HRA MINUTES 02111981 - Laserfiche WebLink

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-2 - From the data gathered by the consultant it was noted that the • center has changed over the years.from a community center to a overly large neighborhood shopping center entailing 240,000 square feet of shopping area. She also noted the tenant changes over the years with food and drug stores as the current anchors of the center. The primary market area is to the north and west, with the south and east containing mostly non-residential land. In the analysis of this data and the provided demographic and income data, it was concluded there would be support for approximately 90,000 square feet of additional.promotional discount floor space but in consideration of these existing type stores already in the area, this option is somewhat limited. Also, from the data, it was concluded that market support for restoring shoppers goods tenants into the center is not a feasible option. Feasibility of continuing to operate two existing neighborhood centers with anchor tenants of food and drug was also judged risky. Cut back of the retail district to one large neighborhood center, together with support community uses which already exist (library, bank, motel, etc.), was seen as the most viable commercial option. Although the market support for the aforementioned was judged available, the existing land would be underutilized under this sized commercial district and therefore a portion could be developed for supporting and compatible uses including additional professional office space/ or housing. In view of the market demand for housing and the existing office space in the area, housing was.judged to be more • marketable. Finally, it was judged that the strongest housing market for the site is for the elderly. The 1980-83 market demand was estimated at 105 elderly units without subsidy and 150 elderly units with subsidy. Demand for the non -elderly was estimated at 85 units for owner -occupied or 135 units of rental. Following discussion of the above matters by the Task Force members and Ms. Lukerman, Mr. Dick Krier of Westwood Planning outlined the next step to be undertaken by the planner and the Task Force. He stated that during the next meetings he would provide the information to show what can or could happen at the.center - the alternatives - and how these alternatives could be implemented. Motion by Mr. Haugen and seconded by Mr. Swan to adjourn. Motion carried unanimously. The meeting was adjourned at 8:55 P.M. Respectfully submitted, Ronald 0. Berg Administrative Assistant 0