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CITY OF ST.ANTHONY Nonhwm Quadrant Redevetoptnent Update MARCH 2002 newsletter,on the project Hotline,and in $775-$900 for a one-bedroom to community objectives are met. future issues of the Northwest Quadrant $1250-$1,375 for a three-bedroom. Q. How will the redevelopment Redevelopment newsletter. Q. Senior housing is the biggest need be funded? Q. Will Herberger's be a part in our community. Why must we A.The redevelopment will need to be of the development or not? build any family housing? p funded through private investment,state or A. It's not known at this time. Herberger's A.To remain a healthy,vital community, federal funding,and tax increment finance. has been a valuable part of the community St.Anthony needs to ensure it can continue for many years and the City is committed to retain and attract residents of all ages. Q. How can I give my ideas to working with the developer to provide A strong community provides good housing and feedback? an opportunity for Herberger's to stay at the options for seniors,for families,and for A.You can leave a message on the site. Herberger's would likely be located in a everyone else in between. City's Hotline at 612-706-1350, new building.Any decision to stay or not Q. Do we know exactly what type of email the development team at stay would have to be made by Herberger's housing units will be available in lenpratt@pratthomes.com,or call the based on its needs and the costs associated the development? City at 612-789-888I. with being a part of the new development. Q. How can I keep informed? Q. I don't think we need any more A. Pratt-Ordway's original concept included apartments. Why is the City stand-alone single family villas,townhomes, A.The City will continue to provide building apartments? and market rate apartments.Clearly,any updates on the Northwest Quadrant redevelopment will contain housing that redevelopment project in the City's A.Apartment homes serve the needs of includes a mix of types and price ranges to newsletter,the City website at wwwci.saint- many people,such as long-time residents meet the range of needs within the anthonymn.us,and through period updates who are empty nesters and don't want to community. of this newsletter.For more information, maintain a single-family house,young Q Why must the City even pursue you may also contact the City offices at people who have grown up in the redevelopment of Apache Plaza? 612-789-8881,or for general updates,call community and are now on their own,and the Hotline at 612-706-1350. young families who work in the community A.Apache Plaza was once a pioneer and are not ready for home ownership.By shopping center in the region.But changes NEXT: STEPS providing a wide range of housing types, in retail trends and competition from the City can meet the needs of all residents. modem shopping malls have made it less April 2002 Preliminary development Q. Can you tell me what the price relevant to the community.The City would agreement entered range will be for the apartments? like to return the mall area to the kind of Summer/Fall Open House on exciting focal point for St.Anthony that the 2002 Preliminary Site Plan A.Here is an example.The monthly rent for shopping center once was.At the same Late 2002 Final development luxury/market rate apartment homes in the time,the development would enable the agreement entered development could be expected to range City to provide new housing options to from$875-$1,000 for a one-bedroom,to meet needs in the community and increase 2003 Acquisition,relocation, $1,350-$1,475 for a three-bedroom.The the City's taxbase. Like St.Anthony,many demolition monthly rent for senior apartment homes communities throughout the metro area are 2003 or 2004 Construction begins could be expected to range from about pursuing redevelopment to ensure H31moisno-IVISOd WINMIS38 SSMH03 � sn'utu(uayluo-is.u.«mm 1888-68L-Zt9 81bSS NW'Lu041W'IS KZZ'ON utntad PCGH XJUJ Ia^l!S 10££ Nj1'sgodeauutiV QIVS- a ICU 'QiS '.L2IS2id `1i