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by Stephanie Cadmus, Mod & Company (mod&co) Feature MSCA Connection November 09 msca-online.com Minnesota Shopping Center Association Vol 23. No 11 Connection Windsor Plaza 1 University of Minnesota’s TCF Stadium Location: Flying Cloud Drive and Singletree Lane across from Eden Prairie Mall Month/Year Opened: Spring 2009 Owner: Solomon Real Estate Group Leasing Agent: Jesseka Doherty, Park Midwest Commercial Real Estate Architect: Cluts O’Brien Strother Architects Engineer: Westwood Professional Services Construction Contractor: Amcon Construction GLA: 20,000 sf of Retail and 105,000 sf of Class A Office Space Current Occupancy: 92% leased Anchor Tenants: Kona Grill, Aurora Jeweler’s, Massage Envy, Jason’s Deli, Hot Mama, Virtual Radiologic Market Area Served: Eden Prairie and surrounding cities Construction Style: Steel, Precast Concrete and Brick Additional Facts/Narrative: Windsor Plaza is an exciting new mixed-use development vertically integrating both retail and Class A office space in a five-story building. Parking is provided at street level and in the below-ground ramp. November 2009 In this Issue Windsor Plaza --------- SNAPSHOT 1 Teen Retail ---- HOT SPOTS / COLD SNAPS 3 Retail Report ------ COMMITTEE CHAT 4 Dobbles/Zobel ---- MEMBER PROFILES 5 West End ----------- PROGRAM RECAP 6 Jon Charles ---------- RISING STAR 7 T he University of Minnesota’s new TCF Stadium, aka “the Bank,” opened September 12, 2009, with a 20-13 victory for the Golden Gopher football team over Air Force in the first football game on campus in 27 years. Located on the northeast side of the Minneapolis campus near the site of the former Memorial Stadium, TCF Stadium is situated just east of Dinkytown and adjacent to Stadium Village. The Bank’s open-air horseshoe design has a capacity of just over 50,000 which includes general seating and an impressive offering of premium seating including 39 suites, 59 lodge boxes and 200 indoor club seats. Seating can be expanded to 80,000 seats should it be necessary. One potential need would be for the Minnesota Vikings NFL football team. If the Vikings indeed proceed with their own new stadium, they could play at the Bank during construction. The U of M’s stadium was awarded LEED Silver Certification, the first college or professional football stadium to achieve LEED certification. The stadium is part of a 75-acre expansion of the Twin Cities campus – the largest expansion since the 1960’s when the West Bank was built. Current plans for the area call for the construction of as many as 10 new academic buildings by 2015. Snapshot

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Page 1: Stephanie Cadmus, Mod & Company (mod&co) University of ... · StarTribune, Aeropostale’s September same-store sales increased 19% over the previous year, Old Navy’s increased

by Stephanie Cadmus, Mod & Company (mod&co)Feature

MSCA Connection November 09msca-online.com

Minnesota Shopping Center AssociationVol 23. No 11

Connection

Windsor Plaza

1

University of Minnesota’s TCF Stadium

Location: Flying Cloud Drive and Singletree Lane across fromEden Prairie Mall Month/Year Opened: Spring 2009Owner: Solomon Real Estate GroupLeasing Agent: Jesseka Doherty, Park Midwest Commercial RealEstateArchitect: Cluts O’Brien Strother ArchitectsEngineer: Westwood Professional ServicesConstruction Contractor: Amcon ConstructionGLA: 20,000 sf of Retail and 105,000 sf of Class A Office SpaceCurrent Occupancy: 92% leased Anchor Tenants: Kona Grill, Aurora Jeweler’s, Massage Envy,Jason’s Deli, Hot Mama, Virtual RadiologicMarket Area Served: Eden Prairie and surrounding citiesConstruction Style: Steel, Precast Concrete and BrickAdditional Facts/Narrative: Windsor Plaza is an exciting newmixed-use development vertically integrating both retail andClass A office space in a five-story building. Parking is provided atstreet level and in the below-ground ramp.

November 2009

In this Issue

Windsor Plaza --------- SNAPSHOT 1Teen Retail ---- HOT SPOTS / COLD SNAPS 3Retail Report ------ COMMITTEE CHAT 4Dobbles/Zobel ---- MEMBER PROFILES 5West End ----------- PROGRAM RECAP 6Jon Charles ---------- RISING STAR 7

The University of Minnesota’s new TCF Stadium, aka “theBank,” opened September 12, 2009, with a 20-13 victoryfor the Golden Gopher football team over Air Force in

the first football game on campus in 27 years. Located onthe northeast side of the Minneapolis campus near the siteof the former Memorial Stadium, TCF Stadium is situated justeast of Dinkytown and adjacent to Stadium Village.

The Bank’s open-air horseshoe design has a capacity of justover 50,000 which includes general seating and animpressive offering of premium seating including 39 suites, 59lodge boxes and 200 indoor club seats. Seating can beexpanded to 80,000 seats should it be necessary. Onepotential need would be for the Minnesota Vikings NFLfootball team. If the Vikings indeed proceed with their ownnew stadium, they could play at the Bank duringconstruction.

The U of M’s stadium was awarded LEED Silver Certification,the first college or professional football stadium to achieveLEED certification. The stadium is part of a 75-acre expansion

of the Twin Cities campus – the largest expansion since the1960’s when the West Bank was built. Current plans for thearea call for the construction of as many as 10 newacademic buildings by 2015.

Snapshot

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2009 Sponsors

ACI Asphalt Contracts, Inc.American Engineering Testing, Inc.Aspen Waste Systems, Inc.Bremer Bank, N.A.Brookfield PropertiesCB Richard EllisCSM Corporation Chesapeake Companies Chuck & Don’s Pet Food OutletClassic Asphalt Sealcoating Co., Inc.Coldwell Banker Commercial

Griffin CompaniesCuningham Group Architecture, P.A.Cushman & Wakefield of

Minnesota, Inc.Dick’s Sanitation, Inc.Dougherty Funding LLCEmmes Realty Services LLCExeter Realty CompanyFaegre & Benson LLPFendler Patterson Construction, Inc.Fredrikson & Byron, P.A.Gray Plant MootyGreat Clips, Inc.H.J. Development, Inc.Inland Real Estate CorporationJE Dunn ConstructionJones Lang LaSalle/Rosedale CenterKKE Architects, Inc.Kraus-Anderson CompaniesLarkin Hoffman Daly & Lindgren Ltd.The Lawn Ranger, Inc.Leonard, Street and DeinardM & I BankMcCombs Frank Roos AssociatesMesserli & Kramer P.A.Mid-America Real Estate –

Minnesota LLCMidwest Maintenance &

Mechanical, Inc.Minneapolis/St. Paul Business JournalMinnesota Real Estate JournalNAI WelshNorthMarqOlsson AssociatesOppidan, Inc.Opus Northwest LLCPark Midwest Commercial Real

EstatePaster EnterprisesRJ Marco Construction Inc.RLK IncorporatedRSM McGladrey, Inc.Reliable Property ServicesReliance Development Company,

LLPRobert Muir CompanyRobins, Kaplan, Miller & Ciresi, L.L.PRyan Companies US, Inc.Solomon Real Estate Group Inc.Stewart Title Guaranty CompanySunde Land Surveying, LLCTCF Bank Target CorporationU.S. BankUnited PropertiesVenture Mortgage CorporationWells Fargo Bank, N.A.Westwood Professional Services, Inc.Winthrop & Weinstine, P.A.

MSCA Connection November 09 msca-online.com

Total costs for the construction of TCF BankStadium were $288.5 million, including sitepreparation and infrastructureimprovements. The University funded 52percent of the cost with non-state dollarsfrom a variety of sources including parkingrevenues, student fees, athletic departmentfunds and private funds, including the $35million, 25-year corporate sponsorship byTCF Bank. The remaining 48 percent or$137.2 million will be funded by the state.

The newfound energy for the campus ispalpable and the excitement has beenwell planned. Committed to workingthrough the ramifications of the newstadium with community stakeholders—people who live and work in thesurrounding area—the University createdthe Stadium Area Advisory Group (SAAG)and invited adjacent neighborhoods,business associations, municipalities, andgovernment entities to appoint tworepresentatives to participate in regularmeetings.

Nancy Rose Pribyl with Dinnaken Propertiesand President of the Stadium VillageCommercial Association and member ofSAAG shared that the pre-planning of whatgame day would look like was a majorfocus for the University. The major issues ofSAAG: traffic, trash and tailgating. Pribylsaid “[We’re] not seeing any problemsbecause of the new stadium; nothing newor dramatic.”

Of course the most dramatic change ongame days is the traffic. The University isencouraging alternative modes oftransportation to get to the new stadium.“Additional biking parking has been addedas well as carpool parking,” said Pribyl,“and there’s more buses going through thebusiness district too.”

Fellow SAAG committee member SkottJohnson, President of the Dinkytown BusinessAssociation and owner of AutographicsPrinting echoed that traffic has been thebiggest change, but he feels it’s due to fansgetting used to the area and Alumni gettingreintroduced and finding their way aroundcampus once again.

Increased numbers of alumni coming tocampus and increased traffic ultimatelymean increased business for surroundingshops and restaurants. They, too, arepleased with what the Bank has meant forbusiness. The Big 10 Restaurant and Bar at606 Washington Avenue SE in StadiumVillage now opens for breakfast on earlygame days (otherwise, they are open from11am to 1am). Raymond Graves, manager

at the Big 10 indicated about triple thebusiness on a game day versus a non-game day. He also added that theWisconsin game on October 3 was thebusiest game day thus far. “It was footballthe whole day.”

Panino’s at Stadium Village Plaza (the northend of the property is within one block ofthe new stadium) has been packed ongame days, “shoulder to shoulder for twohours before and after the games,” saidmanager Elliot Hawkinson. Panino’s is alsoone of the local businesses with aconcession stand at the stadium. Thestadium location “gives us the opportunityto get our food exposure at the games,which we hope will translate into a store visitafter the game or the next time they’re oncampus.”

The Bank will provide the University withseveral other uses during the off-season.The new stadium replaced NorthropAuditorium as the home of the University ofMinnesota Marching Band, providing theband with new storage, rehearsal, andlocker facilities. Minnesota’s Club RugbyTeam will also play a 2009 League gameversus the University of Wisconsin at thenew stadium. The University also expects touse the stadium for intramural sports,career fairs, graduation ceremonies andseveral non-university uses, such as therecent Mpls/St. Paul Magazine JuniorLeague Wine Tasting event.

Although the biggest impact of the newstadium has only been on game days,everyone spoke of the added exposuretheir businesses are now receiving withfootball back on campus. Pribyl spoke ofthe hope that the added exposure and thereintroduction of campus to Alumni willhopefully translate to people coming backon non-game days.

With the thought of making the right “first”impression, the Stadium Village CommercialAssociation took steps to beautify theirdistrict. They have brought planters to thesidewalks as well as created new light poleflags that not only speak to football, butalso to the other sports played at this cornerof the University: basketball and gymnasticsat Williams Arena; hockey at MariucciArena; and swimming and diving at theAquatics Center.

All of these sports are important to theUniversity and certainly bring fans to thearea. With the new spirit the footballstadium has brought, there is hope that fansof the other U of M sports might make moreof a day of it when they come to campus.

TCF Stadium - continued

2

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MSCA Connection November 093

msca-online.com

Teen Retail—A Recent

Bright Spot

by Peter Berrie, Faegre & Benson LLPHot Spots / Cold Snaps

As recently reported in the StarTribune, same-store sales inSeptember rose for the first time since

July 2008 according to the ICSC. Eventhough the increase was only 0.1%, theICSC’s chief economist, Michael Niemira,noted that it “marked a significant turningpoint for the industry, as well as the start ofa retail recovery.” The leaders of this smallresurgence seem to be teen retailers, whomay have received a boost from back-to-school shopping. According to theStarTribune, Aeropostale’s Septembersame-store sales increased 19% over theprevious year, Old Navy’s increased 13%,Buckle Inc.’s 5.1% and Limited Brands 1%.1

Piper Jaffray’s fall 2009 semi-annual surveyof teens (and their parents) reports thatteen fashion-related spending increased2% on a year-over-year basis. Piper Jaffray’ssenior research analyst, Jeff Klinefelter, whohas spoken at MSCA’s programs over theyears, stated that Piper Jaffray believes“the fashion industry is in the early stages ofa new cycle with traffic and conversiongradually improving as teenage consumerslook to replenish key items in theirwardrobes after under-spending on thecategory over the past three years.”2

According to the survey, West Coast Brands

(e.g. Pacific Sunwear,Volcom, Quicksilver,Zumiez) were the topchoice for clothingbrand preferencesamong teens, followed byForever 21, Hollister, Nike,and American Eagle. Thesurvey also includedparents of teens andfound similar increases inapparel spending whenbuying for their teens,with parents expectingto spend $1,141 this fallcompared with $915 thisspring and $1,085 in fall2008.

One word of caution regarding teen retail,as one analyst warned when describing therecent winning streak of Hot Topic (a “goth-insprired, alternative” retailer with about680 stores nationwide,) teens are “the mostfickle consumer—they can love you todayand forget you tomorrow.”3

1 “Retailers’ Hopes Rise”, Jackie Crosby, Star Tribune, October 9,2009.2 “Teen Retail Spending Shows Slight Rebound”,www.marketingcharts.com/topics/behavioral-marketing/teen-retail-spending-shows-slight-rebound-106853 “Teen Retail Store Experiences Gains”, Resources forEntrepreneurs, Gaebler.com, May 21, 2009.

Featured

Sponsors

ACI Asphalt Contracts, Inc.To provide our clients withunique, cost effectiveindustry leading solutions fortheir pavement needs usinga consultative approach

Brookfield PropertiesTo be a leader in the NorthAmerican Commercial RealEstate Industry.

Gray Plant MootyTo be a law firm that blendstraditional quality and valueswith contemporary thinking.We believe in the attorney ascounselor and innovator. Webuild successful relationshipson quality service, personalrelationships, trust andconfidence.

Midwest Maintenance &Mechanical, Inc.To provide a single,comprehensive source ofquality services to ourcommercial real estatecustomers.

RJ Marco Construction Inc.When we set out to constructa building we know we arealso building a reputation.

Reliable Property ServicesTo provide value oriented,reliable and consistentproperty maintenanceservices to owners andprofessional facilitymanagers.

Bookmark

Over the past few years, I feel as if I’ve lost time… time I may not be able to make up.With the fallout from the economy, I am realizing that retirement may not be in mynear future and I realize that I must do everything I can to maintain my edge, myvalue, my viability as an employee. Most of all, I realize, I cannot afford to tangle withalzheimer’s disease.

The Anti Alzheimer’s Prescription: The Science Proven Plan to Start at Any Age byVincent Fortanasce gives us recommendations as to what we can do today to wardoff this debilitating disease. Many of us may end up being caregivers to our parents orspouses and it is important to be aware of the latest information on this topic.

The book contains the following information: how to assess your real “brain age, theanti-alzheimer’s diet, including recipes and menus, daily physical exercise for the bodyand the mind, daily neurobics to build a “big brain reserve,” the importance of stressreduction and quality sleep, and the latest medical therapies currently underdevelopment.

Our 401Ks may be shrinking and the industry may be in a precarious mode, butwhatever else may be happening, we all need to protect ourselves and our futures.This book may help us stay on the right track.

Have a reading recommendation? Contact Christopher Max Naumann [email protected] or Judy Lawrence at [email protected].

MSCA

Membership

Survey

As you know from aprevious announcement,MSCA will be making afew changes in theupcoming year(s). Wewant to make sure that weare getting input from allMSCA members, so pleasewatch for your MSCAMembership Surveycoming soon and fill it out.

Your feedback is greatlyappreciated.

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The 2009 MSCA Retail Report Committee has completed this year’s report andis looking forward to the November 4 MSCA afternoon program. The narrativesection, outstate, and data collection are as strong and comprehensive asever.

To keep the report fresh, the Report Committee has added three new sectionsthat focus on timely and specific industry issues. The report has also “gonegreen” and will just be distributed in CD form so members have the option toprint a hard copy, or just draw upon information electronically when they needit. The retail report program has consistently been one of the best attendedMSCA programs and we expect this year’s program to be no different. EricBejelland returns discussing the investment market and John Johansson of NAIWelsh will provide a leasing/tenant perspective. Finally, Drew Johnson willdiscuss the development/owner perspective in this challenging market.

Given the ever changing and challenging times, joining the retail reportcommittee is a great way to broaden your market knowledge andperspective.

Thanks to this year’s retail report members and all those who contributed to thereport.

� � The Cooper opened October 15 at the Shoppes at West End inSt. Louis Park. The Cooper’s name refers to the tradesmen who make

whiskey barrels. The fourth of Kieran Folliard’s Twin Cities pubs, TheCooper has strong Irish roots, but a very different look and feel.

� � M&I Bank is under way in St. Paul with construction of anew bank on Snelling, south of Randolph, formerly occupied byWalgreens.

� � Frattalone’s Ace Hardware has opened at 2737Hennepin Avenue South in Uptown at the former Checker Auto

Parts’ location.

� � The Lyndale Tap House opened on September 29 inMinneapolis to bring residents of the Lyn-Lake neighborhood high

quality, original food and drink at affordable prices.

MSCA Connection November 094

msca-online.com

Press Releases

Press releases are printed based upon availability of space and relevance to the local market.

MN MARKETPLACE

Committee Chat

Retail Report Committee

Events

Dec 1 Year End Ceremonies/STARRSM Awards/ Holiday Party (evening):Golden Valley Country Club

Jan 6 Asset Management

Feb 3 Trends

Mar 3 Investment/Finance

For program place and times andmore info, please go to www.msca-online.com

OFFICERSPresidentCindy MacDonald, Kraus-Anderson Companies1st Vice PresidentStephen Eggert, Target Corporation2nd Vice PresidentPeter Berrie, Faegre & Benson LLPTreasurerPeter Austin, NAI WelshSecretaryTom Madsen, Benson-Orth Associates, Inc.

DIRECTORSJack Amdal, KKE Architects, Inc.Eric Bjelland, NorthMarqJohn Gelderman, JFG Retail Advisors, LLCSteve Johnson, Solomon Real Estate GroupNancy Litwin, General Growth PropertiesPaula Mueller, Northtown Mall/Glimcher PropertiesTricia Pitchford, NorthMarqImmediate Past President (as Director):Bruce Carlson, United Properties

COMMITTEE CHAIRSProgramJeff WurstBarry Brottlund, InSite Commercial Real Estate, Inc.MembershipJeff Horstmann, Paster EnterprisesBrad Kaplan, NorthMarqNewsletterAndy McDermott, Shea, Inc.Christopher Naumann, Christopher Max Design & Development LLCAwardsSteve Johnson, Solomon Real Estate GroupSteve Young, Arbor Commercial GroupLegislativeHoward Paster, Paster EnterprisesRob Stolpestad, Exeter Realty CompanyRetail Report Drew Johnson, RJM ConstructionSuzie Rettinger, Coldwell Banker Commercial Griffin CompaniesTechnologyJim Mayland, Colliers Turley Martin TuckerDoug Sailor, Park Midwest Commercial Real EstateGolfJase Stumph, RJ Marco Construction Inc.Rick Schroeder, Robert Muir CompanySponsorshipNed Rukavina, NorthMarqJanele Taveggia, LEO A DALYMSCA CaresJennie Zafft, Cousins Properties, Inc.Stefanie Meyer, NorthMarq

STAFFExecutive DirectorKarla Keller Torp(P) 952-888-3490 (C) 952-292-2414 (F) [email protected] DirectorStacey Bonine(P) 952-888-3491 (C) 952-292-2416 (F) [email protected] AssistantDanielle Pelton(P) 952-345-0452 (F) [email protected]

2009 Leadership

by Drew Johnson, RJM Construction

Technology Tip

Can’t make it to the November Retail Report programand would like to order a copy of the report? You canget the order form online. Click on resources, thenpublications. From there you can download and printthe 2009 order form and fax it to the MSCA office. Whileyou’re there, browse through the other publicationsavailable for downloading or ordering.

If you have any questions you can always contact theTechnology Committee Chair: Jim Mayland [email protected] or (612) 347-9311.

MINNESOTA SHOPPING CENTER ASSOCIATION8120 Penn Avenue South Suite 464Bloomington, MN 55431

phone: 952-345-0452fax: 952-888-0000web: msca-online.com

2009

State of

RetailReal Estate Report

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Primary Career Focus: Real Estate AttorneyFamily: Husband, Ed; Daughter, Eleanor (7)Hobbies: Cooking, reading, spending time with my familyVery First Job: Worked in a used bookstoreDream Job: Florist – people are usually so happy to receive flowersSecret Talent: Packing – I can stuff an unbelievable amount of things in a hatchback or suitcaseFavorite Food: Potatoes (prepared virtually any way)Favorite Book: Pride and PrejudiceFavorite Quote: “Be the change you want to see in the world.” - Mahatma GandhiFavorite Place Traveled: JapanMSCA Involvement: Sponsorship Committee

Primary Career Focus: Environmental ScienceFamily: Lovely 3-year-old girlHobbies: Playing guitar and writing music, brewing beer, playing softball, the outdoors, bikingVery First Job: Target – Toys and Sporting Goods department when I was 15Dream Job: CF for the MN Twins or touring with Neil YoungSecret Talent: TelepathicFavorite Food: TacosFavorite Book: As A Man ThinkethFavorite Movie: TombstoneMentors: The senior staff at AET have all been instrumental in helping me advance in my fieldFavorite Place Traveled: Morocco

MSCA Connection November 095

msca-online.com

MFRA Achieves Minority Business Enterprise Status. After a recent ownershiptransition, McCombs Frank Roos Associates, Inc. (MFRA) announced that it has beencertified as a Minority Business Enterprise by the Midwest Minority Supplier DevelopmentCouncil (MMSDC).

EnergyPrint Implements New Product. EnergyPrint rolled out a new energybenchmarking product for commercial buildings offering data analysis that empowerscompanies to manage energy consumption, reduce costs and lower their carbonfootprint. It helps property managers and executives understand and analyze energycosts and translate that data into actionable steps.

Adam ZobelAmerican Engineering Testing, Inc.

Sandi DobblesFaegre & Benson LLP

Member News

Member Profiles

New Members

Bruce FeikStock Roofing

Priscilla KoeckeritzEnergyPrint Inc.

Tony ForlitiGA Constructioin Inc.

Kai MilotaTwin City Outdoor Services

Michael LandstadJeffrey R. Anderson RealEstate

MSCA Membership Renewals for 2010MSCA membership renewals will be sent via email this year the first week in November.Please watch for your information and invoice. We would like to remind you that now,more than ever, is a very important time to network and market yourself and your

company. Here are our 5 reasons to renew your membership and stay involved:

Networking – stay connected to over 700 industry professionals

Focused Advertising – an opportunity to promote your business and services

Resource – features real estate trends and news

Impactful – informed, influential and high energy

Education – meetings and learning sessions that address trends, business ideas,concerns and ventures

Continue to maximize your membership—it’s fun and easy—stay involved. Please call(952) 345-0452 with any questions.

Maximize Your

Visibility!

Limited MSCA advertising for 2010is still available.

Please contact Stacey at MSCA for more information.

(952) 888-3491

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The MSCA October program topic was the West End Redevelopment update withspeakers Pat Mascia and Darryle Henry, both from Duke Realty Corporation and MarkF. Fallon from Jeffrey R. Anderson Real Estate, Inc. West End, owned by Duke Realty

Corporation, is located at the southwest corner of Highway 100 and I-394 in St. Louis Park.

As they say in retail—it all comes down tolocation, location, location. You mightremember the site consisting of threeindustrial buildings—the 5219 Building,and the 1945/1950 Novartis Warehousebuildings. The site was full of manychallenges including a dual trackentitlement process with the two cities ofGolden Valley and St. Louis Park,extensive infrastructure needs, and soilcontamination. The site even required 27feet of soil correction. Although it had itschallenges, the pros of the uniquelyurban location made this project

possible. The pros include over three million square feet of office space around theproperty, being located within three miles from downtown Minneapolis, and strongdemographics—over 388,000 people in a five-mile radius. The average household incomesare greater than the areas around Galleria and Ridgedale. Another significant benefit tothe area is that it is mature. Unlike the typical suburban area, this is landlocked and canonly grow by becoming denser. According to Mascia, there is no better retail submarket inthe Twin Cities metro area.

The West End Redevelopment is being considered by some to be the finest office/retailmixed-use project in the Twin Cities. The targeted customer will be female, age 25-55 with75% of their family’s purchasing power. The project will be pedestrian-friendly and beinterconnected to both pedestrians and vehicles. Connectivity is most important for theshopper. Shoppers will be able to utilize a “foot skyway” to the above-ground parkingramp or utilize the below-ground ramp to take them to the retailer or restaurant of choice.The underground parking ramp is not your average concrete structure. It has a droppedceiling, is heated and very brightly lit. The main street running north/south through theproject is Park Place. It was designed to be a “pedestrian arcade” with a variety of pavingmaterials, streetscape elements and trees.

The project will contain 1.1 million sf of office, a 144-room Hyatt Place Hotel, 380,000 sf oflifestyle retail space, a 14-screen Kerasote Theatre, a 57,000-sf upscale Rainbow Foodsconcept, an 8,000-sf two-level common space and 550 underground parking stalls. Thetheatre is a split-level concept, allowing for a 21+ area consisting of lounge chairs, arestaurant and bar.

The goal is to provide a shopping opportunity not available elsewhere in the area. WestEnd will combine proven customer favorites such as Talbots, Victoria’s Secret and Chico’swith several retailers new to this market. Other retailers include Anthropologie (who isopening only eight stores in the world this year), Creative Kidstuff, Republic of Couture,Love Culture, Lululemon, and Über Baby. Several new restaurant concepts are open, orwill be shortly, including Toby Keith’s “I Love This Bar and Grill,” Crave, The Cooper Irish Pub,Maximillians Grill, Sauce, Ringo World Fusion, and Five Guys Burgers and Fries. Therestaurants are expected to average $1-2.5 million in food sales per week. The West EndRedevelopment is currently 65% leased. They expect to be 85% occupied by spring 2010.

October

Professional

Showcase

Olsson Associates is anintegrated design firmthat has been creatingprojects throughout theUnited States for morethan 50 years. They offercomprehensive designand consulting services inlandscape architecture,urban planning,environmental sciences,water resources, landdevelopment,transportation/traffic,geotechnical, andmechanical andelectrical.

Olsson Associates is onthe web atwww.oaconsulting.com.

MSCA Connection November 096

msca-online.com

by Natina James, KKE Architects, Inc.Program Recap

West End Redevelopment

October presenters: left to rightBarry Brottlund (moderator), InSite Commercial Real EstatePat Mascia, Duke Realty CorporationDarryle Henry, Duke Realty CorporationMark F. Fallon, Jeffrey R Anderson Real Estate, Inc.

MSCA and

Stewart Title

co-sponsor:

Ted C. Jones, PhD,Senior Vice President-

Chief Economist

Tuesday, December 83:30 - 5:00 pm

Doubletree HotelMinneapolis Park Place

Watch for the blastemail invite coming

soon!

Don't Forget! MSCA will now be emailing all monthly program registrationflyers including the November Retail Report Program and the DecemberSTARRSM Awards. Pay close attention so you don't miss the reminders! Visitwww.msca-online.com to register.

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MSCA Connection November 097

msca-online.com

by Sue Wilson, CB Richard Ellisrising star

Jon Charles, an award-winning haircolorist/instructor, opened his second salon inWayzata in September. Jon Charles Pure

Salon is a salon for women of all ages offering afull range of services from hair styling andcoloring, manicures and pedicures, Brazilian hairstraightening, waxing, facials, European blow-drysand free Blow Dry Boot Camps.

Jon has over 20 years of experience and is known as aninnovator and branding expert in the industry. He openedhis first salon in June 2006 on Lake Street in Uptown and itwas named one of the nation’s top 50 salons in the U.S. byElle magazine in 2008. In the fall of 2008, Jon added CraigWeitz as the Creative Director of the salon and thisformidable team has taken the salon to the level of otherpowerhouse Twin City salons. In February 2009, Jon ran apromotion, “The Jon Charles Stimulus Package,” whichoffered new customers up to 50% off hair styling andcoloring services based on the losses incurred in their 401Kplan as the economy plunged. The CBS Evening News withKatie Couric ran a story that profiled three businessesaround America trying to help people out through thetough times, including The Jon Charles Pure Salon. A briefhighlight about the generous promotion also occurred in theAugust 2009 issue of O! Magazine. This promotion is now

being offered at the new salon in Wayzata as well. Jon isalso known for innovative and cost-effective space design.His 2,500-square-foot uptown salon currently has the highestper square feet income capacity of any salon in the state ofMinnesota.

www.joncharlessalon.net

Jon Charles Pure Salon

Web Sites

With the holidays upon us, charitable giving istraditionally high at this time of the year. Here are a fewresources to either find that right non-profit or check onan organization you are interested in helping.

www.smartgivers.org (a great resource by CharitiesReview Council)

www.ag.state.mn.us/charities (MN State Attorneys office)

www.charity-charities.org/charities/MN (search either byorganization or by location around the world)

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Are you paying more than your fair share? Let Fredrikson

& Byron’s property tax lawyers take a closer look.

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