Intr oduc tion to Planning Pr oc e ss Bo a rd o f T ruste e s Me e ting Apr il 29, 2015
Ag e nda • Intr oduc tion to the te am • A mar ke t- dr ive n appr oac h • Why now? A national and r e gional pe r spe c tive • Ove r vie w of planning pr oc e ss • Involve me nt of the c ommunity
Stante c ’s Ur Stante c ’s Ur ban Plac e s Gr ban Plac e s Gr oup oup By he lping c itie s and subur By he lping c itie s and subur bs alike bs alike manage the ac c e le r manage the ac c e le r ating pac e of ating pac e of de mogr de mogr aphic , e c onomic , and aphic , e c onomic , and e nvir e nvir onme ntal c hange , we c r onme ntal c hange , we c r e ate e ate mor mor e livable , e quitable , and e livable , e quitable , and r r e silie nt c ommunitie s. e silie nt c ommunitie s.
Sta nte c ’ s Urb a n Gro up: An inte rdisc iplina ry pla tfo rm Ca n q uic kly dra w o n e xpe rtise a s ne e de d E c onomic impac t analysis: Ma tt No o nke ste r Sustainable Br ownfie lds te c hnologie s: r e de ve lopme nt: Mira nda E lia s Ra shma wi Ga rdine r Stante c Ur ban Plac e s Gr oup (Bo sto n) Re nde r ing and Many mor e animation: disc ipline s: Ma ny Chuc k mo re e xpe rts… L o unsb e rry
Cre a ting urb a n e nviro nme nts tha t maximize r e gional c ompe titive ne ss …
Our te a m, yo ur pa rtne r De lhi T o wnship Ste ve K e a rne y Da vid Dixo n, F AI A Pro je c t Ma na g e r Princ ipa l-in-Cha rg e E c o no mic / Re ta il Ana lysis a nd Pla nning / Urb a n De sig n/ De ve lo pme nt Stra te g y Pla c e ma king Sa ra h Wo o dwo rth (W-ZHA) Ne ls Ne lso n Re tail/ Offic e Marke t Analyst U rban Planne r L a urie Vo lk (Zimme rma n/ Vo lk Asso c ia te s) We i Jin, L E E D AP Re side ntial Marke t Analysis U rban Planne r E rin Ga rna ss-Ho lme s, ML A , MURP L andsc ape De signe r
A ma rke t-drive n a ppro a c h • Inve stor ’s Analysis • Ca pture ma rke t o ppo rtunitie s in o rde r to e a rn a fina nc ia l re turn • F o c us o n supply, de ma nd, e c o no mic s, a b so rptio n a nd de ve lo pme nt • “Will I ma ke mo ne y” • Stra te g ist’s Ana lysis • Re q uire s ‘ o utside o f the b o x’ thinking • “Ho w do I c re a te a ma rke t? ” • Imple me nte r 's Analysis • E c o no mic de ve lo pme nt fro m a re so urc e a llo c a tio n a nd time pe rspe c tive • “Ho w do I a c hie ve c o nse nsus, a c c o unta b ility a nd pro g re ss? ”
I mple me nta tio n fro m Da y 1 • E a rly Unde rsta nding o f Ma rke t/ E c o no mic Re a litie s – Pla nning c o nc e pts info rme d b y inve stme nt re a lity – Allo ws fo r info rme d de c isio n-ma king • T ra de -o ffs; c o sts & b e ne fits • Jump-sta rts stra te g ic thinking a b o ut imple me nta tio n e a rly in the pro c e ss – I de ntific a tio n o f to o ls & ke y sta ke ho lde rs – Ne a r-te rm ta rg e t pro je c ts a re pa c ka g e d a s pa rt o f pla nning pro c e ss, not afte r • F o rc e s the diffic ult issue s o f se q ue nc ing , pla c e ma king a nd funding to b e a ddre sse d e a rly – A Busine ss Pla n a s we ll a s a Ma ste r Pla n
Ho using a s a b uilding b lo c k fo r c ha ng e
Appro a c h a nd pro c e ss • T ar ge t mar ke t me thodology • De te r mine s mar ke t pote ntial, not de mand • How doe s the po te ntia l ma rke t live no w? • How many a re like ly to mo ve to the c o rrido r? • Who a re the y? • What a re the ir ho using pre fe re nc e s? • What a re the y a b le to pa y? • How fast will the y re nt o r b uy the ne w units?
o wnship, Ohio Mia mi T
Hig h Stre e t, Co lumb us
ra nklinto n, Co lumb us a st F E
Dub lin, Ohio
Sa ndy Spring s, Ge o rg ia
Stake holde r Inte r vie ws • Civic Asso c ia tio ns • Busine ss Asso c ia tio ns • De pa rtme nt He a ds • Zo ning Co mmissio n • Zo ning Bo a rd o f Appe a ls • T o wnship T ruste e s • Ha milto n Co unty Re g io na l Pla nning • Siste rs o f Cha rity • Ba yle y
What we have he ar d so far … • De lhi is a b o ut fa milie s • F a milie s sta y in De lhi…And c hildre n c o me (…Altho ugh no t as muc h as the y use d to …) • De lhi is no t o n the “ma in line ,” whic h is b o th a g o o d a nd b a d thing ) • T he Pike is b e tte r to da y tha n 5 ye a rs a g o …b ut no t b e tte r tha n 15 ye a rs a g o • De lhi is still a sa fe pla c e to live , b ut we a re c o nc e rne d a b o ut this • …..ADD MORE
ds ibe De lhi in 5 Wor De sc r
e ate st Asse ts De lhi’s Gr
Most Assoc iate d with De lhi
De mo g ra phic s • 1950s-la te 90s: fa milie s with c hildre n re pre se nte d la rg e st de mo g ra phic g ro up • 1950s-la te 90s: ho mo g e ne o us ma rke ts pro duc e d ma ss ma rke ts “we ar e a mar ke t of nic he s” (UL I) • 1950s-la te 90s: pe o ple unde r 50 c o nsiste ntly re pre se nte d the la rg e st sha re o f po pula tio n g ro wth • 2014: pe ople ove r 65 will r e pr e se nt the lar ge st shar e of population gr owth in most r e gions (and pe ople ove r 62 ar e ne t se lle r s of house s)
De mo g ra phic s: US • 1950s-la te 90s: fa milie s with c hildre n re pre se nte d la rg e st de mo g ra phic g ro up • 2014: single s and c ouple s r e pr e se nt the major ity of house holds in vir tually e ve r y r e gion • 1950s-la te 90s: ho mo g e ne o us ma rke ts pro duc e d ma ss ma rke ts • 2014: “we ar e a mar ke t of nic he s” (UL I) • 1950s-la te 90s: pe o ple unde r 50 c o nsiste ntly re pre se nte d the la rg e st sha re o f po pula tio n g ro wth • 2014: pe ople ove r 65 will r e pr e se nt the lar ge st shar e of population gr owth in most r e gions (and pe ople ove r 62 ar e ne t se lle r s of house s)
De mo g ra phic s: Ohio • 1950s-la te 90s: fa milie s with c hildre n re pre se nte d la rg e st de mo g ra phic g ro up • 2014: one and two pe r son house holds r e pr e se nt mor e than 50% of all house holds in Ohio • 1950s-la te 90s: ho mo g e ne o us ma rke ts pro duc e d ma ss ma rke ts • 2014: “we ar e a mar ke t of nic he s” (UL I) • 1950s-la te 90s: pe o ple unde r 50 c o nsiste ntly re pre se nte d the la rg e st sha re o f po pula tio n g ro wth • 2014: pe ople ove r 55 will r e pr e se nt AL L of Ohio’s population gr owth to 2019 (inc r e asing r oughly 1% )
De mo g ra phic s: De lhi • 1950s-la te 90s: fa milie s with c hildre n re pre se nte d la rg e st de mo g ra phic g ro up • 2014: one and two pe r son house holds r e pr e se nt mor e than 55% of all house holds within one mile of the Pike • 1950s-la te 90s: ho mo g e ne o us ma rke ts pro duc e d ma ss ma rke ts • 2014: “we ar e a mar ke t of nic he s” (UL I) • 1950s-la te 90s: pe o ple unde r 50 c o nsiste ntly re pre se nte d the la rg e st sha re o f po pula tio n g ro wth • 2014: pe ople ove r 55 will r e pr e se nt AL L of De lhi’s population gr owth to 2019 (inc r e asing r oughly 0.4% )
Ma rke ts: the gr e at inve r sion • 1990… – Golf c our se s – L a rg e ba c kya rds – Homoge ne ity – E sc ape fr om wor k – Conve nie nt auto ac c e ss • 2013… – Wa lka b le stre e ts – T ra nsit – Dive rsity – L ive ne a r wo rk – Susta ina b ility
Ma rke ts: the gr e at inve r sion • 1990… – Go lf c o urse s – L a rg e b a c kya rds – Ho mo g e ne ity – E sc a pe fro m wo rk – Co nve nie nt a uto a c c e ss • 2014… – Wa lka ble stre e ts – T ra nsit – Dive r sity – L ive ne ar wor k – Susta ina bility
Ma rke ts: the gr e at inve r sion 52% Multifamily 2008-2030 2008 Projected Existing housing housing demand supply 42% Single-family 27% Multifamily 18% Single-family
E c o no mic de ve lo pme nt: c ompe tition for e duc ate d wor ke r s 60% US is e duc ating half to two- thir ds of the knowle dge wor ke r s our % jobs requiring a knowle dge industr ie s will ne e d college degree 40% % workforce with a college degree 20% 2020 2010 2030
E c o no mic de ve lo pme nt: knowle dge wor ke r s ar e “ur ban” Roughly 2/ 3 of e duc ate d, c re ative worke rs unde r 35 se e k walkable , ur ban plac e s that support life style s
…and they are voting E c o no mic de ve lo pme nt: with their feet knowle dge jobs follow wor ke r s Be twe e n 2000 and 2009 the numbe r of c olle ge - e duc ate d 25- to 34- ye ar - olds living in or c lose to downtowns jumpe d 26% in the 51 bigge st US me tro are as
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