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JUL-11-00 TUE 13:33 HILLCREST DEVELOPMENT FAX N0, 3782424 P. 03 <br /> Mr. Hoff Heiberg -2- July 7,2000 <br /> 360,000 square feet is believed to be gross leasable area(GLA)based on <br /> observations and approximate measurements. <br /> • Bowling alley which occupied about half of the mall basement <br /> • Taco Bell <br /> • Ward's Auto Center with 10 service bays <br /> • New Market Grocery Store of 50,000 square feet <br /> • Bank <br /> Present Site Characteristics <br /> Through our site visit and other research, several changes have been made to the original <br /> site. The original grocery store has been demolished. The site has been partially <br /> subdivided and new developments have been established. The bank and Taco Bell <br /> remain in their original size. The auto center has been remodeled and expanded to <br /> include a liquor store. Excluding the shopping center core,the following are existing <br /> developments on the site: <br /> • Taco Bell <br /> • Tires Plus with eight service bays <br /> • Liquor store-attached to north side of Tires Plus <br /> • US Bank <br /> • Convenience store with gas and car wash <br /> • 76,000 square foot Cub Foods <br /> • Mini Mall-approximately 9,000 square feet <br /> Redevelopment Site Characteristics <br /> The redevelopment of the site would leave the above existing developments in place. <br /> According to the developer,the redevelopment of the shopping center core would result <br /> in 350,000 square feet of high-tech office uses on the ground floor. The 100,000 square <br /> feet of space in the basement would be used for light manufacturing or some other similar <br /> use with fewer employees per square foot than general office space. A new 100,000 <br /> square foot building is also proposed to be developed for high-tech office use. <br /> Traffic Facilities <br /> Through our site visit,we also examined the existing traffic facilities serving the site. <br /> There are three entrances to the site on the east side that access to Silver Lake Road. One <br /> of these is signalized with right turn lanes and protected left turns both into and out of the <br /> site. The other two accesses on the east side are unsignalized,but do provide left and <br /> right turn lanes for traffic entering into the site. AD three access points on the east side <br /> provide free right turns for exiting traffic, with long merge lanes. Silver Lake road is a <br /> divided north-south route,with right and left turns at most intersections. There are two <br /> accesses on the west side of the site that connect.to Stinson Boulevard. Both accesses are <br /> T-intersections and one of these is signalized. Stinson.Boulevard is a north-south route <br />