DOCSLIB.ORG

Southwest Interchange of 84Th Street & Interstate 894/41 Greenfield (Suburban Milwaukee), Wi Investment Highlights Subject Offering

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Southwest Interchange of 84Th Street & Interstate 894/41 Greenfield (Suburban Milwaukee), Wi Investment Highlights Subject Offering SOUTHWEST INTERCHANGE OF 84TH STREET & INTERSTATE 894/41 GREENFIELD (SUBURBAN MILWAUKEE), WI INVESTMENT HIGHLIGHTS SUBJECT OFFERING id-America Real Estate Corporation, in cooperation with Mid-America MReal Estate – Wisconsin, LLC has been retained on behalf of the owner to sell the 100% fee simple interest in the mid-box retail portion of 84 South, a brand-new development serving Milwaukee’s southwest suburbs around Greenfield, Wisconsin. Location: Southwest Interchange of 84th Street & Interstate 894/41 Greenfield, Wisconsin Total GLA: 194,900 SF Mid-Box West Mid-Box East Tenants: Five Below, Fresh Thyme Tenants: Kohl’s (Prototype) and Total Farmer’s Market, Kirkland’s, Oshkosh Wine Bigosh/Carter’s, Ross Dress for Less, Marshalls, and Ulta Square Feet: 80,000 SF Square Feet: 114,900 SF Shadow Anchor: Steinhafels (58,000 SF), Advocate Aurora Healthcare (150,000 SF), Forte at 84 South (268 residential units) Year Built: 2017 – 2018 Structure: Ownership’s preference is to sell Mid-Box East and Mid- Box West together. However, ownership will entertain offers for the assets on an individual basis. KEY FEATURES LONG-TERM NATIONAL TENANCY – 84 South is 97% leased to an array of national retail category leaders including Kohl’s, Fresh Thyme Farmer’s Market, Ross Dress for Less, Marshalls, Ulta, and Total Wine. The subject offering provides an extremely stable cash flow with aweighted average lease term remaining of 12.7 years. IRREPLACEABLE LOCATION – The property is situated adjacent to Interstate 894 (134,000 VPD) along Layton Avenue (32,400 VPD) at a partial interchange with 84th Street (30,300 VPD) and just west of a full interchange with Forest Home Avenue (18,200 VPD), providing outstanding access to both a local and regional customer base. NEW CONSTRUCTION – Mid-Box East and West are the retail component of a ground-up new construction mixed-use development. The recent development has created an aesthetically appealing center which should limit any short-term capital expenditures. MIXED-USE CUSTOMER DRAW – The shopping center is shadow-anchored by Steinhafels, the fastest growing furniture and mattress retailer in Wisconsin. The mixed-use development also features a 150,000-square-foot Advocate Aurora health center and Forté, a 268-unit apartment complex, which further enhance foot-traffic at the shopping center. Advocate Aurora health center is a health and ambulatory surgery center, which includes a children’s pediatric center, orthopedics, a multi-disciplinary specialty clinic, sports health, and an outpatient imaging center, amongst other services. SOLID MIDDLE INCOME DEMOGRAPHIC PROFILE – The surrounding area boasts a dense and established customer profile with over 102,900 residents located within a three-mile radius of the property enjoying average household incomes of $71,500. Within five miles population increases to 274,600. DOMINANT RETAIL MARKET – The subject offering is situated within the Southridge Mall trade area, a dominant regional corridor that serves Milwaukee’s southwest suburbs. The market features over 2.1 million square feet of retail including the largest mall in Wisconsin, Simon’s 1.2 million-square-foot Southridge Mall, which generates shop sales of over $450 per square foot. Major retailers in the trade area include TJ Maxx, Macy’s, Pick ‘n Save, Barnes & Noble, PetSmart, JCPenney, Walmart, Bed Bath & Beyond, Petco, and Jo Ann. DEMOGRAPHIC PROFILE WITHIN 5-MILE RADIUS: POPULATION AVERAGE HH INCOME HOUSING UNITS MEDIAN HOME VALUE DAYTIME POPULATION MEDIAN AGE 270,457 $73,673 114,649 $188,678 243,357 41.0 LEASING PLAN 134,000 VPD 30,000 SF Available for Development (NAP) 58,000 SF A4 A6 B1 B2 B3 B4 B5 B6 B7 B8 150,000 SF (NAP) Summer 2020 Delivery Forte 268 Residential 0.85 Acres Units Available for (30,300 VPD) 84th Street Development Layton Ave (32,400 VPD) Mid-Box East Mid-Box West Tenant Name Unit Square Feet Tenant Name Unit Square Feet Fresh Thyme Farmer's Market B1 28,750 Kohl's A4 55,000 Ross Dress For Less B2 25,000 Total Wine A6 25,000 Marshalls B3 21,000 Mid-Box West Total 80,000 Ulta B4 9,997 Kirkland's B5 8,053 OshKosh Bigosh/Carter's B6 6,900 Vacant B7 6,700 Five Below B8 8,500 Mid-Box East Total 114,900 Germantown Mequon LOCATION & MARKET ¦¨§41 ST181 • 84 South is located in Greenfield, Milwaukee County, Wisconsin, approximately Menomonee Falls eight miles southwest of downtown Milwaukee. Greenfield is home to approximately 37,000 residents. • The Milwaukee MSA boasts a healthy unemployment rate of 2.7% compared Glendale to 3.9% for the United States overall (seasonally adjusted as of December Whitefish Bay 2018). Milwaukee’s economy is well diversified between numerous sectors ¦¨§41 including trade, transportation, and utilities; manufacturing; educational and Shorewood health services; and professional and business services. The MSA is also ST190 home to the international headquarters of eight Fortune 500 companies: Fiserv, Harley-Davidson, Kohl’s, Manpower, Northwestern Mutual, Oshkosh, ¦¨§43 Wauwatosa Rockwell Automation, and WEC Energy. Brookfield • 84 South benefits from its proximate location adjacent to I-894, offering ¤£18 excellent visibility and convenient access. I-894, which runs concurrently ¦¨§94 ¦¨§94 West Allis with Interstates 43 and 41 in Greenfield, serves as a bypass of downtown Milwaukee, connecting with Interstate 94 west of downtown and the Mitchell Interchange south of downtown. The shopping center also fronts Layton Avenue (32,400 VPD), a major east-west corridor that runs just west of Greenfield to Lake Michigan at its eastern terminus. New Berlin ST38 ¨§894 Greenfield ¦ Cudahy Greendale DEMOGRAPHICS ¦¨§43 Distance from Subject: 1 mile 3 miles 5 miles 2018 Population 9,975 100,132 270,457 Franklin 2018 Households 4,950 44,725 114,649 Oak Creek 2018 Median Home Value $206,878 $191,289 $188,678 2018 Daytime Population 11,147 87,916 243,357 2018 Average Household Income $74,695 $74,216 $73,673 36 ST ST241 2018 Median Household Income $52,346 $56,763 $56,383 ST36 2018 Per Capita Income $34,925 $33,067 $31,292 ¦¨§41 2018 Median Age 48.6 43.8 41.0 PROPERTY DESCRIPTION • 84 South is a brand-new construction development and consists of 194,900 square feet. In addition, the shopping center features a separately-owned Steinhafels (58,000 square feet), Advocate Aurora health center (150,000 square feet), and Forte at 84 South residential component (268 units). • The subject offering is accessible by one signalized intersection along Layton Avenue, two curbs cuts along Layton Avenue, one curb cut along 84th Street, and one along 92nd street. The shopping center shares access with Steinhafels and numerous outlot buildings fronting Layton Avenue including Outback Steakhouse and two multi-tenant outlots. TENANCY • 84 South is 97% leased to a truly unrivaled anchor lineup that consists of some of the strongest retailers in the country, including Kohl’s, Fresh Thyme Farmer’s Market, Ross Dress for Less, Marshalls, Ulta, and Total Wine. The combined financial strength of the anchor tenants in-place at 84 South offers the rare opportunity to purchase a center where a diverse and largely credit-anchor lineup is responsible for 85% of the in-place gross income with a weighted average lease term remaining of 12.7 years. • The subject offering is shadow anchored by Steinhafels, a family-owned company established in 1934 that currently operates 18 locations throughout the state. 84 South also features two multi-tenant and two single-tenant outlot buildings fronting Layton Avenue that are not included in the subject offering. • The following table demonstrates the financial health and credit quality of the income stream at 84 South. Retailer Stock Symbol Store Count S&P Credit Rating Revenue (TTM 2019) % In-Place Gross Income Kohl's KSS 1,155 BBB- $19.5 billion 15.6% Ross Dress for Less ROST 1,483 A3 $14.9 billion 13.2% TJX Companies (Marshalls) TJX 4,070 A+ $38.8 billion 10.9% Ulta ULTA 1,124 N/A $6.5 billion 7.7% Five Below FIVE 700 N/A $1.5 billion 5.6% Kirkland's KIRK 380 N/A $656 million 5.1% Carter's (OshKosh Bigosh/Carter's) CRI 1,050 BB+ $3.5 billion 4.8% FINANCIAL The property is being offered “free and clear” of any existing debt. Total In-Place Net Operating Income: $2,463,800 Mid-Box East Net Operating Income: $1,578,815 Mid-Box West Net Operating Income: $884,985 The Wrigley Building Rick Drogosz 600 N Plankinton Ave, Suite 301 Dan Rosenfeld 410 North Michigan Avenue, Suite 1100 Principal Milwaukee, WI 53203 (Licensed WI Broker) Chicago, Illinois 60611 Direct: 630.954.7339 Direct: 248.855.6800 Direct: 414.390.1402 630.954.7300 [email protected] [email protected] This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies..
Load more

Recommended publications
  • Bicycle & Pedestrian Plan City of Greenfield
    Bicycle & Pedestrian Plan City of Greenfield Department of Parks & Recreation Staff Experience [Draft 4/20/2009] City of Greenfield Bicycle and Pedestrian Plan Acknowledgements Common Council Technical Advisory Committee Linda Lubotsky, District 1 Scott Jaquish, Director, Parks and Recreation Dept. Tom Pietrowski, District 2 Karl Kastner, Alderman Karl Kastner, District 3 Grant Dawson, Parks/Facilities Supervisor Don Almquist, District 4 Curt Bolton, City Engineer Pamela Akers, District 4 Jeff Tamblyn, Senior GIS Technician Shirley Saryan, District 5 Dan Ewert, Superintendent, Public Works Mayor Michael J. Neitzke Darren Rausch, Health Director Dennis Fermanich Parks and Recreation Board Catrine Lehrer‐Brey, Bike Federation of Wisconsin Kathleen Doonan, Chair Denise Collins, Vice‐Chair Ald. Shirley Saryan, Common Council Rep. Audrey Ellison, Greenfield SD Rep. Nancy Zaborowski, Whitnall SD Rep. Bruce Bailey, Member Donald Burns, Member David Smith, Member Marge Oelschlaeger, Member Board of Public Works Ald. Donald Almquist Mr. Richard Bottoni Mr. Richard Kasza Ald. Thomas Pietrowski Ald. Shirley Saryan Planning and Design Assistance by: CRISPELL‐SNYDER, INC. 2801 Crossroads, Drive, Suite 2000 Jeff Knudson, PE, PTOE, Project Manager / Author Madison, Wisconsin 53718 Crystal Buck, AICP, Community Planner / Co‐Author 608 244 6277 ph Ashley Wallace, Planning Assistant 608 249 6615 fx Jason Penning, GIS Technician planning@crispell‐snyder.com [Draft 4/20/2009] City of Greenfield Bicycle and Pedestrian Plan Table of Contents 1. Introduction
    [Show full text]
  • View Draft 2040 Comprehensive Plan Document
    Notice of Public Hearing Ordinance to Adopt the City of West Allis 2040 Comprehensive Plan A public hearing on the Ordinance to Adopt the City of West Allis 2040 Comprehensive Plan will be held at the Common Council meeting on Wednesday, February 17, 2021 at 6:30pm. This Common Council meeting will be held virtually to help protect our community from the Coronavirus (COVID-19) pandemic. (This means no one will be permitted inside the City Hall to view the meeting) If you wish to view the meeting, you can watch the meeting as it is livestreamed on the City of West Allis YouTube Channel https://www.youtube.com/user/westalliscitychannel/live). You can also watch live and recorded broadcasts through your cable network, via Spectrum (channel 25, West Allis residents only) and AT&T U-Verse (Channel 99). If you require an alternate format of viewing the meeting, please call 414-302-8294 and leave a message prior to 11:00 a.m. CST on Wednesday, February 17, 2021. Members of the public may submit comments or questions to the Common Council regarding this public hearing by emailing your comments or questions to [email protected] or drop a paper copy addressed to City Clerk in the City Hall drop box by 8:00 a.m. on February 17, 2021. (City Hall – 7525 W. Greenfield Avenue) This plan is an update to the City's existing 2030 Comprehensive Plan. Updating the 2030 Comprehensive Plan will be conducted in two phases. This hearing is related to the Phase 1 update, which will include minimal revisions to all sections of the City's 2030 Comprehensive Plan, including land use, housing, transportation, utilities, economic development, parks and open space, and intergovernmental relationships, in order to meet statutory requirements.
    [Show full text]
  • Chapter 3: Transportation
    CChhaapptteerr 33:: TTrraannssppoorrttaattiioonn The comprehensive planning legislation requires this element to include a compilation of goals, objectives, maps and recommendations to guide the future development and maintenance of various modes of transportation in and immediately around the City of Muskego. The chapter also reviews the state and regional transportation plans and programs as required by Wisconsin States Chapter 66.1001. This Comprehensive Plan and Transportation Element recommends several improvements in Muskego in order to provide for safe and accessible interconnected roadways and related transportation facilities. The information contained in this element below details the existing transportation facilities and the observations that led to the recommendations found herein. The goal of this Transportation Element is as follows below. The objectives and recommendations are found in the Chapter 10 of this Plan. Transportation Goal: Provide an accessible interconnected network of highways, streets, and trails within the community in order to present a safe, affordable, and efficient transportation system that meets the needs of multiple users; Assure mobility of the transportation network within Muskego and the surrounding region while minimizing the impacts a transportation system can bear. Existing Transportation Facilities Street Network & Classification System Muskego maintains a fully accessible series of streets to ensure circulation throughout the community and adjoining region. Classification of streets within the City consist of three distinct types by ordinance: Arterial, Collector, and Minor. Table 3.1 displays how streets within the municipality are categorized. Standards for each street classification mainly mimic those standards used by the Wisconsin Department of Transportation and the Southeastern Wisconsin Regional Planning Commission’s published Regional Transportation Plan for Southeastern Wisconsin: 2035.
    [Show full text]
  • Minutes of the Common Council Meeting Held at the Greenfield City Hall on Tuesday, January 5, 2010
    MINUTES OF THE COMMON COUNCIL MEETING HELD AT THE GREENFIELD CITY HALL ON TUESDAY, JANUARY 5, 2010 1. The meeting was called to order by Mayor Neitzke at 7:03 p.m. ROLL CALL: Alderperson Lubotsky Present Alderperson Pietrowski Present Alderperson Kastner Present Alderperson Akers Present Alderperson Saryan Present Mayor Neitzke Present ALSO PRESENT: Jennifer Goergen City Clerk Roger Pyzyk City Attorney 2. An opening prayer was given by Pastor Steve Rogers. 3. Pledge of Allegiance 4. It was moved by Alderperson Lubotsky, seconded by Alderperson Saryan, to approve the December 15, 2009 Common Council minutes, as recorded. Motion carried unanimously. 5. Mayor’s Report Mayor Neitzke read a letter he sent to Frank Springob, Chief of Police, congratulating the Chief on completing 45 years of service to the City of Greenfield as of January 1, 2010. Mayor Neitzke stated a plaque will be forthcoming. Chief Springob addressed the Council. He thanked the Mayor and stated it has been a privilege to serve the City and the Police Department in many capacities. He said he hopes to serve the City for many more years. 6. Aldermanic Reports Alderperson Lubotsky stated as part of changes with the Milwaukee County Transit System, Bus Route 14 (South 43rd Street & West Howard Avenue to South 92nd Street & West Howard Avenue) has been discontinued. However, she stated there is a van service available for elderly and disabled called ParaTransit (414-343-1700), which is owned by Milwaukee County Transit, at a cost of $3.50 per way. Also, Bus Route 35 (West Loomis Road to Southridge) has also been discontinued.
    [Show full text]
  • Anatomy of Milwaukee County: a Traffic Safety Summary
    ANATOMY OF MILWAUKEE COUNTY: A TRAFFIC SAFETY SUMMARY There were 307 fatal crashes in Milwaukee County from 2012 to 2016. 1 THE PLACE Section Summary Milwaukee County is the center of a metropolitan area that has a population of over 1.55 million persons. The principal routes are the Interstate highways, STH 36 south of I-41/43/894, and STH 145 north of I-43. Milwaukee County is the top county in the state for VMT (vehicle-miles traveled), the number of registered vehicles, urban population, percentage of the population that is urban, and percentage of the county’s area that is urban. Milwaukee County has the lowest numbers in the state for VMT per capita, miles of roadway per capita and per VMT, miles of state highways per capita and per VMT, miles of county highways per capita, and local roads per capita. It is among the top ten counties in the state for miles of roads, miles of state roads, miles of local roads, and urban area. It is among the bottom ten counties in the state for miles of county highways and registered vehicles per capita. Urbanization Milwaukee County is the center of the Milwaukee-Waukesha-West Allis metropolitan area, which is adjacent to the neighboring Racine metropolitan area. 99.81% of the population of the county lives in urban areas, and 92.90% of the land area of the county is urban.1 The eastern boundary of the county is the eastern boundary of the state, which is in the center of Lake Michigan. Road Network Interstate 94 is designated as an east-west highway, carrying traffic west to and from Minneapolis-St.
    [Show full text]
  • Chapter 4 Neighborhoods, Districts, & Corridors
    Chapter 4 NEIGHBORHOODS, DISTRICTS, & CORRIDORS INTRODUCTION repair or redevelop the missing or “eroded” pieces of the urban fabric. Milwaukee’s West Side is home to a diverse set of places, from stately residential neighborhoods The types of places in the West Side are categorized to eclectic commercial corridors. The West Side into neighborhoods, districts, and corridors, as is not one homogeneous area, but a collection of defined below and illustrated in Figures 4-4, 4-9, distinct places with individual identities -- shopping and 4-12: districts, schools, places of worship, parks and public spaces -- that are the focus of daily life for NEIGHBORHOODS are primarily residential the people who live here. in nature, and they often contain a number of supporting uses and activities that serve the Many of these places are well-established and residents. Examples may include schools, parks, have qualities that have endured, e.g. outstanding and/or small shops and restaurants. In addition, architecture, well used and loved parks. Many the West Side area has several recognized have attributes that are hard to find in newer and neighborhood associations which are highlighted suburban areas. Many are still within walking in this chapter and shown on the neighborhoods distance to mom-and-pop stores (also hard to map. Neighborhoods in the West Side are find in newer suburbs). Some of these places are distinguished by different development patterns, well cared for, while others are endangered or at- time periods, housing types and styles, and risk. As a whole, the various places accommodate location. General recommendations are provided a range of incomes and lifestyles -- traditional for all neighborhoods within the West Side.
    [Show full text]
  • South 27Th Street CHARETTE Summer 2016
    South 27th Street CHARETTE Summer 2016 Transforming the Auto-dominated Corridor into a Series of Walkable Destinations Client South 27th Street Business Association Client Representatives Rocky Marcoux, Department City of Development Vanessa Koster, Department City of Development Nolan Zaroff, Department City of Development Chuck Erickson, City of Greenfield Julio Maldonado, South 27th Street Business Assoc CDS Director Carolyn Esswein CDS Project Assistant Anna Doran CDS Staff Bill Noelck Jeremiah Huth Community Design Solutions (CDS) was hired to facilitate a A day long charette was held at the UW-Milwaukee School process of information gathering leading up to a visioning of Architecture and Urban Planning on September 8th, charette for the South 27th Street corridor in the cities 2016. Throughout the day, teams generated ideas for the of Milwaukee and Greenfield. This process involved sites and then shared them with the larger stakeholder revisiting past plans for the area, examining the business group to receive feedback. Following the initial input, diversity of the neighborhood, and conducting a series of the architectural teams revised their designs to reflect Focus Groups to gather input from various stakeholders stakeholder input and provide illustrations for how including lenders, developers, residents, City officials, South 27th Street can be transformed from a suburban agency leaders, and business owners. This information auto-dominated corridor into a series of walkable was disseminated to six teams of architects, each assigned destinations that will serve both the neighborhood and to one of the Opportunity Sites. The intent of the charette attract visitors and customers to the area. process is to explore and evaluate development ideas and possibilites.
    [Show full text]
  • US 41 Conversion Public Information Meeting Display Boards
    Interstate Your input is needed US 41 Conversion We are here SECTION 1 �������������������������������������������� ����������������������������������� ��� Section 1 – Purpose and Need ����� ��������������������� The Zoo Interchange is located in western Milwaukee County in southeastern Wisconsin at the junction of Interstate 94 (I-94), Interstate 894 (I-894), and United States Highway 45 (US 45), in the cities of Milwaukee, Wauwatosa, and West Allis (Exhibit 1-1). The study area encompasses the Zoo Interchange and its four approaches (referred to as the east, west, north, and south legs). The west terminus of the project is 124th Street, and the east terminus is 70th Street, a distance of about 3.5 miles. The south terminus of the project is Lincoln Avenue, and the north terminus is Burleigh Street, a distance of about 5.5 miles. The Purpose west, south, and east termini were selected to provide sufficient distance for matching back into the existing freeway alignment. The Wisconsin Department of Transportation (WisDOT) and the Federal Highway Administration (FHWA) are studying the 108th Street (WIS 100, better known as Highway 100 locally) interchange on the west leg, the Greenfield Avenue (WIS 59) interchange on the – onvert US 41 to an Interstate Highway south leg, and the 84th Street (WIS 181) interchange on the east leg. WisDOT and FHWA are to c studying these interchanges because of their proximity to the Zoo Interchange and their affect on the flow of traffic to and from the Zoo Interchange. The north leg is longer than the east, west, and south legs. Unlike the east, west and south legs, freeway entrances and exits at Bluemound Road (US 18), Wisconsin Avenue, Watertown Plank Road, Swan Boulevard, Mayfair Road (Highway 100), and North Avenue are closely spaced.
    [Show full text]
  • Economic Development Commission Meeting Agenda for 6-27-2016
    City of Franklin Economic Development Commission (EDC) Franklin City Hall — Hearing Room 9229 W. Loomis Road, Franklin, Wisconsin Monday, June 27, 2016 – 6:30 p.m. MEETING AGENDA I. Call to Order, Roll Call and Pledge of Allegiance II. Citizen Comment Period III. Approval of Meeting Minutes A. May 23, 2016 Meeting IV. Announcements (No action to be taken) A. Announcements relating to Economic Development V. Business Matters A. Review Ballpark Commons Market Study B. Business Appreciation Event Update VI. Next Meeting Date – July 25, 2016 VII. Adjournment Notice is given that a majority of members of the Franklin Common Council may attend this meeting to gather information about an agenda item over which it has decision-making responsibility. This may constitute a meeting of the Common Council per State ex rel. Badke v. Greendale Village Bd., though the Common Council will not take formal action at this meeting. Notice is given that upon reasonable notice, efforts will be made to accommodate the needs of disabled individuals through appropriate aids and services. For additional information, please contact the Franklin City Clerk’s Office at 414-425-7500. City of Franklin Economic Development Commission (EDC) Franklin City Hall — Council Chambers 9229 W. Loomis Road, Franklin, Wisconsin Monday, May 23, 2016 – 6:30 p.m. MEETING MINUTES I. Call to Order, Roll Call and Pledge of Allegiance The May 23, 2016 meeting of the Franklin Economic Development Commission (EDC) was called to order by Chairman Haskins at 6:34 pm. Commissioners present were Ald. Barber and Commissioners Haskins, Cool, Litynski and Soto.
    [Show full text]
  • Unclogging America's Arteries
    Unclogging America’s Arteries: Prescriptions for Healthier Highways Prepared for: American Highway Users Alliance Prepared by: Cambridge Systematics, Inc. November 1999 About the American Highway Users Alliance The American Highway Users Alliance is a nonprofit advocacy organization serving as the united voice of the transportation community promoting safe and uncongested highways and enhanced freedom of mobility. Known as The Highway Users, the group works for sound transportation policy in the United States. Since 1932, we have fought for road and bridge investments that will save lives, clean our air, promote economic growth, improve our quality of life, and protect our freedom of mobility. Working with Congress, state and local governments, and the media, we promote a favorable climate for highway construction, efficient deliveries of raw materials and finished products, and tourism. Fair highway use taxation, federal highway funding, responsible environmental trans- portation policy, and highway and bridge investments are the focus of The Highway Users’ campaigns. The Highway Users includes among its 220 members corporations, small businesses, national trade associations, and state and local nonprofit organizations that represent over 45 million highway users. Cambridge Systematics, Inc. Cambridge Systematics is an internationally recognized consulting firm providing transportation planning, policy, and management services for a wide variety of clients. Its headquarters is located in Cambridge, Massachusetts with other major offices in Washington, D.C. and Oakland, California. Cambridge Systematics is an employee-owned company and was founded in 1972. The Context of this Study Unclogging America’s Arteries was prepared by Cambridge Systematics, Inc. for the The Highway Users in conjunction with a national conference on mobility, Driving America.
    [Show full text]
  • Chapter 3: Neighborhoods, Districts and Corridors
    Chapter 3 NEIGHBORHOODS, The principles provided by CNU’s urban hierarchy Figure 3-1. Urban Hierarchy (Figure 3-1) guide public policy, development practice, DISTRICTS AND urban planning, and design, and are used as the guiding principles for the areas identifi ed in West Allis: CORRIDORS The region: Metropolis, city, 1. The neighborhood, the district, and the corridor and town are the essential elements of development and BACKGROUND AND GUIDING redevelopment in the metropolis. They form PRINCIPLES identifi able areas that encourage citizens to Within the comprehensive plan framework, goals and take responsibility for their maintenance and recommendations are provided not only at a citywide evolution. level, but also at the individual neighborhood, district, 2. Neighborhoods should be compact, pedestrian- The neighborhood, the and corridor level. The purpose of this Chapter friendly, and mixed-use. Districts generally is to provide character descriptions, goals, and emphasize a special single use, and should district, and the corridor recommendations for the neighborhoods, districts and follow the principles of neighborhood design corridors identifi ed in the City of West Allis. when possible. Corridors are regional connectors of neighborhoods and districts; they range from The assessment provided in this Chapter is based on boulevards and rail lines to rivers and parkways. the neighborhood, district, and corridor framework devised by the Congress for New Urbanism (CNU). 3. Many activities of daily living should occur within The CNU strives to encourage walkable, compact walking distance, allowing independence to The block, the street, and the communities that celebrate the history of the built those who do not drive, especially the elderly building environment and the preservation of natural features.
    [Show full text]
  • U.S. 41 Interstate Conversion Plan, Section 1 Purpose and Need
    1 SECTION 1 2 Purpose of and Need for Action 3 1.1 US 41 Background 4 United States Highway 41 (US 41) from Milwaukee to Green Bay is a backbone route in Wisconsin’s Corridors 5 2030 State Highway Plan and part of the National Highway System. Backbone routes are critical to travel patterns 6 and support the state’s economy. US 41 connects two of the largest regional economies in Wisconsin— 7 southeastern Wisconsin and the Fox River Valley—as well as major metropolitan market areas in northern Illinois. 8 The 175-mile corridor carries 27,000 to 150,000 vehicles per day and is a major transportation arterial for eastern 9 Wisconsin. Listed below are indicators of the importance of US 41 to Wisconsin’s economy and regional and 10 national freight movements. 11 • Census 2010 data show that US 41 travels through 45 communities in 8 counties along the 142-mile route, 12 comprising 22 percent (1.25 million people) of the state’s population. 13 • The US 41 corridor serves manufacturing areas in the heart of Wisconsin. Manufacturing facilities typically 14 represent significantly higher private investments and higher paying jobs; 1,738 manufacturers employing 15 103,988 persons are located in communities along the corridor, comprising 23 percent of total state 16 manufacturers and 25 percent of total state manufacturing employment. 17 • US 41 serves as one of the major highways supporting the regional shopping centers within the 8-county area; 18 1,878 retail establishments employing 29,465 workers were identified in communities along the corridor, 19 comprising 23 percent of all state retail establishments and 28 percent of total employees in retail in 20 Wisconsin.
    [Show full text]