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Phase I Conceptual Economic Development Strategy for the Marine Village Sub-Area.

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Presentation on theme: "Phase I Conceptual Economic Development Strategy for the Marine Village Sub-Area."— Presentation transcript:

1 Phase I Conceptual Economic Development Strategy for the Marine Village Sub-Area

2 BROADWAY BUSINESS CORRIDOR BACKGROUND Planning Challenges Narrow corridor 2-miles long Limited east-west connectivity Vacant land Absentee property owners Funding Solution Phased redevelopment Immediate implementation of each phase; while planning the next Immediate Actions Mid and Long Term Strategies

3 The Economic Development Strategy for each Sub-Area will:  Identify Primary Goals and Objectives for the Broadway Corridor;  Define an Action Plan and Capital Improvement Plan for the Corridor; and  Identify the project/program costs for implementation  Create a timeline and financing plan. BROADWAY BUSINESS IMPROVEMENT PLAN Issue and Planning Areas to be Addressed by the Plan: Business Attraction Beautification Circulation/Traffic Land Development Regulations Area Demographics Real Estate Redevelopment Infrastructure Security Funding

4 Primary Issues from September 6, 2012 Meeting  Security  Setback requirements and zoning  Parking and feasibility of on-street parking  Loitering and Food bank/soup kitchen  Gambling Boat as a positive to draw more customers to Broadway  More places for Boat Crews and Employees to go for goods and services  Attraction of marine industry  General Clean-Up of the Corridor BROADWAY BUSINESS IMPROVEMENT PLAN

5 BROADWAY BUSINESS CORRIDOR BACKGROUND North of 39 th Street 71% of the properties are occupied Commercial 16% of the properties are Vacant 12% of the properties are Civic Uses These properties are zoned BMUD Type II South of 39 th Street 55% of the properties are Residential 26% of the properties are Vacant 18% of the properties are Hotel/Motel These properties are zoned BMUD Type I Broadway Businesses (2011 Survey) 83% of businesses surveyed had been in business for more than 10 years. 83% of businesses owned their own property. 75% of businesses draw their clientele from word of mouth.

6 BROADWAY BUSINESS CORRIDOR BACKGROUND Phase I: Marine Village Node 36 th to 50 th Street Phase II: Neighborhood Commercial/Marine 50 th to 59th Street (54% Vacant Land) Phase III: Mixed Use/Neighborhood Commercial 26 th to 36 th Street

7 BROADWAY BUSINESS CORRIDOR BACKGROUND Phase I: Marine Village Node 36 th to 50 th Street Phase II: Neighborhood Commercial/Marine 50 th to 59th Street (54% Vacant Land) Phase III: Mixed Use/Neighborhood Commercial 26 th to 36 th Street

8 BROADWAY PHASE I SURROUNDING CATALYTIC ACTIVITIES Industrial Area Northwood Village Broadway Corridor Port of Palm Beach Currie Corridor (Currie Park Boat Ramp) Public Waterfront Recreation Private Waterfront Recreation Commercial Waterfront Community Services Proposed Multi- Family

9 LOCAL MARINE INDUSTRY AND COMMERCIAL ATTRACTORS Industrial Area Northwood Village Broadway Corridor Port of Palm Beach Currie Corridor (Currie Park Boat Ramp) Public Waterfront Recreation Private Waterfront Recreation Commercial Waterfront Community Services Proposed Multi- Family Within a ¼ Mile Radius

10 MARINE INDUSTRY ATTRACTORS: THE PORT Broadway Less than 1 mile from Broadway Marine Node 94 operators and tenants 1,459 full time employees 37 acres of Foreign Trade Zone Celebration Cruises carries 300,000 passengers annually Suncruz Casino Cruise carries 150,000 passengers annually

11 BROADWAY CORRIDOR MARINE NODE Marine Node is 36 th to 50 th Streets 44 th to 50 th Streets targeted for Neighborhood Commercial 44 th to 36 th Street targeted Marine related Services/Showroom The epicenter of the Marine Node will be at the intersection of 40 th Street and Broadway

12 BROADWAY CONNECTIVITY AND MAJOR EMPLOYERS

13 MARINE NODE INTERNAL CONNECTIVITY AND CIRCULATION

14 MARINE NODE PROGRAM FOCUS AREAS  Business Attraction  Beautification  Circulation/Traffic  Land Development Regulations  Area Demographics  Real Estate Redevelopment  Infrastructure  Security  Funding

15 Schedule  1 st Meeting held September 6, 2012 with Business  2 nd Meeting September 13, 2012 Community Next Steps  Data and Analysis  Goals, Strategies and Tactics  Draft presentation/workshop  Financial Feasibility  Capital and Financing Plan  Final Draft –Sub Area I BROADWAY BUSINESS IMPROVEMENT PLAN


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