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Greater Burlington Retail Market Competition

Greater Burlington Retail Market Competition. Strong Youth apparel Women’s apparel Jewelry Dining - privately owned restaurants Dining - cafes Banking Arts/theater Specialty retail Nightclubs Sporting goods - outdoor gear Books - new and used Musical instruments

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Greater Burlington Retail Market Competition

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  1. Greater BurlingtonRetail Market Competition

  2. Strong Youth apparel Women’s apparel Jewelry Dining - privately owned restaurants Dining - cafes Banking Arts/theater Specialty retail Nightclubs Sporting goods - outdoor gear Books - new and used Musical instruments Home furnishings Moderate Hotel rooms Department stores Cosmetics Sporting goods Entertainment - movies Hobby/Crafts Men’s Apparel Athletics Clubs Children’s Apparel Office supplies Electronics Toys Dining - national chain Weak Hardware/home improvement Downtown Retail and Entertainment Market Share(based upon number stores and square footage) i i i k

  3. SWOT ANALYSIS • WEAKNESSES • Limited and inconvenient parking • Concentration of social services • Negative Safety Perception • Retail weaknesses: menʼs wear, electronics, toys, hardware, • office supplies, pharmacy • Hospitality/tourism, conventions • Street and sidewalk maintenance • No critical mass of museums and cultural facilities STRENGTHS • Authentic, dense downtown area with intact historic fabric • Church Street Marketplace • Colleges, universities, medical center • Critical mass of restaurants, retail, historic storefronts, • churches & government offices. • Arts & Entertainment • Good civic assets: library, YMCA, post office • High quality, clean public realm • Lake Champlain and Waterfront

  4. SWOT ANALYSIS • THREATS • Large retailers choosing Dorset Street, Shelburne Road, • Taft Corners, • Loss of employers to suburban offices • City Center Development in S. Burlington • South Burlington, Williston, Essex Outlet Center becoming competitive with downtown OPPORTUNITIES • Strong downtown employment base • Year-round Waterfront • Public investment to encourage private development • Complete Champlain Parkway • Relocate transit center to preferred location • More housing -- emphasis on workforce priced housing • Encourage critical mass of arts & entertainment

  5. Greater BurlingtonRetail Comparisons Shelburne Road 120 580,000 200,000 + Dorset St/U-Mall 180 1,025,000 300,000 + Taft Corners 450 900,000 1,000,000 Downtown 150 700,000 800,000 LOCATION ACRES PRESENT FUTURE (Square Feet) (Square Feet)

  6. Shelburne Rd. Acreage 120 acres Square Feet Shopping centers 450,000 Lowe’s 130,000 Total 580,000

  7. Shelburne Rd., South Burlington Total Acres: 120 Total Retail: 580,000 SF

  8. Dorset St./U-Mall/City Center • Acreage 180 acres • Square Feet UMall 625,000 Other 400,000 Tota 1,025,000 City Center (future): Retail: 300,000 Office: 220,000 Residential: 550 units

  9. Dorset St., South Burlington Total Acres: 450 Total Retail: 900,000 SF

  10. Taft Corners • Acreage 450 acres • Square Feet Taft Corners Park 450,000 Maple Tree Place 350,000 Other 100,000 Total 900,000 Planning additional 1,000,000 sq. feet within 20 years

  11. Taft Corners Total Acres: 450 Total Retail: 900,000 SF

  12. Downtown • Acreage 150 acres • Square Feet Church St. 230,000 Town Center 320,000 Off Church St. 150,000 Total 700,000 Additional Square Footage 800,000

  13. Downtown Burlington

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