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Kimley-Horn & Associates Rose & Associates. GOAL 7: REDEVELOPMENT OF THE HEART OF GERMANTOWN 1. Mixed use (residential and nonresidential) development in the heart of the City area 2. Strong retail businesses and office development for professional services
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Kimley-Horn & Associates Rose & Associates
GOAL 7: REDEVELOPMENT OF THE HEART OF GERMANTOWN 1. Mixed use (residential and nonresidential) development in the heart of the City area 2. Strong retail businesses and office development for professional services 3. People living in the heart of the City area lofts, above business condos, townhouses 4. Pedestrian friendly layout linked to Citywide path/trail system 5. Mid-rise buildings with mixed uses that are attractive and inviting for people 6. Creating a sense of place for the community Germantown Vision 2020
Public Design Charrette September 20-26, 2006
Firm (Little or No Intervention Necessary) Ripe for Development/ Redevelopment Possible Future Opportunity
Transportation • Focus on Key Gateway Intersections for Pedestrians • Install Pedestrian Crosswalks and Countdown Timers at all intersections • Coordinate the current signal system on Germantown Road • Establish a Bicycle Network • Reclaim unused asphalt for on-street Parking • Connect Germantown Road to Germantown Road Transportation Recommendations
Main Street Poplar Avenue Poplar Avenue To Hospital Poplar Avenue atMain Street
Phase 1: Storefronts along Exeter On-Street parking on Exeter Phase 3: Complete Redevelopment of Hobby Lobby Site New Mid-Block Street Phase 5: Redevelopment of Mall Site Redevelopment of outparcels at Exeter + Poplar Completion of Main Street Infill of Mixed-Use Bldgs along Main Street Phase 2: New Mixed-Use Bldg south of Hobby Lobby New Road connecting Farmington and Exeter Phase 4: Redevelopment of Dollar Tree site New Road from Exeter to future Main Street Phase 6: Redevelopment of Schnuck’s Center Main Street – Phasing Strategy
General Recommendations • Urban Design Guidelines • Public Art • Wi-fi “hot zones” • Sustainable Design • “Green Buildings” • Marketing & Branding
SmartCode • Focus is on the design (or form) of the buildings and the use is secondary. • Promotes • More opportunities for mixed-use • Better infill compatibility • Greater attention to streetscape and the design of the public realm; and the role of individual buildings in shaping the public realm Form-Based Codes
More Density Less Density Primarily Residential Primarily Mixed-Use Larger Buildings Smaller Buildings More Hardscape More Greenspace Attached Buildings Detached Buildings Graphic by Duany Plater-Zyberk & Company
Financial Analysis To support additional retail and restaurant offerings we need: People & Money • People by day: Employees • Current: 2,717 • Goal: 7,500 • Plan: 6,835 • People at night: Residents • Current: 1,075 • Goal: 4,000 • Plan: 3,575 Development Goals
Financial Analysis Smart Grown Plan Absorption
BEFORE AFTER NET GAIN Housing 470 1,233 Units 763 Commercial 908,931 2,096,900 S.F. 1,187,969 TOTAL STUDY AREA Estimated Value 343,086,200 724,230,400 381,114,200 111% SUPERBLOCK / MAIN STREET Estimated Value 66,450,200 283,813,600 217,363,400 327% GERMANTOWN Appraised Value 4,683,528,100 5,064,642,300 381,114,200 8% Financial Analysis Before and After