2005-01-12 Handouts - Laserfiche WebLink

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McCOMB GROUP, LTD. NEIGHBORHOOD AND COMMUNITY SHOPPING CENTERS Typical retail market analysis engagements for neighborhood and community shopping centers are described below. Southbridge Shopping Center - Shako pee, Minnesota Great Lakes Companies, Inc. Market analysis was conducted for Southbridge Shopping Center, a power center with 340,750 square feet of GLA. Proposed anchor stores were Wal-Mart and Sam's Club. Other tenants include category killers, inline stores, and pad sites for restaurants and other uses. Southbridge can be expanded to over 415,000 square feet. Research tasks included competitive evaluation, documenting future residential growth, trade area demographics, and documenting area visitation. Southbridge sales potential was estimated by store categories for a ten-year period. Time Square - Rochester, Minnesota Chafoulias Companies, Inc. Conducted market research for Time Square, a 400,000 square foot urban shopping center anchored by a 120,000 square foot Nordstrom store. Research tasks included delineating the primary and secondary trade areas, and examining population and household growth patterns to determine resident purchasing power. Rochester is home to the Mayo Clinic, which attracts over 700,000 visitors annually. A significant portion of its annual registrations are from the Middle East and South America. Visitor spending potential of these unique visitor groups were estimated as part of an overall stody of total visitor spending. Based on the resident purchasing power and potential represented by Mayo Clinic visitors, Nordstrom chose to locate a store in the proposed development. CanalSide Commons - Cubellis Associates Cape Cod, Massachusetts Market research and economic impact analysis was conducted for CanalSide Commons, a non- traditional, mixed-use development containing 539,000 square feet of retail space, a ten-screen cinema, 100,000 square feet of office, 143,700 technology center, l20-room hotel, and 100 apartment units in a village environment. Common area features included transit station, clock tower, community center, entertainment gazebo, and public park. Research tasks included quantifying resident and visitor spending potential for the commercial components and quantifying costs and benefits to local government. Eagle Valley Commons - Woodbury, Minnesota Genstar Land Company Conducted market analysis to determine trade area, sales potential, and market demand for a 32- acre parcel in Woodbury. Market research results were used to prepare a marketing brochure that included trade area demographics, photo images of residential properties in the trade area, and maps depicting average value of homes being constructed within the trade area.