Now up on East Lake Street- Art in All Directions, a display of artwork by League of Longfellow Artists in Lake Street storefronts! Take a stroll down Lake Street at 36th, 39th, and 42nd Avenues and you’ll find some great artwork in the windows. Use the below flyer by LoLa artist Anita White as a guide:

And for good measure, here’s a short video by LoLa artists Bob Schmitt and Anita White describing the art display at 42nd & Lake Street in the Northwest Graphics window-front:

 

Real estate market consultant Joe Urban, Inc. has completed a market study of the East Lake Street corridor for the Longfellow Community Council. The study was made possible by a grant through the City of Minneapolis Great Streets Business District Support Program. The market study sought to identify causes of and solutions for high commercial vacancies on East Lake Street. Among the findings of the study:

  • Commercial vacancy is 14.9% for the 932,000 square feet of space along the Corridor. The greatest amount of vacancy is in the middle section, and to the contrary, there is virtually no vacancy east of 41st Avenue.
  • Our analysis of spending surplus and leakage, traffic counts and incomes, preliminarily indicates that there is overall sufficient commercial space along the corridor, and that even a reduction of commercial square footage along the corridor could be acceptable in the marketplace.
  • Our conclusions, solutions and strategies extend beyond the scope of simply awaiting a market recovery and filling commercial space. Solutions include allowing and encouraging additional residential development along the Corridor, and that some redevelopment of parcels can be residential-only. Market rate or affordable residential units would be met with market acceptance in any number of locations along the Corridor, provided the project “pencils out.” Furthermore, additional residential development adds potential customers to retailers along the Corridor.
  • Choose one section or node along the Corridor and focus attention on it. The right development can be a catalyst for additional interest from tenants or the development community.

The full report is available to view and/or download below. Do you have ideas to revitalize East Lake Street? We’d love to hear them on our Facebook page or on E-Democracy. If you have an interest in this topic and would be interested in working with other neighbors to improve the corridor, email Spencer: spencer@longfellow.org.
East Lake Street Corridor Market Study Final Report

East Lake Street Market Study (2012)
East Lake Street Market Study (2012)
East Lake Street Corridor Market Study Final Report.pdf
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