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<br /> <br />Elk River EDA Strategic Plan | 12 <br />Development Trends <br />Much of Elk River’s development over the past decade has been in the form of housing <br />development. According to ESRI business analyst, Elk River had 8,542 housing units in <br />2010, and 9550 in 2020. Of that thousand new housing units, the great majority were <br />single family homes and townhomes. <br />The map below provides an overview of new development in Elk River. It locates all <br />new commercial development (which in real estate terminology includes multifamily <br />rental housing) that has been completed in Elk River since 2010, according to the <br />records of Costar, a real estate data provider. Two general occupancy apartments were <br />developed in 2011 and 2014 near Elk River’s Northstar commuter rail station. Senior <br />living facilities were completed in 2017 and 2018 in west and central Elk River <br />respectively. <br /> <br />Two industrial businesses built large new facilities, in 2014 and 2016. And three new <br />retail properties were developed. <br />