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<br />TWIN LAKES, Roseville, Minnesota <br />Market Assessment & Demand Analysis <br /> <br />Retail-Restaurant Market Assessment <br /> <br />TRADE AREA DEMOGRAPIDCS <br /> <br />The following are key points regarding the trade area demography. Data for 2000 is from the <br />U.S. Census. Estimates (2004) and projections (2009) are from ESRl Business Information <br />Solutions, a nationally recognized demographic and econometric data services fIrm. A table <br />showing key demographic data for the 3-, 5- and 7-minute trade areas is provided on the <br />following pages. <br /> <br />. Within a 7 -minute drive time surrounding the Twin Lakes site resides an estimated <br />population base of 201,000 people and 87,000 households. This area extends into <br />portions of northeast Minneapolis and northwestern St. Paul, and includes all or <br />portions of the cities of Roseville, St. Anthony, Columbia Heights, Lauderdale, <br />Falcon Heights, Little Canada, Arden Hills, New Brighton, Shoreview and <br />Moundsview. <br /> <br />. Households residing in the 7-minute trade area have a median income of $52,280. <br />The immediate area (3-minutes) is more affluent, with a median income of$60,026. <br /> <br />. The median home value for the 7-minute trade area is estimated at $175,415, <br />compared to $198,708 within 3 minutes. <br /> <br />( <br /> <br />. In addition to persons residing in the trade area, persons working within this area are <br />a major source of consumer spending activity. In 2004, there are an estimated <br />170,000 employees working within 7 minutes ofthe Twin Lakes site. <br /> <br />. Annual per capita spending on retail goods and services is estimated at $11,624 for <br />persons residing with a 7-minute drive from Twin Lakes. Annual spending at <br />restaurants and drinking establishments is estimated at $1,994 per capita. <br /> <br />( <br /> <br />GV A Marquette Advisors <br /> <br />Page 37 <br />