June 27, 2012Spencer Agnew Longfellow Community Council2727 26
Avenue SouthMinneapolis, MN 55406Dear Mr. Agnew: Attached is our report assessing the market conditions and recommendations, solutions andstrategies for the East Lake Street Corridor in Minneapolis, Minnesota. We appreciate thisopportunity to provide a market analysis for this project. The East Lake Street Corridor suffers from high commercial vacancy for a variety of reasons,compounded by the recent recession and street reconstruction. We believe there are a number of strategies the Longfellow Community Council can pursue to achieve a more vibrant corridor.Specifically, the neighborhood, in conjunction with business along the Corridor must ask
what kindof corridor do we want?
A more robust corridor planning effort, the engagement of the privatedevelopment and non-profit sectors, and leveraging current demand for residential housing could allbenefit the Corridor. We thank you again for the opportunity to work on this assignment, and hope the informationproves valuable. Do not hesitate to call with any questions you have.Sincerely,Sam Newberg President Joe Urban, Inc.