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LOC? Market Analysis for Downtown Redevelopment <br />CONSULTING City of Centerville Economic Development Authority <br />April 3, 2023 <br />KA Profiled Mixed -Use Developments ---Commercial Space <br />Available <br />Commercial <br />Commercial <br />Listed <br />Property <br />Space <br />Space <br />Lease Rate <br />Notes <br />The Lighthouse Lofts <br />9,761 <br />0 <br />Not Listed <br />Mallard's Restaurant, Snap Fitness, <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 />Boatworks Commons <br />4,000 <br />0 <br />Not Listed <br />Tenants: Mizu Japanese Sushi and <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 />Park Place 61,136 1,681 $15 Variety of tenants. Office/retail space <br />25 North Lake Street NNN is available on the first through third <br />Forest Lake levels. Condominium units are top two <br />floors. <br />Source: Interviews, Costar; Northstar MILS, LOCI Consulting LLC <br />Park Place in Forest Lake <br />Page 78 <br />