2023-05-10 CC Packet - Laserfiche WebLink

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LOC? Market Analysis for Downtown Redevelopment CONSULTING City of Centerville Economic Development Authority April 3, 2023 Centerville Lake, looking west from the St. Genevieve Church properties. North Oaks, White Bear Township, and southern portions of Lino Lakes to the south. Traffic traveling along Main Street and Centerville Road would have good access and visibility to redevelopment projects in Downtown Centerville. Adjacent Uses Residential neighborhoods border Downtown Centerville to the north, east, and south. The west side of Downtown Centerville is bordered by Centerville Lake and the Rice Creek Chain of Lakes Park Preserve. Although it may be the historical center for businesses in the city, Downtown Centerville is no longer the primary commercial district. Map 1.4 (on Page 15) shows where businesses are located in the City of Centerville. The two primary business districts are just east of Downtown along Main Street and along 20tht Avenue parallel to Interstate 35E. Key Findings: Strengths and Weaknesses of Downtown Centerville Strengths ■ Proximity to Centerville Lake. Situated on a hill overlooking the lake, developments located in Downtown Centerville could offer excellent views. Potential residents could also take advantage of summer programming on the lake, such as the Bald Eagle Waterski Club shows. ■ Rice Creek Chain of Lakes Park Preserve. Even beyond Centerville Lake, the park preserve offers a large natural amenity for potential residents of Page 19 Downtown Centerville. Proximity to new housing developments. With new housing in the area comes new consumers. Retailers are attracted to areas that are experiencing household growth. Growing employment base nearby. Employers have been attracted to land availability along