kmart superblock 2.0

NNICOLLET AVEMinneapolis Main Street

Eat Street

Study site

Nicollet Mall

OPPORTUNITYReason for Redesign

1. Proposed Trolley Line on Nicollet current situation complicates line

2. New competition for Kmart smaller format retail coming soon

3. Growing demand for land unrealized opportunity for revenue

DEMOGRAPHICSHISPANIC POPULATION

0 35% 75%

Study site

Lake Street

Nic

olle

t

N

0 0.5

souce: city-data.com

MILES

0.25

Lake Street

Nic

olle

t


N

0 0.5

MILES

0.25

Study site

0 40% 80%

DEMOGRAPHICSBLACK POPULATION

Lake Street

Nic

olle

t


N

0 0.5

MILES

0.25

0 50% 100%

Study site

DEMOGRAPHICSWHITE POPULATION

Vivo en treinta y uno

[A Kmart] compro comida, cosas por el bao,

champ, ropa.

Todo aqu.

ISABELCOOK AND SERVER

What do you shop for at Kmart?

Clothes, dish-soap,, shampoo, movies, books

Family shopping

SHUKRIMOTHER

Ive lived here for 17 years and I didnt start coming here until last

year.

Its the only one I can get to in my chair

KAYLANEIGHBOR

Hay productos o servicios para que

necesitas viajar ms lejos del barrio para encontrar?

S, los vegetales.

MARIAMADRE

We used to have a grocery store. If you

needed something you could just walk in anytime.

Since that store has closed it kills us.

PAULFATHER

ClosedSupervalu

Kmart

Grocery Store Closed2014

RETAILEXISTING

New York

OWNERSHIP EXISTING

Minneapolis

Minneapolis boughtSupervalu property

New York groupowns Kmart parcel

First step:

Construct new Kmartin existing parking lot

newKmart

PHASE INEW STORE CONSTRUCTION

PHASE ILAND SWAP I

New York

Minneapolis

After new store isoccupied,

Minneapolis tradeSupervalu for vacated

Kmart

newKmart

Minneapolis agreesto build Nicollettrolley through

Minneapolis and New York properties

PHASE IILAND / SERVICE SWAP

Kmart

In return for service, New York dedicates

multiple right-of-waysthrough property


Kmart

Rediculousrequest?


Kmart

Land currentlydedicated to parking


TransportationNo Revenue


Land requestedfor right-of-way

PublicTransportation

Fraction of spacerequired for public

transportation

Land previouslydedicated for car park

available for revinue generation


Revinue generation

PHASE II

Automotive orientation allows

for low densityonly


Revinue generation

LAND / SERVICE SWAP


PHASE II

Transit allows forgreater eeciency

of land use and higher densitydevelopment

Revinue Generation$

LAND / SERVICE SWAP


PHASE II



LAND / SERVICE SWAP

Revinue Generation$

Revinue Generation$


PHASE II



LAND / SERVICE SWAP

Revinue Generation$

Revinue Generation$Public

Transportation

PHASE II



LAND / SERVICE SWAP

Revinue Generation$

Revinue Generation$

Revinue Generation$


Dedicatedright-of-way increases

access to transit andprotability of parcel


Sole area of revenue generation:

Kmart store90,000 square feet

90k

90k


25k

30k 28k

48k 15k

32k

Current: 90,000 sqft

Proposed: 178,000 sqftper story


25k

30k 28k

48k 15k

32k

50k

60k 56k

96k 30k

64k 90k


Proposed: 356,000 sqfttwo story


25k

30k 28k

48k 15k

32k

50k

60k 56k

96k 30k

64k

75k

90k 84k

144k 45k

96k 90k


Proposed: 534,000 sqftthree story

PHASE IIIPLACE

Auto orientationrequires vehicle storage

PHASE IIIPLACE

Transit creates accessusing smaller footprintwhich allows for higher

density development

PHASE IIIPLACE

Subsequent pedestrianorientation attracts

people who spend $$$

***Establishing Place

as competitionto online retail

VISIONNICOLLET AVE

Bring kmart, trolley tofront

Establish Place atNicollet and Lake

VISIONFAMILY-ORIENTED DEVELOPMENT

Design streetsas a place for

people

Focus on3 bedroom units

VISIONREUSE OF STRUCTURE

Reuse vacatedkmart structure

Veggie greenhouseIndoor soccer

Small vendor stalls

VISIONNICOLLET SHARED-STREET

Reopen Nicolletto transit, walking,

kmart parking

Extend the Mallto Lake Street

Joe [email protected]

kmart superblock 2.0

Real Estate