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Market Research <br />Iml P q@ <br />a 4 <br />The Mwifield, Research Group h market research for the 140 unit semorl housing <br />*:000651 and household base Roseville <br />;woj'�ect to be built on the prqjW site Wworlpo - __�m M <br />and the audy area as a whole havei Ni i ced, very strong growth, <br />0 <br />Based on the suNied site's &=.w and visibility, its convement bmtion near, neighborhood <br />retail goods, and se 0 as well as other community scm*ccs and churches, we believe the sit <br />Ls an excellent one for senior housing, The only drawback is the traffic level on Snelling <br />Avenue, which can likely be Mitigated by landscaping to soften the transition between this <br />major transportation corfidor and the planned, reside use. The traffic, however, is a, plus <br />for the motel site. <br />1111, <br />Data on the number of st a r households on both RosevUe and the, study area indicates that <br />IP <br />very strong, growth owurred i , a the, 19Ws and, that growth will continue. M' the 19%'s. <br />RosevWe is foremt to add 900 slem"or households and the study are is forecast to add 3,9W, <br />a <br />senior households between 1990 and 20M. This increase ts to robust demand for senior <br />POM <br />housm'& n+ any pent-up demand that exists, MIS senior houra"ng, <br />9 0 6 <br />Existing semior projem m the study area, bad only one vamt =it at the time of the, survey. <br />SW'ce the, sm, ex:it-W'g projects, 'W* the market area, represent a variety of senior housing typeti <br />from pr jects, offe few ECTWms to those vn*t-u many semm mcuded W* the rent), this, <br />0 <br />indicates ac ceptance of, and need, for, housing geared to the diff6rent market segments Vnit, =" <br />the overall senior household <br />