Anybody know the estimate for re-and re-locating Nico Plating??

>From: Dave Harstad <[EMAIL PROTECTED]>
>To: [EMAIL PROTECTED]
>Subject: [Mpls] Nicollet and Lake Commons Project
>Date: Fri, 21 Jun 2002 09:48:48 -0700 (PDT)
>
>I am an attorney who works for Sherman Associates on
>the Nicollet and Lake Commons Project.  I live in the
>Whittier neighborhood, a few blocks away from the
>site, and have been actively involved in neighborhood
>efforts to get Nicollet re-opened for several years.
>I write to respond to Joe Barazonzi�s comments about
>the project.
>
>[JB]  �The process has always been developer rather
>than community lead. Although it should be noted that
>there has been significant community involvement and
>the credit for that goes to Sherman and Associates.�
>
>[DH]  Sherman Associates became interested in the
>project when people from the neighborhood approached
>Sherman and requested that they think about
>redevloping Nic-Lake.  There is a joint
>Lyndale-Whittier Task Force that meets regularly to
>discuss the project and advise Sherman.  Each
>component of the project came from the community, and
>is supported by the community.  Of course, the devil
>is in the details, but Sherman is working extremely
>hard on details too.  Here is a run down of the the
>big picture:
>a)  Re-opening Nicollet:  Closing Nicollet was a huge
>mistake that needs to be remedied by the City.  I have
>never met anyone who is opposed to re-opening
>Nicollet.  A few years ago, the City Council formed
>the Nicollet Avenue Task Force, and staffed it with
>Planning Department and MCDA staff.  The Task Force
>Found that re-opening Nicollet was the top priority
>for Nicollet Avenue (which it called �Minneapolis�
>Main Street�).  Jim Niland and Lisa McDonald in
>particular recognized the importance of getting this
>done.  Their efforts should not be forgotten.
>b)  Discount Grocer:  In Whittier Alliance focus
>groups, a discount grocer was listed the top
>development priority for the neighborhood.
>c)  Discount retailer:  When Kmart pulled out the
>project last fall and was tentatively replaced by the
>Hennepin County Medical Clinic, there was a loud
>outcry from the neighborhoods.  People vigorously
>argued that area residents, particularly low and
>moderate income residents without cars, needed to be
>able to do �one stop shopping� for clothing, consumer
>products, etc. at a discount retailer.  At one
>community meeting, a woman incredulously demanded of
>the developer, �If Kmart goes, where will I buy my
>underwear?�  Sherman Associates listened, and began
>working to attract a discount retailer to the
>development.
>d)  Affordable housing:  Sherman will build
>approximately 300 units of affordable for sale and
>rental units.  Some neighborhood activists want more
>expensive for sale housing, some want more units for
>the needy.  So Sherman has tried to come up with a
>mixed income plan that works for everyone.  Certainly
>everyone agrees that housing production is a top
>development priority for the City.  Here are 300 new
>units that could be built without a single renter or
>homeowner displaced.
>e.)  Retail condos.  The developer proposes to build
>25 x 25 retail condos around the grocery, the discount
>retailer, and along the Midtown Greenway.  The Asian
>community on Nicollet is very excited about this
>component and has lists of interested buyers.  These
>condos will add life to the street, and create a
>retail �farm system� that will certainly lead to
>further successes on Nicollet, particularly south of
>Lake Street, where investment is really needed.
>f)  Midtown Greenway:  Another top priority for the
>neighborhood is to encourage development that enhances
>the Midtown Greenway.  The housing will overlook the
>Greenway and there will be numerous new connections to
>it, both for recreation and for future transit.
>g)  Empowerment Zone:  The development is in the south
>EZ, and would bring $100 million in investment.
>Sherman hopes to use Empowerment Zone Bonding, which
>requires that EZ residents be employed by businesses
>benefiting from the bonding.  So the project will
>create good jobs for EZ residents.  Again, I can think
>of few people who would be opposed to this sort of
>investment and job creation in the EZ.
>
>[JB]  �The developer has not delivered despite
>previous extensions.�
>
>[DH]  Respectfully, Joe you have the facts wrong.
>There haven�t been any previous extensions.  Further,
>its unfair to say Sherman hasn�t delivered.  Putting
>together a $100 million project is tough work, and
>doesn�t happen overnight.  But Sherman wouldn�t be
>spending so much time and money on pre-development if
>it didn�t think it could get this done soon.  Sherman
>has a great tract record, and has every intention of
>delivering.
>
>[JB]  �The current proposal does not seem to have
>numbers that work.�
>
>[DH]  Not true.  Not only does Sherman have numbers
>that work, the numbers work without significant
>subsidy.  A rundown of the pro forma is outside the
>scope of this forum, but I�d be happy to share it with
>anyone off list.
>
>[JB] �The proposed development no longer meets to
>urban design standards of the community: specifically
>to have 2+ story buildings facing Lake Street.�
>
>[DH]  Not true.  The discount retail would be a
>two-story store, like the downtown Target.  Parking
>would be structured rather than surface.  Ratios of
>parking spaces to square feet would be substantially
>less than normal in order to encourage transit and
>pedestrian oriented traffic.  Micro-tenants will line
>the parking and parts of the grocery and discount
>retailer in order to encourage street life.
>
>Having said that, Sherman certainly will continue to
>work closely with the neighborhoods and City Council
>members on creating a great design.  Sherman wants the
>project to be a huge success, and in order to do that,
>the product needs to be what the neighborhoods want.
>People need to be aware of two things though:  some
>great ideas might not be financially feasible, and in
>a project of this size not everybody is going to get
>exactly what they want.  There needs to be compromise
>and free and open discussion.
>
>In sum, City Hall is rightfully gunshy about jumping
>into more �blockbuster� development deals.  Nevermind
>that Nic-Lake is in the Empowerment Zone and not
>downtown, that re-opening Nicollet is enormously
>important, that hundreds of units of affordable
>housing will be created, etc.  We�re living in a new
>era in Minneapolis.  Sherman�s plan it to show how
>development can be done, in a collaborative process
>with a cost to the citizens of Minneapolis that is far
>outweighed by the benefits the project brings to its
>citizens.
>
>We look forward to the CD meeting on Monday.  We also
>hope to seeing lots of people at the Nic-Lake Task
>Force meeting in July.
>
>Cheers,
>
>Dave Harstad
>Attorney for Sherman Associates
>Whittier resident
>
>
>
>
>
>
>
>
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