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tion costs through the property it impossible to open windows taxes generated by the new or sit out on a balcony. All real estate holding. these problems can be solved Successful developments by careful design, says Peyton, also require developers and but it's important to truly con- Pk 73,352 sq. ft. facility on 53 acres cities to work together to come Sider the issues and construct workable solutions. A problem with a less- 'eights to 24' clear The life- defined solution, Peyton says, red expectancy is that the life expectancy of a building that combines k-high doors and nine drive-in doors of a building com- mercial and residential func- ed by Chicago Rock Island and that combines tions is unclear. The life cy- ailroad commercial cle—the amount of time that to 1-35, which provides convenient access and residential !apolis, St. Paul and Minneapolis/St. Paul functions Tonal Airport is unclear. 4 AILS CONTACT: up with a design that fits the x N*I /ANGER site. That almost always in- ulevard,Suite 421,Minneapolis,MN 55439 o volves asking the people who @ CHESTERTON • Fax:952-835-5347• E- mail:info binswangeccom BEUMENAUER live in the neighborhood what ,, Vorldwide • www.cbb.com/owatonna atrvswArvcER „ . they think would make a de- velopment work. "Communi- ties and neighborhoods are n" More getting more and more in- y ; Expect Mo I e volved in what happens within their boundaries," says Kent , ? " Just one call and Carlson, vice president of Keith Ulstad s"•y • development at Ryan Compa- �- t"r e, ,k they handle it all. rues. Project planners should typically goes by before prop- 6 If;n'' deal with concerns about traf- erties are either drastically re- r "We have considered CRESA Partners fic, noise, and neighborhood furbished or torn down—is 20 ; ' �q "It., n'; r g ,p , a ' ;74,-.;,„;.;/; t part of our team since they first nt°�'0'x"-; t access early on. He adds that to 30 years for commercial negotiated our lease almost 10 �' t l'' years ogo.Noronydo they provide no one will succeed if the properties and between 50 and ' r j'I" neighbors aren't happy. "You 80 years for residential. .. or exceptional services locally,they g ppy. deliver superior resuh across really need their support," he Will mixed-use develop- u country From Salt Lake city to says. "I don't think our clients ments continue to gain market 110; ,r 4 Madison,their singlepomrofcono would want to go to these share in the Twin Cities? Most t k� g " enables me to focus m time and as places without it." planners and developers think y energy on building MY business." Traffic, noise, and parking �„�f ;'e, � p g they will, though they agree P',, ' Bruce Telander,President are at the top of the list of that the pace of development fiF T� Cobb Strecker Dunphy neighbors' concerns. People is likely to moderate. ,ya a {^� &Zimmerman want to make sure that if they "I don't see it as a wide, rs .n� live above a busy tavern,noise sweeping trend that will l'; ra Amu; 97- won't disturb them when replace the shopping center, they're trying to sleep—a but it's a niche product that �rI n scenario that's more likely in a can work in the right place," 3 etc. -,)•A mixed-use development than Ulstad says. "Cities need to in a more traditional neighbor- treat them as long-term pro- eopoils o e hood. Parking can be a prob- jects and be willing to wait for siraazaav8 lem in any area that attracts them to work." • • ,^ cresapartners coin.' large numbers of residents and ATE REAL estate SERVICE ADVISORS visitors. And odors from Ingrid Case is a Minneapolis- restaurant trash bins can make based freelance writer. TWIN CITIES BUSINESS MONTHLY