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• • • <br /> In addition, the report identified sites that have the greatest <br /> potential for redevelopment based on the positive impact it <br /> would have on the downtown. Primary Redevelopment Sites <br /> Elk River Downtown Redevelopment Area <br /> 2007 Adjusted Market Analysis <br /> The table below reflects the remaining balance of demand 1 t' <br /> available after reducing the initial demand by the recent \ <br /> development activity that has taken place within the Study Area. <br /> These recent developments include: Northern Area <br /> « elk Rlv6v Necnlne I - <br /> Housing: <br /> \ <br /> Granite Shores for-rent multi-family 67 units `� <br /> Jackson Place apartments 32 units :* i <br /> tWestefb en /Office:The Bank of Elk River expansion 20 000 sf Trnsition 3rd St <br /> Retail: <br /> The Bluffs commercial 10,000 sf ' X* ` t * \ * 6 <br /> L-•,W, M.m St <br /> Jackson Place commercial 10,000 sf II ��/ <br /> Core CBD —"�\~� <br /> The balance indicates remaining housing demand to 2010. � <br /> Redevelopment proposals that exceed the indicated demand <br /> Lit 1,,..1 <br /> during that time shall be supported by an up to date market <br /> analysis. x <br /> Prism,'Redevelopment Sites <br /> Otsego <br /> Demand Summary ,Retail 2 Ret.aatur Owe or xo„ing <br /> Downtown Elk River Redevelopment Area 3 Pert Office eo1ansion <br /> 2007 to 2010 4OMre <br /> Mullett(Research Inc. 5 Office <br /> 6 Office <br /> Housing 7 Residential <br /> For-Sale M ultifam ily 48 units 6 Residential <br /> 9 Office er Howled <br /> Market Rate Apartments 300-328 units to L;J.tl„elentt;,t:___- <br /> Market Rate Senior Housing 60-70 units <br /> Source: M axfield Research Inc. & City of Elk River <br /> Draft as of September 4, 2012 -Part I,page 29 - <br />