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•- <br />Page 12 Minnesotd7teal EstateJournal *August 7 200 <br />REPORTS <br />histant <br />Main Street <br />SUBURB STRIVES FOR <br />URBAN ATMOSPHERE <br />As one drives along Interstate 694 or <br />nterstate 94 in Maple Grove, the <br />landscape on the northeast side of the free- <br />ways is rather predictable for a booming <br />suburb. Restaurants with neon lights line <br />the frontage road. Numerous strip malls <br />and large gas stations are visible. Big box, <br />national retailers dominate the view. <br />But then, as motorists peer from their <br />vehicles, they will most likely be struck by <br />something unusual and out of the ordinary. <br />At fust, it looks like a mirage of some sort; <br />motorists night rub their eyes a bit in dis- <br />belief. <br />When they do focus in, however, they <br />will notice a newly developed, old-fash- <br />ioned downtown; a downtown with two- <br />story brick buildings, on -street parking, <br />trees, park benches, flower boxes, ornate <br />light poles and people milling about and <br />window shopping. <br />In an era when many suburban down- <br />towns are a collection of strip malls and <br />power centers, Maple Grove's has the look <br />and feel of an old-fashioned downtown, <br />with some new twists that make it eco- <br />nomically sound and well-positioned for <br />PHOTOS COURTESY OF KKE ARCHITECTS INC. <br />Opus Northwest LLC led the development of Arbor Lakes, a $260 million mixed-use project that includes a new <br />downtown for Maple Grove. New big box retail and several restaurants are also included. <br />DOUGHERTY FUNDING LLC <br />A DOUGHERTY FINANCIAL GRouP COMPANY <br />COMMERCIAL REAL ESTATE AND <br />STRUCTURED FINANCE ExPERTS <br />Commercial Real Estate for all Property Types ,and Innovative <br />Commercial Financing Products <br />• Permanent Commercial Mortgages <br />• Construction and Mini -Perm Financing <br />• Bridge Financing <br />• Project. and Structured Financings <br />• Accounts Receivable and other Asset Based Loans <br />• Subordinate Debt and Equity <br />• Acquisitions, Recapitalizations, and restructurings <br />• Creative Financing Solutions to meet your needs <br />For Information, Please Contact: <br />(612) 317-2000 or (800) 277-0786 <br />Foreclosure Sale` <br />25 Unit Complex <br />Walnut Grove, Minnesota <br />Property: <br />Grove Apartments <br />361 -8th Street <br />Walnut Grove, MN 56180 <br />Time aril date of We: <br />9:00 a.m. <br />August 25, 2000 <br />Sale will be held at: <br />The Sheriffs office <br />Redwood County Courthouse <br />3rd & S. Jefferson <br />Redwood Falls, MN 56283 <br />Terms: <br />All Cash/ As is - 30 day closing <br />Unstated Minimum <br />To submit a bid: <br />Bids may be submitted in <br />writing or made orally at the <br />foreclosure sale. Interested <br />parties must obtain a bid kit <br />before they can bid. <br />For a bid kit: <br />(214) 905-0877 <br />Fax (214) 905-9931 <br />bidkits@swbell.net <br />For additional information: <br />Farla Knight <br />Ft. Worth HUD MFPD Center <br />(817),978-5810 <br />farla—g.—knight@hud.gov <br />Earnest Money:$25,000 <br />Note: This advertisement is placed by HUD and does not constitute the legal notice of foreclosure sale. <br />4,a,e "E atia <br />i * t <br />U.S. DEPARTMENT Or HOUSING <br />rt OPMENT <br />AND URBAN DEVELOPMENT <br />s <br />*,� <br />cThe <br />information in this ad is also available at <br />EGUIR HOUSING <br />OPPORTUNITY <br />. a <br />BSM OEVE <br />- wit,w.had.gov/flia/rtifli/Pdintfplist.hiiiii <br />