Laserfiche WebLink
necessarily represent the desires of the neighborhood. The seven redevelopment areas are <br />identified in Figure 2. The study finds that many of the properties could accommodate a variety of <br />different land uses given their location, access, and surrounding land uses. Recommended uses <br />based on market demand include retail, for -sale townhomes, for -sale condominiums, senior <br />housing, and rental housing. <br />Market Study Map — Figure 2 <br />Source: Maxfield Research & Consulting, LLC <br />Commercial Market <br />The market study finds that Navarre and the greater Lake Minnetonka area is under -retailed. An <br />opportunity exists to attract additional retail businesses to the Navarre area along Shoreline Drive <br />or Shadywood Road. The market study identifies Sites #4 and #5 (see Table 29 above) as being <br />the most attractive to retail tenants. Attracting additional retail businesses to Navarre would also <br />Page 6 <br />TABLE 29 <br />SUMMARY <br />OF REDEVELOPMENT SITE POTENTIAL USES <br />1 <br />3.66 <br />x <br />x <br />2 <br />4.58 <br />x <br />x <br />3 <br />1.86 <br />x <br />x <br />4 <br />2.60 <br />x <br />x x x <br />5 <br />6.78 <br />x <br />x x x <br />6 <br />2.22 <br />x <br />x <br />7 <br />2.63 <br />x <br />x x <br />Source: Maxfield Research & Consulting, LLC <br />Commercial Market <br />The market study finds that Navarre and the greater Lake Minnetonka area is under -retailed. An <br />opportunity exists to attract additional retail businesses to the Navarre area along Shoreline Drive <br />or Shadywood Road. The market study identifies Sites #4 and #5 (see Table 29 above) as being <br />the most attractive to retail tenants. Attracting additional retail businesses to Navarre would also <br />Page 6 <br />