> Vacant Acres 37.3 40.6 1.7 0.0 79.6 <br /> % Available for <br />Development 33.0% 23.1% 23.0% 0% 22.0% <br /> Median Lot Size 5.6 3.4 3.7 5.0 5.0 <br /> Largest Lot 20.8 77.3800 5.7400 14.2200 - <br /> - Property Address 4200 Round Lake <br />Rd <br />4100 Hamline <br />Ave N <br />4797 <br />Highway 10 <br />1265 Grey Fox <br />Rd - <br /> - Property Owner North American <br />Land Company <br />Cardiac <br />Pacemakers Inc <br />Scherer Bros <br />Lumber Co <br />Pharmacia <br />Deltec Inc - <br /> - Property Tenant(s) Vacant Boston Scientific Scherer Bros <br />Lumber Smiths Medical - <br /> Smallest Lot 0.1 0.5 1.7 0.7 - <br /> - Property Address 0 Gateway Blvd <br />NE <br />1296 County <br />Road F W <br />4789 <br />Highway 10 1230 Red Fox Rd - <br /> - Property Owner Clear Channel <br />Outdoor Inc Sba Towers Iii Llc Murlowski <br />Properties Inc <br />City Of Arden <br />Hills - <br /> - Property Tenant(s) Vacant SBA Radio Tower <br />& Station Railway City Of Arden <br />Hills - <br />Building Total (sq.ft.) 78,0227 2,235,065 61,342 930,805 4,007,439 <br /> Number of Vacant <br />Buildings* 2 3 0 3 8 <br /> Median Building Size 88,641 2,235,065 61,342 84,985 51,535 <br /> Largest Building 174,126 1,207,355 61,342 199,939 - <br /> - Property Address 4300 Round Lake <br />Rd W <br />4100 Hamline <br />Ave N <br />4797 <br />Highway 10 1300 Red Fox Rd - <br /> - Property Owner Space Center <br />Arden Hills Llc <br />Cardiac <br />Pacemakers Inc <br />Scherer Bros <br />Lumber Co <br />International <br />Paper Company - <br /> -Property Tenant(s) AER Sales <br />Laird Plastics Boston Scientific Scherer Bros <br />Lumber <br />International <br />Paper - <br /> Smallest Building 400 1,680 61,342 956 - <br /> - Property Address 1777 Gateway <br />Blvd <br />1296 County <br />Road F W <br />4797 <br />Highway 10 1230 Red Fox Rd - <br /> - Property Owner Arden Towers Inc Sba Towers Iii Llc Scherer Bros <br />Lumber Co <br />City Of Arden <br />Hills - <br /> -Property Tenant(s) Arden Towers SBA Radio Tower Scherer Bros <br />Lumber <br />City Of Arden <br />Hills - <br />* The summation of properties listed for lease and for sale. <br />Sources: Ramsey County Assessor, LoopNet Real Estate Listings, WSB & Associates. <br /> <br /> <br />• The industrial zones have fourteen (14) undeveloped parcels, 79.6 acres of undeveloped <br />land, and eight (8) vacant buildings. 33% of the land in Gateway Business district is <br />vacant, most of which is visible from I-694. 23% of the I-1 district is vacant, but the <br />majority of that (31 acres) is the Land O Lakes addition currently being constructed. The <br />vacant parcel in the I-2 district is an abandoned railroad right-of-way with no access. <br />Similar to the business zones, the industrial zones have an opportunity to bring in new <br />businesses through new development and redevelopment.