5. EDSR 09-11-2006 - Laserfiche WebLink

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Appendix f: Competitive Data Primary Competitors Andover has regularly been running four-color advertising in the ND~VER~` Minnesota Rea! Estate Journal. It has been touting its Andover Station project with a tag line "The North Metro has a new player." According to the City of Andover Comprehensive Plan, nearly 85 percent of the Anoka County community is guided fox residential development. Two industrial areas exist. One is located at the southwest corner of Hanson and Bunker Lake Boulevard. The second is located at the northeast corner of Round Lake Boulevard and CountS~ Road 20. The land use plan establishes residential, commercial, industrial and other districts and provides goals and policies fox each district A transitional zone has been established to accommodate future commercial/light industrial growth. The TC, Transitional Commercial/Industrial district includes areas along major roads or intersections that axe not zoned fox commercial at present but could be suitable in the future. City Web site: www.ci.andovex.mn.us Although Anoka has been perceived in recent years to be one of Elk River's primary competitors in the area of economic development, it is a mature urr~ community with a rapidly dwindling inventory of industrial land. NUKA As of mid-August 2006, the City of Anoka Web site listed only two small (.6 and 2.9 acres) industrial land parcels. Several existing buildings of up to 432,000 ', square feet were listed fox sale ox lease. City Web site: unvw.ci.anoka.nm.us Located just west of Elk River, also in Sherburne County, Big Lake is perceived to be one of Elk River's primary competitors fox economic development opportunities. Elk River recently lost Industrial Molded Rubber Products Inc. to Big Lake, fox example. Numerous industrial ~'~` +~` and commercial development sites, as well as leasable space in existing ~ ~ buildings, are available in this fast-growing Sherburne County community. The joint city/township Industrial Paxk East includes sites ranging from 25 to 6.5 acres. The privately owned Dynamic Development Business Paxk has lots ranging from 10 to 20 acres. One of the most notable projects in the community is Big Lake-based Dynamics Design & Land Co. LLC's new 450-acre mixed-use Big Lake Marketplace development, which has up to 50 acres earmarked fox industrial development. The development is situated north and south of U.S. Highway 1Q just three minutes west of Elk River. The project is being marketed by Cushman & Wakefield/Northstar Partners. Possible Tax Increment Financing (TIF) and other incentives are available through the City of Big Lake. City Web site: www. biglakemn.oxg E1