prime retail opportunity nw quadrant of i-94...

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MFC Properties is pleased to introduce Lake Elmo’s largest and most anticipated new residential and commercial development area in decades. Located just eight miles east of downtown St. Paul on the north side of Interstate 94, this recently opened area for development is poised to leverage the city’s adopted pro-growth and land-use plan, high-trafficked interstate location, and notable market demographics. Situated across from prominent retail and residential communities in Woodbury, the immediate market area boasts densely populated and upper-income neighborhoods which continue to draw new residents. The development is minutes from Woodbury Marketplace, Woodbury Lakes and Tamarack Village shopping centers, Eagle Point Business Park, Stoneridge Golf Club, and Lake Elmo Regional Park Reserve, and offers direct access from I-94 via Keats Avenue and Woodbury Drive. Nearby destination powerhouses include Walmart, Super Target, and Sam’s Club. The city of Lake Elmo has been commonly known for its overall rural character, significant natural resources and abundance of agricultural land. Fueled by growing interest among developers, the city has unveiled a new vision and comprehensive land use plan, that when completed will make Lake Elmo one of the fastest growing cities in state history, projected to triple in size in 18 years. PRIME RETAIL OPPORTUNITY NW Quadrant of I-94 and Keats Avenue, Lake Elmo, Minnesota mfcproperties.com MFCPROPERTIES.COM <Mendota Heights New Hope> Oak Par <Lexington <Crystal <Landfall Hilltop <W illernie <Medicine Lake Birchwood V illage> Lauderdale <Grant Lexington Osseo Pine Springs Lilydale <V ermillion Gem Lake Coates Sunfish Lake Circle Pines Spring Lake Park Falcon Heights St. Anthony St. Paul Park Dellwood Robbinsdale North St. Paul Columbia Heights Newport Hopkins Mounds V iew Little Canada W est St. Paul New Hope Mahtomedi Crystal South St. Paul Richfield New Brighton S V adnais Heights Brooklyn Center North Oaks White Bear Lake Arden Hills Mendota Heights Golden V alley Fridley Hastings St. Louis Park Oakdale Farmington Shoreview Roseville Edina Prior Lake Savage Apple V alley Maplewood Lake Elmo Grant Af Brooklyn Park Burnsville Minnetonka kopee Inver Grove Heights Eagan Maple Grove Rosemount Eden Prairie W oodbury mouth Lakeville Cottage Grove Bloomington St. Paul Minneapolis 35E 35E Coates Blvd E US HWY 10 ve US HWY 52 Clayton Ave E Cty Hwy 101 US HWY 61 Coates Blvd E SH13 Courthouse Blvd E SH47 N Maplewood Dr Vermillio Central Ave Point Douglas Dr S Hastings Rd S Fort Rd E 7th St 4th St SE Arcade St Kilmer Ln N <Mendota Heights New Hope> Oak Pa <Lexington <Crystal <Landfall Hilltop <Willernie <Medicine Lake Birchwood Village> Lauderdale h d <Grant Lexington Osseo Pine Springs Lilydale <Vermillion Gem Lake Coates Sunfish Lake Circle Pines Spring Lake Park Falcon Heights St. Anthony St. Paul Park Dellwood Robbinsdale North St. Paul Columbia Heights Newport Hopkins Mounds View Little Canada West St. Paul New Hope Mahtomedi Crystal South St. Paul Richfield New Brighton S Vadnais Heights Brooklyn Center North Oaks White Bear Lake Arden Hills Mendota Heights Golden Valley Fridley Hasting St. Louis Park Oakdale Farmington Shoreview Roseville Edina Prior Lake Savage Apple Valley Maplewood Lake Elmo Grant Af Brooklyn Park Burnsville Minnetonka kopee Inver Grove Heights Eagan Maple Grove Rosemount Eden Prairie Woodbury mouth Lakeville Cottage Grove Bloomington St. Paul Minneapolis Minneapolis St. Paul 94 94 394 94 694 694 494 494 35W 35W 35E 35 SITE

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Page 1: PRIME RETAIL OPPORTUNITY NW Quadrant of I-94 …96bda424cfcc34d9dd1a-0a7f10f87519dba22d2dbc6233a731e5.r41.…make Lake Elmo one of the fastest growing cities in state history, projected

MFC Properties is pleased to introduce Lake Elmo’s

largest and most anticipated new residential and

commercial development area in decades. Located

just eight miles east of downtown St. Paul on the north

side of Interstate 94, this recently opened area for

development is poised to leverage the city’s adopted

pro-growth and land-use plan, high-trafficked interstate

location, and notable market demographics. Situated

across from prominent retail and residential communities

in Woodbury, the immediate market area boasts densely

populated and upper-income neighborhoods which

continue to draw new residents. The development is

minutes from Woodbury Marketplace, Woodbury Lakes

and Tamarack Village shopping centers, Eagle Point

Business Park, Stoneridge Golf Club, and Lake Elmo

Regional Park Reserve, and offers direct access from

I-94 via Keats Avenue and Woodbury Drive. Nearby

destination powerhouses include Walmart, Super Target,

and Sam’s Club.

The city of Lake Elmo has been commonly known for its

overall rural character, significant natural resources and

abundance of agricultural land. Fueled by growing interest

among developers, the city has unveiled a new vision and

comprehensive land use plan, that when completed will

make Lake Elmo one of the fastest growing cities in state

history, projected to triple in size in 18 years.

PRIME RETAIL OPPORTUNITYNW Quadrant of I-94 and Keats Avenue, Lake Elmo, Minnesota

mfcproperties.com

MFCPROPERTIES.COM

Buffalo>

<Mendota Heights

Lindstrom>

Buffalo>

Mayer>

New Hope>Oak Park Heights>

<Lexington

<Crystal

<Landfall

Rockford

Hilltop<Willernie

New Trier

Big Lake

Loretto

<Medicine Lake

Birchwood Village>

St. Marys Point

Lauderdale

<Center City

<Minnetonka Beach

<New Market

Greenwood>

Woodland

Spring Park>

Shafer

<Grant

<Excelsior

Lexington

Lakeland Shores

Osseo

Cologne

Bethel

Pine Springs

Lilydale

Mayer

Long Lake

Montrose

Lake St. Croix BeachTonka Bay

<Vermillion

RandolphHenderson>

St. Bonifacius

Maple Plain

Gem Lake

Stacy

Hampton

Elko

Coates

Rockford

Norwood Young America

Watertown

Sunfish Lake

Miesville

Bayport

Somerset

Dresser

Circle Pines

Chisago City

Spring Lake Park

North Hudson

Falcon Heights

Lindstrom

Prescott

St. Anthony

Centerville

Deephaven

St. Paul Park

Delano

Jordan

New Prague

Waconia

Dellwood

Zimmerman

Wyoming

Lakeland

RobbinsdaleOak Park Heights

North St. Paul

Wayzata

St. Croix Falls

Columbia Heights

Osceola

Newport

Carver

Taylors Falls

Hopkins

Cannon Falls

Mounds View

Big Lake

Marine on St. Croix

Belle Plaine

Forest Lake

Little Canada

Albertville

Mound

River FallsWest St. Paul

Rogers

Hanover

New Hope Mahtomedi

Crystal

South St. Paul

Monticello

Hudson

Richfield

New Brighton

Anoka

Stillwater

Buffalo

Vadnais Heights

Brooklyn Center

Victoria

North Oaks

White Bear Lake

Champlin

Becker

Arden Hills

Mendota Heights

Golden Valley

Fridley

Hastings

St. Louis Park

Oakdale

Farmington

Shoreview

Shorewood

Roseville

Chaska

Edina

Prior Lake

Savage

Apple Valley

Maplewood

Greenfield

Chanhassen

Coon Rapids

St. Francis

Lake Elmo

Dayton

Grant

Afton

Orono

Brooklyn Park

Burnsville

Medina

Minnetonka

Shakopee

Ramsey

Inver Grove Heights

Otsego

Minnetrista

Eagan

Blaine

Independence

Andover

Oak Grove

Maple Grove

Rosemount

Eden Prairie

Woodbury

Lino Lakes

Plymouth

Ham Lake

Corcoran

HugoSt. Michael

Lakeville

Cottage Grove

Bloomington

Red Wing

Elk River

East Bethel

St. Paul

Minneapolis

WIMN

35E

35E

Johnson Memorial Dr

US HWY 10 SE

Rochester Blvd

Forest Blvd N

Coates Blvd E

Lake Blvd

Wayzata Blvd

240th St E

Lillehei Ave

US H

WY 10

Emer

yAv

e

US HWY 10 NW

US

HW

Y 52

US HWY 212

SH55

US HWY 10

SH55 NW

US HWY 12

HWY 61 Blvd

Cla

yton

Ave

E

HWY 10 NW

HW

Y 65 NE

Cty Hwy 101

Cen

tralA

ve N

E

SH64

US

HW

Y 16

9

US H

WY 61

US H

WY 12 SE

Coates Blvd

US HWY 8

1st Ave EFlying Cloud Dr

SH55 NE

C RD 69

SH13

HWY 61 W

Jefferson Hw

y N

W Main St

Courthouse Blvd E

SH47

SH101

N M

aple

wood

Dr

Verm

illion

St

Central Ave

Point Douglas Dr S

Hastings R

d S

Cedar St

Lake St S

SH35

Fort RdE 7t

h St

4th St SE

Old

Bric

k Ya

rd R

d

Arca

de S

t

Kilmer Ln N

E Viking Blvd

W 6t

h St

Lake St N

0 100 200 300 400 500 600 700 800 900 1000 1100 1200 1300 1400 15000

100

200

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400

500

600

700

800

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1000

1100

1200

1300

1400

1500

Minneapolis Metro AreaZIP Code Map

WorkingMaps.com File ID: mnminneapolis

(c)FLATTEXT Database Scripts, Inc. For permission to reproduce, contact us at: (800) 525-1626

18 miles

100 Units on the Horizonal and Vertical Rulers Equals 3.50 Miles

Layer Index

Counties

5-Digit ZIP Codes

Cities and Towns

Interstate LabelsPrimary Road Labels

Other Primary Road Labels

Buffalo>

<Mendota Heights

Lindstrom>

Buffalo>

Mayer>

New Hope>Oak Park Heights>

<Lexington

<Crystal

<Landfall

Rockford

Hilltop<Willernie

New Trier

Big Lake

Loretto

<Medicine Lake

Birchwood Village>

St. Marys Point

Lauderdale

<Center City

<Minnetonka Beach

<New Market

Greenwood>

Woodland

Spring Park>

Shafer

<Grant

<Excelsior

Lexington

Lakeland Shores

Osseo

Cologne

Bethel

Pine Springs

Lilydale

Mayer

Long Lake

Montrose

Lake St. Croix BeachTonka Bay

<Vermillion

RandolphHenderson>

St. Bonifacius

Maple Plain

Gem Lake

Stacy

Hampton

Elko

Coates

Rockford

Norwood Young America

Watertown

Sunfish Lake

Miesville

Bayport

Somerset

Dresser

Circle Pines

Chisago City

Spring Lake Park

North Hudson

Falcon Heights

Lindstrom

Prescott

St. Anthony

Centerville

Deephaven

St. Paul Park

Delano

Jordan

New Prague

Waconia

Dellwood

Zimmerman

Wyoming

Lakeland

RobbinsdaleOak Park Heights

North St. Paul

Wayzata

St. Croix Falls

Columbia Heights

Osceola

Newport

Carver

Taylors Falls

Hopkins

Cannon Falls

Mounds View

Big Lake

Marine on St. Croix

Belle Plaine

Forest Lake

Little Canada

Albertville

Mound

River FallsWest St. Paul

Rogers

Hanover

New Hope MahtomediCrystal

South St. Paul

Monticello

Hudson

Richfield

New Brighton

Anoka

Stillwater

Buffalo

Vadnais Heights

Brooklyn Center

Victoria

North Oaks

White Bear Lake

Champlin

Becker

Arden Hills

Mendota Heights

Golden Valley

Fridley

Hastings

St. Louis Park

Oakdale

Farmington

Shoreview

Shorewood

Roseville

Chaska

Edina

Prior Lake

Savage

Apple Valley

Maplewood

Greenfield

Chanhassen

Coon Rapids

St. Francis

Lake Elmo

Dayton

Grant

Afton

Orono

Brooklyn Park

Burnsville

Medina

Minnetonka

Shakopee

Ramsey

Inver Grove Heights

Otsego

Minnetrista

Eagan

Blaine

Independence

Andover

Oak Grove

Maple Grove

Rosemount

Eden Prairie

Woodbury

Lino Lakes

Plymouth

Ham Lake

Corcoran

HugoSt. Michael

Lakeville

Cottage Grove

Bloomington

Red Wing

Elk River

East Bethel

St. PaulMinneapolisMinneapolis

St. Paul9494

394

94

694

694

494

494

35W

35W

35W35E

35

94

35

SITE

Page 2: PRIME RETAIL OPPORTUNITY NW Quadrant of I-94 …96bda424cfcc34d9dd1a-0a7f10f87519dba22d2dbc6233a731e5.r41.…make Lake Elmo one of the fastest growing cities in state history, projected

The plan includes rezoning to accommodate

new businesses, housing, new roadways and

utilities infrastructure, and the anticipated

rapid growth from the three square mile

strip to be developed along I-94. Ultimately,

Lake Elmo has the capacity for 17,000

new residents and 14,000 new employees.

MFC Properties’ development has up to

30 acres of land that can accommodate

up to 260,000 SF of retail space.

EXCEPTIONAL SITE CHARACTERISTICS

OPTIMAL ACCESSIBILITY AND VISIBILITY OFF I-94

• Over 96,000 vehicles per day on Interstate 94

• Over 26,000 vehicles per day on Woodbury Drive

• Located at one of only 4 exits between WI and MN east of I-494/694

ADJACENT TO PROPOSED NEW RESIDENTIAL AND COMMERCIAL DEVELOPMENT

• Up to 17,000 new residents anticipated in Lake Elmo

• Lennar commenced multi-phase project beginning in early 2014

• 312 new homes

• Zoning along I-94 allows for 700,000 SF of new retail/mixed-use

CONVENIENT LOCATION, HIGH DEMAND

• Eight miles east of downtown St. Paul along MN – WI

gateway corridor

• Captures daytime traffic from Wisconsin and eastern suburbs

• 40%+ St. Croix County workers commute to MN

• Residential and worker destination-bound traffic into

Woodbury & Oakdale

• Near primary retail hubs – Woodbury Lakes Lifestyle Center,

Woodbury Marketplace, Tamarack Village, Oakdale Village

• Walmart, Super Target, Sam’s Club, Cabela’s

• Over 100,000 residents within five miles

SEE DETAILED MAP

ON NEXT PAGE.

MFCPROPERTIES.COM

Page 3: PRIME RETAIL OPPORTUNITY NW Quadrant of I-94 …96bda424cfcc34d9dd1a-0a7f10f87519dba22d2dbc6233a731e5.r41.…make Lake Elmo one of the fastest growing cities in state history, projected

COMPELLING MARKET DEMOGRAPHICS*

RANKED TOP BEST AREAS IN MINNESOTA FOR

YOUNG FAMILIES

• 80% owner occupied households

• $220,778 median home value, 29% above US

• 38% households with kids

AFFLUENT, UP AND COMING COMMUNITY

• $103,689 average income, 44% above US

• 38% earn $100,000+

• 46% college graduates versus 28% US

• Growth rate twice that of US average

WOODBURY AND LAKE ELMO COMPARED TO MINNESOTA:

• Median household income above state average

• Percentage of population with a bachelor’s degree or higher significantly above state average

• Median house value above state average

• Unemployed percentage below state average

• House age below state average

TOP EMPLOYERS:

3M 15,000

South Washington County School District #833 1036

Woodwinds Health Campus 851

Woodbury Healthcare Center 340

Summit Orthopedics 300

Assurant 287

The Hartford 250

Target.com 250

Globe University 221

City of Woodbury 212

Allina 200

*5-mile radius

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3470 WASHINGTON DRIVESUITE 102

EAGAN, MINNESOTA 55122TEL (651) 452-3303

SHEET NO.

PROJECT NO.

FILE NAME

IF THE SIGNATURE, SEAL OR FOUR LINES DIRECTLY ABOVE ARE NOTVISIBLE, THIS SHEET HAS BEEN REPRODUCED BEYOND INTENDED

READABILITY AND IS NO LONGER A VALID DOCUMENT. PLEASE CONTACTTHE ENGINEER TO REQUEST ADDITIONAL DOCUMENTS.

BYDATE

DATEREVISION

REVIEW

CONTACT ENGINEER FOR ANY PRIOR HISTORY

TITLESHEET

PROJECT

SHEET INDEX

REVISION HISTORY

CERTIFICATION

PROJECT MANAGER REVIEW

/

LANDFORMc

Landform and Site to Finish

are registered service marks of Landform Professional Services, LLC.®

®

DEVELOPER

MUNICIPALITY

CNC

MFC13002

2013

C201MFC002

SITE PLANCONCEPT 4

C2.1

SITE PLAN NOTES

ZONING AND AREA SUMMARY

NORTH

060

120

PARKING SUMMARY - SOUTH OF HUDSON

TOTAL AREA SUMMARY

PARKING SUMMARY - NORTH OF HUDSON BLVD.AREA SUMMARY - NORTH OF HUDSON BLVD.

AREA SUMMARY - SOUTH OF HUDSON BLVD.

MFCPROPERTIES.COM

Page 4: PRIME RETAIL OPPORTUNITY NW Quadrant of I-94 …96bda424cfcc34d9dd1a-0a7f10f87519dba22d2dbc6233a731e5.r41.…make Lake Elmo one of the fastest growing cities in state history, projected

MFC PROPERTIES CORPORATION

“Developing Lasting Relationships”

MFC Properties Corporation’s mission

is to continue to develop, own, lease and

manage a portfolio of quality income

producing commercial real estate projects.

This will be accomplished by developing

not just real estate but lasting, mutually

beneficial, business relationships

with our clients and associates.

MFC PROPERTIES CORP.

Bruce Miller, CCIM

Vice President

(o) 651-452-3303

(c) 612-209-7213

[email protected]

mfcproperties.com

MFCPROPERTIES.COM