Duxbury: Hall's Corner Economic Development Analysis
-
Upload
metropolitan-area-planning-council -
Category
Economy & Finance
-
view
253 -
download
1
description
Transcript of Duxbury: Hall's Corner Economic Development Analysis
Town of Duxbury
Hall’s Corner Economic Development Analysis
December 8, 2014
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.
Study Area
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
Major Findings
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%
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
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%
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%
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)
Office Analysis
Source: Jones Lang Lasalle
Major Recommendations
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
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.
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
Visualization-Standish Street Before
Visualization-Standish Street After
Visualization- Bay Road Before
Visualization- Bay Road After