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Focus Group: BRAG Presentation

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Focus Group: BRAG Presentation OUR TEAM Emily Mack Director Brad Beaubien Administrator for Long Range Planning Relevant Agencies Stakeholder and Community Input Redevelopment, Mixed-Use Planning, Placemaking, Connectivity, Zoning and Land Use Retail Niche Transportation, Public Financing Market Analysis, Rail-To-Trail Planning Neighborhood Market Strategy Infrastructure, Strategies Feasibility, and Policy Outreach and Public Stormwater Implementation Relations Management Strategies AGENDA 01 02 03 04 THE PROCESS INITIAL GOALS + SURVEY IMPRESSIONS OUTCOMES ACTIVITY 01 THE PROCESS PROJECT UPDATE > 2019 TASK 2 TASK 4 TASK 1 TASK 3 LEARNING ANALYSIS + STRATEGIES + DOCUMENTATION OPPORTUNITIES RECOMMENDATIONS Understanding Laying the Groundwork Visioning Putting it all together Castleton today » Targeting Analysis » Testing Strategies and » Capturing Input » Understanding the (physical, market, Recommendations Site retail etc.) » Explaining Projects » Framework and » Setting Goals and » Partnerships and » Exploring Case Catalyst Site Ideation Priorities Studies Implementation » Placemaking Steps » Defining Big Picture Opportunities » Feasibility Testing » Phasing and Costs COMPLETED UPCOMING INPUT ONGOING TARGETED FLEXIBLE City Staff and Elected 23 - Member Stakeholder Informal Coffee Chats Officials Committee » 6 Opportunities to Project Website » Advisory/Guidance Role Engage Focus Groups (9 Opportunities to (3 completed) (mycastleton.com) Engage - 3 completed) Public Workshops Topical Surveys » Broad Representation » 2 Series of Public (Business Community, Workshops (TBD) Residents, Developers, Elected Officials, City Open House Reps.) » Releasing » Final Meeting Recommendations and (Release of Final Plan to Implementation Targeted Individuals) Individual Stakeholders » Subject Based Engagement (20 Opportunities to Engage Individuals and Small Groups) UPCOMING INPUT GROUP & WORKSHOPS INDIVIDUAL Mid-June (date TBD) MEETINGS » Best days and times? Nimble and Flexible » Potential locations » 3 early meetings Our Focus completed (responding to consultant needs and » Introduction emerging opportunities) » Process » Individual & Group » Existing Conditions Engagement List Being Reviewed » Analysis Findings » 10 Upcoming Subject » Testing Opportunities Based Opportunities (in phase 2) AcTIVITIES SCOPE What it is Opportunity to Capture Community Input Establishes Goals, Policies and Recommendations Large-Scale Area Planning Effort Informs Future Land Use Economic Development Tool Plan That Can Be Implemented (short-, medium- and long-term) What it isn’t Zoning Ordinance or Rezoning Construction Plans Eminent Domain White River Master Plan WEBSITE mycastleton.com 02 INITIAL IMPRESSIONS ORIENTATION » Bookended by two potential regional » High visibility and access » Opportunities for true land use economic development drivers: the integration, vertical density, mixed White River and the Nickel Plate Trail » Signifcant anchors - Fashion Mall and income housing, quality infrastructure, Community North multi-modal blue and green » Massive regional transportaton system, infrastructure corridors, and regional including two interstates » Strong housing at edges attraction I-465 White River Sahm Park Nickel Plate Rail Corridor Fashion Mall Clearwater Shopping I-69 Castleton Square Mall Less than 3 miles 82nd Street Community Hospital North Allisonville Road Feet 0 1,050 2,100 4,200 6,300 Copyright nearmap 2015, Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AeroGRID, IGN, and the GIS User Community SIZE COMPARISON 4.36 sq mi COMPARE OVERALL STUDY AREA Castleton Study Area Understanding the Scale » Castleton Study Area - 2,790 Acres (4.36 sq mi) » Downtown Indianapolis - 2,747 Acres (4.29 sq mi) I-65 W h i » Indianapolis Square Mile - 597 Acres t 4.29 sq mi e (1 sq mi) r iv e r Mile Sq. I-65 / I-70 I-70 Downtown Indianapolis SIZE COMPARISON 240 Acres COMPARE 1,382,000 sf Retail 129 Stores SHOPPING CENTERS Understanding the Scale Castleton Mall » Castleton Mall - 240 Acres » Greenwood Park Mall – 125 Acres » Washington Square Mall – 116 Acres » Lafayette Square Mall – 90 Acres » Fashion Mall at Keystone – 90 Acres 90 Acres 60 Acres » Hamilton Town Center – 60 Acres 711,000 sf Retail 673,000 sf Retail » Glendale Town Center – 50 Acres 123 Stores 99 Stores » Clay Terrace – 50 Acres » Circle Center Mall – 8 Acres Fashion Mall at Keystone Hamilton Town Center HISTORY OF CASTLETON HISTORY OF CASTLETON HISTORY OF CASTLETON HISTORY OF CASTLETON HISTORY OF CASTLETON HISTORY OF CASTLETON HISTORY OF CASTLETON LAND USE Employment 96th street Indianapolis Metro Study Area Retail 126,951 12% 6,187 22% Healthcare / Social 184,516 18% 5,290 19% Assistance Finance & Insurance 57,436 6% 1,721 6% nickel plate line masters road Accommodation & 92,614 9% 3,384 12% Food Services Educational Services 76,789 7% 469 2% TOTAL 1,028,126 27,666 465 hague road 86th street 69 82nd street dean road dean Commercial 31% Office 12% Institutional 5% Industrial / Logistics 8% allisonville road Substation 0% shadeline avenue Detached Residential 4% Attached Residential 13% Park / Open Space 4% 75th street OWNERSHIP 96th street Largest 25 Land Owners nickel plate line masters road 465 hague road 86th street 69 82nd street dean road dean Top 5 Owners (Non Residential) Cushman & Wakefield 96 ac allisonville road Community Health 94 ac shadeline avenue Broadbent 80 ac Simon Property Group 71 ac Sunbeam 69 ac 75th street CONNECTIVITY 96th street nickel plate line masters road 465 hague road 86th street 69 82nd street dean road dean Highways Major Roadways Connected Roadways Planned Trails allisonville road Major Intersections shadeline avenue Bridges / Overpasses Poor Connectivity 75th street 82ND STREET CORRIDOR 82ND STREET CORRIDOR ALLISONVILLE CORRIDOR WATER & EASEMENTS INPUT INPUT INPUT MARKET CONDITIONS DEMOGRAPHICS Population 3,740 Median Age Avg Household Size 36.2 1.93 Four-Year Median Household Degree Income 60% $66,127 North Subarea White River I-465 Castleton Study Area Allisonville Road Population 11,217 Median Age Avg Household Size East 31.1 1.76 Subarea Four-Year Median Household 82nd Street Degree Income 51% $27,666 Southwest Subarea Indianapolis Metro Population 2,053,679 Population 4,800 Population 8,474 Median Age Avg Household Size Median Age Avg Household Size Median Age Avg Household Size 37.1 2.54 44.3 2.37 43.7 2.39 Four-Year Median Household Four-Year Median Household Four-Year Median Household Degree Income Degree Income Degree Income 34% $58,470 62% $94,536 60% $89,576 MARKET CONDITIONS MARKET CONDITIONS MARKET CONDITIONS 37 9 28 MARKET CONDITIONS Elwood CUSHMAN & WAKEFIELD INDIANAPOLIS MULTIFAMILY RESEARCH 128 37 19 9 31 213 421 MARKET38 INSIGHT 65INDIANAPOLIS MULTIFAMILY REPORT | FOURTH QUARTER 2017 47 47 32 38 39 32 52 19 75 421 Anderson The Cushman & Wakefield Multifamily Research Team provides in-depth coverage of the Indianapolis Metropolitan 9 31 38 32 IN THIS EDITION Statistical Area. In addition to analyzing multifamily rent and sale trends, these reports examine employment 69 32 9 Lebanon 38 data, key economic announcements, and development32 pipeline news. 32 Noblesville Downtown 109 38 9 Center Pendleton 36 75 65 North 69 38 Northeast 74 31 36 39 ZIONSVILLE 13 Carmel FISHERS East 52 CARMEL 67 Zionsville CARMEL Fishers 421 69 9 Southeast 865 52 421 109 465 234 267 465 37 South 136 31 234 234 465 65 Meridian NORTHEAST Southwest Hills 74 37 West NORTHWEST 67 Brownsburg Lawrence NORTH 31 Northwest 236 36 Zionsville 39 52 136 70 74 65 236 Indianapolis 70 36 Carmel 267 9 75 CENTER Greenfield IMS Fishers40 Speedway 70 465 465 40 40 Greenwood DOWNTOWN EAST Danville 36 74 65 36 WEST Avon 70 52 421 267 40 40 Beech Grove 40 74 RESEARCH TEAM 39 52 SOUTHWEST 9 Indianapolis 31 67 International MATT NIEHOFF Airport 74 465 RESEARCH ANALYST 70 52 36 Plainfield 267 [email protected] 67 SOUTH SOUTHEAST 75 Southport 52 65 MITCH OSTROWSKI 37 31 RESEARCH ANALYST 40 135 [email protected] 39 Greenwood 9 Mooresville 74 GREENWOOD 42 Fairland 144 42 44 31 144 Whiteland 42 39 67 Shelbyville 65 142 37 42 Franklin 44 44 135 74 44 9 Bud 44 Martinsville 37 252 67 252 135 31 252 65 135 Edinburgh 37 MARKET CONDITIONS MARKET CONDITIONS MARKET CONDITIONS MARKET CONDITIONS MARKET CONDITIONS MARKET CONDITIONS MARKET CONDITIONS 03 GOALS + OUTCOMES REDEVELOPMENT POTENTIAL 01 Redirecting identity of Castleton Area (declining rental values, aging properties, increased vacancies, less desirable businesses) 02 Addressing changing retail trends in an area that is retail-heavy 03 Indentify tools for investing in future infrastructure WALKABLE 04 Creating a walkable, suburban retrofit for the Castleton Area 05 Exploring future of trail oriented (re)development QUALITY OF PLACE 06 Creating a family-oriented destination 07 Addressing Public Safety, Traffic and Congestion 08 Harnessing potential of the Nickel Plate Trail and White River 04 SURVEY ACTIVITY.
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