urban retail solutions: tracey a. nichols:cleveland retail success stories
DESCRIPTION
Ms. Nichols has been the Economic Development Director for the City of Cleveland since February 2008 and is responsible for financial incentives, business attraction, and for helping businesses navigate City Hall for all their needs. She is a certified Economic Development Professional from the National Development Council and is a graduate of Case Western Reserve University. Nichols’ particular expertise is in forming unique funding mechanisms for projects, including former brownfields. The Urban Retail Solutions Conference was on June 20, 2013 at the Ariel International Center located at 1163 East 40th Street, Cleveland, OH.TRANSCRIPT
Cleveland RetailSuccess Stories
June 20, 2013
Developing the vision for your area
Mayor Jackson believes that Cleveland needs to be a place where people can Live, Work and Play.
Retail is an important part of any community
Neighborhoods create a Sense of Place
You need to gather data to
understand your neighborhood
and to understand what
your residents picture the
neighborhood to be
Take Inventory What do you have? What is missing? What will residents support? Who can you partner with? Are there low cost actions you can
take to move your area forward? YOU HAVE HOMEWORK!
Successful Projects
Cleveland has had many neighborhoods who have found their identity in recent years- and despite the recession, have positioned themselves for success
Each one took hard work and partnerships
Some are well-established, some are on their way, some have recognized the need to reinvent themselves
Uptown - Mixed UseCase Western’s College Town
Phase I
•66,000 sf retail
•102 Apartments
Phase II
•Apartments, student housing, Corner Alley
Garrett Square
Vacant Tops brings back grocery, clothing & more – success to build on
Residents needed a grocery store
Ariel International Center
Sometimes the sheer will of just a few people can make an impact to start a vision forward
Steelyard Commons
We lost $1.3 billion in retail purchases to the suburbs prior to Steelyards. Steelyards helps us attract & retain residents and creates jobs.
PITCH SHEET ON WEBSITE:Cleveland, Ohio, new regional market, untapped trade area - no competition. "City [of Cleveland] residents in 2000 spent about $1.3 billion in retail purchases at suburban stores, according to a recent study from Oster Research Group of IowaImmediate access to I-71 (115,950 VPD), SR 176 (68,800 VPD), I-490 (61,510 VPD), I-90, and I-77 (2004 traffic counts) Densely populated residential trade area and enormous daytime employment base Immediate Trade Area - 320,812 people (34% of these people have a household income over $50,000) Extensive secondary trade area
Market Garden Brewery
Ohio City- Cleveland’s Artisan Neighborhood
Ohio City
La Bamba Tortillerilla
Joy Machines Bike Shop
Why Cleveland?
Monster Ranked us 4th in the Nation for finding a job
Ohio City is 4th in the World for Bar-hopping Yahoo Travel Ranked us 4th Most Visionary City in
the World for our Urban Farming Movement Bloomberg News ranked us 17th for best cities for
College grads to find a job (up from 28th) The Health Line (RTA) recognized as most
successful BRT in the nation Cleveland ED Dept won the “Best Community
Development Project” in the Nation award from the National Development Council
City of ClevelandTracey NicholsDirector Dept. of Economic Development(216) [email protected]