Marketing Vacant Industrial Sites in A Challenging Economy
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Transcript of Marketing Vacant Industrial Sites in A Challenging Economy
Marketing Vacant Sites in A Challenging Economy
Community Planning Consultantswww.birchlerarroyo.com
BIRCHLER ARROYOAssociates, Inc.
Challenge
•City of Rockwood, Michigan has an existing Industrial Park with substantial vacant land and some vacant buildings
• Partially platted in 1988
• Industrial park has excellent regional access and utilities
•City and County looking for a way to show development potential to possible industrial users
Previous Marketing Sketch
Solution
Birchler Arroyo Associates, Inc. was retained to prepare color sketch plan and renderings of development potential of vacant sites
• The 3-D model can be updated, • Various building perspectives can be shown, • Video fly-throughs can be created, and• All products are internet-ready
Rockwood Commerce Park Lot Layout Concept Plan
Not to scaleNote: This Lot Layout Concept Plan Shows a combination of existing and possible future lot lines. For those parcels that have not been created, City approval of further division of the property will be required.
Woodruff Road
Fort
Str
eet
Rockwood Commerce ParkConcept Plan - Parcel A
Parcel A – Plan View
Lots 1 and 2, Rockwood Commerce Park No. 1
Fort
Str
eet
Russell Drive
Fort
Street
Russell Drive
Gossett Drive
N
N
Note: This hypothetical development concept shows two buildings with a total of ~41,750 sq. ft. on a parcel (two lots) of approximately 141,000 sq. ft.
A B
C
D
E
F
G
H
I
J
KL
Fort
Stre
et
Woodruff Road
Russell Drive
Gos
sett
Driv
e
Site Plan Overview
N
Sample of IndividualParcel Sheets
Rockwood Commerce ParkConcept Plan - Parcel H
N
Note: This hypothetical development concept shows one building with a total of ~115,420 sq. ft. on a parcel of approximately 502,000 sq. ft.
N
Woodruff Road
Woodruff Road
A B
C
D
E
F
G
H
I
J
KL
Fort
Stre
et
Woodruff Road
Russell Drive
Gos
sett
Driv
e
N
Parcel H – Plan View
Site Plan Overview
Sample of IndividualParcel Sheets
A B
C
D
E
F
G
H
I
J
KL
Rockwood Commerce ParkConcept Plan
Parcel Building Area Lot Area % Lot CoverageA 41,750 140,990 30%B 15,441 62,933 25%C 21,510 66,814 32%D 21,224 66,297 32%E 54,861 170,742 32%F 60,452 298,047 20%G 54,824 210,085 26%H 115,420 502,062 23%I 60,414 247,138 24%J 95,702 385,517 25%K 64,845 233,413 28%L 31,845 126,346 25%
Not to scale
Fort
Str
eet
Woodruff Road
Russell Drive
Gos
sett
Dri
ve
Total Potential New Building Area =Approximately 638,300 square feet
Conceptual New DevelopmentPotential Buildout
Existing BuildingFuture BuildingConcept
Note:: This Concept Plan is intended to show possible future development based upon building lot coverage ranges similar to developments previously approved. Actual building coverage will depend upon a detailed site investigation and formal site plan to determine compliance with the City’s Zoning Ordinance. N
Rockwood Commerce Park
The potential for over 600,000 square feet of new development and tools to market it.
Community Planning Consultantswww.birchlerarroyo.com
BIRCHLER ARROYOAssociates, Inc.