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MAR-25-97 TUE 13:31 TOWLE REAL ESTATE CO FAX NO. 6123479389 P. 01 <br /> TOWLE <br /> • REAL E;TAPE <br /> VIA FACSIMILE:(612)784-3462 71 rA�.i•" s..4.•PESEAK}+ <br /> TOWLE REAL ESTATE COMPANY <br /> TOWLE BUILDING.SUITE 800 <br /> March 25, 1997 330 SECOND AVENUE SOUTH <br /> MINNEAPOUS,MN 55401 <br /> • <br /> Ms.Cathy Bennett TEL:612 341 4444 <br /> Director Economic Development FAX 612 347 9389 <br /> City of Mounds View <br /> 2401 Highway 10 COLLIERS <br /> Mounds View,Minnesota 55112 S T I I N w 1 1 C M A t <br /> NOM AmsucA <br /> ARAMA <br /> RE: Mounds View Redevelopment Market ReviewSUWON <br /> oAw,oee <br /> Highway 10 Corridor,North and South Sides CAmelik <br /> of Highway 10 Between County Road I and `ON"'" <br /> ck„c�sTON.sc <br /> Silver Lake Road o+A�rh.NC <br /> cWaGo <br /> Mounds View,Minnesota eNerp4wn <br /> C NcLAND <br /> Dear Ms.Bennett: DALLAS <br /> onion'onircea <br /> This letter serves as clarification to a point in our report on the above-referenced subject area regarding uanv e <br /> • the construction/development of a cinema-plex in the Northtown Mall/Mounds View area. HOUSTON <br /> ren <br /> KANsAS CITY <br /> Our report made the assumption that the Anthony Properties development would in fact be built(16- PS ANGELES <br /> LCUSAlt <br /> screen movie theater),so any further development of this type would not be economically feasible. MelANS <br /> WAY <br /> 'AWAKE'S <br /> While the Northtown Mail/Mounds View retail trade area is probably large enough to support a MINNEAPCUS <br /> cinema-plex development as the proposed Anthony Properties project; it is not large enough to r <br /> support any further movie theater construction that could possibly occur within the subject study area. o iA A <br /> Please note,however,that no specific research and analysis regarding the feasibility of the Anthony morta <br /> Properties project has been performed by Towle Real Estate Company. nwA TCN <br /> If you have any further questions or comments,please do not hesitate to contact me at 347-9336. o <br /> SAN Dion <br /> SAN NANO= <br /> Sincerely, SAN nsE <br /> seArna <br /> sr tae <br /> Towle Real Estate Companyracivro <br /> vANcwva <br /> NCCNM <br /> WASNINGICIP4.o C <br /> N*.we0 <br /> WtEMADC+AL <br /> 00.111 <br /> rurP.uA <br /> ger L.Skare,MAI <br /> Vice President "0N6�'� <br /> Appraisal/Consultation Services tDO m <br /> morn <br /> New ,uw <br /> »amass <br /> i <br /> 110404 <br /> TAANAN <br />