10-15-07 Special Mtg Item 4A TCAAP Housing Study

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Ms. Michelle Wolfe City of Arden Hills August 20, 2007 Page 5 ket and financial constraints to achieving the redevelopment plan. Initial analysis completed September 2003. Update analysis completed April 2007. Client: City of Eagan Contacts: Mr. Jon Hohenstein, Dir. of Community Development, City of Eagan, (651) 675-5660 Assessment of Market Potential for Downtown Rosemount, Minnesota Maxfield Research Inc. conducted a market analysis of the potential demand for retail, office and housing in Downtown Rosemount, Minnesota. The area analyzed included Rosemount's older main street area as well as an assessment of the competitive impact of development along Coun- ty Road 42 in Rosemount and extending west into Apple Valley, Minnesota. Maxfield quanti- fied demand for each of the above components and provided recommendations regarding appro- priate types of uses as well as the level of housing development that could be supported in the Downtown district. Initial analysis completed February 2002. Update analysis completed Janu- ary 2004. Client: Contact: City of Rosemount Mr. Jamie Verbruegge, City Administrator, (651) 322-2020 Assessment of Market Potential for the Highway 7 Corridor in Hutchinson, Minnesota Maxfield Research Inc. in a joint venture with Landform Inc. (consulting planners) completed a market analysis regarding the development potential for land bordering Highway 7 in Hutching- son, Minnsota. The primary objective of the market analysis was to provide the City with a mar- ket-based analysis to support future land uses changes and redevelopment opportunities along the Highway 7 Corridor. This analysis provided the following: I) demand calculations for various real estate types; 2) types of businesses that would be attracted to and supported within the development along with appropriate building types, lease rates, and space requirements; 3) projected development time- frame; and 4) synergies among various types of development within the Highway 7 Corridor Study Area. Our work approach combined market, economic and land use analysis with substantial informa- tion and input from field work, market interviews and other planning and statistical work. Anal- ysis completed in July 2007. Client: Contact: City of Hutchinson Ms. Rebecca Bowers, Planning Director, (320) 234-4258 MAXFIELD RESEARCH INC.