New Life to Old Developments Practitioners’  Perspectives <ul><li>IEDC Annual Conference </li></ul><ul><li>September 28, 2...
Agenda <ul><li>Brett Doney - Great Falls Development (public sector) </li></ul><ul><li>Sean Garretson – The Retail Coach (...
The Public Sector Role  and ED Perspective Brett Doney - Great Falls Development
The Planner’s Role and Perspective Sean Garretson, AICP – The Retail Coach
<ul><li>The Retail Coach, LLC, is a national retail analytics and locational intelligence firm that combines strategy, tec...
<ul><li>Workers are more mobile </li></ul><ul><li>Jobs are following the talent </li></ul><ul><li>Talent is attracted to Q...
Store closings, slowed expansions, bankruptcies and liquidations have dominated headlines.
The Good News … Retailers are Expanding  <ul><li>We have located—or are currently working with: </li></ul><ul><li>Target <...
Community Development Precedes Economic Development Would you invest $2M next to this?
<ul><li>Smaller communities must work harder to get retailers’ attention </li></ul><ul><li>Do not abandon downtown </li></...
<ul><li>Job growth is essential for a  thriving downtown </li></ul><ul><li>Successful community economic  development is K...
<ul><li>Urban Renewal Plan created in late 1990s </li></ul><ul><li>Tri-Party Agreement (CoA, Urban Renewal Agency, Austin ...
<ul><li>Public Spaces don’t just happen </li></ul><ul><li>Economic Impact of Bike Lanes </li></ul><ul><li>City role in sha...
<ul><li>What is the basis of the economy? </li></ul><ul><li>Is there a university?  </li></ul><ul><li>Entrepreneurial comm...
<ul><li>Downtown Master Plan </li></ul><ul><li>Team just completed Texas State University Master Plan </li></ul><ul><li>Te...
<ul><li>How should you best leverage your assets (land, utilities, money)? </li></ul><ul><li>Should you use a RFP vs RFQ p...
<ul><li>Thank you! </li></ul>Sean Garretson, AICP 512/300-7270 [email_address] www.theretailcoach.net
The Developer’s Role and Perspective Kristen Fish – Redevelopment Resources
About   Redevelopment Resources <ul><li>Redevelopment Resources provides development and redevelopment solutions to munici...
Important Elements <ul><li>Site control </li></ul><ul><li>Implementation Team </li></ul><ul><ul><li>Owners </li></ul></ul>...
Political Issues <ul><li>Timing </li></ul><ul><li>Environment </li></ul><ul><li>Who is REALLY going to do the project </li...
The Site <ul><li>Land/Property Assembly </li></ul><ul><ul><li>Control of the site is very important </li></ul></ul><ul><ul...
Former Movie Theater <ul><li>Live music venue  </li></ul><ul><ul><li>(bar/restaurant) </li></ul></ul><ul><li>Façade renova...
Former blighted block <ul><li>New office complex </li></ul><ul><li>City acquired ½ block </li></ul><ul><li>New ramp with r...
Former Private Club <ul><li>Private investors </li></ul><ul><ul><ul><ul><li>Owners </li></ul></ul></ul></ul><ul><ul><ul><u...
Former department store <ul><li>Office </li></ul><ul><li>Proposed theater </li></ul><ul><li>Proposed bowling alley </li></...
Former retail “mall” <ul><li>Retail </li></ul><ul><li>Extension of hotel banquet </li></ul><ul><li>Expansion of hotel gues...
Palladian project connected to hotel/ramp
Creative use of vacant retail <ul><li>Try it on, sample </li></ul><ul><li>Shorter term leases </li></ul><ul><li>Go after w...
Thank you! <ul><li>Kristen Fish </li></ul><ul><li>Redevelopment Resources </li></ul><ul><li>[email_address] </li></ul><ul>...
 
 
 
 
 
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Iedc Annual Conference Columbus 2010 Final

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New Life to Old Developments. This is not complete, but will have full presentation shortly.

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  • Introductions &amp; Background with overview
  • Iedc Annual Conference Columbus 2010 Final

    1. 1. New Life to Old Developments Practitioners’ Perspectives <ul><li>IEDC Annual Conference </li></ul><ul><li>September 28, 2010 </li></ul><ul><li>Moderator - Charlene Coulombe-Fiore, CEcD, EDFP </li></ul>
    2. 2. Agenda <ul><li>Brett Doney - Great Falls Development (public sector) </li></ul><ul><li>Sean Garretson – The Retail Coach (market analyst/planner) </li></ul><ul><li>Kristen Fish – Redevelopment Resources (developer/implementer) </li></ul><ul><li>Q&A </li></ul>
    3. 3. The Public Sector Role and ED Perspective Brett Doney - Great Falls Development
    4. 4. The Planner’s Role and Perspective Sean Garretson, AICP – The Retail Coach
    5. 5. <ul><li>The Retail Coach, LLC, is a national retail analytics and locational intelligence firm that combines strategy, technology and creative expertise to develop and deliver high-impact retail recruitment and development strategies. </li></ul><ul><li>25 years in retail real estate </li></ul><ul><li>Worked in more than 125 communities in 32 states </li></ul><ul><li>Market assessment & corporate site selection experience with national retailers </li></ul><ul><li>Retail real estate brokerage firm specializing in market analyses & retailer site identification </li></ul><ul><li>Retail leasing & development/redevelopment </li></ul><ul><li>Land development with investment firm </li></ul><ul><li>Retail professionals in the consulting business – not consultants in the retail business </li></ul><ul><li>Practical revitalization planning and development </li></ul><ul><li>We not only develop retail recruitment and development strategies for clients, we execute them and coach clients to achieve results. </li></ul>About The Retail Coach
    6. 6. <ul><li>Workers are more mobile </li></ul><ul><li>Jobs are following the talent </li></ul><ul><li>Talent is attracted to Quality of Place </li></ul><ul><li>Three out of Four Americans under age 28 first pick a place to live and then find a job. </li></ul><ul><li>SOURCE: Next Generation Consulting survey </li></ul><ul><li>They want to live in a COOL community. </li></ul><ul><li>COOL is defined by them. </li></ul>The New Economic Development
    7. 7. Store closings, slowed expansions, bankruptcies and liquidations have dominated headlines.
    8. 8. The Good News … Retailers are Expanding <ul><li>We have located—or are currently working with: </li></ul><ul><li>Target </li></ul><ul><li>Dollar General </li></ul><ul><li>Save-A-Lot Grocery </li></ul><ul><li>Lowe’s </li></ul><ul><li>Home Depot </li></ul><ul><li>McDonald’s </li></ul><ul><li>Zaxby’s </li></ul><ul><li>Hibbett Sports </li></ul><ul><li>ALCO Stores </li></ul><ul><li>Kohl’s </li></ul><ul><li>Discount Retailers, Dollar Stores & Drug Stores dominate retail growth sectors. </li></ul>
    9. 9. Community Development Precedes Economic Development Would you invest $2M next to this?
    10. 10. <ul><li>Smaller communities must work harder to get retailers’ attention </li></ul><ul><li>Do not abandon downtown </li></ul><ul><li>Maintain strong residential support around downtown </li></ul><ul><li>Have a downtown redevelopment strategy </li></ul><ul><li>Downtowns have become entrepreneur- driven </li></ul><ul><li>Entrepreneurism increases during economic downturns </li></ul>Focus on Your Downtown
    11. 11. <ul><li>Job growth is essential for a thriving downtown </li></ul><ul><li>Successful community economic development is KEY! </li></ul><ul><li>Create destinations and foster tourism </li></ul><ul><li>Improve the overall downtown experience </li></ul><ul><li>Downtown revitalization is largely about making deals </li></ul><ul><li>Publicly-supported IBIZ Districts work (independently-owned business improvement districts) </li></ul><ul><li>Downtown businesses must operate </li></ul><ul><li>as a business and not a hobby. </li></ul>Focus on Your Downtown
    12. 12. <ul><li>Urban Renewal Plan created in late 1990s </li></ul><ul><li>Tri-Party Agreement (CoA, Urban Renewal Agency, Austin Revitalization Authority) </li></ul><ul><li>(2) 1-mile corridors (11 th /12 th Streets) </li></ul><ul><li>General Revenue and HUD funds </li></ul><ul><li>Successful, yet…(depending on who you ask)… </li></ul><ul><li>Choose partnership(s) closely, and hold accountable </li></ul>Austin, TX
    13. 13. <ul><li>Public Spaces don’t just happen </li></ul><ul><li>Economic Impact of Bike Lanes </li></ul><ul><li>City role in shaping/programming public environment. </li></ul>Public Spaces Discovery Green - Houston, Texas
    14. 14. <ul><li>What is the basis of the economy? </li></ul><ul><li>Is there a university? </li></ul><ul><li>Entrepreneurial community? </li></ul><ul><li>Are your incentives geared towards placing office users in revitalization zone? </li></ul><ul><li>Role of the non-profit. </li></ul><ul><li>Catalyst Projects </li></ul><ul><li>Build on your assets </li></ul>Should you really try to CREATE the market?
    15. 15. <ul><li>Downtown Master Plan </li></ul><ul><li>Team just completed Texas State University Master Plan </li></ul><ul><li>Texas State growth – now at 32,000 </li></ul><ul><li>County seat, great early 1900 bldg architecture, block structure </li></ul><ul><li>Potential for commuter rail (Austin-San Antonio rail) </li></ul><ul><li>Private sector role (identify market opportunities) </li></ul><ul><li>Public sector role (leverage land and building assets, study/fund infrastructure needs) </li></ul><ul><li>Build upon your market and assets </li></ul>San Marcos, TX
    16. 16. <ul><li>How should you best leverage your assets (land, utilities, money)? </li></ul><ul><li>Should you use a RFP vs RFQ process? </li></ul><ul><li>Should you encourage an Attainable Housing component? </li></ul><ul><li>How effective are Public Utility Districts versus TIFs/TIRZs? </li></ul><ul><li>Lastly…if you know the Development Review Process should be faster in your revitalization zones then why is it taking as long / longer there?? </li></ul>Questions to Consider…
    17. 17. <ul><li>Thank you! </li></ul>Sean Garretson, AICP 512/300-7270 [email_address] www.theretailcoach.net
    18. 18. The Developer’s Role and Perspective Kristen Fish – Redevelopment Resources
    19. 19. About Redevelopment Resources <ul><li>Redevelopment Resources provides development and redevelopment solutions to municipalities, businesses and organizations which enhance the vitality of the community and improve the local economy. </li></ul><ul><ul><li>Focus on implementation </li></ul></ul><ul><ul><li>Over 145 years of collective experience </li></ul></ul><ul><ul><li>Commercial Real Estate </li></ul></ul><ul><ul><li>Economic Development </li></ul></ul><ul><ul><li>Planning </li></ul></ul><ul><ul><li>Retail Support </li></ul></ul><ul><ul><li>Community Development </li></ul></ul><ul><ul><li>Finance/Incentives/Deal Structure </li></ul></ul>
    20. 20. Important Elements <ul><li>Site control </li></ul><ul><li>Implementation Team </li></ul><ul><ul><li>Owners </li></ul></ul><ul><ul><li>City/County/public funding source </li></ul></ul><ul><ul><li>Prospective tenants </li></ul></ul><ul><ul><li>Private sector stakeholders </li></ul></ul><ul><ul><li>Legal/AE/Environmental </li></ul></ul>
    21. 21. Political Issues <ul><li>Timing </li></ul><ul><li>Environment </li></ul><ul><li>Who is REALLY going to do the project </li></ul><ul><ul><li>Knowledge </li></ul></ul><ul><ul><li>Experience </li></ul></ul><ul><ul><li>Leadership </li></ul></ul>
    22. 22. The Site <ul><li>Land/Property Assembly </li></ul><ul><ul><li>Control of the site is very important </li></ul></ul><ul><ul><ul><li>Ownership </li></ul></ul></ul><ul><ul><ul><li>Friendly condemnation </li></ul></ul></ul><ul><ul><ul><li>Assist with relocation </li></ul></ul></ul><ul><li>Local Law </li></ul><ul><ul><li>Zoning </li></ul></ul><ul><ul><li>Local ordinances </li></ul></ul>
    23. 23. Former Movie Theater <ul><li>Live music venue </li></ul><ul><ul><li>(bar/restaurant) </li></ul></ul><ul><li>Façade renovation loan </li></ul><ul><li>Commercial rehab loan </li></ul><ul><ul><li>(CDBG) </li></ul></ul><ul><li>Design control </li></ul>
    24. 24. Former blighted block <ul><li>New office complex </li></ul><ul><li>City acquired ½ block </li></ul><ul><li>New ramp with retail on main level </li></ul><ul><li>Planned condos on top </li></ul>
    25. 25. Former Private Club <ul><li>Private investors </li></ul><ul><ul><ul><ul><li>Owners </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Community partners </li></ul></ul></ul></ul><ul><ul><li>City Participation </li></ul></ul><ul><ul><ul><ul><ul><li>Commercial rehab </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>CDBG for job creation </li></ul></ul></ul></ul></ul>
    26. 26. Former department store <ul><li>Office </li></ul><ul><li>Proposed theater </li></ul><ul><li>Proposed bowling alley </li></ul><ul><li>Proposed retail “mall” </li></ul><ul><li>Temporary offices </li></ul>
    27. 27. Former retail “mall” <ul><li>Retail </li></ul><ul><li>Extension of hotel banquet </li></ul><ul><li>Expansion of hotel guest rooms </li></ul><ul><li>Residential condos </li></ul>
    28. 28. Palladian project connected to hotel/ramp
    29. 29. Creative use of vacant retail <ul><li>Try it on, sample </li></ul><ul><li>Shorter term leases </li></ul><ul><li>Go after what you really want </li></ul>
    30. 30. Thank you! <ul><li>Kristen Fish </li></ul><ul><li>Redevelopment Resources </li></ul><ul><li>[email_address] </li></ul><ul><li>www.redevelopment-resources.com </li></ul>
    31. 36. Questions & Answers

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