Draft Market Study and Strategy Report James Freas, Regional Planner, Metropolitan Area Planning...
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Transcript of Draft Market Study and Strategy Report James Freas, Regional Planner, Metropolitan Area Planning...
Draft Market Study and Strategy Report
James Freas, Regional Planner, Metropolitan Area Planning Council
June 23, 2011
MetroFuture & South Coast Rail Plan
Downtown Stoughton Vision, 2010
T
Porter Street
Wyman Street
Summer Street
Canton Street
Perry Street
Water Street
Brock Street
Pearl StreetW
ashington Street
Route 138
Park Street
Major Findings & Recommendations
• There is Opportunity in Downtown Stoughton
• Demographics are Destiny (Density & Walkability)
• Defining the Retail Market
• Revitalization Through Public / Private Partnership
• Regulate to Encourage Investment
• Traffic Congestion
Opportunity in Downtown Stoughton
Demographics are Destiny
20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-85 85+
-7%
10%14%
-8%
-23%-22%
-8%
13%20%
38%
59%
26%
-9%
1%
ApartmentsCondosTownhousesSmall Single FamilyStarter Homes
TownhomesCondosSmall Single FamilyCluster DevelopmentLuxury
Senior Living
Stoughton
NeighboringTownsRegion
Projected Percent Change in Population by Age2010-2020
Demographics are Destiny
Low29%
Moderate14%Middle
22%
High35%
Household Income
Low4%
Moderate32%
Middle 44%
High20%
Home Values
Demographics are Destiny
Avon Brockton Canton Easton Randolph Sharon Stoughton
1.7%2.1%
7.3%6.9%
4.2%
7.1%
2.9%
Percent Increase in Housing, 2000 to 2010
Demographics are Destiny
100 Units
Defining the Retail Market
.5 mile
1 mile
3 miles
Defining the Retail Market
50,000 Square Feet
Public / Private Partnership
Regulate to Encourage Investment
Retail
Residential
Residential
Residential
40% 10%
Traffic Congestion
Questions