GRANITE RIDGE  DEVELOPMENT DISTRICT ROCHESTER ECONOMIC DEVELOPMENT COMMISSION DECEMBER 2008
DEVELOPMENT 2001 - 2008 <ul><li>Holiday Inn Express </li></ul><ul><li>Granite Steak & Grill  </li></ul><ul><li>Black Dog C...
POTENTIAL 2008 - 2028 <ul><li>Total Study Area </li></ul><ul><ul><li>367.4 Acres </li></ul></ul><ul><li>Non-Development Ar...
BUILDABLE AREA – Slide 1 R = Retail O = Office 130k O 2k R 7k R 10k R 210k R O 625k O R Proj. SF 10 14.1% 6.4% 1 90.9% 0.6...
BUILDABLE AREA – Slide 2 40k O 360k R O 110k R 30k R 45k R 60k R Proj. SF 20.5 79.5% 13.1% 30 35.3% 19.1% 10 50.0% 6.4% 4....
FRONTAGE ROAD CONCEPTUAL
TURNPIKE EXPANSION <ul><li>Targeted Completion in 2012 </li></ul><ul><li>Reconfiguration of Exits 14 & 15 </li></ul><ul><u...
POTENTIAL PHASING <ul><li>Frontage Road & Interior Intersections </li></ul><ul><ul><li>City Street – 3 lanes </li></ul></u...
ESTIMATED INFRASTRUCTURE COSTS In 2008 $ $22,665,000 Grand Total 5,400,000 Sewer – Entire Project 2,900,000 Water – Entire...
INFORMATION APPLICATIONS <ul><li>Collaborate w/Property Owners </li></ul><ul><ul><li>Value Added to Land </li></ul></ul><u...
STORES   HOT CATEGORIES <ul><li>Drug Stores 42.0%  Y/Y </li></ul><ul><ul><li>CVS </li></ul></ul><ul><ul><li>Rite Aid </li>...
STORES   HOT 100 RETAILERS <ul><li>CVS </li></ul><ul><li>Rite Aid </li></ul><ul><li>IHOP </li></ul><ul><li>Amazon.com </li...
CURRENT RETAIL STATUS <ul><li>Retail resources channeled into existing locations </li></ul><ul><ul><li>Remodeling </li></u...
DEVELOPER SITE PRIORITIES <ul><li>Proven Successful Sites </li></ul><ul><ul><li>Site & Market Intelligence </li></ul></ul>...
ACTION PLANS <ul><li>Relationships </li></ul><ul><ul><li>Retailers </li></ul></ul><ul><ul><li>Developers  </li></ul></ul><...
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Granite Ridge Rochester NH Dec 2008

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The Granite Ridge Development District in Rochester, NH when fully developed will have nearly 2 million squre feet of retail, hospitality and office development near Exit 15 of the Spaulding Turnpike. Opportunities are available now.

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Granite Ridge Rochester NH Dec 2008

  1. 1. GRANITE RIDGE DEVELOPMENT DISTRICT ROCHESTER ECONOMIC DEVELOPMENT COMMISSION DECEMBER 2008
  2. 2. DEVELOPMENT 2001 - 2008 <ul><li>Holiday Inn Express </li></ul><ul><li>Granite Steak & Grill </li></ul><ul><li>Black Dog Car Wash </li></ul><ul><li>Meineke Car Care </li></ul><ul><li>Super Wal~Mart </li></ul><ul><li>Harley Davidson of Rochester </li></ul><ul><li>Granite Ford </li></ul><ul><li>Robidas RV & Marine </li></ul><ul><li>Little Miss Sophie’s </li></ul><ul><li>Shell Station C-Store/Dunkin Donuts </li></ul><ul><li>Remember When Diner </li></ul><ul><li>Rochester Motorsports </li></ul><ul><li>$3,942,400 </li></ul><ul><li>$896,600 </li></ul><ul><li>$590,500 </li></ul><ul><li>$595,600 </li></ul><ul><li>$14,699,000 </li></ul><ul><li>$1,692,900 </li></ul><ul><li>$2,258,800 </li></ul><ul><li>$503,961 </li></ul><ul><li>$274,200 </li></ul><ul><li>$1,729,000 </li></ul><ul><li>$986,100 </li></ul><ul><li>$1,217,900 </li></ul>$29,386,961
  3. 3. POTENTIAL 2008 - 2028 <ul><li>Total Study Area </li></ul><ul><ul><li>367.4 Acres </li></ul></ul><ul><li>Non-Development Areas (Wetlands, Buffers & Slopes) </li></ul><ul><ul><li>210.5 acres 57.3% </li></ul></ul><ul><li>Developable Area </li></ul><ul><ul><li>156.9 Acres 42.7% </li></ul></ul><ul><li>Presently Developed </li></ul><ul><ul><li>21.3 Acres 5.8% </li></ul></ul><ul><li>Potential Development </li></ul><ul><ul><li>Retail 816k </li></ul></ul><ul><ul><li>Office 865k </li></ul></ul>
  4. 4. BUILDABLE AREA – Slide 1 R = Retail O = Office 130k O 2k R 7k R 10k R 210k R O 625k O R Proj. SF 10 14.1% 6.4% 1 90.9% 0.6% .7 87.5% 0.4% 1 83.3% 0.6% 15 46.9% 9.6% 45 54.5% 28.7% Dev. Ac % Lot %Dist 71 1.1 .8 1.2 32 82.5 Acres 208/8 208/6 208/5 208/4 208/2 208/1 ID
  5. 5. BUILDABLE AREA – Slide 2 40k O 360k R O 110k R 30k R 45k R 60k R Proj. SF 20.5 79.5% 13.1% 30 35.3% 19.1% 10 50.0% 6.4% 4.5 71.4% 2.9% 6.6 86.8% 4.2% 4.8 85.7% 3.1% Dev Ac % Lot % Dist 25.8 85 20 6.3 7.6 5.6 Acres 216/1-4 216/11 216/9 216/8 216/7 216/6 ID
  6. 6. FRONTAGE ROAD CONCEPTUAL
  7. 7. TURNPIKE EXPANSION <ul><li>Targeted Completion in 2012 </li></ul><ul><li>Reconfiguration of Exits 14 & 15 </li></ul><ul><ul><li>All Exit 14 southbound off-ramp traffic will use Exit 15 to access Business Park & No. Main Commercial District </li></ul></ul>
  8. 8. POTENTIAL PHASING <ul><li>Frontage Road & Interior Intersections </li></ul><ul><ul><li>City Street – 3 lanes </li></ul></ul><ul><ul><li>Coordinate w/existing & proposed developments </li></ul></ul><ul><li>Farmington Road </li></ul><ul><ul><li>5 lane w/median </li></ul></ul><ul><ul><li>3 added signals: Nashoba, Crane & Two Rod Rd </li></ul></ul><ul><ul><li>Implement based on Access points </li></ul></ul><ul><li>Water Distribution </li></ul><ul><ul><li>Wells & water main in development </li></ul></ul><ul><ul><li>Distribution will be looped </li></ul></ul><ul><ul><li>New water main to follow new Frontage Rd </li></ul></ul><ul><li>Sewer Layout </li></ul><ul><ul><li>Projections based on land utilization estimates </li></ul></ul><ul><ul><li>Pump station West of Super Wal~Mart </li></ul></ul><ul><ul><li>Future review in Design Phase </li></ul></ul>
  9. 9. ESTIMATED INFRASTRUCTURE COSTS In 2008 $ $22,665,000 Grand Total 5,400,000 Sewer – Entire Project 2,900,000 Water – Entire Project 1,115,000 Access F & Farmington Rd 695,000 Access E & Farmington Rd 2,015,000 Two Rod Road & Farmington Rd 1,770,000 Access D/Little Falls Bridge Rd & Farmington Rd 1,900,000 Access C/Crane Dr & Farmington Rd 1,530,000 Access B/Nashoba Dr & Farmington Rd 1,010,000 Access A & Farmington Rd $ 4,330,000 Frontage Road & Interior Intersections
  10. 10. INFORMATION APPLICATIONS <ul><li>Collaborate w/Property Owners </li></ul><ul><ul><li>Value Added to Land </li></ul></ul><ul><li>Attract Developers </li></ul><ul><ul><li>Critical Mass of Development </li></ul></ul><ul><ul><li>Master Plan for District </li></ul></ul><ul><ul><li>Friendly Agreements w/City </li></ul></ul><ul><li>Analyze Financing of Public Improvements </li></ul><ul><ul><li>State/Federal Funding </li></ul></ul><ul><ul><li>Public/Private Partnerships </li></ul></ul><ul><ul><li>Tax Increment Financing </li></ul></ul><ul><li>Incorporate into Project Plans </li></ul><ul><ul><li>Limited Access Points </li></ul></ul><ul><ul><li>Parcel Interconnection </li></ul></ul><ul><ul><li>Shared Mitigation </li></ul></ul><ul><li>Infrastructure Planning </li></ul><ul><ul><li>Water, Sewer, Highway </li></ul></ul><ul><li>Coordinate with NHDOT </li></ul><ul><li>Preliminary App. to Resource Agencies </li></ul><ul><ul><li>Shorten Approval Times </li></ul></ul><ul><ul><li>Defined Areas of Protection & Development </li></ul></ul>
  11. 11. STORES HOT CATEGORIES <ul><li>Drug Stores 42.0% Y/Y </li></ul><ul><ul><li>CVS </li></ul></ul><ul><ul><li>Rite Aid </li></ul></ul><ul><li>Quick Stop/C-Stores 21.1% </li></ul><ul><ul><li>Travel Centers of America </li></ul></ul><ul><li>Casual Dining 18.3% </li></ul><ul><ul><li>IHOP </li></ul></ul><ul><ul><li>BJ’s Restaurants </li></ul></ul><ul><li>Supermarkets 17.2% </li></ul><ul><ul><li>A&P </li></ul></ul><ul><ul><li>SUPERVALU </li></ul></ul><ul><li>Upscale Dining 14.7% </li></ul><ul><ul><li>Ruth Chris’ Steak House </li></ul></ul><ul><ul><li>P.F. Chang’s </li></ul></ul><ul><li>Jewelry 14.6% </li></ul><ul><ul><li>Blue Nile </li></ul></ul><ul><ul><li>Tiffany </li></ul></ul><ul><li>Teens & Tweens Apparel 13.3% </li></ul><ul><ul><li>Zumiez </li></ul></ul><ul><ul><li>Urban Outfitters </li></ul></ul><ul><li>Specialty Apparel 12.0% </li></ul><ul><ul><li>American Apparel </li></ul></ul><ul><ul><li>Gymboree </li></ul></ul><ul><ul><li>bebe Stores </li></ul></ul><ul><li>Sandwich/Beverage 12.0% </li></ul><ul><ul><li>Chipotle Mexican Grill </li></ul></ul><ul><ul><li>Panera Bread </li></ul></ul>
  12. 12. STORES HOT 100 RETAILERS <ul><li>CVS </li></ul><ul><li>Rite Aid </li></ul><ul><li>IHOP </li></ul><ul><li>Amazon.com </li></ul><ul><li>American Apparel </li></ul><ul><li>GameStop </li></ul><ul><li>BJ’s Restaurants </li></ul><ul><li>Chipotle Mexican Grill </li></ul><ul><li>FTD </li></ul><ul><li>Travel Centers of America </li></ul>Opened Nov 2008
  13. 13. CURRENT RETAIL STATUS <ul><li>Retail resources channeled into existing locations </li></ul><ul><ul><li>Remodeling </li></ul></ul><ul><ul><li>Maintain Same-Store Sales </li></ul></ul><ul><ul><li>Financing Challenges </li></ul></ul><ul><li>How Long ??? </li></ul><ul><li>NE RE Journal Dec. 4, 2008 </li></ul><ul><li>(Southern New Hampshire) </li></ul><ul><ul><li>Bernie’s Audio Video </li></ul></ul><ul><ul><li>Cumberland Farms </li></ul></ul><ul><ul><li>Honey Dew Donuts </li></ul></ul><ul><ul><li>Ninety Nine Restaurant & Pub </li></ul></ul><ul><ul><li>D’Angelo’s </li></ul></ul><ul><ul><li>Papa Gino’s </li></ul></ul><ul><ul><li>Sally Beauty Supply </li></ul></ul><ul><ul><li>Pei Wei Asian Diner </li></ul></ul><ul><ul><ul><li>(A Division of P.F. Chang’s) </li></ul></ul></ul><ul><ul><li>7 Eleven </li></ul></ul><ul><ul><li>Tedeschi Food Shops </li></ul></ul><ul><ul><li>Stor-U-Self </li></ul></ul><ul><ul><li>Town Fair Tire </li></ul></ul><ul><ul><li>White Hen Pantry </li></ul></ul>
  14. 14. DEVELOPER SITE PRIORITIES <ul><li>Proven Successful Sites </li></ul><ul><ul><li>Site & Market Intelligence </li></ul></ul><ul><ul><li>Competition </li></ul></ul><ul><li>Avoid Cannibalization </li></ul><ul><li>Use Successful Prototypes </li></ul><ul><ul><li>Less Desire to try Something New </li></ul></ul><ul><li>Development Costs </li></ul><ul><ul><li>On & Offsite Development </li></ul></ul><ul><ul><li>Financing </li></ul></ul><ul><li>“ Time to Market” </li></ul><ul><ul><li>Time = Money </li></ul></ul>
  15. 15. ACTION PLANS <ul><li>Relationships </li></ul><ul><ul><li>Retailers </li></ul></ul><ul><ul><li>Developers </li></ul></ul><ul><ul><li>Real Estate Professionals </li></ul></ul><ul><ul><li>Property Owners </li></ul></ul><ul><li>Current Intelligence </li></ul><ul><ul><li>Buxton </li></ul></ul><ul><li>Marketing </li></ul><ul><ul><li>www.thinkrochester.biz </li></ul></ul><ul><ul><li>Trade Publications </li></ul></ul><ul><ul><li>Direct Contacts </li></ul></ul><ul><li>ICSC </li></ul><ul><ul><li>Annual Meeting </li></ul></ul><ul><ul><li>Regional Events </li></ul></ul><ul><ul><li>Local Activities </li></ul></ul>

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