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14 <br />Demand for Real Estate Uses at the Site <br />Restaurant and Retail Demand <br />Much of the retail space at Mounds View Square is <br />obsolete <br />There is demand for about 65,000- to 75,000- <br />square feet of total restaurant and retail space at <br />the Site <br />Better positioned space could capture growth in <br />the PMA <br />“Right-sizing” the retail space creates opportunities <br />for mixed use <br />Multifamily Demand <br />Affordable housing units: 140-145 <br />Market-rate rental housing units: 90-100 <br />Senior housing: 50-60 units <br />Residential uses are more “market-ready” than retail <br />uses