Memo- Downtown Discussion•
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MEMORANDUM
TO: Honorable Mayor and Hopkins City Council Members
FROM: Kersten Elverum, Director of Planning & Development
DATE: June 18, 2008
SUBJECT: Downtown Discussion
■ Vacancies on Mainstreet — Perception vs. Reality
• Exploring New Initiatives Including:
"What's Missing" survey
Market Research
Design Assistance
Green Incentives
Banners — Baskets — etc.
Events
• Business Recruitment
What is a priority?
What are current opportunities?
What is our approach?
Planning & Economic
Development
A discussion has been scheduled for the June 24, 2008, work session to address a variety
of issues related to the downtown. The agenda will include (but is not limited to) the
following:
Attached is a packet of information put together for Holy Land. It was the first attempt at
a recruitment package and will be built on for future use. I look forward to the
discussion.
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Hopkins Area Demographics
Within a 10 -mile radius:
783,493 Employees
884,125 Residents
50% earn over $60,000 per year
This area includes Edina, Minnetonka, St. Louis Park, Plymouth and
Eden Prairie
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Currently Hopkins has:
In a 2007 Hopkins citizen survey:
32% citied too few dining options
95% rated quality of life as good or excellent
11 Fast Food Chain Restaurants
6 "Upscale" Fast Food Restaurants
5 Restaurant/Bars
5 Chinese Restaurants
4 "American Food" Family Restaurants
1 Upscale Restaurant
Most of these restaurants are located on Mainstreet, also known as
Downtown Hopkins. Mainstreet is a walkable, vibrant city center
with an untapped market for unique, ethnic restaurants.
Major Redevelopment Projects
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Excelsior Crossings
800,000 SF Office Campus for Cargill
1 1000 employees in by end of 2008;
Additional 2000 employees by end of 2009
Developer — Opus Northwest
Fifth Avenue Flats
Corner of Mainstreet & 5 Avenue
254 luxury apartments
13,000 SF of retail
Scheduled to be completed in 2010
Developer — Doran Companies
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Marketplace & Main
Mainstreet — between 7 & 8th Avenues
44 condominium units
8,800 SF of retail
Scheduled to be completed in 2009
Developer — The Beard Group
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Business Climate
Photos taken Friday, May 9, 2008, -1:00 pm
Big Ten restaurant
Mainstreet & 8 Avenue
Selected Properties
23 properties were found
1 -23
1.
GI
1010 Mainstreet, Hopkins
2.
fig
10410 Excelsior Blvd, Hopkins
3.
MI
10997 Red Circle Dr, Minnetonka
4.
Cal
11501 Excelsior Blvd, Minnetonka
5.
ta'l
13 8th Ave S, Hopkins
6.
rig
13000 Technology Dr. Eden Prairie
7.
Ia'
13125 Excelsior Blvd, Minnetonka
8.
ta'i
1413 Main St, Hopkins
9.
Car
1413 Main St, Hopkins
10.
fag
152 Blake Rd N Hopkins
11.
GS
1615 Mainstreet. Hopkins
12.
fal
1821 Mainstreet, Hopkins
13.
far
210 Blake Rd N. Hopkins
14.
far
4133 West Broadway Ave, Robbinsdale
15.
rig
62 6th Ave S. Hopkins
16.
a
715 Mainstreet Hopkins
17.
fo1
725 Mainstreet, Hopkins
18.
fag
750 Mainstreet, Hopkins
19.
gi
756 Main St Hopkins
20.
fal
802 Mainstreet, Hopkins
21.
CA
802 Mainstreet, Hopkins
22.
Cal
811 Mainstreet Hopkins
23.
CM
8550 Excelsior Blvd, Hopkins
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Available Properties
Minneapolis /Saint Paul Region
Hopkins Retail Vacancies
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Contact List:
Kersten Elverum
Director of Planning & Development
952 - 548 -6340
kelverum @hopkinsmn.com
Tara Beard
Community Development Coordinator
952 - 548 -6343
tbeard @hopkinsmn.com
Listing Agent for 802 Mainstreet
Ed Hanlon, Edina Realty
952 - 938 -1900
edhanlon @hotmail.com
Websites: www.thinkhopkins.com
www.hopkinsmn.com
Restaurant References:
Chuck Venables - Gusto
Bill Beard - The Beard Group
(Developer of the Big Ten /Hopkins Cinema 6 project)
952 - 930 -0630