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BIBA Presentation: Steve Moore, CEO, WDCEP

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BIBA

H Street NEThe Overload

The AwakeningThe Snowball Fight

The Overload

H Street NE mile radius

4,681 employees 517 businesses 64 retailers $93mm retail sales volume annually 6500 households

234 businesses at street level

Avg HHI $74,472 New Home Buyers Income $117,196 Median age 39

Retail Trade Areas established for residents within a mile and mile from the commercial district

Retail Trade Areas and mile distances are based on reasonable walking distances for pedestrian shopping in neighborhood commercial areasRetail trade areas assess residents who are potential customers that could be drawn to the site The trade areas consider the competitive context and accessibility (major roads) to define specific markets Primary trade area residents are expected to be frequent customers, with a focus on on-site residentsSecondary trade area residents are expected to be consistent, but not frequent customers Potential customers who are not primary or secondary trade area residents are accounted for by an inflow factor; this is a percentage applied to potential expenditures at the site

Types of Submarket Analyses ComprehensiveOverview

The comprehensive analysis is being applied to more underserved submarkets. It is a detailed marketdriven analysis that will guide conclusions about retail mix, supportable square footage by retail category, and recruitment/retention strategies intended to foster enhanced retail in these areas.

Components

Market Analysis Definition of commercial area/boundaries Definition of trade area, retail inventory Character of district, identified by typology Demographic and psychographic analysis Demand analysis SWOT Analysis (consumer survey in designated areas) Competitive supply/quality Market/physical constraints; present/future opportunity niche markets Development/infill sites potential for redevelopment/growth

Retail Strategy Market demand analysis and conclusions Planning and retail audit Suggested merchandising mix, niches and/or leasing concept strategies Recommended square footages by category Site and market capacity Management and recruitment capacity/implementation Policies (e.g. zoning, incentives) Organization/management structure

The Awakening

Comprehensive Placemaking Incubator Special Events, Festivals Community Building Retail Regenerating Art in Public Places Art in Vacant Storefronts Green Pilot Programs Street Vending Food Carts

Snowball fight

So BIBAWhat if.1. 25 DC artists were working on public art projects all at one time. 2. Pocket parks were designed, landscaped, and furnished by competition/contests. 3. 50 buildings were being rehabbed by a local Architect competition. 4. Farmers Market/Flea Market/Craft Market operated there weekly. 5. We made Facebook pages for 50 businesses on H. 6. A Seasonal Banner Program was developed for H Street by local poets. 7. Street festivals were scheduled the third Saturday of every month. 8. Business plan competition free office space for 1 year. 9. Oral histories were collected, archived and celebrated... 10. A Family tree for H street community was created. 11. Healthy fast food was available on pushcarts. 12. Every vacant space was available to an artist for 60 days rent free. 13. A team of volunteers found the next 10 stores to locate there.

Bye Bye BIBA

Thank you.