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<br /> <br />5.Does the City Hall block have greater redevelopment potential with or without the <br />existing building structure? <br />Without <br />? <br /> <br />Without; but wouldn’t want to prematurely tear down the building <br />? <br /> <br />Without; however there is probably no immediate demand for new development <br />? <br /> <br />Value of the property may be land value less demo cost <br />? <br /> <br />Could save the parking, and consider an interim use for the building <br />? <br /> <br />Probably wouldn’t pencil out to build anything now if the building were removed; <br />? <br /> <br />would probably look at a retail use for the next ten years, then consider something with <br />greater density <br /> <br /> <br />6.From a developer’s standpoint, what is the highest and best use for the City Hall block? <br />City hall or office building with substantial mass with associated surface parking which <br />? <br /> <br />is prohibited; likely that the building would be scraped and lot left vacant; need anchor <br />tenant to take 50% of new building; probably not housing for this location <br />City hall or retail/mixed-use <br />? <br /> <br />Mixed-use to fit with fabric of downtown, ground retail and floors above with office <br />? <br /> <br />and housing <br />City hall not interesting use for street level of the entire block; half block city hall with <br />? <br /> <br />half-block other use <br />Mixed-use, possibly housing; office demand is probably five years out <br />? <br /> <br /> <br /> <br />7.If the City Hall property were to become available, would you have an interest in <br />acquiring the property? If so, would you anticipate re-using the building? <br />Would possibly be of interest to buy for parking value and sit on it <br />? <br /> <br />Yes, would look at it; like it better than Sears site; would likely demo once engineering <br />? <br /> <br />studies were reviewed <br />Strong interest, willing to invest time in doing plans; if required to keep building, <br />? <br /> <br />interest would depend on other information about building <br />Assume there would be interest for land banking; it is a civic portion of downtown <br />? <br /> <br />which makes it less attractive because of a lack of synergy, Whole Foods and other <br />such developments in area could change the civic concentration of the area <br />Yes, retail potential would be interesting; easy to run the numbers to see if would work <br />? <br /> <br />Maybe interested; it is a large site that would need to consider multiple uses or phased <br />? <br /> <br />development <br /> <br /> 3 <br />