Download - "Cassady Corner" Development Plan for the City of Bexley, Ohio

CASSADY CORNERDevelopment Plan

Development Team: Prestige PartnersSean ClarkGrant GuyuronMark HarrisBrian MandelScott Ulrich

Agenda

04/08/23Prestige Partners | Development Plan | Cassady Corner

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Project Overview Site Plan Categories and Density of Uses Market Research Critical Timeline Questions

Project Overview


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Cassady Corner Vision: To create a vibrant, safe and walkable

mixed-use development that serves the needs of the North Bexley Community.

Current conditions of North Cassady Community needs

SWOT Analysis

04/08/23Prestige Partners | Preliminary Development Plan |

Cassady Corner

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Strengths OpportunitiesExisting 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 ThreatsObsolete buildings Weak real estate marketFractured parcel ownership Perception as part of Columbus, not

BexleyRailroad noise Decline in market position over timeShallow lotsPossible environmental remediation of sites

North Bexley Demographics


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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%

Drive Time Map


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Neighborhood Retail Needs


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Anchors Supermarket Drugstore Restaurant Hardware store

Other retail uses Offices (medical, dental) Clothing and accessories (women’s ready-to-wear or

specialty, shoes) Gifts/specialty (cards, flowers, gifts, jewelry) Other retail (eyeglasses, beauty supply) Personal services (hair/nail, dry cleaner)

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Development Blocks

04/08/23

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As few phases as possible Cuts costs Critical mass

Start with south side Most

underutilized Eliminates the

risk Preserves

viable businesses Coffee shop,

Natural Market, massage therapists

Phasing

Design Concepts10

Maximize walkability Buildings on the street Parking in back * Wider sidewalks *

Reinforce identity Hard corners

Reflect character 1-3 stories Long, continuous edges

Create vitality Retail on bottom floors


Difficulties11

Parking shallow buildings with

continuous edges deeper buildings with lack of

continuity All parking on edges and

buildings on middle parcels Possibilities:

Shared parking schemes Reduced parking

requirements04/08/23Prestige Partners | Development Plan | Cassady Corner

Site Plan – Land Use Efficiency


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Existing Land Use

Square

Footage

Proposed Land Use

Square Footag

e

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

Phase 1 – Food Block (existing)


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Phase 1 – Food Block (proposed)


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15,000 SF Food/ Retail 1 Story

Phase 1 – Food Block (proposed)


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Phase 1 –Wellness Block (existing)


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Phase 1 –Wellness Block (proposed)


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14,000 SF Medical Offices 1 Story

Phase 1 –Wellness Block (proposed)


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Phase 1 – Retail/Office (existing)


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Phase 1 – Retail/Office (proposed)


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8,000 SF Retail First Floor 8,000 SF Office Second Floor 8,400 SF Public

Park/Greenspace

Phase 1 – Retail/Office (proposed)


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Phase 1 – Retail/Office (back-up)


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Phase 2 – Residential/Retail (existing)


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Phase 2 – Residential/Retail (proposed)


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9,300 SF Retail First Floor 18,600 SF Residential 2nd/3rd

Floors

Phase 2 – Residential/Retail (proposed)


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Phase 2 – Civic Block (existing)


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Phase 2 – Civic Block (proposed)


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10,000 SF Civic First Floor

1 Story Preserving Community

Housing Partners Re-aligned Delmar

Drive (within existing right-of-way)

Phase 2 – Civic Block (proposed)


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Zoning / Regulatory


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No front setbacks Rear may be necessary to manage alley

clearance Instead, build-to line More flexible use restrictions

“Office Commercial” vs. “Neighborhood Commercial” vs. “Low Density Multi-Family Residential”

> “Mixed Use Neighborhood Center” < Allow three-story Main Street Design Guidelines

Shielding street-fronting parking lots Ensuring vertical variation on long buildings Passageways to access parking lots

Financial Incentives / Infrastructure


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How to improve the Columbus side of Cassady?

TIF – Tax Increment Financing Pools increased property values from

redevelopment on Bexley side, contributes to infrastructure improvements on both sides

Complications: CRA – Community Reinvestment Area

Tax abatements reduce pool of funds JEDD – Joint Economic Development District

Timeline

Based on experience of Plaza Properties, developer of Bexley Gateway

Step 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19Identify OpportunityResearch PropertyControl PropertySite PlanPro Forma AnalysisMarketingEntitlementsFinancingConstructionOpen for Business

Time Frame (months)

Financial Plan

See Excel spreadsheet

Download - "Cassady Corner" Development Plan for the City of Bexley, Ohio

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