Laserfiche WebLink
<br />000 MCCOMB GROUE Ltd. <br />O.D REA L EST ATE AND <br />ODD R ETA I Leo N 5 U L TAN T 5 <br /> <br />November 20,2006 <br /> <br />Ms. Catherine Mehelich <br />Director of Economic Development <br />CITY OF ELK RIVER <br />13065 Orono Parkway <br />Elk River, Minnesota 55330 <br /> <br />Dear Ms. Mehelich <br /> <br />In response to your request, we have prepared a proposal to conduct research to determine <br />market potential for retail and industrial development for the proposed Gateway Business Center <br />located in the southeast quadrant of the intersection of TH -10 and 171 st Avenue in Elk River. <br /> <br />OBJECTIVES <br /> <br />The market research program is designed to determine market potential for retail and/or <br />industrial development in the Gateway Business Center and vicinity. Research objectives <br />include: <br /> <br />· Evaluate the location of the proposed Gateway Business Center and its suitability for <br />retail and industrial use over the next five to ten years. <br /> <br />· Review and summarize published retail and industrial market trends. <br /> <br />· Identify competitive retail areas, tenant mix, anchor stores and rental rates. <br /> <br />· Delineate a trade area of Gateway Business Center, evaluate its demographic <br />characteristics, and estimate retail and service resident purchasing power. <br /> <br />· Estimate retail development and service potential for Gateway Business Center for <br />2010 and 2015 including potential anchor stores and smaller business establishments. <br /> <br />· Identify competitive business parks, programs and incentives, land prices and rental <br />rates, and overall competitive climate. <br /> <br />· Identify demand for business park/industrial space and recommend programs to <br />stimulate development. <br /> <br />· Evaluate potential for short-term development (five years) compared to future <br />development (ten years) at Gateway Business Center. <br /> <br />The above objectives are designed to determine market demand for retail or industrial <br />development in Gateway Business Center. <br /> <br />222 South Ninth Street Suite 380 Minneapolis, Minnesota 55402 · (612) 339-7000 Fax: (612) 338-5572 <br />