Laserfiche WebLink
CBRE <br /> COMMERCIAL REAL ESTATE SERVICES <br /> M E M O <br /> Date: January 6, 2017 <br /> Pat Brama-City of Ramsey Community <br /> To: Development Director <br /> From: Brian Pankratz, CBRE <br /> City of Ramsey Location for Stone Brook <br /> Subject: Academy <br /> cc: <br /> Patrick <br /> As part of the proposed Stone Brook development, I would support the Outlot B or the <br /> pads known as Parcel 42. The desire to create and continue retail development seems to be <br /> the focus of the City Council and the residents of Ramsey. The Stone Brook +/-10,000 SF <br /> daycare reviewed all the potential options within the COR and chose the 1 acre Outlot B <br /> location as their preferred choice. <br /> For Outlot B I understand there are utilities installed adjacent to the site from prior <br /> development work that has some impact on layout/development. In my opinion Yolite is <br /> not a necessary access road for the development but I am looking at it from a real estate <br /> perspective and not policy. It will be key that Stone Brook and other users have access <br /> directly off of Sunwood. The location has existing utility service needed from what I <br /> understand for development. The parcel 42 parcels are contiguous to other retail creating <br /> synergy and right off of Armstrong providing better signage rights. <br /> Stone Brook Academy has had numerous meetings with CBRE and City staff on potential <br /> locations, fees, development issues, and approval process. <br /> The pricing at $3 PSF seems low but to encourage development feel the City moves forward <br /> with a slight increase to $3.50-4 PSF. They will make up the cost difference over time <br /> through building fees, property taxes, additional amenities to serve the COR/Ramsey, and <br /> provide new families with a service that is currently not available in the immediate area. <br />