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MEMO <br />Date: January 19, 2017 <br />Pat Brama-City of Ramsey Community <br />To: Development Director <br />From: Brian Pankratz, CBRE <br />Subject: Stone Brook Academy Adjacent Land Parcels <br />cc: <br />Patrick <br />CBRE <br />COMMERCIAL REAL ESTATE SERVICES <br />As part of the proposed Stone Brook development, there will be the two remaining parcels <br />on the west of +/-3 acres and on the east of +/-.50 acres. The remaining land pieces both <br />have some issues including infrastructure costs for the smaller piece (will they be <br />responsible for road costs?) and the 3 acres with a well on it. <br />This overall parcel has drawn interest in the past from housing developers due to the <br />incentives from government agencies for the proximity to the Northstar Rail. The larger <br />piece could still handle a multifamily building to take advantage of the adjacent retail and <br />Northstar ling creating the walkability that is popular now. Additional uses could include <br />retail or medical office/office. <br />The smaller parcel could be a small retailer or office user like medical, law firm, or <br />accountant. In addition the smaller parcel could also be a good location for a pocket park <br />that is popular in urban design right now. <br />The COR design standards with on street parking, no onsite water ponds, and zero lot lines <br />will eliminate some issues on either of the lots related to lot size, parking, and setbacks. <br />