Duxbury: Hall's Corner Economic Development Analysis

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Town of Duxbury Hall’s Corner Economic Development Analysis December 8, 2014

description

Economic Development recommendations for Hall's Corner in Duxbury, MA.

Transcript of Duxbury: Hall's Corner Economic Development Analysis

Page 1: Duxbury: Hall's Corner Economic Development Analysis

Town of Duxbury

Hall’s Corner Economic Development Analysis

December 8, 2014

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Project Goal

To create an economic development plan that will serve to enhance and improve Hall’s Corner, to broaden the current customer base, support existing businesses, and to create a thriving and walkable business district.

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Study Area

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Stakeholder Outreach

Strengths •Loyal local customer base Weaknesses •Parking Confusion •Traffic concerns, lack of pedestrian amenities •Signage restrictions •Lack of Cohesiveness Opportunities •Marketing/Branding Campaign •Introduction of new destination stores or services •Introduction of residential *Stakeholder Input from General Public & Local Businesses

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Major Findings

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Household Projections By Age

2010 2020 2030 Change % Change

Households 5344 5940 6387 1043 20%

Age 15-29 96 115 74 -22 -23%

Age 30-44 952 877 1005 53 6%

Age 45-59 2128 1939 1624 -504 -24%

Age 60 and

over 2168 3009 3684 1516 70%

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Income

Median Household Income

2000 2012 % Change

Duxbury $97,124 $117,197 21%

Plymouth

County $55,615 $74,722 34%

Massachusetts $50,502 $66,658 32%

Median Household Income By Age

Age Median Income

Householder 25 to 44 years $173,056

Householder 45 to 64 $134,913

Householder 65 years and over $62,500

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Housing Tenure & Type

Number of Units in Structure

MA

Plymouth

County Duxbury

Single Family 76% 80% 88.50%

Two to Four Units 12% 8.20% 4.60%

Five to Nine Units 3% 2.76% 2.20%

Ten to Nineteen Units 2.30% 1.90% 0.17%

Twenty Plus Units 4% 3.40% 4.50%

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Current Retail Inventory

# of

Establishments

% of

Overall

% Typical

Neighborhood

Center Mix

Professional Services 46 51% 10%

Personal Services 9 10% 10-20%

Retail Trade 20 22% 20-40%

Food Services 8 9% 10-20%

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Retail Analysis

• Primary Trade Area- 10 Minute Drive

• 10 Minute Drive Time Could Potentially Support – 1 Furniture/Home

Furnishings Store – 1 Clothing Store – 4 Restaurants – 1 Miscellaneous Other

Store (Florist/Art Dealer/Pet Store/Office Supplies)

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Office Analysis

Source: Jones Lang Lasalle

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Major Recommendations

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Major Recommendations

GOAL: Support Existing Businesses • Implement Business Development and

management training programs

• Expand Work of Duxbury Business Association (DBA)

– Events and Promotions

– “Shared” gift card program

• Develop a comprehensive marketing strategy for Hall’s Corner

– Working Group

– Online/Smartphone campaign

– Expand Signage

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Major Recommendations

GOAL: Pursue New Development

• Introduce a Hall’s Corner Overlay District

• Continue to work with property owners on key development parcels along Bay Road and Standish Street to explore redevelopment opportunities consistent with this plan

• Meet with local developers or hold a developer’s summit to showcase the parcels

• Include residential in new development.

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Major Recommendations

GOAL: Create an appealing public realm

• Create a Pedestrian & Bicycle Friendly Environment

-Resolve motorist confusion and pedestrian safety issues at the rotary

-Implement Complete Streets Policies

• Beautify the Area

– Work with town to delineate public/private property

– Trim street trees

– Consider undergrounding utilities

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Visualization-Standish Street Before

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Visualization-Standish Street After

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Visualization- Bay Road Before

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Visualization- Bay Road After

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Questions?

Amanda Chisholm

Regional Planner

Metropolitan Area Planning Council

[email protected]