The City of St. Charles is at crossroads road in its development cycle. After years of steady suburban “greenfield” development, construction activity has decreased as St. Charles reaches its ultimate build-out potential. In the last 15 years there has been a substantial increase of competing commercial development outside of the City’s corporate limits; particularly, on the Randall Road Corridor. Over the same time period there has been a lack of residential development in St. Charles and surrounding communities. This combination of increased competition, static residential development, changing retail dynamics (online shopping), and the economic downturn during the “Great Recession” has affected the trade area’s vacancy rates and demand …show more content…
The consultant will be tasked with analyzing the existing commercial and office space demand in conjunction with existing trade area demographics to determine the amount of commercial square footage the trade area can support. Upon completion of the market analysis, the consultant shall identify the ideal trade area tenant mix, and/or suggested land uses for redevelopment. This study will be used to provide a base understanding of the trade area and strategic direction to encourage filling vacancies, re-use, or redevelopment of properties. To determine the true viability of St. Charles’ commercial market the City is looking to develop a better understanding of all 3 Micro-Trade areas that are classified as the East Gateway, Downtown, and West Gateway. We would like to have the selected consultant examine the following for each Micro-Trade Area: • Evaluation of the 3 existing Micro-Trade areas including types of businesses captured, vacancy rates, deficiencies, and a gap analysis. This should include a summary of who are the typical St. Charles shoppers and basic demographic
The retail area observed for this assignment was situated in Erin Mills Town Centre, level two; between Hudson’s Bay and Dynamite, and between Kernels and Sears. By looking at the retail map above, it can be seen that this area of the mall offers a variety of products and services to consumers. The retail area was primarily dominated by retail chains with the exception of two department stores which were Hudson’s Bay and Sears. The stores themselves were sized reasonably and all of them were one-storey each. However, by looking at the retail map, it can be seen that some stores occupy more area in the mall than others. The retail area that was examined also has two escalators that are close to the department stores. In regards to store type and mix, the retail area was heavily dominated by aspects of fashion
To offset the risk that comes with dependence on one economic sector, the City of Victoria and the Chamber of Commerce encourage the markets owners. Establishment of light manufacturing firms with value-added tools, congested services cafe to a overseas and local businessmen to invest money, and r targeted to local residents are especially
Woodlawn and Washington Park lack commercial vitality likely due to the low and declining residential density and the lack of disposable income needed to support retail development. Businesses in Woodlawn and Washington Park largely cluster along the neighborhoods’ commercial corridor with prime access to the CTA’s Green line Stations and are characterized by low sales volume and not much diversity. With large concentrations of vacant land and a lack of neighborhood amenities both neighborhoods will have an uphill struggle to start growing the residential base if done in isolation from UChicago and other non-profit and public partners.
St. John’s academic team won matches against both Stall High School and Burke High School Thursday evening for the first pre-playoff rounds of Charleston County School District’s quiz bowl tournament. In its first match, St. John’s edged out Stall 38-34, and later defeated Burke 37-19.
For years, the overriding hope for officials, business owners and many residents of the city of Seminole was for Seminole Mall to be rebuilt and bring with it a vibrant shopping destination that would usher in jobs and prosperity. That goal seems within grasp now that developers have proposed tearing down the existing structure and building a spiffy, more modern design with room for a 12-screen movie complex, a fitness center, retail shops and restaurants (Lindberg, July 31, 2014). In this section, the redevelopment of the Seminole Mall into the new Seminole City Center will be discussed; furthermore, the assessment and analysis of the effectiveness of the policy initiative, with regards to the economic foresight and in relation to other city improvements.
Several communities surrounding West St Catharines have different land use history. To begin, I will start with Martindale. Martindale was used to be grapevines. It was given by the name as the Grapeview area. Today, it does have a significant increase of residential areas. There are unclosed shopping centers located as well. Several public schools and churches are being built. It has now constructed a new hospital as a home to the Niagara Regional Health Care System. It provides the best Niagara Healthcare services in the area. There is also a local park called the Grapeview Park.
Supply and demand play a major role in the value of real estate. The forces behind supply and demand include physical, economic, political, sociological, and location issues. The location of the subject property within St. Johns provides many positives with respect to value. First, the proximity to local highways not only provides for ingress and egress, but gives the subject neighborhood exposure to potential tenants or clients. It provides a quick means of transportation for employees or customers. Second, the location of St. Johns in proximity to Lansing and the rest of Michigan is an advantage. This proximity provides additional workforce, complementary businesses, and suppliers.
In regards to St. Clair County obesity is a leading health issue in the St. Clair County Community and listed to be one of the leading causes of deaths in the United States. It seems that through research the obesity rate has fluctuated over previous years, but has not made any significantly positive changes. If the obesity rate continues to be a major health disparity lives are at risk of premature death. The health commission and several health agencies/ organizations are working hard to decrease the number of obesity cases, and preventing the onset of type II diabetes.
To gain a better understanding of the retail and commercial activity in the Toronto area, two different types of retail will be evaluated in the following report. The character, market orientation and location of a retail space all play crucial role in contributing to the success of the business. All three aspects of the retail spheres will be carefully assessed in order to make direct comparisons between the two types of retail businesses. The two retail systems that will be contrasted includes the ancillary retail system in downtown Toronto and the Retail Strip on Spadina, south of Baldwin.
It is easy to see that Etowah’s success is a result of their asset-based development strategy. Taking something old and unused and turning it into a unique asset that supports the town and local vendors. However, many rural communities lack adequate technology and/or connections to advertising. Available funds can really affect how well a small community is able to advertise the various amenities they have to offer. As previously noted, the Chamber of Commerce in Etowah became acutely aware of the town’s inability to market and advertise the downtown area and initiated the publishing of a shopping and dining guide (Lambe, 2008, p. 57). Will this shopping and dining guide be enough to draw in more visitors and tourists from other regions or states? The inability to adequately advertise could potentially affect the number of visitors and tourists going through Etowah, which could put a significant strain on the local economy. Many people depend on these amenities for jobs and if a small town like Etowah is unable to develop a strategy for allocating appropriate money for larger scale advertising, the rail excursions and downtown shops and restaurants will
The distribution of sales in this area are relatively split between mass merchandisers and the specialty stores. I think a population analysis of the area would be beneficial to see what areas have a growing population as this would have focus sales efforts for not only contractors developing land but also DIYers who are moving out of the metropolitan area. Over all the sales are relatively split relatively even between the DFW metropolitan areas and the surrounding counties.
In St. Louis, one in two black children, opposed to one in 25 white children, attend a school that is non-accredited. This means that the school performs so poorly that they don’t meet basic standards to provide students the opportunity for academic success. After her school was stripped of its accreditation, Mah’Ria was bused to a different school district, one that valued students more than the Normandy school district did. Mah’Ria is a high-performing student who desperately wanted a better education, but was denied that right based on where she lived. Not only were classes too easy and the teacher’s incompetent, but also the school as a whole was disorganized. For students like Mah’Ria, low-quality schools have a negative impact on them and begin to discourage them from even trying to create a different life path, because
The Hudson’s Bay Company is higher end department store that offers high quality items. In Winnipeg, there are 3 locations; one in St. Vital which is known for their middle class shoppers. The second location is the Downtown location which is popular among the downtown workers who shop during their lunch break or after their work day is over. The downtown location was the largest location in Winnipeg, over the past few years, they have begun to diminution the size on their store, slowing decreasing the amount of floors they occupied. The third location is the Polo Park location which is located in an upper class shopping center. All of the three locations serve to a slightly different target market. The location that this paper will focus on is the Polo Park Hudson’s Bay. Polo Park Hudson’s Bay is located in an upper scale shopping mall. The shopping mall includes many upscale shopping stores. Polo Park Hudson’s Bay target is female shoppers with higher incomes. “The majority of our shoppers are females in who live in the River Heights area.”
Gentrification is the process of buying and renovating houses and store the housing in urban neighborhoods, which results in increase property values and replacing the lower income and small businesses. Once gentrification happens, rental units are often change to a more luxury housing or condominiums that are available to be purchased. As real estate changes, land use is also altered. Before the gentrification happens, the area usually consist of low-income family housing and sometimes light industries. But after the gentrification, it shifts the housing in an urban community lifestyle, along with businesses, office, restaurants, retails, and other form of entertainment. Because of this gentrification, it significantly affects the area’s character and
Catchment analysis pre launch would ideally decide the product mix and formats of the stores. Catchment analysis done after a time gap of launch would also give a correct picture of whats happening and where to concentrate market energies to get more walk ins.