"Cassady Corner" Development Plan for the City of Bexley, Ohio
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This presentation was prepared for a real estate studio class at The Ohio State University. The class matched City & Regional Planning students with MBA students to prepare a development and financing plan for the redevelopment of an aging commercial strip corridor in Bexley, Ohio.
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- 1. CASSADY CORNER Development Plan Development Team: Prestige Partners Sean Clark Grant Guyuron Mark Harris Brian Mandel Scott Ulrich
- 4. SWOT Analysis 04/18/11 Prestige Partners | Preliminary Development Plan | Cassady Corner Strengths Opportunities Existing customers in Cassady North Apts. Wealthy educated homeowners west of Cassady Bexley Coffee Shop No neighborhood retail in 1-mile radius Bexley Natural Market Medical practitioners eager to serve Bexley High traffic count on Cassady Ave. Older Bexley residents want to retire in Bexley Infrastructure already exists Young middle income families east of Cassady Weaknesses Threats Obsolete buildings Weak real estate market Fractured parcel ownership Perception as part of Columbus, not Bexley Railroad noise Decline in market position over time Shallow lots Possible environmental remediation of sites
- 5. North Bexley Demographics 04/18/11 Prestige Partners | Preliminary Development Plan | Cassady Corner Population 1-mile radius 2-mile radius 3-mile radius Population (2009) 14,241 44,361 100,474 Pop. (2014 est.) 13,524 42,947 97,072 2009 Median Age 35.39 35.52 35.18 Pop. under 18 28.97% 27.16% 27.86% Pop. over 65 13.87% 13.07% 12.96% Bachelor’s degrees 35.7% 29.33% 20.81% Avg. HH Income $64,702.18 $56,871.41 $47,763.84 HH with children 34.83% 30.8% 30.15%
- 6. Drive Time Map 04/18/11 Prestige Partners | Preliminary Development Plan | Cassady Corner
- 12. Site Plan – Land Use Efficiency 04/18/11 Prestige Partners | Development Plan | Cassady Corner Existing Land Use Square Footage Proposed Land Use Square Footage Existing Residential 12,616 Proposed Residential 18,600 Existing Retail/Service 15,520 Proposed Retail/Service 20,050 Existing Medical/Wellness 3,118 Proposed Medical/Wellness 14,000 Existing Office 1,395 Proposed Office 10,750 Existing Total 32,649 Proposed Total 63,400
- 13. Phase 1 – Food Block (existing) 04/18/11 Prestige Partners | Development Plan | Cassady Corner
- 15. Phase 1 – Food Block (proposed) 04/18/11 Prestige Partners | Development Plan | Cassady Corner
- 16. Phase 1 – Wellness Block (existing) 04/18/11 Prestige Partners | Development Plan | Cassady Corner
- 18. Phase 1 – Wellness Block (proposed) 04/18/11 Prestige Partners | Development Plan | Cassady Corner
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- 21. Phase 1 – Retail/Office (proposed) 04/18/11 Prestige Partners | Development Plan | Cassady Corner
- 22. Phase 1 – Retail/Office (back-up) 04/18/11 Prestige Partners | Development Plan | Cassady Corner
- 23. Phase 2 – Residential/Retail (existing) 04/18/11 Prestige Partners | Development Plan | Cassady Corner
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- 28. Phase 2 – Civic Block (proposed) 04/18/11 Prestige Partners | Preliminary Development Plan | Cassady Corner