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Creating a Retail Strategy
Commercial Revitalization 101
Rick Jacobus
Burlington Associates in
Community Development
LISC Urban Forum, November 8, 2006
Buckeye Road
Cleveland, OH
Buckeye Road
๏‚จ Historic Hungarian Neighborhood
๏‚จ Now mostly African American
โ€“21 Blocks of
struggling retail
โ€“Vacancy around 30%
โ€“Concerns about
crime and vacant
properties
Weizer Building
๏‚จ Buckeye Area Development Corporation
purchased vacant building in 1999
๏‚จ 14, 979 square foot, three-story building
๏‚จ Historic Bank Building
๏‚จ Now a source of blight
Activity
Based on what little you know about this
neighborhood, what kind of businesses
that might be attracted to this
development project?
Buckeye Road
BADC bought 11 buildings in
the center of the commercial
district
Weizer Building
Weizer Building
๏‚จ Entire building leased
to childrenโ€™s services
agency
๏‚จ 10 year lease at
asking rent
๏‚จ Completed renovation
๏‚จ No retail
Re$tore Buckeye Initiative
๏ด Established as Buckeye Main Street
๏ด Comprehensive effort to improve commercial
corridor
๏ด Soul of Buckeye Festival
๏ด Faรงade Improvements
๏ด Promotion
๏ด Leasing Assistance to
property owners
๏ด Safety Patrols
๏ด Security Cameras
Core Area Development
Strategy
๏‚จ Revise Zoning to concentrate retail activity
๏‚จ Designate unique nodes
- The Strip
Auto-oriented Retail
- Performance Row
Pedestrian oriented Art
and Culture
- The Commons
Higher Density Housing
The Strip
Childrenโ€™s Village
Performance Row
Performance Row
๏‚จ Renovate Moreland Theater
โ€ข 800 Seat Theater
โ€ข $5 million renovation needed
โ€ข Create venue for Jazz and other performance
๏‚จ Attract sit down restaurants into
surrounding buildings (many already
owned by BADC)
๏‚จ Encourage other arts and culture uses
Artisan Square
Changing Focus
๏‚จ Summer of Soul
- Arterial โ€“ Buckeye Arts Festival
- All That Jazz
- Book Fair
๏‚จ Public Art Initiative
โ€“ Install outdoor art wherever possible
โ€“ โ€œArtisticโ€ signs for parking lots
๏‚จ Bus stop/mini park
โ€“ Relocate major bus stop (in front of theater)
โ€“ Install Public Art
Re$tore Buckeye
Results
๏‚จ Reduced Retail Vacancies from
> 30% to ~ 10%
๏‚จ Attracted many businesses
โ€“ 2 bank branches
โ€“ Internet cafe
๏‚จ Purchased and renovated 11 commercial
buildings
๏‚จ Soul of Buckeye Festival draws 10,000 visitors
Rick Jacobus
538 Chetwood St.
Oakland, CA 94610
510-653-2995
Rick@Rjacobus.com
www.rjacobus.com
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Creating a Neighborhood Retail Strategy

  • 1. Creating a Retail Strategy Commercial Revitalization 101 Rick Jacobus Burlington Associates in Community Development LISC Urban Forum, November 8, 2006
  • 3. Buckeye Road ๏‚จ Historic Hungarian Neighborhood ๏‚จ Now mostly African American โ€“21 Blocks of struggling retail โ€“Vacancy around 30% โ€“Concerns about crime and vacant properties
  • 4. Weizer Building ๏‚จ Buckeye Area Development Corporation purchased vacant building in 1999 ๏‚จ 14, 979 square foot, three-story building ๏‚จ Historic Bank Building ๏‚จ Now a source of blight
  • 5. Activity Based on what little you know about this neighborhood, what kind of businesses that might be attracted to this development project?
  • 6. Buckeye Road BADC bought 11 buildings in the center of the commercial district
  • 8. Weizer Building ๏‚จ Entire building leased to childrenโ€™s services agency ๏‚จ 10 year lease at asking rent ๏‚จ Completed renovation ๏‚จ No retail
  • 9. Re$tore Buckeye Initiative ๏ด Established as Buckeye Main Street ๏ด Comprehensive effort to improve commercial corridor ๏ด Soul of Buckeye Festival ๏ด Faรงade Improvements ๏ด Promotion ๏ด Leasing Assistance to property owners ๏ด Safety Patrols ๏ด Security Cameras
  • 10. Core Area Development Strategy ๏‚จ Revise Zoning to concentrate retail activity ๏‚จ Designate unique nodes - The Strip Auto-oriented Retail - Performance Row Pedestrian oriented Art and Culture - The Commons Higher Density Housing
  • 11.
  • 15. Performance Row ๏‚จ Renovate Moreland Theater โ€ข 800 Seat Theater โ€ข $5 million renovation needed โ€ข Create venue for Jazz and other performance ๏‚จ Attract sit down restaurants into surrounding buildings (many already owned by BADC) ๏‚จ Encourage other arts and culture uses
  • 17. Changing Focus ๏‚จ Summer of Soul - Arterial โ€“ Buckeye Arts Festival - All That Jazz - Book Fair ๏‚จ Public Art Initiative โ€“ Install outdoor art wherever possible โ€“ โ€œArtisticโ€ signs for parking lots ๏‚จ Bus stop/mini park โ€“ Relocate major bus stop (in front of theater) โ€“ Install Public Art
  • 18. Re$tore Buckeye Results ๏‚จ Reduced Retail Vacancies from > 30% to ~ 10% ๏‚จ Attracted many businesses โ€“ 2 bank branches โ€“ Internet cafe ๏‚จ Purchased and renovated 11 commercial buildings ๏‚จ Soul of Buckeye Festival draws 10,000 visitors
  • 19. Rick Jacobus 538 Chetwood St. Oakland, CA 94610 510-653-2995 Rick@Rjacobus.com www.rjacobus.com Contact