Urban Retail Solutions: Tracey A. Nichols:Cleveland Retail Success Stories


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Ms. Nichols has been the Economic Development Director for the City of Cleveland since February 2008 and is responsible for financial incentives, business attraction, and for helping businesses navigate City Hall for all their needs. She is a certified Economic Development Professional from the National Development Council and is a graduate of Case Western Reserve University. Nichols’ particular expertise is in forming unique funding mechanisms for projects, including former brownfields.

The Urban Retail Solutions Conference was on June 20, 2013 at the Ariel International Center located at 1163 East 40th Street, Cleveland, OH.

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Urban Retail Solutions: Tracey A. Nichols:Cleveland Retail Success Stories

  1. 1. Cleveland Retail Success Stories June 20, 2013 Developing the vision for your area
  2. 2. Mayor Jackson believes that Cleveland needs to be a place where people can Live, Work and Play. Retail is an important part of any community
  3. 3. Neighborhoods create a Sense of Place You need to gather data to understand your neighborhood and to understand what your residents picture the neighborhood to be
  4. 4. Take Inventory  What do you have?  What is missing?  What will residents support?  Who can you partner with?  Are there low cost actions you can take to move your area forward?  YOU HAVE HOMEWORK!
  5. 5. Successful Projects  Cleveland has had many neighborhoods who have found their identity in recent years- and despite the recession, have positioned themselves for success  Each one took hard work and partnerships  Some are well-established, some are on their way, some have recognized the need to reinvent themselves
  6. 6. Uptown - Mixed Use Case Western’s College Town Phase I •66,000 sf retail •102 Apartments Phase II •Apartments, student housing, Corner Alley
  7. 7. Garrett Square Vacant Tops brings back grocery, clothing & more – success to build on Residents needed a grocery store
  8. 8. Ariel International Center Sometimes the sheer will of just a few people can make an impact to start a vision forward
  9. 9. Steelyard Commons We lost $1.3 billion in retail purchases to the suburbs prior to Steelyards. Steelyards helps us attract & retain residents and creates jobs. PITCH SHEET ON WEBSITE: Cleveland, Ohio, new regional market, untapped trade area - no competition. "City [of Cleveland] residents in 2000 spent about $1.3 billion in retail purchases at suburban stores, according to a recent study from Oster Research Group of Iowa Immediate access to I-71 (115,950 VPD), SR 176 (68,800 VPD), I-490 (61,510 VPD), I-90, and I-77 (2004 traffic counts) Densely populated residential trade area and enormous daytime employment base Immediate Trade Area - 320,812 people (34% of these people have a household income over $50,000) Extensive secondary trade area
  10. 10. Market Garden Brewery Ohio City- Cleveland’s Artisan Neighborhood
  11. 11. Ohio City La Bamba Tortillerilla Joy Machines Bike Shop
  12. 12. Why Cleveland?  Monster Ranked us 4th in the Nation for finding a job  Ohio City is 4th in the World for Bar-hopping  Yahoo Travel Ranked us 4th Most Visionary City in the World for our Urban Farming Movement  Bloomberg News ranked us 17th for best cities for College grads to find a job (up from 28th )  The Health Line (RTA) recognized as most successful BRT in the nation  Cleveland ED Dept won the “Best Community Development Project” in the Nation award from the National Development Council
  13. 13. City of Cleveland Tracey Nichols Director Dept. of Economic Development (216) 664-3611 tnichols2@city.clevel and.oh.us