PL PACKET 04191988 - Laserfiche WebLink

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• -2- size. Buyers will have the option of adding a second level on the end units of each building. Ease of maintenance and energy efficiency will be emphasized in the construction and finishing details. Basement areas will be unfinished. Portions of the site not improved will be landscaped with trees, bushes and sod; an emphasis being given to the elevations facing east and south to minimize the proximity to the rail- road tracks. Buildings will meet all required building codes and OSHA standards. Units will be equipped with smoke-activated fire alarms. Each unit will have an attached two car garage and driveway space for two exterior parking spaces. The primary market for this development is expected to come from St. Anthony Village and the surrounding northern suburbs of Minneapolis. Secondary market areas would generally fall outside a seven to ten mile radius from the site. With its relatively close and easy access to both downtown centers, interest may well come from those in out- lying areas desirous of living closer to the Central Business Districts. A typical buyer of one .of the subject townhomes will be between 30 and 70 years old looking to either move un to a newer, higher quality resi- dence or to a similar lifestyle with less maintenance and upkeep. According to the Multiple Listing Service (MLS) , the average price of • a single family home in the St. Anthony area was $98 ,200. The antici- pated base price range of $89 ,900 to $99 ,900 including one bedroom, one bedroom-den and two bedroom units, will be very attractive to this market' s demographic profile. Focus groups and market studies are currently underway to finalize the positioning of this product in the marketplace and to identify any nuances that need to be addressed. •