06/13/2005 Council Packet - Laserfiche WebLink

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Light Industrial The Apollo Business Park on 35W is a light industrial park initiated by the city when it purchased 36 acres of undeveloped area in 1990. Light industrial development includes office /warehouse, manufacturing, and wholesale distribution facilities. The light industrial business park called Clearwater Creek Development Center, located on 35E, has three new businesses since 1995. This park has tremendous potential for future industrial business development. The new Marshan Industrial Park on Lake Drive began development in 2003. This park provides additional potential for new light industrial business in Lino Lakes. Panattoni Development constructed a distribution facility in 2004, and Schwan's Food Service will be completing a new facility in 2005. Commercial In recent years the city has turned its focus to the development of commercial business in the Town Center in Lino Lakes. Commercial development refers to any nonindustrial development that is taxed at a C/I tax rate, i.e., professional offices, service businesses, entertainment, and retail. Retail development refers to that which provides consumer goods at retail prices. With population growth, the city is beginning to attract commercial developers to the commercial areas on 35W and 35E. The Town Center on 35W is the primary commercial area that has been designated as the future "downtown" Lino Lakes. Extensive planning since 1995, plus the city's purchase of land within one quadrant of the Town Center, has provided the momentum for development. Based on a concept of Traditional Neighborhood Development, the emphasis is on high density, mixed use that responds to pedestrians as well as the automobile. This "Main Street" concept has been gaining acceptance throughout the country as an alternative to standard suburban development catering to big box retail and oriented to the automobile. To date, SuperTarget, Kohl's, two 14,000 sq. ft. multi - tenant buildings, two banks, two clinics, a convenience store /gas station, the Lino Lakes Civic Complex, McDonald's. DQ, and Discount Tire have developed in the Town Center. An additional 14,000 sq. ft of multi- tenant retail is slated for construction in 2005. Hartford Group has assembled the land and is acting as master developer of Legacy at Woods Edge, based on the city's plan for development of the "Village" site in the southeast quadrant of the interchange. This mixed -use development could potentially generate up to $150,000,000 in market value over time. In addition, a YMCA will begin construction in 2005. The 35E corridor is attracting significant development interest. The city has undertaken a major environmental review of the corridor called an Alternative Urban Areawide Review. A development partnership has optioned the 362 -acre Rehbein property northwest of 35E /Cty 14 for a master planned development of significant proportion. 2