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■ ■ Ownership Property ownership is as varied as the uses in the south section of the study area. ■ The Ste. Marie Company is the largest land holder, owning the Apache Mall property, the US Bank branch site, the Taco Bell property and a sizeable vacant ■ _ �- parcel to the west of the mall where the old Super Valu store was located. The ■ _ Cub food store site is owned by Supervalu Inc., while other properties along Silver Lake Rd. are held by various owners, as are the commercial and office ■ properties on the Stinson and 3911 Ave. side of the site. Apache Plaza Mall Originally constructed in 1961, Apache Plaza was one of the first enclosed malls ■ in the Twin Cities. The mall building contains 336,000 square feet of leasable area on the ground floor and 100,000 square feet in the basement. It was the ■ primary regional mall for the northern suburbs until construction of the Rosedale ■ Mall in 1972. Rosedale's size, superior highway access and tenant mix ad- versely affected the economic viability of the Apache Plaza, which declined to the status of a large community shopping center and lost several major tenants. ■ _ -- _ _ In 1984, Apache Plaza was struck by a tornado, which caused substantial clam- age. The mall was renovated, resulting in a number of new tenants, such as Herberger's. In 1989, however, additional tenants vacated in favor of new retail ■ developments in the Rosedale area, resulting in an extremely high vacancy rate. Currently, the mall is less than one quarter leased. The City has been planning for redevelopment of Apache Plaza since the mid- 1990's. The City's 1998 comprehensive plan identifies Apache Plaza as a com- mercial redevelopment opportunity area. In early 2000, a developer presented the City with a proposal to adaptively reuse the existing mall building for a mixed- use office/high technology industrial facility. The proposal was ultimately not approved, although the City did implement two important regulatory changes to ■ promote flexible redevelopment at the site. At this time the City was also aware that the Salvation Army planned to vacate and sell the Fresh Air Camp site lo- cated to the north of Apache Plaza across Silver Lake.The City seized the oppor- tunity to rethink the future of the entire quadrant of the city, which has led to this ■ master planning process. ■ ■ ■ ■ ■ "° Northwest Quadrant Redevelopment Plan St. Anthony Village Page A.3 ■ v ■ ■