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Planning Commission Meeting Minutes January 18, 2000 • Page 5 = 1 Tillmann asked if Mr. Tankenoff envisioned one large company as a client, or a combination of 2 smaller and larger companies. Mr. Tankenoff responded that he prefers diversity in clients. 3 Tillmann asked if Mr. Tankenoff envisioned several different options along the restaurant or 4 coffee shop line of thinking. Mr. Tankenoff stated that vision would depend upon the density of 5 the job base. 6 Hatch mentioned the public space proposed for the inside of the St. Anthony Shopping Center, 7 and asked Mr. Tankenoff about his thoughts regarding some type of public space for the Apache 8 mall. Mr. Tankenoff responded that he does not anticipate a great deal of public space for 9 Apache because it would mostly be housed withclients. 10 Bergstrom stated his belief that the City would like to coordinate efforts with Mr. Tankenoff on 11 developing a community gathering space. This concept could be ultimately combined with land- 12 scaping elements. Mr. Tankenoff agreed that he has an obligation to provide a certain caliber of 13 space for his clients and that landscaping, in particular, is desirable for the outside of the 14 building. 15 Melsha inquired about the time frame anticipated for the purchase of the project. Mr. Tankenoff •6 responded that the closing would be in approximately 120 days. 17 Thomas inquired if Mr. Tankenoff envisioned any development of the land outside the mall. Mr. 18 Tankenoff responded that Hillcrest Development would focus on the land after options for the 19 mall itself are considered. He felt that, after options for the 300,000 plus square footage of the 20 mall have been discussed, that the rest would fall into place. He reassured the Commission, 21 however, that an option would be developed for the land outside the mall that would be 22 compatible and agreeable with the City and the community. 23 Tillmann asked if the Herbergers store would cause a stumbling block for the redevelopment 24 project. Mr. Tankenoff responded that Herbergers still has some time left on their lease, but 25 would cause an obstacle for the project. The perception has been, he stated, that Herbergers 26 would consider changing the store over to a warehouse or possibly an outlet.store. But an option 27 would be for Herbergers to vacate the location.. Otherwise, Mr. Tankenoff stated, the remaining 28 tenants are on a month-to-month basis. 29 Hanson asked if the shell of the building would remain the same. Mr. Tankenoff responded that 30 the nature of the building is such that he would like to take sections and add windows for more 31 light. For aesthetic purposes, the building would require additional light. 32 Hanson asked Mr. Tankenoff if he was aware if US Bank had previously researched the concept W3 of obtaining other retailers for the building. 34 In essence, Mr. Tankenoff stated that the Bank obtained the property after the loan was defaulted. 35 It ultimately became the bank's conclusion to tear down the building because it was known that 36 retail had not been successful at that site. Mr. Tankenoff believed that the pool of potential