4. OPPORTUNITY
Reason for Redesign
1. Proposed Trolley Line on Nicollet
current situation complicates line
2. New competition for Kmart
smaller format retail coming soon
3. Growing demand for land
unrealized opportunity for revenue
21. PHASE II
LAND / SERVICE SWAP
Land requested
for right-of-way
22. Public
Transportation
Fraction of space
required for public
transportation
Land previously
dedicated for car park
available for
revinue generation
PHASE II
LAND / SERVICE SWAP
Revinue generation
26. Public
Transportation
PHASE II
Transit allows for
greater effeciency
of land use and
higher density
development
LAND / SERVICE SWAP
Revinue Generation
$
Revinue Generation
$Public
Transportation
PHASE II
Transit allows for
greater effeciency
of land use and
higher density
development
LAND / SERVICE SWAP
Revinue Generation
$
Revinue Generation
$
Revinue Generation
$
27. PHASE II
LAND / SERVICE SWAP
Dedicated
right-of-way increases
access to transit and
profitability of parcel
28. PHASE II
LAND / SERVICE SWAP
Sole area of
revenue generation:
Kmart store
90,000 square feet
90k
29. 90k
PHASE II
LAND / SERVICE SWAP
25k
30k 28k
48k 15k
32k
Current: 90,000 sqft
Proposed: 178,000 sqft
per story
30. PHASE II
LAND / SERVICE SWAP
25k
30k 28k
48k 15k
32k
50k
60k 56k
96k 30k
64k 90k
Current: 90,000 sqft
Proposed: 356,000 sqft
two story
31. PHASE II
LAND / SERVICE SWAP
25k
30k 28k
48k 15k
32k
50k
60k 56k
96k 30k
64k
75k
90k 84k
144k 45k
96k
90k
Current: 90,000 sqft
Proposed: 534,000 sqft
three story