EDINA, MN - As demand for housing and healthcare assets continues to increase, Cohen Real Estate is marketing a development site located just outside the Twin Cities that is zoned for multifamily residential, senior housing, medical or retail use.

The 3.38 acre parcel is located at 6725 York Ave. South, right across from the 1.3 million square foot Southdale Mall. The Mall, which recently saw a $20 million renovation, has received municipal approval for a 232-unit, three-building luxury multifamily development located across from the development site. Cohen Real Estate President Helen Putterman is spearheading the marketing initiative for the sale of the development site on behalf of the owner. “With the Baby Boomer generation well in process, investor appetite for senior housing and healthcare-based real estate are two of the strongest niche asset classes,” Putterman says. Edina Medical Plaza, located next to the Fairview Southdale Hospital was recently approved for 102,500 SF five story medical office building, which is located within a mile of this site. “This site, located directly across from the region's biggest and most affluent population, is perfect for a developer looking to build new multifamily, medical or retail in a thriving community with municipal officials welcoming appropriate development,” Putterman adds. About 115,000 residents live within three miles of the site and an estimated 30,000 vehicles pass by daily on York Avenue South. Located 10 miles from downtown St. Paul/Minneapolis and 10 miles to Bloomington's Mall of America, Edina has been named a “Top 10” city for families by Family Circle Magazine. Based in New York, Cohen Real Estate is a full service brokerage firm specializing in investment sales, equity placement, development and advisory services for retail driven properties and shopping centers throughout the United States.