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<br />SUMMARY OF RESEARCH AND RECOMMENDED STRATEGIES <br />EDA STRATEGIC PLAN 1 <br />This analysis points to the value of continuing to foster the manufacturing sector in Elk <br />River. It indicates the benefit to Elk River of being the location of both Elk River and <br />Sherburne County offices. It suggests there may be value in understanding and fostering <br />the Elk River construction sector more intentionally. It raises the possibility that there may <br />be opportunity to solicit additional health care facilities in Elk River. <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 new <br />commercial development (which in real estate terminology includes multifamily rental <br />housing) that has been completed in Elk River since 2010, according to the records of <br />Costar, a real estate data provider. Two general occupancy apartments were developed in <br />2011 and 2014 near Elk River’s Northstar commuter rail station. Senior living facilities <br />were completed in 2017 and 2018 in west and central Elk River respectively. <br />