Laserfiche WebLink
<br />- . <br />--====-~-=-:.::~---. <br /> <br /> <br /> <br /> <br />· THE EVEREST GROUP LTD <br /> <br /> <br />June 30, 1992 <br /> <br />, <br /> <br />Tom Sather <br />Mayor <br />city of Arden Hills <br />1450 West Highway 96 <br />Arden Hills, MN 55112 <br /> <br /> <br /> <br />Re: Arden Hills Development Property located in the <br />Northeast Quadrant of the Intersection of Interstat;e <br />Highways 694 and 35W <br /> <br /> <br /> <br />Dear Tom: <br /> <br />This letter is written to follow up on, and to pursue more <br />. formally, our recent discussions concerning the potential <br />development of the noted property. I have set forth below <br />our thoughts regarding the development potential of the <br />site, as well as our proposal with respect thereto. <br /> <br /> <br />Development Potential <br /> <br /> <br />The subject property has a number of unique positive <br />characteristics and a number of limiting negative features <br />which, together, significantly influence the development <br />potential of the property. The positive characteristics <br />include a reasonably good location within the metropolitan <br />area, proximity to an easily identifiable interstate freeway <br />intersection, good visibility, and sufficient size to permit <br />planned development. The negative features include <br />difficult access, potential soils and hazardous waste <br />problems, proximity to undesirable uses (e.g. antenna, <br />former rendering plant, etc.) and inflated value <br />expectations by certain land owners. <br /> <br />While the real estate development market is generally soft, <br />we feel that limited opportunities currently exist and will <br />continue to exist in the marketplace. We are confident that <br />desirable tenants and owner occupants can be attracted to <br />. development on the property, if the property is positioned <br />correctly both on a use and on an economic basis. <br /> <br /> <br /> <br />2685 Long Lake Road CC: pa.OQ t- <br />P,O, Box 130190. Roseville. MN 55113 W'/ 7/10/1.-" <br />(612) 636-5500 I f>lans, MayDr , ~ <br />('ooneil ... De",li~ fro b~ t <br />