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January 18, 2022 Page 2 Each of these four areas will retain their commercial and industrial guidance in the 2040 Comprehensive Plan update, but there may be opportunities to promote infill at each of these sites as land ownership or tenancy changes hands. In particular, St. Anthony supports the creative use of commercial land for incorporating residential uses into commercial developments where the The Legacy of St. Anthony at 2540 Kenzie Terrace is 73 units on a 1.25-acre parcel, while the housing developments at Silver Lake Village are about 38 units per acre overall. St. Anthony 2040 Comprehensive Plan Chapter 4: Land Use integration of residential uses would be appropriate and well-supported by existing infrastructure. St. Anthony acknowledges that commercial areas will continue to adapt and change based on the changing retail environment and the age of many commercial properties. Furthermore, the future of parking requirements may also change as technologies advance and the ride sharing economy impacts transportation choices. A short summary of foreseeable opportunities at each of these nodes is summarized here: • Southwest Area. In 2016, St. Anthony was the recipient of a technical assistance panel (TAP) from ULI Minnesota in which ULI staff and experts analyzed the redevelopment potential of the Southwest Area of the city. The panel found that the cost of land acquisition and relatively good condition of the existing developments in this area may be prohibitive to redevelopment. However, they also suggest that placemaking improvements such as welcoming entry points and streetscape and commercial design elements could help to draw people to the location and create a unified “district feel”. A possible catalyst that could spur redevelopment might be the attraction of a strong retail anchor. Another consideration is the impact that redevelopment of the nearby Southern Gateway site could have on the surrounding area and an increased demand for retail opportunities and livable spaces in the Southwest Area. • Silver Lake Village. This area represents relatively recent development, but the current vacancy of the Walmart building on the corner of 37th Avenue and Silver Lake Road has been a priority for St. Anthony. The Walmart building and associated parking lot are currently targeted for redevelopment. • Southeast industrial Park. The industrial park area east of Highway 88 hosts a mixture of office and warehousing or light industrial uses. Some of the aging properties may become redevelopment target areas or sites for more modern industrial building as the properties undergo changes or sale. • Northeast Industrial Area. The properties in the northeast industrial park area are located in close proximity to existing medium and high-density residential development. Some of these aging properties may become redevelopment target areas or sites for more modern industrial building as the properties undergo changes or sale.