PCA Retail Property Breakfast

Retail Centres to Activity Centres

Policies

Activity Centres Policy
Centre Context
Movement
Activity
Urban Form
Resource Conservation
Implementation

Activity Centres Policy
Centres are means to achieve Directions 2031
Diverse activity – not just retail
Centre boundaries
Residential targets
Centre owners can prepare their own structure plan

Developer response
Short term – uncertainty and need to adjust to new rules (RSA guidelines, Structure Plan guidelines)
Medium term – expand retail towards national averages (1.4 sqm to 1.9 sqm per capita)
Long term – transition of some pure retail business models to hybrid activity centre models

Are Perth centres unique?
Mostly single level
Some two - level centres don’t work (Karrinyup & Morley parking)
Single level centres common because land has been cheaper than development capital
High retail content
Low residential density
Poor public transport

Adapting to ‘Activity Centre’

Diversity Performance Targets Hierarchy Shop Retail Component Other floorspace (% total) Perth Capital City NA NA Strategic Metro, Secondary, District > 100,000 sqm 50% > 50,000 sqm 40% > 20,000 sqm 30% > 10,000 sqm 20% < 10,000 sqm NA Neighbourhood NA NA

Floorspace Ready-Reckoner Full copy available on www.pracsys.com.au Shop Retail sqm Other sqm Total sqm 20,000 8,571 28,571 30,000 12,857 42,857 40,000 17,143 57,132 50,000 33,333 83,333 60,000 40,000 100,000

Dwellings Hierarchy Dwellings per gross ha Dwellings Perth Capital City NA NA Strategic Metro 30 to 45 800m radius – 6,000 to 9,000 Secondary 25 to 35 400m radius – 1,300 to 1,800 District 20 to 30 400m radius – 1,000 to 1,500 Neighbourhood 15 to 25 200m radius – 200 to 300

Employment
Directions 2031- employment/population balance
Activity centres carry most of the employment burden (depending on level in hierarchy)
Most Strategic and Secondary centres need to double employment
Employment growth focused in non-retail activity

First steps
Analyse centre performance now (diversity, intensity, accessibility, employment, dwellings)
Define future centre performance and identify gaps
Talk to your local government now about centre planning process
www.pracsys.com.au

PCA Retail Property Breakfast

by Pracsys on Oct 19, 2010

Accessibility

Upload Details

Usage Rights

1 Embed 62

Statistics

PCA Retail Property Breakfast — Presentation Transcript