2009 retail development seminar
TRANSCRIPT
RETAIL DEVELOPMENT
Patrick Hanlon
Retail Market Analysis
Retail Market Analysis
• Methodology– Inventory existing
retail services and dollars spent
– Determine Retail Trade Areas
– Determine where “gaps” exist in current downtown retail services
Retail Market Analysis
• Mapping – Current Downtown Retail Stores– Current Vacancies (opportunities)– Retail Trade Areas
Existing Retail
1st Floor Vacancy
Retail Opportunity
Retail Market Analysis
• Recommendations– Retail sector-specific– Targeted to “gaps” and “opportunity”
areas– City Specific Retail Development
Components of Great Downtowns
- Retail
- Public Spaces
- Streetscape
STREETSCAPE
Great Streets = Great Downtowns
Great Streets = Great Downtowns
Great Streets = Great Downtowns
Great Streets = Great Downtowns
Bad Streets =Bad Downtowns
Bad Streets =Bad Downtowns
Downtown Property Ownership
• Façade covering removal
Great Streetscapes• Are Part of
the Community
• Physically comfortable & safe
• Include symbols of the heritage
• Are MEMORABLE
Seamless Streetscape
Seamless Streetscape
Borders
Borders
Safety• Inadequate
lighting• Auto-
dominated streets
• Streets lacking trees & other amenities
• No liter• Building in
poor/dilapidated condition
User Friendly
Transit Friendly
Amenities
Amenities
Amenities
Maintenance
• Community improvement districts help fund streetscape maintenance
RETAIL
What do Shoppers Desire?
• convenience• Bargains• Retail Experience
ULI 10 Principles for
rethinking the Mall
RETAIL MIX & LOCATION
Retail Trends
Retail Trends
Retail Mix & Location
• Ground floor retail on both sides of the street
• Anchors at beginning & end of streets
• Streets around ¼ mile or 5 minute walk
• Critical mass of retail
Traditional Retail
One Sided Retail
Discontinuous Retail
Anchors
Washington Farmer’s market
Webb City Farmer’s Market
Grocery Stores
Furniture Stores
Developing Retail Mix
• Retail– Shopping– Dining
• Service– Medical– Legal
• Entertainment– Live Music– Street Festivals– Art Galleries
Entrances• Storefront
conditions– Open– Entrances– No set back from
street
Rear Entrance
Commercial Presentation
Commercial Service
Retail Presentation
Retail Presentation
Poor Retail Presentation
PEDESTRIAN ENVIRONMENT
High Quality pedestrian environment
High Quality Pedestrian Environment
Narrow Streetscape
High Quality Pedestrian Environment
High Quality Pedestrian Environment
High Quality Pedestrian Environment
High Quality Pedestrian Environment
High Quality Pedestrian Environment
High Quality Pedestrian Environment
High Quality Pedestrian Environment
Seasonal Lighting
Bicycle Friendly
Bicycle Friendly
High Quality Pedestrian Environment
Site Furnishings
Site Furnishings
PARKING
Parking
• Spaces per square foot
• Continuous on street
• Location• Designed for
grandma• Well maintained• Well lighted• Safety
Strip Mall Know Parking
On Street Parking
Parking
Landscaped Parking Lot
parking
Parking Signage
chile
PUBLIC SPACES
Public Spaces
• Central• Active borders• Flexible uses• Safety• High quality
Old Town Cape Riverfront
Sikeston Depot Commons
Silver Moon Plaza
Silver Moon Plaza
Public Spaces
• Attract Private Investment
• Improve quality• Multi-purpose
Public Spaces
Public Spaces
Public Spaces
Public Spaces
IMPLICATIONS
Lifestyle Centers
• Lifestyle center “demonstrates the successful application of key smart growth principles including a mix of land uses, compact building design, creation of a walkable environment with a distinct sense of place, and involving citizen and stakeholder participation in development decisions."
Lifestyle Center• Theater to public space = .2• Brand Blvd to upscale retail = .3• Parking (green) to Specialty
retail = .25
New Town, St. Charles
St. Louis Galleria Overlay
• Macy’s to end of mall = .3 miles
Southlake Town Square• to parking
garage .17 miles
• To movie theater .25 miles
• To post office .16
Southlake Town Square
Downtown Neosho• Park to park
= .6 miles• Courthouse to
entertainment = .1 miles
• To business development = .25miles
• To mixed use opportunity = .2 miles
Downtown Neosho
BY THE NUMBERS
Average Retail Sales
• 2006 Communities - $72
• 2007 Communities - $59
• 2008 Communities - $59
All DREAM Communities
$66
QUESTIONS