Norman, OK April 27 - May 1, 2015
An Advisory Services Panel for Norman, OK
An Advisory Services Panel for Norman, OK Norman, OK April 27 - May - - PowerPoint PPT Presentation
An Advisory Services Panel for Norman, OK Norman, OK April 27 - May 1, 2015 Norman, OK April 26 May 1, 2015 About the Urban Land Institute The mission of the Urban Land Institute is to provide leadership in the responsible use of
Norman, OK April 27 - May 1, 2015
An Advisory Services Panel for Norman, OK
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Norman, OK · April 26 – May 1, 2015
provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide.
34,000 members worldwide representing the spectrum of real estate development, land use planning, and financial disciplines, working in private enterprise and public service.
– Conducts Research – Provides a forum for sharing of best practices – Writes, edits, and publishes books and magazines – Organizes and conducts meetings – Directs outreach programs – Conducts Advisory Services Panels
About the Urban Land Institute
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Norman, OK · April 26 – May 1, 2015
land use subjects
advice on important land use and real estate issues
tour
write recommendations
The Advisory Services Program
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Norman, OK · April 26 – May 1, 2015
The Panel
Orlando, FL
Associates Boston, MA
Planning + Development New York, NY
New Orleans, LA
Dallas, TX
Houston, TX
Indianapolis, IN
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Panel Assignment
and private interests for development to create a vibrant mixed-use development at the Griffin Memorial Hospital Site?
types of land use sales should be first?
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Thanks to the following sponsors:
and Substance Abuse Services (ODMHSAS)
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Overarching Priorities
public benefit objectives
to surrounding neighborhoods and downtown
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The Study Area
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Presentation Overview
I. Market Potential
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Building Healthy Places
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Demographic Profile
Sources: City of Norman, U.S. Census Bureau, Norman Economic Development Coalition/census.gov
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Demographic Profile
Source: Norman Economic Development Coalition/census.gov 20000 40000 60000 80000 100000 120000 140000 160000 2000 2010 2020 (est) 2030 (est)
Norman Population Trends
Population Growth
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Norman, OK · April 26 – May 1, 2015
Major Employers
The University of Oklahoma Norman Regional Hospital Norman Public Schools Johnson Controls Riverwind Casinos Walmart Supercenters City of Norman Hitachi SYSCO Foods National Oceanic & Atmospheric Administration (NOAA) SuperTarget Oklahoma Veterans Center U.S. Postal Services SITEL Moore-Norman Technology Center AT&T Astellas Technologies 12,266 2,874 1,951 1,200 963 950 829 440 420 400 380 356 350 300 233 225 180
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Income & Employment
Median Income per Household (2013): $48,508
Unemployment Rate: 3.8% Unemployed workers willing to work: 4,304 Workers Underemployed: 12,131
Source: Norman Economic Development Coalition/census.gov
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Norman, OK · April 26 – May 1, 2015
Housing Profile
5 minute travel distance:
Source: ESRI
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Norman, OK · April 26 – May 1, 2015
Housing Profile
15 minute travel distance:
Source: ESRI
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Housing Profile
30 minute travel distance:
Source: ESRI
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Office Profile
Norman:
Class A: 70,000 sf in construction @ $25.00 Class B: 900,000 sf @ $17.27 Class C: 1,809,000 sf @ $14.07
OKC Metro Area:
Class A: 7,558,754 sf @ $20.33 Class B: 30,193,728 @ $15.40 Class C: 17,129,404 @ $12.67
Source: ESRI
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Retail Submarket: Cleveland County
4.2% vacancy $14.01 average rent 12,893,957 sq. ft. in 1,159 buildings
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Norman, OK · April 26 – May 1, 2015
Development Opportunities
Best Practices:
Redevelopment Scenario Objective: Maximize Land Value
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Development Opportunities
Research
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Development Opportunities
current and future users
Site Assets
hospital, and university campus
Redevelopment Plan
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Development Opportunities
Objections to Development
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Retail
Stores
Food and Beverage
Potential Uses
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Offices
above retail
Potential Types
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Residential
Potential Types
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Cultural and Arts Center
Potential Anchors
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Phases
Initial phases: Northern parcel
Future phases: Northern parcel
Southern parcel
Potential Uses
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Connectivity to Proposed Greenway System
Regional Context
Sutton Wilderness
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Connection to Historic Main Street
Regional Context
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The Existing Site
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Property Evaluated For:
Significance
Significance
Efficiency
Vision Plan
Site Evaluation
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Facility to Remain Facility to be Demolished Function to be Relocated Facility to be Demolished Building to be Repurposed
Site Evaluation
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Wellness Park Retail Mixed Use Residential Mixed Use
Proposed Land Use
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Vision Plan
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The Vision Plan: Parks
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The Vision Plan: Parks
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The Vision Plan: Parks
Connection to Griffin Park and Sutton Wilderness Connection to Fairground and Farmers Market
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The Vision Plan: Wellness Campus
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The Vision Plan: Commercial Mixed Use District
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The Vision Plan : Commercial Mixed Use District
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The Vision Plan : Residential Mixed Use District
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The Vision Plan : Residential Mixed Use District
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Guiding Principles
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Pre Development Tasks
– Infrastructure/Utilities – Site Development Plans
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Pre Development Tasks
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Structure
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Roles and Responsibilities
for Proposal soliciting Master Developer(s)
process
financing
developer agreement
relationships
communications strategy
State
predevelopment tasks
preparation
establish Redevelopment Entity
partners
with the Redevelopment Entity to sell and transfer property
create and embrace guiding principles
design guidelines
sources
Redevelopment Entity to establish appropriate funding mechanisms
development
Redevelopment Entity City
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Maximize Community Assets: Well Norman Coalition
– 10 year strategic plan – Resource and funding analysis
joint or coalition ownership innovative financing structures generate revenue (e.g. New Market Tax Credit)
the State and Redevelopment Entity
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– Health and well-being services – Bike and walking paths, Bishop Creek nature trail – Arts and culture
services and amenities along with other quality of life initiatives with key decision makers
to City Council
Norman Forward
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Funding
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and/or SAD(Special Assessment District)
Administration) Grants
Environment Quality)
National)
Possible Funding Sources
Projects Strategy)
Authority)
Health Services Administration)
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Partnership
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Conclusion
Shared Vision
Political will Cooperation Capacity Challenging and long-term changes Robust civic engagement Bold Decisions
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Thank you to our stakeholder interviewees…
| Dave Boeck | Jane Bowen | Karen Canavan | Teresa Caps | Ian Carlton | Hon. Robert Castleberry | Susan Connors | Mike Cordial | Durand Crosby | Susan Connors | Mike Douglas | Rosario Douglas | Jim Eller | Eric Fleske | Jud Foster | Anthony Francisco | Rachel Francks | Christy Fuentes | Jim Fullingim | Jim Gassaway | Erinn Gavagahn | Steve Gillis | Bob Goins | Cindy Gordon | Alisha Grayson | Ben Graves | David Guest | Diane Hartley | Judy Hatfield | Nick Hathaway | April Heiple | Hon. Greg Heiple | Pia Hildebrandt | Charles Hollingsworth | Hon. Stephen Holman | Lex Holmes | Keith Humphrey | Dawn Jourdan | Sara Kaplan | Tom Knotts | Ken Komiske | Lisa Krieg | Debra Krittenbrink | Hon. Jerry Lang | Steve Lewis | Angelo Lombardo | Bryce Lowery | Carol Martin | Scott Martin | Anne Masters | Richard McKinney | Gene McKown | Richard McKown | Doug Meyers | Nick Migliorino | Hon. Lynn Miller | Christy Moore | Anthony Natale | Stephanie O’Hara | Shawn O’Leary | Renee Porter | Kendal Posey | Rohit Rai | Andrew Rice | Andy Rieger | Cindy Rogers | Mayor Cindy Rosenthal | Susan Sasso | Dan Schemm | Joe Siano | Karleene Smith | Hon. Darry Stacy | Senator Rob Standridge | Aondover A. Tarhule | Chuck Thompson | Paul Tryggestad | David Whitaker | Terri White | Clint Williams | Judith Wilkins | John Woods | Don Wood | Brad Worster | Taylor Yewell | Nancy Yoch
And everyone else!
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Norman, OK · April 26 – May 1, 2015