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I I. I I I I I I I .. I I I I I I I. I I Residential Development . During the 1980s, more than 48,000 acres ofland was developed for residential use metro-wide. More than 3,000 acres, 6.2% of the total, was developed in northern Ramsey County. . Residential development in the vicinity of TCAAP has averaged more than 100 acres annually, including about 15 acres annually in Arden Hills. Of the 100 acres, about 80 acres dcveloped for single family homes, while less than 25 acres were developed for multi-family residences. . In each of the past nine years, an average of over 900 new single family homes were built in northern Ramsey County -- about 6.5% of the annual metro total of nearly 14,000 homes. . An average of272 new single family homes have been built annually in the TCAAP vicinity. Little new construction has occurred in Arden Hills, which has little vacant residential land. . The amount of multi-family rcsidential construction has decreased significantly since 1990, in both the metro area as a whole and northern Ramsey County. . Since 1990, an average of 275 new mnlti-family units have been built annually in northern Ramsey County, including an average of 60 units annually in the TCAAP vicinity. The only significant multi-family development in Arden Hills was a 60-unit development in 1994. 3. General Assessment of the Arden Hills/TCAAP Market In recent years, western Hennepin County, northern Dakota County and Washington County (Woodbury and others) have attracted large shares of the development occurring in the metro area, while development of most uses has occurred relatively slowly in northcm Ramsey County. New development of all types, however, continues to occur in the northeast metro area, due to its convenience to both downtowns and to the University of Minnesota campuses. Sites in northern Ramsey County will become more attractive as available sites in other portions of the metro area are used up or become increasingly distant from employment centers. The prospects for various uses: Re,idential: Excellent. This has typically been northern Ramsey County's strongest market segment, and it will continue to perform well in the foreseeable future. Housing of all types is usually in strong demand. rnmmercial (Retai(l: Fair. The retail uses most likely to select Arden Hills, specifically the TCAAP site, are ''big- box" "category-killers'! -- warehouse-type stores devoted to a single major product category, such as electronics or office supplies; and convenience/neighborhood uses geared toward serving their immediate surroundings. A few highway-oriented retail and service uses might be drawn to the site as well. rnmmercial (Oific~): Uncertain; perhaps good, long-term. Because of TCAAP's visibility and access to I-35W, development of an office campus on the site is not out of the question. However, this use has not traditionally been Ramsey County's strong suit. It might become so when the southern metro office corridor, which extends from Eden Prairie to Eagan, becomes saturated, but this possibility is still at least ten years away. Qljice-WarehnuveIOifice-Shnwrnnm: Good, particularly ifTCAAP does not become available right away. This will allow other remaining office/light-industrial properties in Arden Hills and surrounding communities to be used up. light lndu,trial: Good. The I-35W corridor has an industrial character virtually its entire length between downtown Minneapolis and points north of Arden Hills, and the city, New Brighton, Shoreview, Roseville and other nearby communities have been very successful in developing light industrial uses. Camiros, Ltd.lSEH, Inc./UlDL. Ltd. TeMP Framework Plan Page 31 Chapter II