Urban Retail the organic evolution of our city neighborhoods

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Shannon Harrison
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1 Urban Retail the organic evolution of our city neighborhoods

Bounded by Highway 62 to the South, Highway 100 to the West and 35W to

Convergence of two Minneapolis neighborhoods, Fulton and Linden Hills

France Avenue is the North-South artery connecting the neighborhoods.

4 Highly affluent and educated. Arguably the most desirable family housing in the City of Minneapolis. Bounded by Highway 62 to the South, Highway 100 to the West and 35W to the East. Convergence of two Minneapolis neighborhoods, Fulton and Linden Hills and two Edina neighborhoods, Morningside and 50th & France. France Avenue is the North-South artery connecting the neighborhoods. 50 th Street is the East West artery connecting the neighborhoods. Commercial areas bisect the cities of Edina and Southwest Minneapolis. Unique and one of a kind community retail and services.

5 Summary Demographics 2010 Actual (U.S. Census Bureau) One Mile Three Mile Five Mile Population 16, , ,558 Average Household Income $117,457 $97,160 $82,148 Daytime Population 4,596 75, ,889 Education 49% received bachelor degree (national average 17%) 18% received masters or doctorate degrees (national average 10%)

6 Lake Harriet Lake Calhoun Lake of the Isles Minnehaha Creek In the end it all comes down to water!

7 Starting in 1892, the "Lake Harriet" line traveled from the Lake Harriet loop (Southwest Minneapolis) to the High Street loop (Downtown Minneapolis) via Hennepin Avenue. Nearly 50 buses per stop per day in non hub locations. Traffic Counts (vehicles per day) France and 50 th 29,000 France and 44 th 25, th & Penn 20, th & Xerxes 21,000 Over 5 million visitors use the chain of lakes annually.

8 Neighborhood Commercial Summary Anchor grocery stores: Linden Hills Coop, Lund s Grocery. Secondary anchors: Walgreens Pharmacy, Settergren Hardware, Bayer s Hardware, France 44 Liquors, Edina Liquors, Edina Post Office, Linden Hills Library. Independent coffee shops and bakery stores: Coffee and Tea Ltd., Franklin Street Bakery, Turtle Bread Company. Independent food goods: Clancy s Meats, Sebastian Joe s ice cream, The Cheese Market, Sweet Retreat Cupcakes. One of a kind restaurants: Rice Paper, Tilia, The Malt Shop, Café 28, Broder s, Convention Grill, Zumbro Café. Unique gift stores: Bibelot, Twiggs, Gallery 360, Russell and Hazel, Creative Kidstuff, Patina. Industry Summary: Low retail vacancy with high demand for vacant spaces, moderate turnaround of independent businesses, high barriers to entry, lack of development sites, lowrise to midrise properties, expensive housing and high retail rents, little hospitality (lodging) and lack of major medical, large office spaces harder to lease.

9 50 th & France

Most affluent neighborhood commercial district in Minneapolis.

National apparel anchors include Anthropologie, Chico s, Talbots, and Title Nine.

Largest amount of free parking of any neighborhood commercial area. (1,500 parking stalls!

10 Most affluent neighborhood commercial district in Minneapolis. Staple anchors include Lund s Grocery, Landmark Cinema and Walgreens. National apparel anchors include Anthropologie, Chico s, Talbots, and Title Nine. Restaurant anchors include Parasole chains - Salut and Mozza Mia, Barrio, D amico and Sons, Edina Grill. Largest amount of free parking of any neighborhood commercial area. (1,500 parking stalls!!!!) Interconnecting passageways that create a unique browsing/strolling experience. Major retail anchor, Lund s, is also the largest property owner in the area. Interesting fact that 50 th & France is the epicenter of high end bridal wear in the Twin Cities.

12 Linden Hills / 44th & France

Linden Hills is a fairy tale commercial district in Minneapolis (44 th &

Children s bookstore, children s toy store, butcher, bakery, hardware

It was the first locations for Caribou Coffee and Famous Dave s in the

13 Linden Hills is a fairy tale commercial district in Minneapolis (44 th & France is included in this market). Children s bookstore, children s toy store, butcher, bakery, hardware store, grocery store, ice cream store, coffee shop, historic trolley car line, Lake Harriet bandshell. Linden Hills has few corporate national retailers. It was the first locations for Caribou Coffee and Famous Dave s in the country. Staple anchors include Linden Hills Grocery and France 44 Wine and Spirits. Restaurants include Zumbro Cafe, Convention Grill, Café 28, Tosca, Naviya Thai, and Tilia.

15 50th & Xerxes

17 50th & Penn

19 New Retailers 50 th & France Rice Paper Asian Fusion Tilia Oska Alix in Candyland No. 3 Heinrich & Shultz Verizon 50 th Street Café Raku Sushi Title Nine Mazza Mia Barrio Bella Salon Athleta Drama Linden Hills / 44 th & France Naviya Thai Franklin Street Bakery Settergren Hardware Major Business News 50th & France Bancroft Site under contract with Waters Senior Living Jardin Magico spanish immersion under construction Blockbuster Closure Linden Hills / 44th & France Proposed development of Famous Dave s site Available Space 50th & France Retail Space Bead Monkey Arbor Commercial Ann Taylor Loft Swervo Development Blockbuster - Northmarq Office space Pinehurst Development

21 50th & France

22 Linden Hills / 44th & France

CENTER SOUTHERN MARYLAND S PREMIER TOWN CENTER

THE SH PS AT WALD RF CENTER SOUTHERN MARYLAND S PREMIER TOWN CENTER MARKET OVERVIEW Waldorf is in the midst of upscale residential suburbs serving Washington DC and the surrounding counties. The local