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<br />Market Analysis for Downtown Redevelopment ***Draft*** <br />City of Centerville Economic Development Authority <br />April 3, 2023 <br />5.4Profiled Mixed-Use Developments---Commercial Space <br />Available <br />Commercial Listed <br />Commercial <br />SpaceSpaceLease Rate <br />Property <br />9,7610Not ListedMallard's Restaurant, Snap Fitness, <br />The Lighthouse Lofts <br />220 Lake St N <br />and Allstate Insurance. Reserved <br />Forest Lake <br />surface level parking for commercial <br />spaces. Residential units have <br />underground parking. <br />4,0000Not ListedTenants: Mizu Japanese Sushi and <br />Boatworks Commons <br />4495 Lake Ave S <br />yoga studio. Space took several <br />White Bear Lake <br />years to lease. Buildout of space and <br />rent received city subsidy. <br />61,1361,681$15Variety of tenants. Office/retail space <br />Park Place <br />25 North Lake StreetNNN <br />is available on the first through third <br />Forest Lake <br />levels. Condominium units are top two <br />floors. <br />Source: Interviews, Costar; Northstar MLS, LOCi Consulting LLC <br />Park Place in Forest Lake <br /> <br /> <br />Page | 78 <br /> <br />