2009 Retail Development Seminar

RETAIL DEVELOPMENT
Patrick Hanlon

Retail Market Analysis

Methodology
Inventory existing retail services and dollars spent
Determine Retail Trade Areas
Determine where “gaps” exist in current downtown retail services

Mapping
Current Downtown Retail Stores
Current Vacancies (opportunities)
Retail Trade Areas

Existing Retail

1st Floor Vacancy

Retail Opportunity

Recommendations
Retail sector-specific
Targeted to “gaps” and “opportunity” areas
City Specific Retail Development

Components of Great Downtowns
- Streetscape
- Retail
- Public Spaces

Streetscape

Great Streets = Great Downtowns

Bad Streets =Bad Downtowns

Downtown Property Ownership
Façade covering removal

Great Streetscapes
Are Part of the Community
Physically comfortable & safe
Include symbols of the heritage
Are MEMORABLE

Seamless Streetscape

Borders

Safety
Inadequate lighting
Auto-dominated streets
Streets lacking trees & other amenities
No liter
Building in poor/dilapidated condition

User Friendly

Transit Friendly

Amenities

Maintenance
Community improvement districts help fund streetscape maintenance

Retail

What do Shoppers Desire?
convenience
Bargains
Retail Experience

ULI 10 Principles for rethinking the Mall

Retail mix & Location

Retail Trends

Retail Mix & Location
Ground floor retail on both sides of the street
Anchors at beginning & end of streets
Streets around ¼ mile or 5 minute walk
Critical mass of retail

Traditional Retail

One Sided Retail

Discontinuous Retail

Anchors

Washington Farmer’s market

Webb City Farmer’s Market

Grocery Stores

Furniture Stores

Developing Retail Mix
Retail
Shopping
Dining
Service
Medical
Legal
Entertainment
Live Music
Street Festivals
Art Galleries

Entrances
Storefront conditions
Open
Entrances
No set back from street

Rear Entrance

Commercial Presentation

Commercial Service

Retail Presentation

Poor Retail Presentation

Pedestrian Environment

High Quality pedestrian environment

High Quality Pedestrian Environment

Narrow Streetscape

Seasonal Lighting

Bicycle Friendly

Site Furnishings

Parking

Parking
Spaces per square foot
Continuous on street
Location
Designed for grandma
Well maintained
Well lighted
Safety

Strip Mall Know Parking

On Street Parking

Parking

Landscaped Parking Lot

parking

Parking Signage

chile
Public Spaces

Public Spaces
Central
Active borders
Flexible uses
Safety
High quality

Old Town Cape Riverfront

Sikeston Depot Commons

Silver Moon Plaza

Public Spaces
Attract Private Investment
Improve quality
Multi-purpose

Public Spaces

Implications

Lifestyle Centers
Lifestyle center “demonstrates the successful application of key smart growth principles including a mix of land uses, compact building design, creation of a walkable environment with a distinct sense of place, and involving citizen and stakeholder participation in development decisions."

Lifestyle Center
Theater to public space = .2
Brand Blvd to upscale retail = .3
Parking (green) to Specialty retail = .25

New Town, St. Charles

St. Louis Galleria Overlay
Macy’s to end of mall = .3 miles

Southlake Town Square
to parking garage .17 miles
To movie theater .25 miles
To post office .16

Southlake Town Square

Downtown Neosho
Park to park = .6 miles
Courthouse to entertainment = .1 miles
To business development = .25miles
To mixed use opportunity = .2 miles

Downtown Neosho

By the Numbers

Average Retail Sales
2006 Communities - $72
All DREAM Communities
$66

Questions

2009 Retail Development Seminar

by Stephanie Lindley on Apr 11, 2010

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2009 Retail Development Seminar — Presentation Transcript