GRANITE RIDGE DEVELOPMENT DISTRICT

ROCHESTER ECONOMIC DEVELOPMENT COMMISSION DECEMBER 2008

DEVELOPMENT 2001 - 2008• Holiday Inn Express• Granite Steak & Grill • Black Dog Car Wash• Meineke Car Care• Super Wal~Mart• Harley Davidson of Rochester• Granite Ford• Robidas RV & Marine• Little Miss Sophie’s• Shell Station C-Store/Dunkin Donuts• Remember When Diner• Rochester Motorsports

$3,942,400$896,600 $590,500 $595,600$14,699,000$1,692,900$2,258,800$503,961$274,200$1,729,000$986,100$1,217,900

$29,386,961

POTENTIAL 2008 - 2028

• Total Study Area– 367.4 Acres

• Non-Development Areas (Wetlands, Buffers & Slopes)– 210.5 acres 57.3%

• Developable Area– 156.9 Acres 42.7%

• Presently Developed – 21.3 Acres 5.8%

• Potential Development– Retail 816k– Office 865k

BUILDABLE AREA – Slide 1ID 208/

1208/2

208/4

208/5

208/6

208/8

Acres 82.5 32 1.2 .8 1.1 71

Dev. Ac % Lot%Dist

45 54.5%28.7%

1546.9%9.6%

183.3%0.6%

.787.5%0.4%

190.9%0.6%

1014.1%6.4%

Proj. SF

625kO R

210kR O

10kR

7kR

2kR

130kO

R = Retail O = Office

BUILDABLE AREA – Slide 2

ID 216/6

216/7 216/8

216/9

216/11

216/1-4

Acres 5.6 7.6 6.3 20 85 25.8

Dev Ac% Lot% Dist

4.885.7%3.1%

6.686.8%4.2%

4.571.4%2.9%

1050.0%6.4%

3035.3%19.1%

20.579.5%13.1%

Proj. SF

60kR

45kR

30kR

110kR

360kR O

40kO

FRONTAGE ROAD CONCEPTUAL

TURNPIKE EXPANSION

• Targeted Completion in 2012

• Reconfiguration of Exits 14 & 15– All Exit 14

southbound off-ramp traffic will use Exit 15 to access Business Park & No. Main Commercial District

POTENTIAL PHASING

• Frontage Road & Interior Intersections– City Street – 3 lanes– Coordinate w/existing

& proposed developments

• Farmington Road– 5 lane w/median– 3 added signals:

Nashoba, Crane & Two Rod Rd

– Implement based on Access points

• Water Distribution– Wells & water main in

development– Distribution will be looped– New water main to follow

new Frontage Rd

• Sewer Layout– Projections based on land

utilization estimates– Pump station West of

Super Wal~Mart– Future review in Design

Phase

ESTIMATED INFRASTRUCTURE COSTS

Frontage Road & Interior Intersections $ 4,330,000

Access A & Farmington Rd 1,010,000

Access B/Nashoba Dr & Farmington Rd 1,530,000

Access C/Crane Dr & Farmington Rd 1,900,000

Access D/Little Falls Bridge Rd & Farmington Rd

1,770,000

Two Rod Road & Farmington Rd 2,015,000

Access E & Farmington Rd 695,000

Access F & Farmington Rd 1,115,000

Water – Entire Project 2,900,000

Sewer – Entire Project 5,400,000

Grand Total $22,665,000

In 2008 $

INFORMATION APPLICATIONS

• Collaborate w/Property Owners– Value Added to Land

• Attract Developers– Critical Mass of

Development– Master Plan for District– Friendly Agreements

w/City

• Analyze Financing of Public Improvements– State/Federal Funding– Public/Private Partnerships– Tax Increment Financing

• Incorporate into Project Plans– Limited Access Points– Parcel Interconnection– Shared Mitigation

• Infrastructure Planning – Water, Sewer, Highway

• Coordinate with NHDOT• Preliminary App. to

Resource Agencies– Shorten Approval Times– Defined Areas of

Protection & Development

STORES HOT CATEGORIES• Drug Stores 42.0% Y/Y

– CVS– Rite Aid

• Quick Stop/C-Stores 21.1%– Travel Centers of America

• Casual Dining 18.3%– IHOP– BJ’s Restaurants

• Supermarkets 17.2%– A&P– SUPERVALU

• Upscale Dining 14.7%– Ruth Chris’ Steak House– P.F. Chang’s

• Jewelry 14.6%– Blue Nile– Tiffany

• Teens & Tweens Apparel 13.3%– Zumiez– Urban Outfitters

• Specialty Apparel 12.0%– American Apparel– Gymboree– bebe Stores

• Sandwich/Beverage 12.0%– Chipotle Mexican Grill– Panera Bread

STORES HOT 100 RETAILERS

1. CVS2. Rite Aid3. IHOP4. Amazon.com5. American Apparel6. GameStop7. BJ’s Restaurants8. Chipotle Mexican Grill9. FTD10.Travel Centers of

AmericaOpened Nov 2008

CURRENT RETAIL STATUS

• Retail resources channeled into existing locations– Remodeling– Maintain Same-Store Sales– Financing Challenges

• How Long ???

• NE RE Journal Dec. 4, 2008(Southern New Hampshire)– Bernie’s Audio Video – Cumberland Farms– Honey Dew Donuts– Ninety Nine Restaurant & Pub– D’Angelo’s– Papa Gino’s– Sally Beauty Supply– Pei Wei Asian Diner

• (A Division of P.F. Chang’s)– 7 Eleven– Tedeschi Food Shops– Stor-U-Self– Town Fair Tire– White Hen Pantry

DEVELOPER SITE PRIORITIES• Proven Successful Sites

– Site & Market Intelligence– Competition

• Avoid Cannibalization• Use Successful

Prototypes– Less Desire to try

Something New

• Development Costs– On & Offsite Development– Financing

• “Time to Market”– Time = Money

ACTION PLANS• Relationships

– Retailers– Developers – Real Estate Professionals– Property Owners

• Current Intelligence– Buxton

• Marketing– www.thinkrochester.biz – Trade Publications– Direct Contacts

• ICSC– Annual Meeting– Regional Events– Local Activities