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RETAIL <br /> <br />McCOMB GROUE, Ltd. <br /> <br />E S T A T E A N D <br /> CONSULTANTS <br /> <br /> Revised <br /> January 6, 2003 <br /> <br />Mr. James E. Norman, City Administrator <br />CITY OF RAMSEY <br />15153 Nowthen Boulevard NW <br />Ramsey, Minnesota 55303 <br /> <br />Dear Mr. Norman: <br /> <br />In response to your request, we have prepared a work program to conduct market analysis to <br />identify redevelopment potential for the commercial area at the intersection of TH-47 and 167th <br />Avenue. Businesses in this commercial area are facing increased competition from new <br />businesses in Ramsey and St. Francis creating the need to reposition and remerchandise the <br />commercial area. The objectives of this engagement are to: <br /> <br /> Evaluate the commercial area and its tenant mix. <br /> <br /> Identify competitive shopping areas. <br /> <br />· Delineate the commercial area's trade area and estimate future residential households <br /> for 2005, 2010, 2015 and 2020. <br /> <br />· Estimate demand for retail, service and office uses of the commercial area. <br /> <br />· Identify those retail, service and office uses that are consistent with the commercial <br /> area's location and trade area. <br /> <br />· Land use and site planning to illustrate how the. area could be redeveloped is included <br /> as an optional task. <br /> <br />The work program described below is designed to evaluate the market and redevelopment <br />potential for the TH-47 and 167th Avenue commercial area. <br /> <br />WORK PROGRAM <br /> <br />The work program outlined below is designed to fulfill the above objectives. Specific work tasks <br />include:, <br /> <br />Site Evaluation <br /> <br />Business establishments in the TH-47 and 167th Avenue retail area will be categorized by <br />type. The commercial area will be evaluated including, but not limited to: ingress and <br />egress, access, visibility, current and future traffic counts, and relationship to adjacent <br />uses. <br /> <br />222 South Ninth Street Suite 380 Minneapolis, Minnesota 55402 · (612) 339-7000 Fax: (612) 338~5572 <br /> <br /> <br />