THE COLLABORATIVE MARKET ST. & FRANCE AVE. EDINA
THE COLLABORATIVE PROJECT The Collaborative comprises a redevelopment of approximately 3 acres at 50th & France in Edina and will transform stand-alone parking ramps into a vibrant mixeduse project. This transformation will promote a place and setting in which retailers and restaurants can thrive. The Collaborative will become an asset for the community by encompassing a myriad of ingredients successful mixed-use projects demand: expanded pedestrian friendly focus, attractive residential homes, public gathering spaces, beautiful streetscape and bringing life to space that is currently underutlized. THE COLLABORATIVE INCLUDES: 110 582 New Units of Apartment Homes New Structured Parking Stalls 35K 34K Square Feet of New Commercial/Retail Space Square Feet of Public Plaza, Sidewalks, and Woonerf (Shared Vehicular/Pedestrian Courtyard) to Activate the Streetscape
Downtown Minneapolis RIDGEDALE CENTER THE SHOPS AT WEST END TOWN MINNEAPOLIS THE COLLABORATIVE 1 MILE 3 MILE 5 MILE SOUTHDALE CENTER MSP International Airport EDEN PRAIRIE CENTER MALL OF AMERICA
THE TRANSFORMATION FOR A TRUE URBAN EXPERIENCE Market St HOUSING TRASH HOUSING TRASH Starbucks GENERAL SPORTS
PROJECT HIGHLIGHTS PROJECT TIMELINE CONSTRUCTION COMMENCEMENT Q2 2018 ANTICIPATED BUILD OUT COMPLETION Q1 2019 PROJECT DELIVERY Q2 2019 Activating both sides of Market Street with wider, improved sidewalks, and retail storefronts fronting both the street and the new plaza/woonerf A year-round central gathering area that can create pedestrian activity and host community events New attractive housing options, including affordable housing, for residents demanding a vibrant, walkable district commercial suites ranging in size from 2,000 SF to 9,000 SF Premium building materials and features gathered from the surrounding architecture and quaint European villages that create a timeless design for both the buildings and public realm Expanded and improved public parking with 582 parking stalls Improved community space and pedestrian walkways to increase connectivity for the district
SITE PLAN KEY NEW PUBLIC SIDEWALK / WOONERF TRASH HOUSING HOUSING TRASH
DEMOGRAPHICS 1 M I L E 2016 Population - Current Year Estimate 17,377 2016 Median Household Income $112,020 2016 Owner Occupied Housing Units 5,819 2016 Daytime Population 12,807 3 M I L E 2016 Population - Current Year Estimate 136,259 2016 Median Household Income $80,551 2016 Owner Occupied Housing Units 39,493 2016 Daytime Population 148,356 5 M I L E 2016 Population - Current Year Estimate 378,457 2016 Median Household Income $61,965 2016 Owner Occupied Housing Units 93,793 2016 Daytime Population 458,052 a project that is a continuation of 50th and France s charm
AN EXPERIENCED TEAM WITH A HISTORY OF SUCCESS IN EDINA CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com. Buhl Investors is a real estate investment management firm based in Minneapolis, MN. The firm s multi-faceted capabilities include land entitlement and development, property repositioning, adaptive re-use and historic renovation. Our investment experience spans product types including retail, hospitality, office, industrial, education, senior housing, storage and residential land. With over $500 million of collective real estate experience, Buhl Investors delivers innovative highquality solutions for all stakeholders. Around the world, Saturday is considered a prime day for relaxation. And like the best day of the week, a Saturday property will be the best apartment on the street. It will be the best location, offer the best interior and exterior design as well as the best customer service. The Saturday resident is always relaxed and refreshed and ready for what s ahead because at the end of it all, they know they re coming home to the best day of the week. Investing in a Saturday project rewards low vacancy, high-yield, award-winning properties that sell strong and provide a lasting legacy.
THE COLLABORATIVE MARKET ST. & FRANCE AVE. EDINA FOR MORE INFORMATION CONTACT DAVID DALY +1 612 336 4319 david.daly@cbre.com MATT FRIDAY +1 612 336 4209 matt.friday@cbre.com ERIC SHEAFFER +1 612 336 4251 eric.sheaffer@cbre.com CLICK HERE TO VIEW VIDEO www.properties.cbre.us/thecollaborative/ 2017 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_September2017