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Section 8: Redevelopment Potential <br />1 Market Demand <br />Describe the anticipated market demand for the proposed redevelopment identified in <br />Section 2. <br />This site will be used for a market rate single family residential development. The City estimates <br />this site could be subdivided to allow for 47 single family homes to be placed on quarter acre lots. <br />Included in this application is a residential development concept for the site; which gives a clear <br />picture of what the proposed development would look like. <br />This site is located adjacent to Ramsey Elementary School and is connected to several nearby <br />parks by an extensive trail system. Also, this site is located two miles from Ramsey's new urban <br />transit oriented development (The COR); which includes the new Ramsey Rail Station. <br />In the past 10 years, no other City in Anoka County has added as many residents as Ramsey. The <br />City expects this trend to continue. T; the City is confident this site could be fully developed <br />in three years —add 47 additional single family homes. <br />Identify the anticipated end -stage user(s).Single family residential (homeowners). <br />12 <br />