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Learn more about our services:
- Market Feasibility Studies
- Market Assessments
- Comprehensive Housing Studies
- Senior Housing Studies
- Affordable Housing Studies
- Commercial Analysis
- Land Use Planning
- Consulting Services
- Financial Studies
- Rental Studies
- Student Housing Studies
- Condominium Studies
- Retail Studies
- Hospitality Studies
- Highest and Best Use Studies
- Economic Impact Studies
Services : Highest and Best Use Case Studies
Best Use Case Studies
Highest and Best Use Assessment for the Cedar Grove Redevelopment Area
Ehlers and Associates, Inc./City of Eagan, MN
March 2007
Maxfield Research Inc. was recently engaged to complete an update analysis of the development potential for the Cedar Grove Redevelopment Area in Eagan, Minnesota. The updated market analysis will review and refine the potential demand for a variety of development products including multifamily residential, commercial office and retail, and hospitality. The analysis will focus on the amount of development supportable in the redevelopment area and include recommendations on the most appropriate product types, pricing achievable, development timeframe and the potential synergies that may be captured with different types of development in combination with each other.
A Market Analysis for the Proposed Harbor Development in Two Harbors, MN
Short Elliot Hendrickson
September 2006
Maxfield Research Inc. was engaged by Short Elliot Hendrickson to determine the potential demand for retail, lodging, and permanent and seasonal condominiums on a site along East Two Rivers in Tower, Minnesota. The scope of this study included an analysis of growth trends and demographic characteristics in the Lake Vermilion area, an analysis of recent home and vacation property sales trends on Lake Vermilion, a review of existing lodging developments in the area as well as comparable developments elsewhere in Minnesota, a review of existing retail in the Tower area, calculations of potential demand for retail, lodging, and condominiums in the Lake Vermilion area and the portion that can be captured by the subject property, and recommendations regarding appropriate development concepts, market positioning, unit features and amenities, pricing/lease rates, and projected absorption.
Our research and calculations found that over the next five years (2006 to 2011), the subject Site could support 75 to 110 seasonal condominiums, a 45- to 55-room hotel, about 24,000 square feet of retail space, and about a dozen permanent condominiums. Additional lodging, condominiums and retail space could be supported in a second phase of development between 2011 and 2015.
Highest and Best Use Assessment
TE Miller Development LLC
Richfield, MN
September 2006
Maxfield Research Inc. completed an analysis of the development potential for the property that is currently occupied by Crossroads Apartments, located at the intersection of 76th Street and Penn Avenue South (adjacent to the Best Buy corporate campus) in Richfield, Minnesota.
The redevelopment feasibility analysis assessed the potential demand for a variety of development including high-density multifamily residential (for-sale, senior, general upscale rental) and commercial office (including traditional and medical office) and focused on the amount of development supportable on the site including the most appropriate product types, pricing, development timeframe and the potential synergies with different types of development in combination with each other.
An Analysis of the Market Potential for Housing, Retail, and Office Uses in the Proposed East Bethel City Center
East Bethel, MN
March 2006
Our research included a review of the two potential sites for the City Center, an examination of the demographic characteristics and growth trends in the East Bethel area, and an examination of the market conditions for housing, retail, and office space. The analysis was conducted for two potential City Center sites, one at Highway 65 and Viking Boulevard and the other at Highway 65 and 221st Avenue. Based on our analysis, we found that the Highway 65 and Viking Boulevard Sites would be the most appropriate location for the proposed City Center. Overall, our calculations found demand between for about 900 to 1,100 housing units, 370,000 square feet of retail space, and 34,000 to 40,000 square feet of office space through 2015.
