06/01/2009 Council Packet - Laserfiche WebLink

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Light Industrial The Apollo Business Park on Apollo Drive is a 100 -acre light industrial development that includes office /warehouse, manufacturing, and wholesale distribution facilities. The park is full although the recessionary period of 2008 -2009 have forced the closings of several tenants within the park. A light industrial business park called Clearwater Creek Development Center is located on 35E. Most of the remaining vacant land within the park is owned by a private developer. It holds good potential for future industrial business development. The Marshan Industrial Park on Lake Drive began development in 2003. This park has two remaining small acreage sites for new light industrial business. The draft comprehensive plan space needs analysis projects an additional 47,000 sq. ft. of industrial on the west side of the city and 127,000 sq. ft. on the east side of the city by 2020. 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. The Town Center on 35W is the primary commercial area that has been designated as the future "downtown" Lino Lakes. Extensive planning since 1998 has provided the momentum for development. To date, SuperTarget, Kohl's, three 14,000 sq. ft. multi - tenant buildings, three banks, two clinics, a convenience store /gas station, the Lino Lakes Civic Complex, McDonald's. DQ, Discount Tire, affordable apartments, the YMCA and two hotels have developed in the Town Center area. In addition, the 35W interchange and bridge have been reconstructed. Current economic conditions have stalled development, primarily within the high density, mixed use portion of the project. Moving forward with the project as conditions approve is a high EDAC priority. The draft comprehensive plan analysis for commercial use indicates that from 2006 -2010 there will be a total of 24,000 sq. ft. of retail demand on the west side of the city. However, the city has already exceeded that amount of retail development, and has considerable empty leasable space available. It can be assumed that additional retail will be slow until population figures for that market area 2 • • •