1 / 36

Lawrence City Commission Study Session January 18, 2006

RETAIL DEVELOPMENT IN LAWRENCE Inventory, Impacts, and Regulation presentation by Robert M. Lewis, AICP, Principal D EVELOPMENT S TRATEGIES. Lawrence City Commission Study Session January 18, 2006. THREE PRIMARY ASSIGNMENTS. Database of the physical inventory of retailing.

emerald-orr
Télécharger la présentation

Lawrence City Commission Study Session January 18, 2006

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. RETAIL DEVELOPMENT IN LAWRENCEInventory, Impacts, and Regulationpresentation byRobert M. Lewis, AICP, PrincipalDEVELOPMENT STRATEGIES Lawrence City Commission Study Session January 18, 2006

  2. THREE PRIMARY ASSIGNMENTS • Database of the physical inventory of retailing. • Contract with city • Potential impact of three proposed retail centers. • Northgate • Bauer Farm • Mercato Added contract with city • Development code recommendations. • Subcontract with Stinson Morrison Hecker Same contract with city DEVELOPMENT STRATEGIES

  3. INVENTORY: Methodology • Define retail geographic concentrations (city & DSI). • Field survey (primarily by city staff) • Compilation, verification, aggregation (DSI) • Peer city comparisons (DSI) • Summary report (DSI) • Informative intent; non-judgmental DEVELOPMENT STRATEGIES

  4. INVENTORY: Retail Concentrations • Focus on “typical” retail locations. • Shopping Centers • First Floors – Second if occupied • Record of occupancy regardless of use or zoning. • Record of occupancy if retail land use or zoning. • 10 geographic areas plus miscellaneous. • West 6th Street • Hillcrest Shopping Center • Orchard Corners • Clinton Parkway • East 23rd St. • West 6th & Monterey Way • West 6th & Wakarusa • South Iowa Street • West 23rd Street • Downtown DEVELOPMENT STRATEGIES

  5. INVENTORY: Field Survey • DSI designed a field recording form. • DSI tested the field work. • DSI trained city staff. • Staff completed field work. • Staff created database spreadsheet and sent to DSI. DEVELOPMENT STRATEGIES

  6. INVENTORY: Field Survey Form DEVELOPMENT STRATEGIES

  7. INVENTORY: Compilation, Verification, Aggregation • Checked against previous Lawrence database. • Checked against telephone book and Internet. • Checked against Chamber of Commerce data. • Checked against Grubb & Ellis local data. • Selected telephone calls to retailers. • Determined NAICS of each entry (retail or not). • Aggregated by geography & NAICS. DEVELOPMENT STRATEGIES

  8. INVENTORY: NAICS Codes DEVELOPMENT STRATEGIES

  9. SUMMARY DATA: Square Feet by NAICS DEVELOPMENT STRATEGIES

  10. SUMMARY DATA: Establishments by NAICS DEVELOPMENT STRATEGIES

  11. SUMMARY DATA: Average Sq. Ft. by NAICS DEVELOPMENT STRATEGIES

  12. SUMMARY DATA: Dining Establishments DEVELOPMENT STRATEGIES

  13. SUMMARY DATA: Square Feet by Geography DEVELOPMENT STRATEGIES

  14. SUMMARY DATA: Percent of Sq. Ft. by Geography DEVELOPMENT STRATEGIES

  15. Distribution of Space: City of Lawrence DEVELOPMENT STRATEGIES

  16. Distribution of Space: West 6th & Monterey Way DEVELOPMENT STRATEGIES

  17. Distribution of Space: West 6th & Wakarusa DEVELOPMENT STRATEGIES

  18. Distribution of Space: South Iowa Street DEVELOPMENT STRATEGIES

  19. Distribution of Space: West 23rd Street DEVELOPMENT STRATEGIES

  20. Distribution of Space: Downtown DEVELOPMENT STRATEGIES

  21. Distribution of Space: West 6th Street DEVELOPMENT STRATEGIES

  22. Distribution of Space: Hillcrest Shopping Center DEVELOPMENT STRATEGIES

  23. Distribution of Space: Orchard Corners DEVELOPMENT STRATEGIES

  24. Distribution of Space: Clinton Parkway DEVELOPMENT STRATEGIES

  25. Distribution of Space: East 23rd Street DEVELOPMENT STRATEGIES

  26. Distribution of Space: Miscellaneous Locations DEVELOPMENT STRATEGIES

  27. PEER CITIES DEVELOPMENT STRATEGIES

  28. PEER CITIES: Population, 2004 DEVELOPMENT STRATEGIES

  29. PEER CITIES: Retail Sales to EBI DEVELOPMENT STRATEGIES

  30. PEER CITIES: Retail Sales Pull Factors DEVELOPMENT STRATEGIES

  31. POTENIAL IMPACT OF NEW RETAIL DEVELOPMENT STRATEGIES

  32. POTENIAL IMPACT OF NEW RETAIL:Northgate: 269,300 square feet • If all remains vacant (or creates equal vacancies), city vacancy rate increases from 3.9% to 7.7%. • If all becomes occupied, city vacancy rate decreases from 3.9% to 3.8%. • Current square feet to population in Lawrence: 78.5 (6,479,100 s.f. ÷ 82,500 population). • To absorb 269,300 square feet requires 3,430 more residents. • Horizon 2020 population for 2010: 6,500 to 16,500 additional residents. DEVELOPMENT STRATEGIES

  33. POTENIAL IMPACT OF NEW RETAIL:Bauer Farm: 118,800 square feet • If all remains vacant (or creates equal vacancies), city vacancy rate increases from 3.9% to 5.6%. • If all becomes occupied, city vacancy rate decreases from 3.9% to 3.8%. • Current square feet to population in Lawrence: 78.5 (6,479,100 s.f. ÷ 82,500 population). • To absorb 118,800 square feet requires 1,515 more residents. • Horizon 2020 population for 2010: 6,500 to 16,500 additional residents. DEVELOPMENT STRATEGIES

  34. POTENIAL IMPACT OF NEW RETAIL:Mercato: 600,000 square feet • If all remains vacant (or creates equal vacancies), city vacancy rate increases from 3.9% to 11.9%. • If all becomes occupied, city vacancy rate decreases from 3.9% to 3.5%. • Current square feet to population in Lawrence: 78.5 (6,479,100 s.f. ÷ 82,500 population). • To absorb 600,000 square feet requires 7,650 more residents. • Horizon 2020 population for 2010: 6,500 to 16,500 additional residents. DEVELOPMENT STRATEGIES

  35. POTENIAL IMPACT OF NEW RETAIL:All Three: 988,100 square feet • If all remains vacant (or creates equal vacancies), city vacancy rate increases from 3.9% to 16.3%. • If all becomes occupied, city vacancy rate decreases from 3.9% to 3.3%. • Current square feet to population in Lawrence: 78.5 (6,479,100 s.f. ÷ 82,500 population). • To absorb 988,100 square feet requires 12,600 more residents. • Horizon 2020 population for 2010: 6,500 to 16,500 additional residents. DEVELOPMENT STRATEGIES

  36. PEER CITY COMPARISONS • Selected cities similar to Lawrence. • Midwest or Great Plains • Cities that dominate their counties • Stand alone counties (little surrounding development) • Major university or similar institution • Used Survey of Buying Power for consistent measures. • Key purpose: Identify “gaps” in supply or demand. DEVELOPMENT STRATEGIES

More Related