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<br />and 2000. This limited potential is suggested <br />the absence of large developable sites within <br />further reduction in the growth rate of <br />employment base. (PFS page 26). <br /> <br />Initially no office/warehouse use was proposed for the planned <br />redevelopment of the Twin Lakes Study area. However, the plan <br />has now apparently been altered in a response to the <br />neighborhood opposition to multiple family development. Twenty <br />acres of office/warehouse development is now projected for a <br />portion of the formerly designated multiple family sites. <br />Figured on what is viewed as a conservative basis, the <br />supply/demand projections for office/warehouse development in <br />Roseville is illustrated below. <br /> <br />as being due to <br />Roseville, and a <br />the Minneapolis <br /> <br />Roseville, Minnesota <br />Office/Warehouse Use Forecast - Supply/Demand <br /> <br />PFS <br />Demand PFS-6 over/ <br />city Wide Study Area T.L. plan Total Under <br />1986-2000 Supply Supply Supply Supply <br />1,000,000 2,160,500 348,480 2,508,980 1,508,980+ <br /> <br />Th: project supply of office/warehouse land would appear to be a <br />maJor concern relative to demand. However, office/warehouse <br />space is stated at a 95% occupancy rate in Roseville as of 1986. <br />Since 1986, City staff has indicated that two office warehousing <br />projects have been constructed. One is termed the Commer Kloude <br />Project and 77,000 square feet of space. The second project is <br />the Berger Transfer project which represents 210,000 square feet <br />of addi tional office /warehousing type use. These DOS i ti ve -5 n (I- <br />development indicators wnnlti <\ppea.r +-Q ~u~~eE:+- a st"rona market <br />demand which has possibly been under estimated. <br /> <br />Reta~lfcommercial' In this regard, ROs~lle does not have a <br />typic a downtown area. Shopping centers have provided the needed <br />commercial services to Roseville residents. Rosedale Shopping <br />Center and its surrounding commercial area serves as the "core" <br />downtown area of the City. Due to the "heavily developed nature <br />of the area and the high costs of land adjacent to the center, <br />many of the commercial functions common to a central area have <br />not been able to locate there." (PFS page 27) <br /> <br />There is approximately 2,310,000 square feet of major shopping <br />center space in Roseville, including Rosedale, Har Mar, Pavilion <br />Place, Loehman's plaza, Bandana Square, and Apache plaza. There <br />is approximately an additional 336,000 square feet of retail in <br />the form of convenience shopping centers, which include Hamline <br />plaza, Roseville Shopping Center, Lexington plaza, Fairdale <br />Shoppes, and McCarran Hills. At the time of the PFS study I <br /> <br />11 <br /> <br />R-0002681 <br /> <br />~ <br />