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Economic Development Authority(EDA) 4.3. <br /> Meeting Date: 09/01/2016 <br /> By: Tim Gladhill,Community Development <br /> Title: <br /> Receive Update on COR Development Plan Analysis <br /> Purpose/Background: <br /> As the EDA is aware,the Planning Commission and City Council have been working to evaluate the Development <br /> Plan for The COR. As part of that process,EDA Members were invited to participate in an online survey of key <br /> components of the Plan. The Planning Commission and City Council reviewed the results of this survey at a July <br /> 12, 2016 Joint Work Session. Although some trends were discovered, a number of market questions remained. The <br /> outcome of this meeting was to hold a market roundtable/panelist discussion. <br /> Notification: <br /> Notification is not required at this time. <br /> Observations/Alternatives: <br /> Staff has been preparing the logistics of the directed workshop. Primarily,the intent of this workshop is to invite <br /> market experts such as market analysts,real estate brokers/experts, developers, and designers in a collaborative <br /> environment so that individual participants get can real time feedback on market questions that remain. These <br /> questions include,but are not limited to, the following: <br /> 1. What is the market condition of vertically mixed-use buildings(ground level retail,residential above)? <br /> 2. What is the market condition of large-format retail(big box)? <br /> 3.What is the market condition of restaurants? <br /> 4.What are the logistics of constructing shared parking ramps?What level of involvement financially is <br /> required/recommended of the City? <br /> Funding Source: <br /> This case is being handled as part of normal Staff duties. <br /> Recommendation: <br /> Staff is tentatively scheduling Thursday,October 20,2016 for this roundtable/panel discussion. Staff is <br /> recommending the following primary panelists to serve as a expert,moderated panel. <br /> 1. McComb Group, Ltd. or Maxfield Research(market analyst) <br /> 2. CBRE (real estate broker) <br /> 3. Dorn Construction or Weidner(multi-family residential developer) <br /> 4. Opus of Platinum Properties(retail developer) <br /> 5. SRF Consultants (Jim Lasher-original designer/project manager of existing Parking Ramp) <br /> 6. Peer Community Representative (Edina,Maple Grove, Saint Anthony Village,Oakdale, etc.) <br /> Other experts invited to participate in discussion: <br /> 1. WSB Associates(City's Planning Consultant) <br /> 2. K. Hovnanian(owner of developable townhome land) <br /> 3. D.R. Horton(owner/developer of townhome land) <br /> 4.Ehlers(City's financial consultant <br /> Agenda <br /> 1. Overview of Policy Maker Survey results <br />