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HomeMy WebLinkAbout2014-02-22 PACKET 0835Cottage / Grove � Pride and QrOSPerity Meet To: From: Date: Subject: City Council and EDA Danette M. Parr, Economic Development Director February 14, 2014 Existing Conditions As the City Council and Economic Development Authority discuss economic development initiatives, it may be beneficial to have an update on current conditions related to commercial, office, and industrial uses throughout the City. One of the ways we look to establish our economic health as a community is by tracking vacancies. Please find the breakdown of vacancies (by category) listed in the below table: Total Sq. Ft. Total Vacant Sq. Ft. Percentage Vacant Big Box Retail 774,566 95,096 12% GeneralOffice 339,885 1,480 0°/o General Retail 92,038 1,593 2% Multi-tenant Office 163,760 45,831 28% Multi-tenant Retail 319,530 65,106 20% Rest./Entertainment 92,235 34,235 37% Service 160,250 1,000 1 % Industrial 2,431,926 0 0% Total 4,374,190 244,341 g% Some noteworthy points related to the above vacancy breakdowns include the following: • The square footages reflected in the above table do not include all pending development, such as Walmart and G-Will. • The square footages reflect City owned property such as the BEC and the CG Motors site (being held for future redevelopment). • The 34,235 square feet reflected in the Restaurant/Entertainment category makeup the collective square footage of the former Rush/Rodeo and Majestic venues (highest vacancy category at 37%). • We do not have any vacancies within the industrial sector. • As is reflective of our smaller multi-tenant retail and office uses, they continue to experience a slower paced recovery across the US. As the CC and EDA are aware, the downturn of the economy in recent years has created a situation of increased retail and office vacancies in Cottage Grove, which is not surprising. These increased vacancies were experienced by many communities across the United States. We are now seeing renewed interest in the retail and residential sector and have been meeting more frequently with brokers and retailers looking to fill prime sites. Please see the attached map and narrative sheet giving highlights of current development activity. It's anticipated that we'll see some improvement to our vacancy rates by the third quarter of 2014 and into 2015 when we anticipate new businesses joining our marketplace. Enclosed, please find a table that reflects all existing commercial properties. It should also be pointed out that having a community with a zero vacancy rate is not desirable. When there is no vacancy, there is no opportunity for mobility and growth in the marketplace. Typically, 5% is seen as the ideal rate of vacancy for a commercial/business community that is considered healthy. This allows for a balance that limits the inflation of lease rates and the stifling of existing business entities. Our goal is to achieve a vacancy rate in the 5% to 7% range. .i'71t1 (:omit;e .:l �.�_ �`����? 2014 Project Discussion Map •��`.��� 'r' i January 2014 General Development Information 1. SWWD —Clear Channel Project 2. "Walden Woods" - • Meridan Land Company looked at in Sept. 2013. • Pulte Homes working with landowners (Nov. 2013). Pulte proceeding with preparing development plans. 3. Summerhill Crossing • Mil<e Rygh—Senior Housing project. • 3 RFP respondents. • Similar Site Design. 4. Bothe Property — • Lennar Homes. • Concept Plan application received on January 17, 2014 — Planning Commission meeting on February 24, 2014. • 141 acres in Cottage Grove and 20 acres in Woodbury. 203 lots for detached single-family lots (129 lots with 70 ft. widths and 173 lots with 80 ft. widths in Cottage Grove. • Ravine Parl<way transition with 65 Street and easterly alignment. • Sunny Hill Park expansion. • Inwood Avenue between 65 and Military Road? • Vacate portion of 65 Street? 5. Wolterstorff — • 133 unit detached single family residential development proposed (69.3 acres). • Ryland Homes continue to negotiate land price with David Wolterstorff. • Bedrocl< issues. • Pond area required to be dedicated to the City for public parl< purposes. Land dedication will exceed minimum land dedication requirements and therefore some cash payment from the city might be necessary. 6. McHattie Farms • Property for sale. • Proposed low density residential development. • 100 acres. 7. Cayden Glen - • 92 lots for detached single-family development. • Newland in the process of obtaining bid quotes. Grading will begin early Spring 2014. • Newland is working with Lennar Homes, but no contract has yet been signed. January 2014 General Development Information 8. Eastridge Woods Second Addition - • D. R. Horton filed a final plat application to develop their second phase (northwest corner of their development plan). • Possibly 35-36 lots for detached single-family houses. • Council approval February 2014. 9. Eastridge Woods Phase I11 • Phase III of the approved Preliminary Plat. • Possibly 39 lots for detached single-family houses. 10. Eastridge Woods- SWWD • D. R. Horton is interested in acquiring land owned by South Washington Watershed District. • Military Road cityjurisdiction and future roadway abandonment (future trail corridor). • Joliet Avenue R/W dedicated. • Ravine Parkway right-of-way dedication. • Possibly 18 lots for detached single-family houses. 11. Butt Event Center 12. HRA Woodlands 13. Kok Funeral Home • Addition as approved by Council in 2013. • Proposing some of remaining exterior materials to remain. 14. BEC • 18,800 projected leasable. • 7420 SF anticipated under contract by March. 15. Home Depot • Two parties attempting to bring under contract. • HD attempting to resolve REA issues ahead of new Buyer and with EBL&S. 16. Goodwill • Redevelop site for the new construction of a 19,387 square foot one-story retail building with 75 off-street parking spaces. 17. Rappaport • Chipoltle's and Noodles & Company's architects are preparing remodeling plans for bids. • Rappaport has completed their bid packages for remodeling the exterior and site improvements. • Target date for business opening is May 2014. 18. Everwood 4tn January 2014 General Development Information � Mike Rygh - developer • 10 detached single-family houses. • Last phase in subdivision. • Directional boring utilities to Hardwood Avenue. 19. Oak Cove • 12 lot detached single-family houses. • Meridian Land Company. • Preliminary and final plat applications have not yet been received. • Will be reviewed and approved by PC & CC. • City park to be developed - Camel's Hump . 20. G-Will • Preliminary plat creating two commercial lots. • A retail building (off-sale liquor store) under construction (13,000 sq. ft.). • Parcel size is 1.67 acres. 21. Swanland —160 acres • Appraiser preparing appraisal for Swanland's. Appraiser could not recall the buyer's name. • Developer interested in developing property for low density residential lots. • Right-of-way dedication and construction of north one-half of 95 Street. • Hadley Avenue roadway improvements. 22. Zyweic (Future Mississippi Dunes Estates — Single-family Phases) • Meridian Land Company completed the fourth phase of Mississippi Dunes Estates which consisted of 29 lots for detached single-family homes. • Six new houses under construction by Capstone Homes, Inc. • Meridian Land Company unable to make an agreement with Richard Zywiec to continue developing the remaining 44 lots. 23. Mississippi Dunes Habitat • Four unit townhouse constructed in 2013. • Four unittownhouse proposed to be constructed in 2014. 24. Business Park • Market Comparison. • Spec Building Design exists. • 3.5 acre parcel under ownership. • Propose to Greater MSP clients. • Contractor attendance at future meeting anticipated. 25. Jamaica Square • Broker wants to eliminate six parking spaces on west side of building for a drive-up window for a sandwich/coffee shop. Site challenged by parl<ing for food or alcohol on-site sales. January 2014 Genera) Development Information 26. Burger King • Exterior remodel. • Corporate branding shift. • Construction materials meet ordinance criteria. • Parking lot refurbishing. 27. Office Max • Office Depot bought Office Max. • Property for sale; tenant to remain. 28. Taco Bell • Exterior and interior remodeling proposed. Parking lot resurfacing. 29. Target • Parking lot engineering study and reconstruction. 30. CG Auto Property • $100,000 cost estimate for DPS tenancy. • Other short term options under review. 31. Walmart • On schedule March 2014. • Review of lighting plan. 32. HERO Center • WOLD conducting elevations by February. • LOI exists with IHCC. • Anticipate LOI with Regions by February. • Bonding request presented to MN House. • Bonding request scheduled for MN Senate. • Project absent from Governor's recommendation. 33. Lehigh Acres —123 acres/39 estate lots • Tom Evanson- Gonyea Land. • Developer interested in "grading" the site to remove sand (silica?). Haul sand to Woodbury for processing. • Re-plat the 39 lots as originally approved. • Community system for sanitary sewer treatment and maybe water distribution system. • 100 Street and Lehigh Avenue roadway improvements. 34. River Oaks • Outdoor Wedding Venue Landscaping post frost. • Carpeting in February. January 2014 General Development Information • New wedding tables/chairs on order. • New POS system. • Brides Cottage and Storage under review. • WEB upgrades under development. • Health Dept. Bar Upgrades being quoted. 35. Mississippi Dunes Links — Dr. Doebler • Outdoor amphitheater, three high-rise residential structures, campgrounds, public and private roads, and bus parking lots. • Comprehensive Plan amendment — Comprehensive Plan shows the property as a Transitional Planning Area. Master plan for development must be prepared. • Residential use under the Transitional Planning Area is a minimum of 20 acres. • Outside the Urban Service Area. 36. Aggregate Industries • Temporary concrete bridge section production plant. • 100' X 600' temporary pole structure. • New barge loading area. City of Cottage Grove COMMERCIAL PROPERTY INVENTORY November 2013 Business Park Industrial I-2 Business Park Industrial I-2 Business Park Industrial I-5 Business Park Industrial I-5 Business Park Industrial I-1 Business Park Industrial I-2 Business Park Industrial I-2 Business Park Industrial I-2 Business Park Industrial I-1 Business Park Industrial I-5 Business Park Industrial I-5 Business Park Industrial I-5 Business Park Industrial I-1 Business Park Industrial I-3 Business Park Industrial I-2 Business Park Industrial I-1 Business Park Industrial I-2 Business Park Industrial I-2 Business Park Industrial I-2 Business Park Industrial I-5 Business Park Industrial I-2 Business Park Industrial I-5 Cottage View Retail B-2 Cottage View Retail PUD Cedarhurst Retail PUD Parcel Number: 20.027.21.13.0006 Parcel Number: 20.027.21.13.0007 Parcel Number: 20.027.21.13.0005 Parcel Number: 20.027.21.12,0002 Parcel Number: 21,027.21,32.0004 Parcel Number: 20.027,21.44.0002 Parcel Number; 20.027.21.43.0006 Parcel Number: 20.027.21.42.0008 Canadian Pacific Railway (Vacant land) - 95th and Jamaica Parcel Number: 20.027.21.12.0003 Parcel Number: 20.027.21.12.0004 Parcel Number: 20.027.21.12.0005 Parcel Number: 21.027.21.34.0006 Parcel Number: 21.027.21.42.0001 Parcel Number: 20.027.21,14.0003 Parcel Number: 21.027.21.24.0001 Parcel Number: 20.027.21.13.0004 Parcel Number: 20.027.21.12.0007 Parcel Number: 20.027.21.13.0003 Parcel Number: 17,027.21.43.0002 Parcel Number: 20.027.21.43.0003 Parcel Number: 17.027.21.43.0003 9338 E. Pt. Douglas Rd. Shoppes at Cottage View, Hwy 61 and Keats Ave. Shoppes at Almar Village, 7155 Jorgensen Lane S. Gateway North Limited Business B-1 7500 79th Street S. Gateway North Retail B-2 7060 W. Pt. Douglas Rd. Gateway North Retail B-2 Commercial Pad site - 7359 W. Pt. Douglas Rd. Gateway North Retail B-2 Formerly All Seasons Golf - 7552 W. Pt, Douglas Rd. 4.87 5.09 3.60 3.61 25.41 81.50 3.51 31.80 40,00 3.61 3.61 3,49 23.91 33.57 7.57 3.12 7.66 4.17 7.59 16.88 4.17 38.72 99,00 86.30 3.70 0.87 2.80 12.90 Business Park 357.45 Areage available Cottage View 185.30 Acreage available Cedarhurst 3.70 Acreage available Gateway North Limited Business B-1 South Point Ridge, 6961 E. Pt. Douglas Rd. Gateway North Retail B-2 Aspen Grove, 7003 E. Pt. Douglas Rd. Gateway North Retail B-2 HSS Parcel, 7785 Hardwood Ave. Gateway North Retail B-2 Oakwood Commercial, 7785 Hardwood Ave. S. Gateway Norfh Retail B-2 Norris Square, 8200 Hadley Ave. Gateway North Retail B-2 7500 Block of W. Pt. Douglas Rd. Gateway North Retail B-2 Gateway North Pad, 6961 Pt. Douglas Rd. Jamaica PUD Jamaica Residential R-6 Pine Grove, 8900 block of 92nd St. 8100 block of E. Pt. Douglas Rd. West Draw PUD West Point Retail B-2 Douglas West Point Retail B-2 Douglas West Point PB Douglas Summerhill Crossing, NWC of 70th St. & Hinton Ave. 14.77 1.80 1.36 1.66 7.50 14.64 5.76 0.18 3.00 2.83 12.95 25.30 Gateway North 64.06 Acreage available Jamaica Acreage available West Draw Acreage available � : � �� West Point Douglas Acreage 41.08 available City of Cottage Grove COMMERCIAL PROPERTY INVENTORY November2013 4� �, :x � � , , � , , ,r. , ., , � >, „. , �,, , . �, >;, ; � r � r � �. ,�� �, ��.:, W� � � I t, , �„ .; , , ��.r .„ ..., .., i. ., .. , .�. ,:..,.. c , , . . �,-., . }f. . ,.� t � ,.. } i `-�' a � '�� i `:� ,. r.. . . ,. n.,i,..., ,i , ,.. , ,._.,,.. ,...,< .... ........:{..,.,.,..,., r ti:.: I. «..., ..a.. ,I i,.,�k,�..,..,..... ,.,.i.....,...,tsa. .,�. .s !. ... .t ....: ..i � . .. . .., ....{ . .. ..... ...... .t . s_ .,.. ti .. , . ., .. .. .�. t . .�,. ... . i l, .. i.... 4 . ,, _ � . _. ., . .. „� I, ,<. ., .. . .. i . 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E �I,. ,. , . , , , �( . .,�� � � , � , , >�. t ,l .�.� � � . .... , � �t11, � � �t r ., �, .l.., ., ��.. � ,..a... .. < i,.�. � 1 .,� ��1 ...4 � �.i,1v�, vi �a.. t., i tt ir �.,I� aip..t,.,, .�,.,t ��i.�, in4 ,�1u�a9� „i.�ilfl N. �.l�ct,,., n�,(f f � ��i9 f, ixG� E� rt,.. r � � � ,., � �� , ti .,, r � Gatewa North Bi Box Retail 7210 East Point Dou las Road Home De ot 95,096 95,096 100% Gatewa North Bi Box Retail 7282 East Point Dou las Road Rainbow 65,000 0 0% Gatewa North Bi Box Retail 7990 Hardwood Avenue Kohls 96 751 0 0% Sub-total 256,847 95,096 37°/o Gateway North General Office 7663 - 79th Street Park Grove Pet Hospital 4,847 0 0% Gateway North General Office 7729 - 79th Street Orthodontics by Hipple 4,352 0 0% Gateway North General Office 7350 - 80th Street Coldwell Burnet Realty 0 0 Gateway North General Office 7350 - 80th Street Goodwill / Coldwell Burnet Real 19,387 0 0% Gateway North General Office 7676 - 80th Street KOK Funeral Home 5,460 0 0% Gateway North General Office 7702 - 80th Street CG Chiropractic 2,500 0 0% Gateway North General Office 7450 East Point Douglas Road Germo Insurance 1,152 0 0% Gateway North General Office 7155 East Point Douglas Road TCF Bank 4,500 0 0% Gateway North General Office 7200 East Point Douglas Road Merchant's Bank 6,372 0 0% Gateway North General Office 7362 East Point Douglas Road S District Service Center 54,968 0 0% Gateway North General Office 8063 Hadley Avenue Dental 2,960 1,480 50% Gateway North General Office 7606 - 80th Street Qwest 8,602 0 0% Sub-total 115,100 1,480 1 % Gateway North General Retail 7135 East Point Douglas Road Walgreens 15,120 0 0% Gateway North General Retail 7180 East Point Douglas Road Permits Pending 6,656 1,593 24% Gateway North General Retail 7430 East Point Douglas Road Sherwin Williams 3,200 0 0% Sub-total 24,976 1,593 6% Gateway North Multi-tenant Office 7791 - 79th Street Oral Surgery Center 6,016 2,102 35% Gateway North Multi-tenant Office 7200 - 80th Street US Bank 6,085 0 0% Gateway North Multi-tenant Office 7420 - 7430 - 80th Street Oak Park Commons 14,500 2,240 15% Gateway North Multi-tenant Office 7449 - 80th Street Professional Associates 1,642 300 18% Gateway North Multi-tenant Office 7460 - 80th Street Avalon Building 7,650 0 0% Gateway North Multi-tenant Office 7500 - 80th Street HealthPartners Clinic 5,133 0 0% Gateway North Multi-tenant Office 7501 - 80th Street Professional Center 14,248 1,000 7% Gateway North Multi-tenant Office 7516 - 80th Street BEC 18,790 13,540 72°/o Gateway North Multi-tenant Office 7584 - 80th Street Lindquist Building 8,700 2,800 32% Sub-total 82,764 21,982 27% Gateway North Multi-tenant Retail 7155 - 80th Street 80th St. Village Green 15,654 4,627 30% Gateway North Multi-tenant Retail 7420 - 7430 - 80th Street Oak Park Commons 14,500 0 0% Gateway North Multi-tenant Retail 7500 - 80th Street CG Medical Dental 5,133 0 0% Gateway North Multi-tenant Retail 7145 East Point Douglas Road Gateway Center 12,730 1,527 12% Gateway North Multi-tenant Retail 7190 East Point Douglas Road Starbucks/Red Nails 2,900 0 0% Gateway North Multi-tenant Retail 7282 East Point Douglas Road Grove Plaza - Bingo Hall 43,000 19,000 44% Gateway North Multi-tenant Retail 7424 East Point Douglas Road Optical 2,240 0 0% Gateway North Multi-tenant Retail 8118 Hadley Avenue 80th Street Crossing 51,109 10,161 20% Gateway North Multi-tenant Retail 7750 Harkness Avenue Shoppes at Gateway 16,898 1,320 8% Sub-total 164,164 36,635 22% Gateway North Restaurant/Entertainmen 7175 - 80th Street Dairy Queen 700 0 0% Gateway North Restaurant/Entertainmen 7165 East Point Douglas Road Perkins Restaurant 5,632 0 0% Gateway North Restaurant/Entertainmen 7185 East Point Douglas Road Arby's Restaurant 2,524 0 0% Gateway North Restaurant/Entertainmen 7355 East Point Douglas Road McDonalds 6,140 0 0% Gateway North Restaurant/Entertainmen 7350 Hardwood Court Ruby Tuesdays 5,800 0 0% Gateway North Restaurant/Entertainmen 7998 Hardwood Avenue Culver's 4,278 0 0% Sub-total 25,074 0 0% Gateway North Service 7125 - 80th Street Wakota Inn 13,584 0 0% Gateway North Service 7201 - 80th Street Valvoline Rapid Oil 1,432 0 0% Gateway North Service 7071 East Point Douglas Road Tutor Time 11,800 0 0% Gateway North Service 7162 East Point Douglas Road Super America 3,723 0 0% Gateway North Service 7199 East Point Douglas Road Tires Plus 7,197 0 0% Gateway North Service 7375 East Point Douglas Road Muffler poctor 3,150 0 0% Gateway North Service 7470 East Point Douglas Road Transmission Service, Inc. 2,850 0 0% Gateway North Service 7510 East Point Douglas Road Sunbelt Auto Sales 5,080 0 0% Gateway North Service 8101 Hadley Avenue Holiday Gas 4,993 0 0% Gateway North Service 8118 Hadley Avenue Hanson's Auto Care 4,746 0 0% Sub-total 58,555 0 0% Total 727,480 156,786 22% Jamaica Big Box Retail 8655 East Point Douglas Road Target 114,300 0 0% Jamaica Big Box Retail 9338 East Point Douglas Wal-Mart 177,709 0 0% Jamaica Big Box Retail 8690 East Point Douglas Road Cub Foods & TCF Bank 64,570 0 0% Jamaica Big Box Retail 9000 East Point Douglas Road Menards 161,140 0 0% C:\Documents and Settings\nbeiscamper\Local Settings\Temporary Internet Files\Content.0utlolok\7M17XZQ6\Cottage Grove All Vacancies and Land_Jan2014 Updated on: 2/14/2014 City of Cottage Grove C OMMERCIAL PROPERTY INVENTORY November2013 , ,, , ,; ,, ., . �.. , ., , ,. . r ��,.. ,. ,r , � ., . ,.. ,. . � � � , �, , . , ... ,..: . ..4.. ._ �i i�i' t t .. ... t G i. 4 .11:.. 1 i 1 „ 4 ., . .,. .t. . , ..?.�. . t�,. . . . .. ...i � ..;, . i...�. t . t .., I��. ,_i, .,. {x. 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I i.. .. � ,. �.. ..,... ,i .,... ...,, i .... i... r i .., < ... .,.,.. . �... .. , . , ...1 ...,... , . .�! ..,.... ..,. . ,.� .. , i ,.. . . , < . ,... ,.. u... !i ,,.�,. , . .., . , ,�q. ,,....,. i t...�.. . . ,., ...i,.. i.l,....... iI ,.� r t ( . � _ i�i ,�..i ,...i. ! 1I.. c. ...... �s ..�..,,.. i��.....,. ,,.,.m...,,.,,,� .,�.-�..,, r�a.. i � �r i �..F i i n( . ,�,r ( I ., i�� ^F . �, � i ( i i � , � , ��.I i ., � , � t„a i. �� I i ,uJ. � �� , , _,., r , . i An .t � i i .r �o,�f I �t , .,, , 1 � � � i ,„ � €, � r >> ,, , a a ��, � Ilri W u,� �, i� i� _�. �i I.�w ( aui�i ,� �:nu�O�)Ih I.�i, i I Iln��i i 7( I,{����,�i� EI�S �,i � ti�i IE i' sl. t� :.� Sub-total 517,719 0 0% Jamaica General Office 8136 East Point Douglas Road CG Animal Hospital 2,784 0 0% Jamaica General Office 8451 East Point Douglas Road Physicians Neck & Back 9,800 0 0% Jamaica General Office 8770 East Point Douglas Road Wells Fargo Bank 8,250 0 0% Jamaica General Office 8400 East Point Douglas Road S District Program Center 52,000 0 0% Jamaica General Office 13000 Ravine Parkway County South Service Center 40,345 0 0% Jamaica General Office 12800 Ravine Parkway CG City Hall 67,000 0 0% Sub-total 180,179 0 0% Jamaica General Retail 8401 East Point Douglas Road 0'Reilly's Auto Parts 6,000 0 0% Jamaica General Retail 8460 East Point Douglas Road Auto Zone 4,896 0 0% Jamaica General Retail 8617 East Point Douglas Road Top Ten Liquor 7,000 0 0% Jamaica General Retail 8621 East Point Douglas Road Payless Shoe Source 3,060 0 0% Jamaica General Retail 9010 Jamaica Avenue Office Max 19,720 0 0% Sub-total 40,676 0 0°/o Jamaica Multi-tenant Office 8750 - 90th Street Goodhue Adams 6,384 0 0% Jamaica Multi-tenant Office 8811 - 92nd Street Pinegrove Office 8,010 0 0°/o Sub-total 14,394 0 0%0 Jamaica Multi-tenant Retail 8455 East Point Douglas Road Subway & Selvig Jewelry 3,480 0 0% Jamaica Multi-tenant Retail 8647 East Point Douglas Road Midas Muffler 5,670 0 0% Jamaica Multi-tenant Retail 8649 East Point Douglas Road Mixed Uses 3,960 3,960 100% Jamaica Multi-tenant Retail 8700 East Point Douglas Road Warehouse/Showroom 15,027 0 0% Jamaica Multi-tenant Retail 8711 East Point Douglas Road CG Plaza 28,941 0 0% Jamaica Multi-tenant Retail 8475 East Point Douglas Road Jamaica Square Edina Realty 13,983 5,100 36% Jamaica Multi-tenant Retail 8800 East Point Douglas Road Pine Grove Marketplace 9,691 1,165 12% Jamaica Multi-tenant Retail 9030 - 9040 Inwood Avenue Shamrock/Von Hanson 9,460 0 0% Sub-total 90,212 10,225 11 % Jamaica Restaurant/Entertainmen 8380 East Point Douglas Road Applebees 4,977 0 0% Jamaica Restaurant/Entertainmen 8479 East Point Douglas Road Famous Dave's 2,970 0 0% Jamaica Restaurant/Entertainmen 8481 East Point Douglas Road Burger King 3,530 0 0% Jamaica Restaurant/Entertainmen 8623 East Point Douglas Road Taco Bell 1,974 0 0% Jamaica Restaurant/Entertainmen 8800 East Point Douglas Road Permit Pending 1,900 0 0% Jamaica Restaurant/Entertainmen 9260 East Point Douglas Road VFW 9,400 0 0% Jamaica Restaurant/Entertainmen 8639 East Point Douglas Road Wendy's 2,755 0 0% Sub-total 27,506 0 0% Jamaica Service 8350 East Point Douglas Road Country Inn & Suites 45,288 0 0% Jamaica Service 8420 East Point Douglas Road Mister Car Wash 10,700 0 0% Jamaica Service 8453 East Point Douglas Road Kindercare 6,195 0 0% Jamaica Service 8470 East Point Douglas Road Tumble Fresh 3,608 0 0% Jamaica Service 8490 East Point Douglas Road BP 5,562 0 0% Jamaica Service 8610 East Point Douglas Road Holiday 3,990 0 0% Jamaica Service 8799 East Point Douglas Road Carlson Auto of CG 4,880 0 0% Sub-total 80,223 0 0% Total 950,909 10,225 1 % C:\Documents and Settings\nbelscamper\Local Settings\Temporary Internet Files\Content.0utl�k\7M17XZQ6\Cottage Grove All Vacancies and Land_Jan2014 Updated on: 2/14/2014 City of Cottage Grove C OMMERCIAL PROPERTY INVENTORY November 2013 , �,�:. , � ,, �. � , ,,� � � �« a , , . , >> �.�� �� � ,: , ;; �,> »„ � , : � � .,_ : � � �,. , � � , � :, � , . ., � .,_� � , . , � , � .,: ,.� , � , ,., , . , ,,:�: , � � . ,. � , , , � .. , � �� � ,: �, � �,t �,�.. ��, , t f �� .._..1 . .I .. .� ....r. . ,.. i ..J . . ., . ,. � ,... . f , . , .t.. � '. a7 .L . t f ,� .. .. 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Point Douglas Multi-tenant Office 8619 West Point Douglas Road Pointe West Business Centre 15,450 3,850 25% Sub-total 27,540 11,484 42% W. Point Douglas Multi-tenant Retail 8601 West Point Douglas Road Gary Blair 13,220 0 0% W. Point Douglas Multi-tenant Retail 8617 West Point Douglas Road Pointe West Business Centre / 23,150 15,140 65% Sub-total 36,370 15,140 42% W. Point Douglas Restaurant/Entertainmen 7359 West Point Douglas Road Rush Nightclub 25,400 25,400 100% W. Point Douglas Restaurant/Entertainmen 9165 West Point Douglas Road Majestic Ballroom 8,835 8,835 100% Sub-total 34,235 34,235 100% W. Point Douglas Service 8607 West Point Douglas Road Hound Around 3,250 0 0°/o W. Point Douglas Service 8811 West Point Douglas Road Cottage Grove Motors 1,000 1,000 100% Sub-total 4,250 1,000 Total 147,001 61,859 42% C:\Documents and Settings\nbelscamper\Locai Settings\Temporary Internet Files\Content.Outic�okVM17XZQ6\Cottage Grove All Vacancies and Land_Jan2014 Updated on: 2/14/2014 City of Cottage Grove COMMERCIAL PROPERTY INVENTORY November 2013 . s , .. s :.r . , . ,.. , . , �., ,. , ,,... , ,� , . � ._ . � . : , , , } , , � � � r _. � . . � , r , , � . �_ . �,n , , s. > , .� . 3 , � � , < � _ . � �f,, , :r a = � ,, , << , . � �. � . . . � ,� � . y: k � i , „ ,� _ . , �, � ,, �.. t � .. .. f � s r , � � , , . � �r �,:A.. , c � . . ., . . .. ..a . ,... . , � .. . . i. .., , �.I.l, , ... I ., } i ,.,....,... ,...1 , .,.,. . :,, � .�..,. t ..,.. .,... ._ . ...�. 'i ..,�.. ..A i ..i a,.. . , . . . ,.� . .1.,. 1 . s .: .I . .. . ,,, t �i , �, i 1 � s I t.l , Y e I f. a . 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I,�. } .. ,. l il. ,f,. .1.�,.� „d;:,r� � h ( ,... , +,, i . � �„ ,�., .,�„. , , ri .�r� , 5 i ..., � i .t , , . m .�� .i r ... , .�., , i ..n�. t , n „�.,�, . � � ., . , . < ,w . � i . .... i . } t. � i�i t -r� �, f7� ai 4'S �,�.. �4 t't7S'�.. � kt,14 iilit .,i{ �f�.'i �! „��n�7'>�Y �iil, �e� .I� ,f ! �i ���,� ' , , . " „ v • �,. , ,-n� � , , � ., . . . , ., . . . . , �:1 I I OId CG General Retail 11180 - 70th Street Whispering Gardens 1,860 0 0% Old CG Restaurant/Entertainmen 7402 LamarAvenue Boondocks Tavern 1,670 0 0% Old CG Service 7473 Lamar Avenue Gerlach's Service Center 9,050 0 0% Total 12,580 0 0% � SE Center General Retail 11730 Point Douglas Drive Erickson Marine 7,540 0 0% SE Center General Retail 11721 Point Douglas Drive 61 Marine 7,836 0 0% SE Center General Retail 11827 Point Douglas Drive Gerlach's Outdoor Pwr. Equip. 7,000 0 0% SE Center General Retail 11825 Point Douglas Drive DuBois Design & Remodel 2,150 0 0% Total 24,526 0 0% East Ravine Restaurant/Entertainmen 7009 Jorgensen Lane Bonngards 3,750 0 0% East Ravine Service 7033 Jorgensen Lane Kath Oil 4,150 0 0% East Ravine Multi-tenant Retail 7155 Jorgensen Lane Almar Village 18,600 3,106 17% Total 26,500 3,106 12% � 70th & Hinton Multi-tenant Office 6936 Pine Arbor Drive Summerhill Professional 39,062 12,365 32% 70th & Hinton Multi-tenant Retail 6939 Pine Arbor Drive Rygh Commercial 10,184 0 0% 70th & Hinton Service 6921 Pine Arbor Drive Holiday Gas 4,022 0 0% Total 53,268 12,365 23% Tota� Sq. Ft. Total Vacant Sq. Ft. Pecentage Vacant Big Box Retail 774,566 95,096 12% General Office 339, 885 1,480 0% General Retail 92,038 1,593 2% Multi-tenant Office 163,760 45,831 28% Multi-tenant Retail 319,530 65,106 20% Rest./Entertainmer 92,235 34,235 37% Service 160,250 1,000 1 % Industrial 2,431,926 0 0% Total 4,374,190 244,341 6% C:\Documents and Settings\nbelscamper\Locai Settings\Temporary Internet Files\Content.0utl6bk\7M17XZQ6\Cottage Grove All Vacancies and Land_Jan2014 Updated on: 2/14/2014