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HomeMy WebLinkAboutX-C-01 Adopt Hwy 55 and Jacob Avenue Growth Area Plan City Council Memorandum To: Mayor Fasbender & City Councilmembers From: Alex Menke, Economic Development Coordinator John Hinzman, Community Development Director Date: March 17, 2025 Item: Adopt Plan: Highway 55 and Jacob Growth Area Plan Council Action Requested: Adopt the attached Highway 55 and Jacob Growth Area Plan. A simple majority is necessary for action. Background Information: The Plan presents a vision for future development for over 400 acres on the western edge of the City. This is not a plan for the City to actively seek annexation, but one that prepares the City when individual property owners decide to develop their land and request annexation. The Plan follows consultation with property owners, public comment, and joint meeting review by the Council and Planning Commission. Advisory Commission Discussion: The Planning Commission voted 6-0 to recommend adoption of the plan at the March 10, 2025 meeting with limited discussion. Council Commission Discussion: N\A Attachments: • Planning Commission Memo • Highway 55 and Jacob Growth Area Plan 堭䌭〱 Planning Commission Memorandum To: Hastings Planning Commission From: Alex Menke, Economic Development Coordinator Date: March 10, 2025 Item: Recommend Highway 55 + Jacob Avenue Small Area Plan for Adoption by City Council Planning Commission Action Requested: The Planning Commission is asked to review and recommend adoption of the Highway 55 + Jacob Avenue Small Area Plan to the City Council. Background Information: In 2024, Staff was contacted by multiple property owners that had land holdings just outside of the western limit of the City. They expressed interest in developing but wanted to know what type of developments the City wanted to see in the area. This led to Staff executing a contract with HKGi to create a concept area plan for just over 400 acres of undeveloped land surrounding Highway 55 and Jacob Avenue. This is not a plan for the City to actively seek annexation, but one that prepares the City when individual property owners decide to develop their land and request annexation. The plan was grounded in market realities through an economic analysis performed by LOCi consulting. This gives us confidence that the proposed designs have a high likelihood of success should landowners decide to develop their properties. In addition to the economic realities, the infrastructure layout was a large consideration as well. Another subcontractor, SEH, analyzed our current and future infrastructure plans to identify what capacities exist today to service development needs and what would need to be done to “unlock” the development potential of the entire study area. Using the economic and infrastructure analyses as a foundation, HKGi was able to use those to put together a draft layout of proposed land uses in the area. After two workshop sessions with Planning Commission and City Council, the draft plan was then made available for comment by the public by means of an interactive website that collected feedback. These comments were reviewed and synthesized and are available in the report. The final proposed design envisions an extension of the Commercial corridor along Highway 55 with a small Mixed-Use area and flex Employment area interspersed. Surrounding the Commercial areas are a mix of housing uses of varying densities, from 堭䌭〱 single family detached to multi-family apartments. In addition, there are considerations of siting new parks and trails that link with existing systems. The estimated timeframe for the entire study area to be developed is on the scale of 25 – 30 years and is heavily dependent on the development interests of existing property owners and the availability of City utility infrastructure. Attachments: • Small Area Plan 堭䌭〱 1 ACKNOWLEDGEMENTS HWY 55+JACOB AVEGROWTH AREA PLAN City of Hastings, Minnesota March 17th, 2025 X-C-01 2 HWY 55+JACOB AVEGROWTH AREA PLAN 01 PROJECT OVERVIEW 5 Introduction 5 The Planning Process 6 Assemble the Master Plan 6 Converge on a Preferred Plan 6 Understand the Context 6 Explore Alternatives 6 Confirm Project Objectives 6 02 BACKGROUND INFORMATION 9 Existing Conditions Mapping 9 Existing Land Use 10 Future Land Use (2040 Comprehensive Plan) 11 Land Suitability 12 Infrastructure Considerations 13 Market Scan 16 Key Market Findings 17 Market Recommendations 17 Stakeholder Engagement 18 Property Owner Engagement 18 Community Engagement 19 CONTENTS 03 RECOMMENDATIONS 21 Project Concepts 21 Preferred Concept 22 Proposed Land Uses 24 Proposed Park/Trail/Open Space + Stormwater Improvements 25 Proposed Transportation 26 Sanitary Sewer Improvements 27 Watermain 28 04 IMPLEMENTATION 29 Keys to Implementation 29 Patience 29 Commitment 30 Financial Reality 30 Strategic Investments 30 Coordination Efforts 31 City of Hastings 31 Business and Property Owners 31 Planning Commission and City Council 31 Community-At-Large 31 Phasing 32 Immediate Availability 32 Next Phase 32 Long-Term Phase 32 05 APPENDIX 33 Market Analysis Presentation 33 X-C-01 3 ACKNOWLEDGEMENTS ABOUT The Highway 55 and Jacob Avenue Growth Area Plan (GAP) focuses on a portion of land west of the current City of Hastings boundary. The study area is focused around the intersection of Highway 55 and Jacob Avenue, stretching north to 140th Street East, and south past 150th Street East (near the Heritage Ridge Neighborhood). Much of the land area is undeveloped, or in larger rural residential land use with a few homesteads and small businesses. TIMELINE CITY COUNCIL • Mary Fasbender, Mayor • DawnMarie Vihrachoff • Mya Beck • Lisa Leifeld • Tim Lawrence • Angie Haus • Dave Pemble ACKNOWLEDGEMENTS CITY PLANNING STAFF • Justin Fortney, City Planner • John Hinzman, Community Development Director • Alex Menke, Economic Development Coordinator CONSULTING TEAM • SEH | Engineering • Loci Consulting | Market Scan/Analysis • HKGi | Planning and Design X-C-01 4 HWY 55+JACOB AVEGROWTH AREA PLAN X-C-01 5 PROJECT OVERVIEW PROJECT OVERVIEWINTRODUCTION The project study area encompasses approximately 400 acres, within Nininger Township; focused around the intersection of Highway 55 and Jacob Avenue, which includes several properties under different private ownerships. Much of the land area is undeveloped, or partially developed within larger rural residential land uses including a few homesteads and small businesses. X-C-01 6 HWY 55+JACOB AVEGROWTH AREA PLAN Evaluating options for land use and development patterns for the remaining parcels of land that have yet to develop Planning park/ trail/open space patterns that serve the study area and potentially areas beyond Incorporating storm water management solutions Evaluating ways of providing access to remaining parcels of land Ensuring a financially and feasible development solution UNDERSTAND THE CONTEXTDuring this phase of the project a base of common understanding including existing land use and physical conditions, planned improvements, and an understanding of historical planning for the focus area CONFIRM PROJECT OBJECTIVESThis project phase involved working to respond to both the needs and wants of all involved parties, balancing opinions and perspectives on both variable/subjective and non-variable components. Multiple staff, stakeholder, and community engagement opportunities were tailored to receive feedback. EXPLORE ALTERNATIVESThe consulting team will explore up to three alternative site plan concepts with differentiating focuses. Site plans were evaluated based on access and circulation, infrastructure needs, land use impacts, and financial and market feasibility. CONVERGE ON A PREFERRED PLANThe design team will work through a process to evaluate and converge on a preferred plan direction. ASSEMBLE THE MASTER PLANBased on the technical review of the alternatives and the engagement process, a master plan report was prepared for consideration by the City of Inver Grove Heights. THE PLANNING PROCESS The purpose of this plan is to help the City understand development implications and outline a feasible development plan for the project area. The City aims to balance property owner desires with a strategic growth planning approach utilizing the information compiled and analyzed throughout the project. Key elements involved in this study included expanding on previous planning efforts such as the People Movement Plan (2021), 2040 Comprehensive Plan, and the current Zoning Ordinance. A market analysis and community engagement were facilitated throughout the process to inform the study that led to the creation of development concepts and final recommendations for the project area. X-C-01 7 PROJECT OVERVIEW Figure 1.1 People Movement Plan Network Graphic X-C-01 8 HWY 55+JACOB AVEGROWTH AREA PLAN X-C-01 9 BACKGROUND INFORMATION BACKGROUND INFORMATIONEXISTING CONDITIONS MAPPING This particular area was selected because of policy guidance from the 2040 Comprehensive Plan to understand where and how much land might be needed for future growth. Highway 55 and Jacob Ave are the main western corridors into the City and the planning process includes market analysis and preparing concept designs to supplement the guidance of the comprehensive plan. The study and preparation of this growth area plan is important to ensure the following: • Focus on growth opportunities toward the west and south to reduce pressure on the sensitive resources on the eastern side of the community. • Carefully plan for contiguous properties on the western fringe of the City perimeter within the major roadway corridors. • Plan for and confine urban growth over the 2018-2040 time period to the area just west of Jacob Avenue on the west, just north of 170th Street on the south. • Solidify the City’s rational and position on land use and urban design to build consensus and guide land owners and developers. • Grow by investing in carefully planned areas by providing attractive public amenities and protecting environmental resources. Figure 2.1 Site Boundary Map X-C-01 10 HWY 55+JACOB AVEGROWTH AREA PLAN 0 0.25 0.50.13 Miles Legend Study Area Hastings City Limits Existing Land Use Agriculture Agriculture Preserve Agriculture Green Acres Residential Commercial Commercial - Preferred Institutional - School Much of the land is currently zoned agricultural, which supports large areas of land dedicated to farming and homesteads. The three main agricultural land use categories listed: Agriculture, Agriculture Green Acres, and Agriculture Preservation are used to differentiate and provide tax relief for qualifying farmland. Property owners must meet specific qualifications for the Agriculture Green Acres and Agriculture Preservation programs to limit market value increases that would impact property taxes due to development pressure. With the majority of the project area currently designated to agricultural use presents a favorable “blank slate” or “green field” opportunity for potential development driven by property owner or market interests. EXISTING LAND USE Figure 2.2 Property Ownership Map X-C-01 11 BACKGROUND INFORMATION On the other hand, future land use, as established by the 2040 Comprehensive Plan, illustrates a generalized pattern envisioned for Hastings and its surrounding area. This growth area plan communicates refined desired development types, potential land uses, and identifies suitable infrastructure needs on a more detailed scale for this project area based on the future land use map. FUTURE LAND USE (2040 COMPREHENSIVE PLAN) Figure 2.3 Future Land Use Map X-C-01 12 HWY 55+JACOB AVEGROWTH AREA PLAN Analyzing the current land topography can help identify if and where there are any development constraints. The slopes (contours) throughout the project study area indicate that there is generally a consistent grade throughout many of the parcels. With the most notable grade changes located North of Highway 55. This area may be a strong potential for utility upgrades, such as a water tower, sanitary sewer treatment facility, and additional infrastructure placement. Landscape and soil data reveal no designated sensitive areas or habitats, with most land identified as upland soils- cropland, indicating minimal constraints for future development. LAND SUITABILITY Figure 2.4 Land Suitability Map X-C-01 13 BACKGROUND INFORMATION INFRASTRUCTURE CONSIDERATIONS Future development will drive increased infrastructure needs, particularly for stormwater, sanitary sewer treatment, and water services, which the City intends to monitor and maintain. An engineering analysis, provided by SEH evaluated the contours, and ensured alignment with Dakota County and MnDNR watershed maps to identify grade breaks where each type of infrastructure could be located and serve for future development. STORMWATER Potential stormwater flow directions and proposed ponding areas are highlighted at the lowest elevation points (2-3 feet). Actual BMPs and pond sizes would be determined when a formal development plan is submitted. Locations are based on pre-development low points and are for reference only. The map depicts a heat layer overlaid with contours showing elevation differences. No storm structures or pipes are included in this analysis at this time, as this is also development- dependent. Figure 2.5 Stormwater Map X-C-01 14 HWY 55+JACOB AVEGROWTH AREA PLAN Figure 2.6 Water Main Map WATER MAIN The 2040 Comprehensive Plan identifies a future water tower and looped water main, with additional pipe loops for the next contiguous 40-acre areas to be developed. The proposed water tower location is flexible but should be established within the highest contour in the area. The proposed water tower should proceed development in order to establish sufficient pressure and dire flows for the project area prior to development. There are three connections to the existing water main system which are shown at 1st Street W, 4th St W, and 15th St W on the map above. The entire study area is assumed to be part of a future high- pressure zone. X-C-01 15 BACKGROUND INFORMATION SANITARY SEWER As for sanitary sewer there are several points in the policy guidance from the 2040 Comprehensive Plan that provide the layout and routes of the main trunk lines and potential upgrades to inform this project study area. Key areas include: • Jacob Ave upgraded to a General Sieben Lift Station, continuing northeast to the treatment facility. • A small portion of the area NE of the Jacob/Highway 55 intersection may be served by extending the 4th St. W. sanitary sewer west to the ridgeline. This would be based on development type, intensity, and elevations. ?ØA@ 4TH ST W GENERAL SIEBEN DR WYN D H A M HILL DR STEEPLE LN GREYSTONERD RO S E WA Y HIGHWAY 55 15TH ST W TIERNEYDR SIE R R A DR SE T O N CT 14TH ST W SUNSETDR CARLETON DR OAKHILLDR NORTHRIDGEDR CARRIAGE HILLCT DELLRIDGECT OC O N N E L L D R SOUTH FRONTAGE RD CA R L E T O N PL 14THCTW FAL LBROOKEDR UNNAMED ST RIDGEPOIN T E D R BRANDLEWOODCT COB B LESTONE CT 150TH STE NORTH FRONTAGE RD 140TH ST E PR I N G L E C T WOODCLIFFE TRL WESTPO IN TEDR ER I C K S O N D R 13THSTW MARKET BLVD JA C O B A V E 145TH ST E 9 6 0 950 94 0 92 0 91 0 90 0 88 0 940 920 91 0 900 880 940 930 920 910 900 930 920 880 870 850 840 91 0 90 0 900 890 890 8 8 0 87 0 860 910 900 910 900 890 8 7 0 910 91 0 900 88 0 8 8 0 860 8 9 0 850 93 0 930 9 4 0 91 0 910 940 95 0 94 0 920 930 910 900 9 1 0 910 900 900 900 900 900 900 89 0 89 0 880 880 890 870870 83 0 9 0 0 Dakota County, Maxar F 0 0.25 0.50.13 Miles Legend Sanitary Districts North West West Central Sewer Manholes Lift Station Sewer Gravity Main Minor Watersheds Major Watershed StudyArea Hastings City Limits 10' Contours Proposed Sanitary Features Lift Station Manhole Proposed Sanitary Lines Gravity Main Force Main Figure 2.7 Sanitary Sewer Map • The area NW of Jacob/Highway 55, has higher elevations, therefore, using a lift station and force main to push past the intersection is recommended. An alternative route could follow low points and connect at Highway 55, west of Jacob Ave. • The area south of Highway 55 follows low points with two trunk lines collecting at the upgraded General Sieben Lift Station. ?ØA@ 4TH ST W GENERAL SIEBEN DR WYN D H A M HIL L DR STEEPLE LN GREYSTONERD RO S E WA Y HIGHWAY 55 15TH ST W TIERNEYDR SIE R R A DR SE T O N CT 14TH ST W SUNSETDR CARLETON DR OAKHILLDR NORTHRIDGEDR CARRIAGE HILLCT DELLRIDGECT OC O N N E L L D R SOUTH FRONTAGE RD CA R L E T O N PL 14THCTW FAL LBROOKEDR UNNAMED ST RIDGEPOIN T E D R BRANDLEWOODCT COB B LESTONE CT 150TH STE NORTH FRONTAGE RD 140TH ST E PR I N G L E C T WOODCLIFFE TRL WESTP O INTEDR ER I C K S O N D R 13THSTW MARKET BLVD JA C O B A V E 145TH ST E 9 6 0 950 94 0 92 0 91 0 90 0 88 0 940 920 91 0 900 880 940 930 920 910 900 930 920 880 870 850 840 91 0 90 0 900 890 890 8 8 0 87 0 860 910 900 910 900 890 8 7 0 910 91 0 900 88 0 8 8 0 860 89 0 850 93 0 930 9 4 0 91 0 910 940 95 0 94 0 920 930 910 900 9 1 0 910 900 900 900 900 900 900 89 0 89 0 880 880 890 870870 83 0 9 0 0 Dakota County, Maxar F 0 0.25 0.50.13 Miles Legend Sanitary Districts North West West Central Sewer Manholes Lift Station Sewer Gravity Main Minor Watersheds Major Watershed StudyArea Hastings City Limits 10' Contours Proposed Sanitary Features Lift Station Manhole Proposed Sanitary Lines Gravity Main Force Main X-C-01 16 HWY 55+JACOB AVEGROWTH AREA PLAN MARKET SCAN This section summarizes the findings and recommendations from the market analysis prepared by Loci Consulting. The full market analysis can be found in the document appendix. The analysis guided the growth area concept maps and land use planning by evaluating demographics, market trends, site constraints, traffic patterns, land use demands, and more. Understanding market elements and changes helps identify key trends, opportunities, and challenges for current and future economic conditions in Hastings. The primary market area (PMA) is within a 15-minute drive radius of the project area, highlighting economic activity in Hastings and nearby areas. Using Census data and stakeholder insights, projections were made to 2029. Hastings’ development progression and potential for economic opportunities are detailed in the strengths and weaknesses table below, followed by key findings and recommendations. WEAKNESSES The larger parcels could have longer development timelines Jacob Avenue is currently unpaved which could be viewed as an added expense and there is limited connectivity to County Road 46 Development areas further south and north of Highway 55 are not favorable for commercial Interchange at County Road 46 and Highway 52 is more intuitive for traffic flow than Highway 55 and Highway 52 near growth area STRENGTHS Large, vacant parcels create an open opportunity for adaptable development Highway 55 is a direct connection and gateway to Hastings and the metro Existing (unpaved) County Road 46 along Jacob Ave shows potential for future connectivity Recent housing on the edge of the city limits near growth area poses natural residential expansion Growth area could be a gateway district into Hastings Existing strong retail node along Highway 55, high school, and Dakota County Government Center poses opportunities for higher density residential development The land mass in the growth area offers opportunities for buffering along residential uses HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 11 Primary Market Area (PMA) for the HWY 55 & Jacob Ave Growth Area Cities and townships included: Hastings Nininger township Coates Douglas township Empire township Hampton Hampton township Marshan township HWY 55 + Jacob Ave Source: ESRI; Maxfield Research Inc.; LOCi Consulting LLC Miesville New Trier Ravenna township Rosemount Vermillion Vermillion township Welch township Primary Market Area X-C-01 17 BACKGROUND INFORMATION KEY MARKET FINDINGS Considering Hastings' current assets and market conditions, unveiled that accommodating for residential, commercial, and industrial uses align with market trends. RESIDENTIAL • Overall, the growth area would work well for residential development. • Absorption of single-family dwellings and townhomes has been steady, despite market swings, interest rate spikes, etc. • Developers have brought several new rental projects to the market, where absorption has been strong. RESTAURANT AND RETAIL • Retail would work well at parcels immediately adjacent to the Highway 55 and Jacob Ave intersection and related uses nearby. • Overall, the market for retail, or draw for retail development, has been slow in the Primary Market Area INDUSTRIAL • Sites closer to County Road 46 outside of the Growth Area are better candidates sites for industrial. MARKET RECOMMENDATIONS • Focus initial development on residential projects closer to but not immediately adjacent to the Highway 55 and Jacob Ave intersection and city boundaries. • Guide parcels immediately adjacent to the the Highway 55 and Jacob Ave intersection for retail development. • Look for opportunities to develop higher density residential uses closer to existing and planned commercial areas. • Improve Jacob Ave to enhance connectivity through the project area. • Understand that project area as a long-term buildout - 20+ years. • Take the opportunity to preserve and develop trail and park systems through the project area. • Expect near-term industrial demand to be maintained by planning for additional available industrial parcels in the existing business park. • Plan for long-term industrial development to occur outside of the growth area on parcels immediately adjacent to County Road 46. X-C-01 18 HWY 55+JACOB AVEGROWTH AREA PLAN STAKEHOLDER ENGAGEMENT PROPERTY OWNER ENGAGEMENT The scale of this growth area plan allows for a more focused approach on targeted stakeholders. All property owners within the project area were contacted and encouraged to participate, helping to inform them of the market impacts that feed into the land use concepts being developed for the phasing and design of the project area including roadways, utilities, traffic, and other infrastructure needs. The property ownership map helps understand property owner goals and opens a cooperative dialogue with the City. Figure 2.1 Property Ownership Map X-C-01 19 BACKGROUND INFORMATION • Mixed reactions regarding attracting businesses and expanding employment opportunities to drive job creation and economic activity. • A prominent need for affordable housing options, but concerns were raised that more mixed-use and high-density housing could disadvantage the community. There is a desire to maintain the small-town feel, with a preference for single-family homes and neighborhoods with nearby parks. • Questions and concerns were mentioned about the location of future water towers and treatment facilities, and how future development would impact water pressure issues. • An emphasis on preserving natural resources, incorporating more trail connections and maintaining the current agricultural land use to continue to allow for hunting and farming. • Suggestions for improving traffic management and road safety, as development would increase traffic. 678 Total Site Visits 553 Individual Visitors 86 Total Contributions 49 IndividualContributors Project website leading to online social map for community engagement opportunities COMMUNITY ENGAGEMENT Public engagement was also conducted to gauge community feedback on the proposed concept direction of this growth area. A public project website was created to provide background information, status updates, and mapping activities, ensuring consistent input was gathered to inform the development of the growth area plan. Key takeaways from the community engagement include: * Full list of comments can be found on the City’s project webpage X-C-01 20 HWY 55+JACOB AVEGROWTH AREA PLAN We need to attract and support businesses as they’re a primary driver of job creation, tax revenue, and overall economic activity. Without a healthy business landscape, Hastings will struggle to expand and improve its quality of life for residents. I think all of this is great! Hastings needs to expand commercially and the need for AFFORDABLE housing is a necessity! This all looks great to me! The best way to preserve our natural resources is to maintain the current land use. Landowners throughout Nininger Township are protecting our soil and water through modern agricultural practices, including both livestock and crop production. This approach also supports ample wildlife habitats across the township. Commercial and residential expansion would jeopardize these efforts. This is land that needs to stay land we need to leave Hastings alone the small town is what we love about it Why is there a commercial area being added in residential?Hastings already has a Downtown, midtown, Westview, south the town on 316, and at Highway 55 and General Sieben. Add a commercial on Highway 55 Expanding out into this area would be detrimental to the farms and wildlife in the area. Hastings is a smaller city, it does not need to expand this much into farmland. This intersection is a scary one to turn left on (55 to Jacob), especially heading as the hill partially blocks your view. Turning onto 55 People unfortunately speed along this road as well. There would need to be some sort of plan other than a stop sign for this and any potential future intersections. More parks! Consider adding a few more - even in commercial areas to boost appeal and value of the area. It provides a green space for people to relax, exercise, and socialize. Add bike trail/sidewalk from High school west on 140th, north on Jacob, bridge/tunnel under 132nd ST E (to eliminate crossing of busy road), and route to connect to the Mississippi River Regional Trail at 125th ST E/Isadore Ave. This will provide a safe route to school if the area north of 140th becomes more heavily residential. I would be interested in seeing a trail system as well in this area to connect the valley. It would allow a safe area for pedestrians, as well as encouraging tree preservation in the area. There would be potential for the trail to connect to the trail along the Vermillion river. Based on the current plan, this area will increase traffic to several quiet streets as it appears to be one of the 3 entrances into this new “neighborhood”. This is unwelcome. Preserve the small town feel of Hastings. Also, the HDR and MDR are plentiful in this town. If there is expansion that needs to happen, single family homes with decent yards will be attractive rather than more apartments and townhomes.Will Jacob Ave be paved all the way through (55 to 46)? Who will pay for this? Should keep area rural. If not, how will you make the folks that this will impact whole? Seems only input from major land owners are considered. What about those who are minor land owners? I have read that it will not be “imminent domain” but it might as well be when you take away the rural area from those who choose to live here. There was a 20 year plan at some point that had a “494”type loop for traffic heading to redwing or the island. With the significant developments happening in East Rosemount. High likely hood of increased traffic through town. Good for business, but congestion is already an issue. Either design it to accommodate through traffic. Or to discourage it as a short cut to CR46/47. I love the idea of a park here - Hastings needs more parks!This should be a through street that is paved all of the way down Jacob Ave to 46 to ease the pressure on General Sieben and Vermillion\61 through town. This will allow people going to the cities or to completely bypass downtown and residential streets. A roundabout on 46 and 55 is highly recommended at Jacob Ave. Then a bypass from 46 to 61 and 316 is needed. “Concerns“Ideas“I Like ThisComment Categories: SOCIAL MAP SNAPSHOT Below is a high-level snapshot of select comments received on the project social map. A more comprehensive list of community comments received can be found on the City’s project webpage. X-C-01 21 RECOMMENDATIONS RECOMMENDATIONSPROJECT CONCEPTS The project concepts are the staple of this growth area plan. This visual plan details the consensus of land use, infrastructure needs, public amenities, and more built from this planning process. Three concepts were developed and narrowed down to one preferred concept based on feedback from staff, stakeholders, and the community. While this preferred plan doesn’t not necessarily define the exact development patterns and specific sites that will develop in the future. It will help the city guide any decision making and potential development projects that come forward to align as closely as possible to this desired planning direction. Buffer/Stormwater (SW) X-C-01 22 HWY 55+JACOB AVEGROWTH AREA PLAN PREFERRED CONCEPT The preferred concept emphasizes incorporating mostly low-density residential development to maintain Hastings’ small town character. Commercial concentration is featured as recommended from the market analysis to be located along Highway 55 and Jacob Ave, the key thoroughfares of this project area. Minimal high-density residential areas are identified on specific sites near the commercial land uses to support the housing need and provide foot traffic for the commercial areas. While medium-density residential areas buffer both the commercial and high-density residential uses from the low-density residential areas to reduce the impact of these use intensities and maintain the area’s intended character. Some commercial areas highlight opportunities for potential mixed-use to allow flexibility for multiple land uses either horizontal or vertical to accommodate market demands. There was also intentional acknowledgement to showcase an area reserved for employment- based industrial jobs, allowing for sufficient building square footage flexibility if needed. Additionally, the concept map demonstrates areas best supported for parks, open spaces, and stormwater locations to capture the suburban-urban park feel of this growth area. This design incorporates the People Movement Plan (2021) trail connections, favored transportation routes, and offers ideas for landscape buffering, creating a well-planned and protective urban environment that reflects the community’s desires and character. Medium Density Residential (MDR) Low Density Residential (LDR) High Density Residential (HDR) Mixed Use (MU) Precedent Images Commercial (C) Vertical Mixed Use (MU)Tech/Employment X-C-01 23 RECOMMENDATIONS Figure 3.1 Preferred Concept LAND USE ACERAGE % OF TOTAL LAND AREA Low Density Residential (LDR)+/- 290 Acres 47% Medium Density Residential (MDR)+/- 55 Acres 9% High Density Residential (HDR)+/- 25 Acres 4% Commercial (C)+/- 155 Acres 25% Existing School Property +/- 7 Acres 7% Employment +/- 35 Acres 6% Utility +/- 6 Acres 1%Park (NPSA) Table 3.1 Preferred Concept Land Use Table X-C-01 24 HWY 55+JACOB AVEGROWTH AREA PLAN PROPOSED LAND USES As the market scan indicated, the predominate land use in the growth area at nearly 50% is low-density residential. Single family homes are typical within the low-density residential category of land use and are shown both north and south of Highway 55. Along the Highway 55 corridor commercial uses are identified to take advantage of the traffic and visibility form the major roadway. High density residential and medium density residential surround the commercial areas. The plan also identifies two areas for neighborhood parks south of Highway 55. Two unique opportunities are identified in the land use plan. The first is a mixed-use area in the northeast quadrant of the Highway 55 and Jacob Avenue intersection. Here vertical and or horizontally mixed residential and commercial uses would exist in a tighter, more urban, and walkable development pattern. Secondly, an area of employment is identified in the northwest quadrant of the Highway 55 and Jacob Avenue intersection. Here, there is an opportunity to develop more of a tech/flex development for employment more of a critical mass of jobs with a higher jobs per square foot. This area is a gateway to the community and the plan envisions more of a higher quality architecture for the buildings in this area. The plan also suggests that areas in the quadrant may have the ability to flex between commercial and employment uses based on market conditions. City ofHastings JA C O B A V E JA C O B A V E 140TH STREET E140TH STREET E HASTINGS TRLHASTINGS TRL JA C O B A V E JA C O B A V E W 8TH STW 8TH ST55555555 S FRONTAGE RDS FRONTAGE RD 150TH S E150TH S E NOR T H R I D G E D R NOR T H R I D G E D R 4TH ST W4TH ST W 150TH S E150TH S E Low Density Residential (LDR) LEGEND Medium Density Residential (MDR) High Density Residential (HDR) Mixed Use (MU) Commercial/Retail (C) Stormwater (SW) Neighborhood ParkSearch Area (NPSA) Tree Preservation onSlopes School Property Study Area Boundary Commercial/Employment Employment Figure 3.2 Land Use Diagram Precedent Images Tech/Employment Commercial (C) X-C-01 25 RECOMMENDATIONS Figure 3.3 Parks, Trails, Open Space + Stormwater Diagram PROPOSED PARK/TRAIL/OPEN SPACE + STORMWATER IMPROVEMENTS The network of parks trails and opens spaces for the growth area are highlighted above. Two neighborhood parks are planned south of Highway 55 to support the surrounding development. Additionally, a small neighborhood green is envisioned to provide opens space needs for the mixed-use area in the NW quadrant of Highway 55 and Jacob Avenue. The collector roadway network throughout the development provides the network of trails to connect people to parks and other destinations, as well as tie back to the Scenic Circuit trail loop throughout Hastings. On the far western edge of the growth area steeper topography exists along a broad valley. The plan envisions preservation of natural resources and vegetation along the steep slopes, integrating a multi-use trail along the lower sections of the preserve and connecting this trail to neighborhood parks and underneath of Highway 55 with a grade separated trail crossing of the busy roadway. Stormwater treatment approach responds to the existing topography on the site and seeks to balance development phasing with an incremental approach to stormwater ponds. The plan shows approximate locations for stormwater treatment based on property ownership, planned roadways, and anticipated land uses. Greenway Connections with Stormwater Treatment Neighborhood Park While the study area doesn’t have a regional, state, or greenway trail in direct proximity, the City of Hastings has a number of them within and surrounding its boundaries that pose a unique opportunity for future connections. The City’s 10-mile Scenic Loop (established in the City of Hasting’s People Movement Plan) is close to the project site, and links up with many of these other trail systems. X-C-01 26 HWY 55+JACOB AVEGROWTH AREA PLAN PROPOSED TRANSPORTATION Highway 55 Highway 55 is a state highway with jurisdictional control by MNDOT. The plan anticipates a full movement access intersection at Highway 55 and Jacob Avenue as well as ¾ access intersections approximately ¼ mile east and west of Jacob Avenue. These ¾ access points allow for controlled left turns into commercial development but prohibit left turn movements out of the development areas for safety reasons. The 3/4 access movements are desired, but are pending MNDOT approval. Additionally, the plan anticipates the extension of the 4-lane section of Highway 55 near General Seiben Drive to extend further west as development occurs in this area over time. Jacob Avenue Jacob Avenue plays an important role both local and regional transportation patterns. Regionally, this north/south corridor connects Highway 55 to County Road 46 to the south, and overtime will help alleviate traffic on General Sieben Drive. The section above illustrates how this roadway would be designed to accommodate the traffic volumes, provide left turn lanes and landscape medians, and include multi-use trails and sidewalks for cyclists and pedestrians. 16’ Driving Lane & Shoulder10’ Sidewalk 20’ Median/Turn Lane ROW 95 -100’ 10’ Blvd 10’ Blvd 10’ Sidewalk16’ Driving Lane & Shoulder Figure 3.5 Jacob Ave Section JA C O B A V E JA C O B A V E 140TH STREET E140TH STREET E HASTINGS TRLHASTINGS TRL JA C O B A V E JA C O B A V E W 8TH STW 8TH ST5555 S FRONTAGE RDS FRONTAGE RD 150TH S E150TH S E NOR T H R I D G E D R NOR T H R I D G E D R 150TH S E150TH S E 4TH ST W4TH ST W 5555 F 3/43/4 4 Lanes 4 Lanes2 Lanes F The extension of 1st Street W. (north of the High School), 4th Street W. (south of the High School), the South Frontage Road (behind Cub Foods), 15th Street, and Northridge Drive at the very south of the growth area provide additional east/ west connections and create the framework collector roadways for the growth area. Each of these roadways would have sidewalks and multi-use trails to support multi-modal activity. Additional north/south collector sized roadways are planned to connect the ¾ intersections of Highway 55 through the commercial development area and to connect to other east/west collector roadways to create multiple circulation routes for traffic. Figure 3.4 Transportation Diagram *3/4 Access or Roundabout Access Pending MnDOT Approval X-C-01 27 RECOMMENDATIONS ?ØA@ 4TH ST W GENERALSIEBEN DR WYN D H A M HIL L DR STEEPLE LN GREYSTONERD RO S E WAY HIGHWAY 55 15TH ST W TIERNEYDR SIE R R A DR SE T O N CT 14TH ST W SUNSETDR CARLETON DR OAKHILLDR NORTHRIDGEDR CARRIAGE HILLCT DELLRIDGECT OC O N N E L L D R SOUTHFRONTAGERD CA R L E T O N PL 14THCTW FALLBROOKEDR UNNAMED ST RIDGEPOIN TE DR BRANDLEWOODCT COBBLE ST ONECT 150THSTE NORTH FRONTAGE RD 140TH ST E PR I N G L E C T WOODCLIFFETRL WESTPOINTE DR ERI C K S O N D R 13THSTW MARKET BLVD JA C O B A V E 145TH ST E 9 6 0 950 940 92 0 91 0 90 0 880 940 920 91 0 900 880 940 930 920 910 900 930 920 880870 850 840 91 0 90 0 900 890 890 8 8 0 87 0 860 910 900 910 900 890 87 0 910 910 900 88 0 88 0 860 89 0 850 93 0 930 9 4 0 91 0 910 940 95 0 94 0 920 930 910 900 91 0 910 900 900 900 900 900 900 89 0 89 0 880 880 890 870870 83 0 9 0 0 Dakota County, Maxar F 0 0.25 0.50.13 Miles Legend Sanitary Districts North West West Central Sewer Manholes Lift Station Sewer Gravity Main Minor Watersheds Major Watershed StudyArea Hastings City Limits 10' Contours Proposed Sanitary Features Lift Station Manhole Proposed Sanitary Lines Gravity Main Force Main SANITARY SEWER IMPROVEMENTSIMMEDIATE AVAILABILITY • The area identified for immediate development, as shown on the previous map, can connect to the existing sanitary sewer system in one of three areas. -Proposed connection 1 would be at the 4th Street Connection (1), at the east side of the proposed study area limits. Proposed development will need to consider downstream capacity as part of that planning effort. The proposed sanitary sewer could be extended to serve the majority of the area east of Jacob Avenue between Highway 55 and 4th St W. The intent of this connection point is to show that it is possible serve a smaller scale development area separated from the remainder of the sewershed area by the existing ridge immediately to the west. -Proposed connection 2 would be a connection at either South Frontage Road (2A) or 13th St W (2B), at the east side of the proposed study area limits. No current modeling information is available for the downstream sanitary system in this area. The proposed sanitary sewer could be extended to temporarily serve a small area east of Jacob Avenue between 150th St. E and 14th St. W, pending modeling analysis. At some point during area development and trunk sewer construction, flows would be bulkheaded and rerouted south with the trunk sewer to eliminate prolonged impacts to the 13th street sewer caused by initial development. It should be noted that this sewer is privately owned and maintained and that the comprehensive plan did not anticipate extending sewer from this area. -Proposed connection 3 would be a connection at 14th St W (3A), 15th St W (3B), or a combination of both, at the east side of the proposed study area limits. Based on existing system analysis done by WSB for the Augustine property, the downstream system has 300 REU capacity remaining downstream. The proposed sanitary sewer could be extended to serve the area east of Jacob Avenue between 150th St E and 14th St W. • The sanitary system developed during this phase would serve as the basis for the following phase of development. Figure 3.6 Sanitary Sewer Diagram NEXT PHASE • After review of existing contours and connectivity to the current sanitary system, this area is proposed to be served with a gravity sewer system. The majority of this area is separated from the downstream area by higher elevation topography. This downstream end of the system would be served by a lift station at a location similar to what is shown in the map where wastewater would be pumped to the next downstream manhole in the sanitary sewer system. LONG-TERM PHASE • The long-term phase development, as it relates to sanitary sewer, would need to be completed between the upgraded General Sieben lift station north to the first phase sanitary sewer system where flow could be switched based on planning and depth of this phase of the trunk sanitary sewer. A secondary trunk sanitary sewer would extend west and north from the upgraded General Sieben lift station (4) in order to capture flows from the remaining areas to be serviced. As noted in the 2020 Comprehensive Sanitary Sewer Plan, additional analysis is required to determine available downstream interceptor capacity needs along with any upsizing needs. ?ØA@ 4TH ST W GENERALSIEBEN DR WYN D H A M HILL DR STEEPLE LN GREYSTONERD RO S E WA Y HIGHWAY 55 15TH ST W TIERNEYDR SIE R R A DR SE T O N CT 14TH ST W SUNSETDR CARLETONDR OAKHILLDR NORTHRIDGEDR CARRIAGE HILLCT DELLRIDGECT OC O N N E L L D R SOUTHFRONTAGE RD CA R L E T O N PL 14THCTW FALL BROOKEDR UNNAMED ST RIDGEPOIN TE D R BRANDLEWOODCT COBBLESTO N E C T 150THSTE NORTH FRONTAGE RD 140TH ST E PR I N G L E C T WOODCLIFFE TRL WESTPOINTE DR ER I C K S O N D R 13THSTW MARKET BLVD JA C O B A V E 145TH ST E 9 6 0 950 94 0 92 0 91 0 90 0 88 0 940 920 91 0 900 880 940 930 920 910 900 930 920 880870 850 840 91 0 90 0 900 890 890 8 8 0 87 0 860 910 900 910 900 890 8 7 0 910 91 0 900 88 0 8 8 0 860 89 0 850 93 0 930 9 4 0 91 0 910 940 95 0 94 0 920 930 910 900 91 0 910 900 900 900 900 900 900 89 0 89 0 880 880 890 870870 83 0 9 0 0 Dakota County, Maxar F 0 0.25 0.50.13 Miles Legend Sanitary Districts North West West Central Sewer Manholes Lift Station Sewer Gravity Main Minor Watersheds Major Watershed StudyArea Hastings City Limits 10' Contours Proposed Sanitary Features Lift Station Manhole Proposed Sanitary Lines Gravity Main Force Main ?ØA@ 4TH ST W GENERALSIEBEN DR WYN D H A M HILL DR STEEPLE LN GREYSTONERD RO S E WA Y HIGHWAY 55 15TH ST W TIERNEYDR SIE R R A DR SET O N CT 14TH ST W SUNSETDR CARLETONDR OAKHILLDR NORTHRIDGEDR CARRIAGE HILLCT DELLRIDGECT OCO N N E L L D R SOUTHFRONTAGERD CA R L E T O N PL 14THCTW FALLBROOKEDR UNNAMED ST RIDGEPOINT E D R BRANDLEWOODCT COBBLESTONECT 150THSTE NORTH FRONTAGE RD 140TH ST E PR I N G L E C T WOODCLIFFE TRL WESTPO INTEDR ER I C K S O N D R 13THSTW MARKET BLVD JA C O B A V E 145TH ST E 9 6 0 950 94 0 92 0 91 0 90 0 88 0 940 920 91 0 900 880 940 930 920 910 900 930 920 880870 850 840 910 90 0 900 890 890 88 0 87 0 860 910 900 910 900 890 87 0 910 910 900 88 0 8 8 0 860 89 0 850 93 0 930 94 0 91 0 910 940 95 0 94 0 920 930 910 900 9 1 0 910 900 900 900 900 900 900 89 0 89 0 880 880 890 870870 83 0 90 0 Dakota County, Maxar F 0 0.25 0.50.13 Miles Legend Sanitary Districts North West West Central Sewer Manholes Lift Station Sewer Gravity Main Minor Watersheds Major Watershed StudyArea Hastings City Limits 10' Contours Proposed Sanitary Features Lift Station Manhole Proposed Sanitary Lines Gravity Main Force Main X-C-01 28 HWY 55+JACOB AVEGROWTH AREA PLAN WATERMAINIMMEDIATE AVAILABILITY • As shown in the figure, it is recommended that the initial water main loops are constructed as shown. It is recommended that a 0.5 MG High Zone Tower and a High Zone Booster Station precedes construction of any water main in the first phase of development. While a small portion of development may occur in the northeast quadrant of the highway 55/Jacob Ave. intersection presently, the addition of the water tower will unlock further development by supplying the necessary water pressure and fire flows. A proposed 10-inch connection is shown near the 4th St W water tower as well as at 15th St W. NEXT PHASE • Next Phase water main loops would be constructed during the next phase of development and include northern loops and 10” connection as shown in the figure.LONG-TERM PHASE • Long-term water main construction would coincide with sanitary trunk sewer construction in the remaining development areas as noted in the figure. ?ØA@ Text CONNECT TOEXISTING 10"WATER MAIN CONNECT TOEXISTING 18"WATER MAIN CONNECT TOEXISTING 10"WATER MAIN PROPOSED 0.5 MGHIGH ZONE TOWER 4TH STREETWATER TOWER FUTUREWELL #9 4TH ST W GENERALSIEBEN DR WYN D H A M HIL L DR STEEPLE LN GREYSTONE RD RO S E WA Y HIGHWAY 55 15TH ST W TIERNEYDR SIE R R A DR SE T O N CT 14TH ST W SUNSETDR CARLETON DR OAKHILLDR NORTHRIDGEDR CARRIAGE HILLCT DELLRIDGECT OC O N N E L L D R SOUTHFRONTAGE RD CA R L E T O N PL 14THCTW F ALLBROOKEDR UNNAMED ST RIDGEPOINTE DR BRA NDLEWOODCT COBBLE S TO NE CT 150THSTE NORTH FRONTAGE RD 140TH ST E PR I N G L E C T WOODCLIFFE TRL W ESTPOINTEDR ER I C K S O N D R 13THST W MARKET BLVD JA C O B A V E 145TH ST E Dakota County, Maxar F 0 0.25 0.50.13 Miles Legend Existing Water Tower Water Mains Proposed Well Proposed Water Tower Proposed Water Main Main Pressure Zone Study Area Hastings City Limits Figure 3.7 Watermain Diagram ?ØA@ Text CONNECT TOEXISTING 10"WATER MAIN CONNECT TOEXISTING 18"WATER MAIN CONNECT TOEXISTING 10"WATER MAIN PROPOSED 0.5 MGHIGH ZONE TOWER 4TH STREETWATER TOWER FUTUREWELL #9 4TH ST W GENERALSIEBEN DR WYN D H A M HIL L DR STEEPLE LN GREYSTONERD RO S E WA Y HIGHWAY 55 15TH ST W TIERNEYDR SI E R R A DR SE T O N CT 14TH ST W SUNSETDR CARLETON DR OAKHILLDR NORTHRIDGEDR CARRIAGE HILLCT DELLRIDGECT OC O N N E L L D R SOUTHFRONTAGE RD CA R L E T O N PL 14THCTW FALLBROOKE DR UNNAMED ST RIDGEPOINTE DR BRANDLEWOODCT COBB LESTONE CT 150TH STE NORTH FRONTAGE RD 140TH ST E PR I N G L E C T WOODCLIFFE TR L WES T POINTEDR ER I C K S O N D R 13TH STW MARKET BLVD JA C O B A V E 145TH ST E Dakota County, Maxar F 0 0.25 0.50.13 Miles Legend Existing Water Tower Water Mains Proposed Well Proposed Water Tower Proposed Water Main Main Pressure Zone Study Area Hastings City Limits X-C-01 29 IMPLEMENTATION IMPLEMENTATIONKEYS TO IMPLEMENTATION Successfully realizing the vision for this growth area plan involves several key factors, regardless of any of the property development timeline or form it will likely span many years to decades. This plan will likely need updates or decision making should adjust to changes in market conditions, consumer preferences, land ownership, and broader community goals. However, it is crucial to outline the vision from short-term opportunities that could compromise the long-term goals. With the planning outlined in this growth area plan, consistent policy implementation of previous planning efforts, and commitment to the vision, future development will naturally reach successes. This section provides an overview of the roles, actions, and investments required to achieve the full build-out of the growth area. PATIENCE Transformation of the Highway 55 + Jacob Avenue Growth Area Plan will not be implemented overnight. The time-frame for implementation reflects its evolutionary nature, looking forward over a period of years. The desired change often requires the patience to wait for the right things to happen, rather than making changes simply to be seen as doing something. X-C-01 30 HWY 55+JACOB AVEGROWTH AREA PLAN COMMITMENT Commitment to the growth area and patience go hand-in-hand. This study does more Than simply seek to attract new development to shovel ready sites in the City of Hastings, it provides a road map to enhance the entire growth area. Commitment to the Growth Area Plan means the willingness to actively promote public and private investments that align with the objectives of the study. It also requires the willingness by decision makers to deter developments which do not meet the objectives of the Growth Area Plan. Not all of these decisions will be easy or will they occur exactly as analyzed in this document. FINANCIAL REALITY Implementing the Growth Area Plan requires careful investment of public funds, but the private side of the financial equation must not be overlooked. New development and existing businesses will pay for their portion of the improvements called for in the plan. The Growth Area Plan seeks to balance the investment in public initiatives with the creation of a financial environment that sustains successful businesses and strong neighborhoods. STRATEGIC INVESTMENTS If financial support for the plan was unlimited, the need for strategic decisions would be less important. With limited funds, every expenditure is crucial. It is not possible to immediately undertake all of the initiatives described in the Growth Area Plan. Needs and opportunities not contemplated in the plan may arise in the future. Every investment must be evaluated for its impact on enhancing the overall growth area. X-C-01 31 IMPLEMENTATION BUSINESS AND PROPERTY OWNERS While the City influences the physical setting, the HWY 55 + Jacob Ave Growth Area Plan will become a place for commercial, employment, and mixed residential uses. Property owners interested in development will determine the type of retail, employment, and residential developments that meet the land use guidance provided in the growth area plan. Property owners will decide how to approach development of their property and carry forward their proposal to the City of Hastings. CITY OF HASTINGS The ultimate responsibility for implementing the recommendations of Growth Area Plan rests with the City of Hastings. The Planning Commission and City Council will provide direction on staff resources, review proposed development projects, and approve public investments. Responsibility for managing on-going development in the growth area will primarily fall on the Planning, Engineering, and Parks and Recreation Departments. COORDINATION EFFORTS While the City’ initiated this plan and its primary goal is to ensure this plan is properly implemented it should not be the sole responsibility of the City. There are many other authorities and resources that will need to be involved to undertake the actions prescribed in the plan. Achieving this will require ongoing collaboration of both public and private stakeholders including: PLANNING COMMISSION AND CITY COUNCIL The Planning Commission has the lead responsibility for evaluating the application of land use controls needed to implement the growth area plan. The Planning Commission advises the City Council on issues involving the establishment of and compliance with the Comprehensive Plan and the zoning, subdivision, shoreland, tree preservation, and sign ordinances. The Planning Commission also reviews residential, commercial, and industrial development proposals and makes recommendations to the City Council according to the goals and objectives of the Comprehensive Plan. COMMUNITY-AT-LARGE The community of Hastings must stay involved as development continues over time. The community must work together with decision-makers and provide the necessary input on any new development proposals. The community should provide comment on whether the proposed project meets the vision set forth in the growth area plans while respecting existing land owners’ desires. Ultimately, the community must: • Provide a singular focus for the plan. The knowledge gained from the planning process will allow members of the community to comment on development proposals efficiently and effectively. • Continue public involvement. Continue to attend public meetings, or provide comments and suggestions to proposals as they come forward. The City Council sets the foundation for implementing the growth area plan consistent with the overall mission of the City. While other bodies play key roles in the implementation process, important development powers reside with the City Council. Among the powers that may be needed to undertake public initiatives in the growth area are: • Allocate money in the annual budget to capital improvements. • Approve the establishment of potential tax increment financing (TIF) districts. • Levy of special assessments for public improvements. • Issuance of general obligation bonds to finance development and improvement projects. X-C-01 32 HWY 55+JACOB AVEGROWTH AREA PLAN PHASING The ultimate phasing of development in this area will be dependent on a variety of factors based on the specific geographic location that development is projected to happen in the near term and a number of infrastructure improvements that will need to be made in this area to allow development to occur. Individual projects will have their own lateral infrastructure improvements such as local roads, water, sanitary sewer and storm sewer systems. ?ØA@ CONNECTION 1 CONNECTION 2A CONNECTION 2B CONNECTION 3A CONNECTION 3B 4TH ST W GENERALSIEBENDR TIERNEY DR WYN D H A M HIL L DR STEEPLE LN GREYSTONERD ROSE WAY HIGHWAY 55 15TH ST W SIERR A DR CARLETONDR OAKHILLDR NORTHRIDGEDR CARRIAGE HILLCT DELLRIDGECT SOUTHFRONTAGERD CA R L E T O N PL 14THCTW FALLBROOKEDR UNNAMED ST RIDGEPOIN TE D R BRANDLEWOODCT COBB LE STONE CT 150TH STE NORTH FRONTAGE RD 140TH ST E PR I N G L E C T WOODCLIFFE TRL WEST POINTEDR ER I C K S O N D R JA C O B A V E 145TH ST E 9 6 0 950 94 0 92 0 91 0 90 0 880 940 920 91 0 900 880 940 930 920 910 900 930 920 880 870 850 840 910 900 900 890 890 8 8 0 87 0 860 910 900 910 900 890 8 7 0 910 910 900 88 0 880 89 0 850 93 0 930 9 4 0 91 0 910 940 95 0 94 0 920 930 910 900 9 1 0 910 900 900 900 900 900 900 89 0 89 0 880 880 890 870870 83 0 9 0 0 Dakota County, Maxar F 0 0.25 0.50.13 Miles Legend Sanitary Districts North West West Central Sewer_Manholes Lift Station Sewer Gravity Main Sewer_Force_Main Minor Watersheds Major Watershed StudyArea Hastings City Limits 10' Contours Proposed Sanitary Features Lift Station - Next Phase Lift Station - Long-Term Phase Manhole - Immediate Availability Manhole - Next Phase Manhole - Long-Term Phase Proposed Force Main - NextPhase Proposed Force Main - Long-Term Phase Proposed Gravity Main -Immediate Availability Proposed Gravity Main - NextPhase Gravity Main - Long-Term Phase Immediate Availability Long Term Phase Next Phase IMMEDIATE AVAILABILITY • Commercial/Mixed Use area north of Hwy. 55 • Some Commercial and up to approximately 300 units of residential south of Hwy. 55 NEXT PHASE • Sanitary sewer upgrade is needed along with extension of trunk sewer to the north from the southern boundary of the St. Elizabeth Ann Seton Catholic Church site as well as a lift station to General Sieben Drive. This will open up a larger portion of the southern half of the growth area LONG-TERM PHASE • Sanitary sewer lift station and force main on the north side of Hwy. 55 will be needed to pump back to the previous phase • Additional Water Tower needed with development in this area Figure 4.1 Phasing Diagram ?ØA@ CONNECTION 1 CONNECTION 2A CONNECTION 2B CONNECTION 3A CONNECTION 3B 4TH ST W GENERALSIEBEN DR TIERNEY DR WYN D H A M HILL DR STEEPLE LN GREYSTONERD ROSE WAY HIGHWAY 55 15TH ST W SIERRADR CARLETONDR OAKHILLDR NORTHRIDGEDR CARRIAGE HILLCT DELLRIDGECT SOUTHFRONTAGERD CA R L E T O N PL 14THCTW FAL LBROOKEDR UNNAMED ST RIDGEPOIN T E D R BRANDLEWOODCT COBBLEST O N E C T 150TH STE NORTH FRONTAGE RD 140TH ST E PR I N G L E C T WOODCLIFFE TRL WESTPOINTEDR ER I C K S O N D R JA C O B A V E 145TH ST E 9 6 0 950 94 0 92 0 91 0 90 0 88 0 940 920 91 0 900 880 940 930 920 910 900 930 920 880870 850 840 91 0 90 0 900 890 890 88 0 87 0 860 910 900 910 900 890 87 0 910 91 0 900 88 0 880 89 0 850 93 0 930 9 4 0 91 0 910 940 95 0 94 0 920 930 910 900 9 1 0 910 900 900 900 900 900 90 0 89 0 89 0 880 880 890 870870 83 0 9 0 0 Dakota County, Maxar F 0 0.25 0.50.13 Miles Legend Sanitary Districts North West West Central Sewer_Manholes Lift Station Sewer Gravity Main Sewer_Force_Main Minor Watersheds Major Watershed StudyArea Hastings City Limits 10' Contours Proposed Sanitary Features Lift Station - Next Phase Lift Station - Long-Term Phase Manhole - Immediate Availability Manhole - Next Phase Manhole - Long-Term Phase Proposed Force Main - NextPhase Proposed Force Main - Long-Term Phase Proposed Gravity Main -Immediate Availability Proposed Gravity Main - NextPhase Gravity Main - Long-Term Phase Immediate Availability Long Term Phase Next Phase X-C-01 33 IMPLEMENTATION APPENDIXMARKET ANALYSIS PRESENTATION Market Analysis for theHWY 55 + Jacob Ave Growth Area Plan Prepared for HKGi and the City of Hastings September 4, 2024 HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGiand the City of HastingsSeptember 4, 2024 2 Key Findings and Recommendations X-C-01 34 HWY 55+JACOB AVEGROWTH AREA PLAN HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 3 Key Findings and Recommendations from the Market Analysis Focus initial development on residential projects closer to but not immediately adjacent to the Highway 55 and Jacob Ave intersection Set aside parcels immediately adjacent to the intersection for retail development Look for opportunities to develop higher density residential uses nearer to existing and planned commercial areas Improve Jacob Ave to enhance connectivity through the site Plan for long-term buildout of area—20+ years Take opportunity to develop trail and park system through the area Expect near-term industrial demand to be satisfied by available industrial parcels in the existing business park Plan for long-term industrial development to occur outside of the Growth Area on parcels immediately adjacent to County Road 46 Recommendations Residential Overall, the site would work well for residential development Absorption of single-family/townhomes has been steady, despite market swings, interest rate spikes, etc. Developers have brought several new rental projects to the market, but absorption has been strong Restaurant and Retail Retail would work well at parcels immediately adjacent to the Highway 55 and Jacob Ave intersection Retail absorption has been slow in the PMA Industrial Sites closer to County Road 46 outside of the Growth Area are better candidates for industrial Key Findings HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 4 Demand Estimates for HWY 55 + Jacob Ave Growth Area Density 2025-2030 2030-2040 Single-Family Homes 3.0 units per acre 140 – 150 units47.0 – 50.0 acres 170 – 180 units57.0 – 60.0 acres Townhomes and Twinhomes 12.0 units per acre 60 – 70 units 5.0 – 6.0 acres 75 – 85 units 6.3 – 7.0 acres Apartments 25.0 units per acre 140 – 150 units 5.6 – 6.0 acres 170 – 180 units 6.8 – 7.2 acres Restaurant and Retail 10,000 sq. ft. per acre 15,000 – 20,000 sq. ft. 1.5 – 2.0 acres 18,000 – 24,000 sq. ft. 1.8 – 2.4 acres X-C-01 35 IMPLEMENTATION HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 5 Market Analysis for HWY 55 + Jacob Ave Growth Plan HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 6 Market Analysis for HWY 55 + Jacob Ave Growth Area Plan Purpose Provide market analytics to guide HWY 55 + Jacob Ave Growth Area Plan Market Analysis Single-family homes Townhomes and twinhomes Multifamily apartment buildings Restaurant and retail space Industrial and office X-C-01 36 HWY 55+JACOB AVEGROWTH AREA PLAN HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 7 HWY 55 + Jacob Ave Area Defined The red boundary marks the study area on the edge of the city of Hastings HWY 55 + Jacob Ave Growth Area HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 8 Site Analysis: Traffic Counts in and near HWY 55 + Jacob Ave Area Highway 55, east of the HWY 55 + Jacob Ave Area: 14,900 vehicles per day Highway 55, east of the HWY 55 + Jacob Ave Area: 12,200 vehicles per day Source: ESRI; LOCi Consulting LLC X-C-01 37 IMPLEMENTATION HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 9 Site Analysis: HWY 55 + Jacob Ave Growth Area Strengths Large, vacant parcels create open opportunity for development Highway 55 provides excellent connectivity to Minneapolis and southeastern suburbs Existing (unpaved) connectivity to County Road 46 along Jacob Ave. New housing growth already on the edge of the development Could be gateway district to Hastings Close to strong retail node along Highway 55, and high school and Dakota County Government Center Deeper development creates buffered opportunities for residential Weaknesses Size means longer development timeline Jacob Avenue is currently unpaved–connectivity to County Road 46 is limited Deeper areas of development south and north of Highway 55 are not good for commercial Interchange at County Road 46 and Highway 52 is more intuitive than Highway 55 and Highway 52 HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 10 Drive-Time Rings around HWY 55 + Jacob Ave Area Primary Market Area (PMA) is generally defined using a 15-minute drive time For residential demand, it is assumed that 10% of demand would come from outside of the PMA For retail demand, it is estimated that 20% of retail spend generated within the PMA is lost to retailers outside of the PMA (often called “leakage”) HWY 55 + Jacob Ave Source: ESRI; LOCi Consulting LLC X-C-01 38 HWY 55+JACOB AVEGROWTH AREA PLAN HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 11 Primary Market Area (PMA) for the HWY 55 & Jacob Ave Growth Area Cities and townships included: Hastings Nininger township Coates Douglas township Empire township Hampton Hampton township Marshan township HWY 55 + Jacob Ave Source: ESRI; Maxfield Research Inc.; LOCi Consulting LLC Miesville New Trier Ravenna township Rosemount Vermillion Vermillion township Welch township HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 12 Demographics: Population and Population Growth The population of the PMA is about 64,000 in 2024 The city of Hastings population is about 22,000 The population growth rate of the PMA overall is higher than city of Hastings, the Metro Area, and the state 1 Population and Population Growth Census Census Estimate Forecast 2010 2020 2024 2029 2010-2024 2024-2029 Trade Area 55,912 60,578 63,608 68,380 0.9%1.5% Drive Time Ring Areas 5-Minute Drive Time 10,900 10,605 10,620 10,544 -0.2%-0.1% 10-Minute Drive Time 23,668 23,685 24,030 24,821 0.1%0.6% 15-Minute Drive Time 52,228 56,066 58,674 61,994 0.8%1.1% Comparison Areas City of Hastings 22,176 22,154 22,477 23,149 0.1%0.6%Dakota County 398,552 439,882 453,908 466,612 0.9%0.6%Twin Cities Metro Area 3,333,633 3,690,261 3,790,663 3,894,503 0.9%0.5%United States 308,745,538 331,449,281 338,440,954 344,873,411 0.7%0.4% * Twin Cities Metro Area is Minneapolis-St. Paul-Bloomington CBSA.. Source: US Census Bureau; ESRI; LOCi Consulting LLC Annual Growth Rate X-C-01 39 IMPLEMENTATION HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 13 Demographics: Households and Household Growth The PMA has about 24,000 households in 2023 The PMA is projected to add about 1,700 new households Based on the drive-time rings, higher growth is projected in areas of the PMA farther from the site 2 Households and Household Growth Census Census Estimate Forecast 2010 2020 2024 2029 2010-2024 2024-2029 Trade Area 20,511 22,617 23,626 25,356 1.0%1.4% Drive Time Ring Areas 5-Minute Drive Time 4,410 4,495 4,484 4,470 0.1%-0.1% 10-Minute Drive Time 9,284 9,653 9,780 10,126 0.4%0.7% 15-Minute Drive Time 19,945 21,706 22,519 23,747 0.9%1.1% Comparison Areas City of Hastings 8,737 9,129 9,260 9,584 0.4%0.7% Dakota County 152,060 168,008 173,920 179,637 1.0%0.6%Twin Cities Metro Area 1,293,601 1,434,315 1,479,626 1,530,379 1.0%0.7%United States 116,716,292 126,817,580 130,716,571 134,930,577 0.8%0.6% * Twin Cities Metro Area is Minneapolis-St. Paul-Bloomington CBSA.. Source: US Census Bureau; ESRI; LOCi Consulting LLC Annual Growth Rate HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 14 Demographics: Long-Term Population, Household, and Employment Projections 3 Long-Term Population, Household, and Employment Projections Census Census Estimate Forecast2020203020402050 2020-2030 2030-2040 2040-2050 Population Primary Market Area 60,317 68,030 71,690 80,281 7,713 3,660 8,591 City of Hastings 22,154 23,567 24,655 26,523 1,413 1,088 1,868 Households Primary Market Area 22,517 25,893 27,904 31,382 3,376 2,011 3,478 City of Hastings 9,129 9,843 10,485 11,330 714 642 845 Employment Primary Market Area 16,791 21,385 23,945 28,472 4,594 2,560 4,527 City of Hastings 6,972 8,187 8,581 9,027 1,215 394 446 * Proposed Forecasts issued 8/12/2024. Source: Metropolitan Council; LOCi Consulting LLC Projected Change Metropolitan Council has preliminary estimates available for projected population, households, and employment, 2020 to 2050 Growth is projected to slow somewhat between 2030-2040 Demand forecasts account for this projected slow down X-C-01 40 HWY 55+JACOB AVEGROWTH AREA PLAN HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 15 Demographics: Consumer Expenditure 4 Consumer Spending in Retail Categories In the PMA Estimate Forecast Growth202420292024-2029 Apparel and Accessories $69,222,656 $75,136,782 $5,914,126 Electronics $50,075,747 $54,190,779 $4,115,032 Pets $29,658,589 $32,153,026 $2,494,437 Toys $5,267,924 $5,699,239 $431,315Sporting Goods $9,998,444 $10,929,136 $930,692Books$3,979,168 $4,300,033 $320,865Groceries$208,329,641 $225,591,017 $17,261,376Restaurants$116,188,807 $126,227,831 $10,039,024Liquor$18,714,001 $20,275,280 $1,561,279 Pharmacy $21,036,827 $22,712,446 $1,675,619 Furniture and Home Improvement $79,702,968 $86,507,498 $6,804,530 Household and Personal Care $42,109,235 $45,616,318 $3,507,083 Total $654,284,007 $709,339,384 $55,055,377 * Data is shown in 2024 Dollars, adjusted from ESRI projection. ESRI assumes 2.5% inflation. Source: US Census Bureau; ESRI; LOCi Consulting LLC HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 16 Demographics: Grocery and restaurants are projected to see the highest growth 5 Forecasted Growth in Consumer Spending in the PMA, 2024-2029 * Data is shown in 2024 Dollars, adjusted from ESRI projection. ESRI assumes 2.5% inflation. Source: US Census Bureau; ESRI; LOCi Consulting LLC $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 Apparel and Accessories Electronics Pets Toys Sporting Goods Books Groceries Restaurants Liquor Pharmacy Furniture and Home Improvement Household and Personal Care X-C-01 41 IMPLEMENTATION HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 17 Building Permits: Hastings is averaging 114 housing unit permits and three commercial building permits per year since 2019 6 Building Permit in the City of Hastings, 2019-2023 2019 2020 2021 2022 2023 Total Housing Units 74 21 40 228 207 Single-Family Structures 14 21 39 33 23 Townhomes and Twinhomes 0 0 0 0 2 Multifamily Units 60 0 1 195 182 Commercial Buildings 1 2 3 5 2 Source: Minnesota Department of Labor and Industry; LOCi Consulting LLC 0 50 100 150 200 250 2019 2020 2021 2022 2023 Total Housing Units Commercial Buildings HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 18 Residential Market: With rising interest rates, existing home sales have cooled slightly in Hastings, following national trends 7 Residential Real Estate Transactions in Hastings Source: Multiple Listing Service; LOCi Consulting LLC 416 425 434 406 325 2019 2020 2021 2022 2023 8 Median Sales Price of Home Sales in Hastings *2024 YTD is rolling 12-months from Julty 2024. Source: Multiple Listing Service; LOCi Consulting LLC $244,000 $260,000 $295,000 $311,150 $295,000 $330,000 2019 2020 2021 2022 2023 2024 YTD 9 Average Days on the Market for Home Sales in Hastings *2024 YTD is rolling 12-months from Julty 2024. Source: Multiple Listing Service; LOCi Consulting LLC 45 45 20 22 31 32 2019 2020 2021 2022 2023 2024 YTD X-C-01 42 HWY 55+JACOB AVEGROWTH AREA PLAN HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 19 Residential Market: Recently Marketing or Sold For-Sale Home Developments in the PMA Source: MLS, websites, interviews, LOCi Consulting LLC Development Units Square Footage Price Points Estimated Units per Acre Heritage Ridge Single-Family &Detached Townhomes2021 79 (50 sold)1,296 – 3,354 $391,900 - 584,900 3.0 (26.6-acre development) Villas at Pleasant Detached Townhomes 2021 32 (25 Sold)1,418 - 2,832 $500,000+3.2 (9.9-acre development) HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 20 Residential Market: New rental product developed in the market has pushed the vacancy rate up, but rents are still seeing growth 10 Vacancy Rates for Market-Rate Rental Housing in the PMA * Data is Q1 2018 to Q2 2024 Source: CoStar; LOCi Consulting LLC 11 Average Rent for Market-Rate Rental in the PMA * Data is Q1 2018 to Q2 2024 Source: CoStar; LOCi Consulting LLC X-C-01 43 IMPLEMENTATION HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 21 Residential Market: The PMA has seen an average rental unit absorption of about 60 units per year since 2018 12 Annual Aborption of Units for Market-Rate Rental in the PMA * Data is Q1 2018 to Q2 2024 Source: CoStar; LOCi Consulting LLC HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 22 Residential Market: Recently Constructed Rental in the PMA—Since 2019 Source: Websites, interviews, Costar, LOCi Consulting LLC Development Units Vacancies Square Footages Rents Estimated Units per Acre Current 33325 33rd St W 2024 216 16 530 - 1,195 $1,230 - 2,248 20.0(10.8-acre development) Isabelle Flats Apartments 412 3rd St. E. 2024 89 25 555 - 1,114 $1,177 - 2,035 27.8(3.2-acre development) Vermillion Shores II 950 31st St. W.2020 60 0 750 - 1,157 $995 - 1,495 10.9 (5.48-acre development) Voyager Estates2400 Voyageur Parkway2019 88 4 973 – 1,285 $946 - $2,000 18.6(4.74-acre development) X-C-01 44 HWY 55+JACOB AVEGROWTH AREA PLAN HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 23 Retail Market: Vacancy rates for retail are generally higher than the Metro Area (6.3% vs. 2.5%) and absorption over the last 10 years has been relatively flat 14 Average Lease and Vacancy Rates for Retail Space in the PMA * Data is Q1 2018 to Q2 2024. Rents are average for NNN leases. Source: CoStar; LOCi Consulting LLC 15 Net 12-Month Absorption for Retail Space in the PMA * Data is Q1 2018 to Q2 2024 Source: CoStar; LOCi Consulting LLC Restaurants and Retail Businesses in the Hastings Area HWY 55 + Jacob Ave Growth Area X-C-01 45 IMPLEMENTATION HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 25 Retail Market: New Retail Constructed in Hastings since 2014 Development Year Built Square Footage Acreage Floor Area Ratio 1726 Vermillion St – Kentucky Fried Chicken 2023 2,500 0.67 0.09 1217 Vermillion St—Jersey Mike’s 2022 2,000 0.31 0.15 1465 N Frontage Rd—Aspen Dental 2018 4,513 0.64 0.16 1316 S Frontage Rd—Auto Zone 2015 6,587 1.03 0.15 1630 Vermillion St—Kwik Trip 2015 7,846 0.95 0.19 1411 Vermillion St—CVS 2014 13,225 1.77 0.17 Source: Costar, Dakota County GIS, websites, interviews, LOCi Consulting LLC HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 26 Industrial Market: Vacancy rates are very low in the PMA. Lower rents show increasing distribution uses. Absorption has averaged 18K sf per year (2014+) 16 Average Lease and Vacancy Rates for Industrial Space in the PMA * Data is Q1 2018 to Q2 2024. Includes industrial and flex space. Average rents are NNN. Source: CoStar; LOCi Consulting LLC 17 Net 12-Month Absorption for Industrial Space in the PMA * Data is Q1 2018 to Q2 2024. Includes industrial and flex space. Source: CoStar; LOCi Consulting LLC X-C-01 46 HWY 55+JACOB AVEGROWTH AREA PLAN HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 27 Industrial Market: New Industrial and Flex Constructed in the PMA since 2021 Source: Costar, Dakota County GIS, websites, interviews, LOCi Consulting LLC Development Year Built Square Footage Acreage Floor Area Ratio 3855 145th St E, Rosemount - FedEx 2024 548,000 97.05 0.13 12335 Margo Ave S, Hastings 2023 14,976 2.5 0.14 16555 Clayton Ave E, Rosemount 2023 36,728 20.39 0.04 3180 165TH St E, Rosemount 2023 28,800 10.02 0.07 523 31st St E, Hastings 2021 5,000 1.33 0.09 HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 28 Appendix: Demand Estimates X-C-01 47 IMPLEMENTATION HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for the City of HastingsSeptember 4, 2024 A.1 For-Sale Housing Demand in the Growth Area, 2024 to 2029 Households in 2024 Households in 2029 Projected growth of the market Estimated percentage that will choose new for-sale housing Units needed to meet demand from household growth in the PMA Estimated number of households that own in the PMA in 2024 Pct. that will seek new for-sale housing between 2024 and 2029 Pct. that will choose new for-sale housing Units needed to meet demand from turnover in PMA Estimated demand from outside PMA Total Demand for For-Sale Housing in the PMA Units needed in the PMA Estimated demand in the Growth Area Source: LOCi Consulting LLC Demand in the PMA by Housing Type 1 Single-Family Townhomes 70%30% 1,416 607 Demand from Outside the PMA 10% 2,022 10% 61142 10% 1. Based on distribution of MLS listed new construction sold between 2020 and 2024. Demand from For-Sale Housing Turnover in the PMA 82% 1,426 25,356 1,730 Capturable by Growth Area Demand from Household Growth in the PMA 19,479 20% 10% 394 23,626 A.2 Rental Housing Demand in the Growth Area, 2024 to 2029 Households in 2024 Households in 2029 Projected growth of the market Estimated percentage that will choose new rental housing Units needed to meet demand from household growth in the PMA Estimated number of households that rent in the PMA in 2024 Pct. that will seek new rental housing between 2024 and 2029 Pct. that will choose new for-sale housing Units needed to meet demand from turnover in PMA Estimated demand from outside PMA Total Demand for For-Sale Housing in the PMA Estimated demand in the Growth Area Source: LOCi Consulting LLC 10% 146 Capturable by Growth Area 10% 1,460 20% 1,010 Demand from Outside the PMA 304 Demand from For-Sale Housing Turnover in the PMA 10,718 47% 25,356 1,730 18% Demand from Household Growth in the PMA 23,626 HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for the City of HastingsSeptember 4, 2024 X-C-01 48 HWY 55+JACOB AVEGROWTH AREA PLAN A.3 Retail Space Demand in the Growth Area, 2024-2029 Increase in Consumer Demand in 2023 Dollars, 2023 to 2028 Percent of Consumer Demand Spent at Brick and Mortar Retail Demand from Brick-and-Mortar Retail in PMA Minus Leakage Sales to Outside of the PMA (Net of E-Commerce Sales) Equals Consumer Demand for Retail Sales in PMA Divided by Average Sales per Square Foot $450 -$550 Equals Demand for New Retail Space in PMA 68,000 -83,000 Estimated Percentage Capturable by Downtown Newport 20%-25%Equals Demand for New Retail Space in Downtown Newport 13,600 -20,750 Source: ESRI; LOCi Consulting LLC $55,055,377 20% $37,437,600 85% $46,797,000 HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for the City of HastingsSeptember 4, 2024 HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 32 Data Resources and Study Limitations The data in this preliminary market analysis are compiled from a variety of sources, including interviews with city officials, property managers, and real estate salespeople, along with secondary demographic, economic, and competitive resources. Sources are identified in the tables and figures. LOCi Consulting believes that these sources are reliable. However, there is no way to authenticate this data and information. LOCi Consulting does not guarantee the data and assumes no liability for any errors in fact, analysis, or judgement. The data in this analysis includes the most recent information available at the time of this analysis. The findings, conclusions, and recommendations in this demand analysis are based on the best judgements and analysis at the time of the study. LOCi Consulting makes no guarantees or assurances that the projections or conclusions will be realized as stated. X-C-01 49 IMPLEMENTATION HWY 55 + Jacob Ave Growth Area Plan Market AnalysisPrepared for HKGi and the City of HastingsSeptember 4, 2024 33 Contact Information: Grant Martin Principal LOCi Consulting LLC 651-888-8464 grant@lociconsult.com https://www.lociconsult.com/ Services: •Market studies •Demographic analysis •Customer segmentation •Market identification •Market sizing •Competitive analysis •Geographic Information Systems (GIS) and site selection •Data analytics Thank you! X-C-01