"Cassady Corner" Development Plan for the City of Bexley, Ohio
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Transcript of "Cassady Corner" Development Plan for the City of Bexley, Ohio
CASSADY CORNERDevelopment Plan
Development Team: Prestige PartnersSean ClarkGrant GuyuronMark HarrisBrian MandelScott Ulrich
Agenda
04/08/23Prestige Partners | Development Plan | Cassady Corner
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Project Overview Site Plan Categories and Density of Uses Market Research Critical Timeline Questions
Project Overview
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Cassady Corner Vision: To create a vibrant, safe and walkable
mixed-use development that serves the needs of the North Bexley Community.
Current conditions of North Cassady Community needs
SWOT Analysis
04/08/23Prestige Partners | Preliminary Development Plan |
Cassady Corner
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Strengths OpportunitiesExisting customers in Cassady North Apts.
Wealthy educated homeowners west of Cassady
Bexley Coffee Shop No neighborhood retail in 1-mile radius
Bexley Natural Market Medical practitioners eager to serve Bexley
High traffic count on Cassady Ave. Older Bexley residents want to retire in Bexley
Infrastructure already exists Young middle income families east of Cassady
Weaknesses ThreatsObsolete buildings Weak real estate marketFractured parcel ownership Perception as part of Columbus, not
BexleyRailroad noise Decline in market position over timeShallow lotsPossible environmental remediation of sites
North Bexley Demographics
04/08/23Prestige Partners | Preliminary Development Plan |
Cassady Corner
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Population 1-mile radius 2-mile radius 3-mile radius
Population (2009)
14,241 44,361 100,474
Pop. (2014 est.) 13,524 42,947 97,072
2009 Median Age
35.39 35.52 35.18
Pop. under 18 28.97% 27.16% 27.86%
Pop. over 65 13.87% 13.07% 12.96%
Bachelor’s degrees
35.7% 29.33% 20.81%
Avg. HH Income $64,702.18 $56,871.41 $47,763.84
HH with children
34.83% 30.8% 30.15%
Drive Time Map
04/08/23Prestige Partners | Preliminary Development Plan |
Cassady Corner
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Neighborhood Retail Needs
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Anchors Supermarket Drugstore Restaurant Hardware store
Other retail uses Offices (medical, dental) Clothing and accessories (women’s ready-to-wear or
specialty, shoes) Gifts/specialty (cards, flowers, gifts, jewelry) Other retail (eyeglasses, beauty supply) Personal services (hair/nail, dry cleaner)
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Development Blocks
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As few phases as possible Cuts costs Critical mass
Start with south side Most
underutilized Eliminates the
risk Preserves
viable businesses Coffee shop,
Natural Market, massage therapists
Phasing
Design Concepts10
Maximize walkability Buildings on the street Parking in back * Wider sidewalks *
Reinforce identity Hard corners
Reflect character 1-3 stories Long, continuous edges
Create vitality Retail on bottom floors
04/08/23Prestige Partners | Development Plan | Cassady Corner
Difficulties11
Parking shallow buildings with
continuous edges deeper buildings with lack of
continuity All parking on edges and
buildings on middle parcels Possibilities:
Shared parking schemes Reduced parking
requirements04/08/23Prestige Partners | Development Plan | Cassady Corner
Site Plan – Land Use Efficiency
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Existing Land Use
Square
Footage
Proposed Land Use
Square Footag
e
Existing Residential 12,616 Proposed Residential 18,600
Existing Retail/Service
15,520 Proposed Retail/Service 20,050
Existing Medical/Wellness
3,118 Proposed Medical/Wellness
14,000
Existing Office 1,395 Proposed Office 10,750
Existing Total 32,649 Proposed Total 63,400
Phase 1 – Food Block (existing)
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Phase 1 – Food Block (proposed)
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15,000 SF Food/ Retail 1 Story
Phase 1 – Food Block (proposed)
04/08/23Prestige Partners | Development Plan | Cassady Corner
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Phase 1 –Wellness Block (existing)
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Phase 1 –Wellness Block (proposed)
04/08/23Prestige Partners | Development Plan | Cassady Corner
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14,000 SF Medical Offices 1 Story
Phase 1 –Wellness Block (proposed)
04/08/23Prestige Partners | Development Plan | Cassady Corner
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Phase 1 – Retail/Office (existing)
04/08/23Prestige Partners | Development Plan | Cassady Corner
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Phase 1 – Retail/Office (proposed)
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8,000 SF Retail First Floor 8,000 SF Office Second Floor 8,400 SF Public
Park/Greenspace
Phase 1 – Retail/Office (proposed)
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Phase 1 – Retail/Office (back-up)
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Phase 2 – Residential/Retail (existing)
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Phase 2 – Residential/Retail (proposed)
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9,300 SF Retail First Floor 18,600 SF Residential 2nd/3rd
Floors
Phase 2 – Residential/Retail (proposed)
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Phase 2 – Civic Block (existing)
04/08/23Prestige Partners | Preliminary Development Plan |
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Phase 2 – Civic Block (proposed)
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10,000 SF Civic First Floor
1 Story Preserving Community
Housing Partners Re-aligned Delmar
Drive (within existing right-of-way)
Phase 2 – Civic Block (proposed)
04/08/23Prestige Partners | Preliminary Development Plan |
Cassady Corner
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Zoning / Regulatory
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No front setbacks Rear may be necessary to manage alley
clearance Instead, build-to line More flexible use restrictions
“Office Commercial” vs. “Neighborhood Commercial” vs. “Low Density Multi-Family Residential”
> “Mixed Use Neighborhood Center” < Allow three-story Main Street Design Guidelines
Shielding street-fronting parking lots Ensuring vertical variation on long buildings Passageways to access parking lots
Financial Incentives / Infrastructure
04/08/23Prestige Partners | Preliminary Development Plan |
Cassady Corner
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How to improve the Columbus side of Cassady?
TIF – Tax Increment Financing Pools increased property values from
redevelopment on Bexley side, contributes to infrastructure improvements on both sides
Complications: CRA – Community Reinvestment Area
Tax abatements reduce pool of funds JEDD – Joint Economic Development District
Timeline
Based on experience of Plaza Properties, developer of Bexley Gateway
Step 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19Identify OpportunityResearch PropertyControl PropertySite PlanPro Forma AnalysisMarketingEntitlementsFinancingConstructionOpen for Business
Time Frame (months)
Financial Plan
See Excel spreadsheet