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minnesota.uli.org 12 <br />Conclusion <br />The Gateway South District sits at an important entry point into St. Anthony and has the potential to become a <br />marquee destination for residents and visitors alike. The ULI Minnesota TAP participants were impressed with <br />its convenient location and desirable attributes for both retail and residential uses. They also especially <br />appreciate the progressive, proactive approach the City takes towards its development future. <br />With all the potential that exists at Gateway South, the panel also believes most significant redevelopment is <br />still probably several years away. The existing St. Anthony Shopping Center appears relatively stable, and <br />underlying land values are growing. These are generally favorable attributes, but they also drive up the cost of <br />redevelopment. For these reasons, the panel believes there is value in a patient approach that allows the area <br />to evolve in response to market forces. <br />Even if much of the site seems underutilized today, the best actions St. Anthony Village can do right now is <br />develop a vision for what it could be in the future and make some strategic investments in placemaking to help <br />catalyze a transformation. Improving the public realm, encouraging better connectivity to adjacent <br />neighborhoods, developing housing on city-owned land, and finding a marketable identity for Gateway South <br />will signal to developers that this is a place where they should invest. The panel is bullish on St. Anthony’s <br />future in general and hopes that this Technical Assistance Panel helps the City realize the full potential of the <br />Gateway South District. <br /> <br />“The biggest opportunity is to create a vision and a sense of place for the area." <br />Sarah White, Artspace