Thorndale Corridor Master Plan Wood Dale, Illinois

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Thorndale Corridor Master Plan Wood Dale, Illinois Thorndale Corridor Master Plan Wood Dale, Illinois THE LAKOTA GROUP S.B. Friedman & Company TranSystems October 14, 2009 Thorndale Corridor Master Plan Contents SECTION 1: INTRODUCTION PLANNING MISSION ......................................................................... 1.1 PLANNING PROCESS ........................................................................ 1.3 PLAN PURPOSE ................................................................................... 1.5 THE COMMUNITY .............................................................................. 1.6 THE STUDY AREA .............................................................................. 1.7 SECTION 2: LAND USE/PHYSICAL CONDITIONS LAND USE .............................................................................................. 2.1 ZONING .................................................................................................. 2.5 PHYSICAL CONDITIONS ...............................................................2.13 LAND OWNERSHIP ..........................................................................2.18 SECTION 3: TRANSPORTATION OVERVIEW ............................................................................................. 3.1 ROADWAY NETWORK ...................................................................... 3.2 TRANSIT NETWORK ......................................................................... 3.9 FREIGHT NETWORK ......................................................................3.10 O’HARE AIRPORT .............................................................................3.10 TRANSPORTATION IMPROVEMENTS .....................................3.11 SECTION 4: INFRASTRUCTURE PUBLIC UTILITIES .............................................................................. 4.1 PRIVATE UTILITIES ........................................................................... 4.5 SECTION 5: REAL ESTATE MARKET ECONOMIC PROFILE ...................................................................... 5.1 OFFICE MARKET ................................................................................ 5.9 HOTEL MARKET ...............................................................................5.28 RETAIL MARKET ..............................................................................5.35 BUSINESS PARK/INDUSTRIAL MARKET ...............................5.38 POTENTIAL DEVELOPMENT PROGRAM ..............................5.39 i Thorndale Corridor Master Plan Contents SECTION 6: CONSTRAINTS/OPPORTUNITIES INTRODUCTION ................................................................................. 6.1 CONSTRAINTS/ISSUES ..................................................................... 6.1 OPPORTUNITIES/STRENGTHS .................................................... 6.3 REDEVELOPMENT OPPORTUNITIES ....................................... 6.4 SECTION 7: CORRIDOR PLAN CORRIDOR FUTURE .......................................................................... 7.1 GOALS/OBJECTIVES ......................................................................... 7.8 MASTER PLAN COMPONENTS ...................................................7.12 ROAD NETWORK .............................................................................7.29 INFRASTRUCTURE SYSTEM .........................................................7.31 SECTION 8: IMPLEMENTATION IMPLEMENTATION STRATEGY ................................................... 8.1 COMMUNICATION/COORDINATION ......................................8.1 REDEVELOPMENT APPROACH ................................................... 8.3 PRIORITY PROJECTS ......................................................................... 8.4 CODE CHANGES/DESIGN GUIDELINES ................................ 8.9 FINANCING PLAN ............................................................................8.10 AREA BRANDING/MARKETING ...............................................8.13 STREETSCAPE/SIGNAGE DESIGN ...........................................8.14 ii SECTION 1 - INTRODUCTION Thorndale Corridor Master Plan Section 1: Introduction Planning Mission The City of Wood Dale engaged The Lakota Group (planning and design), S.B. Friedman & Company (real estate economics), and TranSystems (civil engineering and transportation planning) to assess the redevelopment potential of the Thorndale Avenue Corridor located on the north side of the community. This key arterial roadway, which serves a large number of area businesses and residents, will be the main access corridor for the new western terminal planned for O’Hare International Airport. (also see Figure 1.1) In 2001, the City of Chicago announced the O’Hare Modernization Program (OMP), a $6.6 billion capital improvement and expansion project with the intent to bring O’Hare Airport into the 21st century. The OMP will reconfigure O’Hare’s existing intersecting runways into a more parallel layout to increase the capacity of the airport, reduce delays in all weather conditions and allow it to meet the region’s aviation needs well into the future. A key component of the OMP is a new 50 gate western terminal facility, which will significantly expand and improve regional access to the airport. In 2005, the Federal Aviation Administration (FAA) signed a Record of Decision that included the new western entrance to the airport. In the same year, $140 million in federal funding through the SAFETEA- LU 2005 program was approved for the Elgin O’Hare Expressway Extension–West Bypass Project. This project will provide direct access to the western terminal along Thorndale Avenue between York Road and I-290/Illinois Route 53. The Illinois Department of Transportation (IDOT) is currently evaluating transportation needs and system alternatives for this route. Additionally, options for a western bypass to connect the Thorndale Corridor to I-90 and I-294 are being considered. Public mass-transit options are also being considered along the Corridor right-of-way to further enhance regional connectivity and airport access. Once these improvements are in place, the increased access and connectivity will fundamentally change the land use character and economic position of this Corridor. The Study Area, which is located at the future Wood Dale Road interchange with the Elgin-O’Hare Expressway just two miles west of the airport, is strategically positioned to attract airport-related “gateway” development. This targeted study follows the “West O’Hare Corridor Economic Development Study” prepared by TranSystems, The Lakota Group, and S. B. Friedman & Company for DuPage County in 2006. The County- wide study analyzed airport-related economic development opportunities and constraints at a regional level. 1.1 Thorndale Corridor Master Plan Section 1: Introduction As a follow-up to that study, the Thorndale Corridor planning assignment is an important opportunity for the City of Wood Dale to: •฀ Address land use and physical conditions within the Study Area. •฀ Identify land use opportunities created by the OMP. •฀ Develop an optimal short and long-range development framework for the Corridor. •฀ Improve the community’s land use, transportation, physical conditions, and overall quality of life. •฀ Create concepts and strategies for key sites within the Corridor that enhance and revitalize the area. •฀ Create a clear, documented vision for the Corridor that “sets the stage” for funding strategies, capital improvement programming, and economic development activities. •฀ Establish a planning framework for future changes to development regulations that emphasize high quality, sustainable site and building design. •฀ Establish a program for implementing the new Corridor Plan based on priority projects and initiatives. Figure 1.1: Study Area Context 1.2 Thorndale Corridor Master Plan Section 1: Introduction Planning Process The first phase of the process involved an assessment of the Corridor’s land use and physical setting, transportation network, and real estate market. The process began in October 2008 and included the following actions: PROJECT START MEETING (OCTOBER 21, 2008) A meeting with City staff and City Council representatives to initiate the process, define constraints and opportunities, and define initial planning goals. TEAM FIELDWORK The Lakota team conducted several area visits to review and assess Corridor constraints and opportunities. IDOT REVIEW MEETING (NOVEMBER 18, 2008) The team met with IDOT representatives to review the status of engineering work for the Elgin-O’Hare Expressway extension. The team and City staff briefed IDOT on the Corridor planning process, its goals, and timeline. FOCUS GROUP (NOVEMBER 20, 2008) A focus group meeting was held with property and business owners located in the Study Area to discuss existing conditions, land use, transportation, the planned Elgin O’Hare-Western Bypass improvements, and development opportunities. INTERVIEWS (DECEMBER 2008/JANUARY 2009) The team conducted one-on-one interviews with several large property owners to discuss land values, business or property development plans, and area needs and opportunities. STATE OF THE CORRIDOR Following the completion of the first phase analysis, the team prepared the State of the Corridor report summarizing the area’s constraints and opportunities. DEVELOPMENT CONCEPTS Based on the land use, transportation, and infrastructure issues and opportunities identified, along with the real estate market data, a range of alternative development concepts for the Corridor. 1.3 Thorndale Corridor Master Plan Section 1: Introduction
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