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Fulton Mall Reconstruction Alternatives and Environmental Analysis
Fresno County Measure CTransit‐Oriented Development Program
City of Fresno
Great cities have great downtownsNashville
Santa CruzPortland, OR
San Diego
ITEM II B
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…and great downtowns have TOD
Western Auto Lofts, Kansas City, MO
Eitel Building, Minneapolis
The Uptown, Oakland
Syndicate Trust Building, St. Louis
The Q, San Diego
Where does revitalization begin?Where TOD works.
ITEM II B
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Look where the density is
Built density on Fulton2.93
Rest of Downtown Plan Area0.62
Private property only2.93
0.62
Look where the transit is
Existing bus stop
Existingbike lane
ITEM II B
1/8/2013
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Look where the opportunities are
Existing bus stop
Existingbike lane
Planned investment
Historic building
Fulton Mall projects: transit‐oriented• Highest residential densities in the Valley
• All points are < 0.4 mi from HST, BRT, and8 existing bus lines that serve thousands daily
• Within a block of the Mall there are:– A 12,500‐seat stadium with 80+ games/year
– 22 restaurants, cafés, bars, breweries, bakeries
– 4 historic theaters
– 13 special event spaces
– 4,000+ parking spaces
– A 49‐table casino
– 197 hotel rooms
ITEM II B
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Challenges unique to Mall
Economic indicatorCitywide or regional Downtown Fulton Mall
Severity of problem on Fulton vs. Downtown
Office vacancy rate 15.8% 12.7% 46.1% × 3.5
Office lease rate per s.f. per month
$1.68$1.41
(regional avg. – $0.27)
$1.03(regional avg.
– $0.65)× 2.4
Major retail vacancy rate
11.0% 11.2% 34.9% × 3.2
Taxable sales per s.f. per year
$274$203*
(citywide avg. – $71)
$79(citywide avg.
– $195)× 2.7
Major historic building vacancy
N/A 35% 71% × 2.0
— Mall operating at 6% of economic potential
— Half the sales/s.f. of identical stores in area
Fulton Mall today (and tonight)
ITEM II B
1/8/2013
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Changes to the Fulton Mall are crucial to support TOD.
Real transit‐oriented development projects hang in the balance.
JC Penney Building
• Building purchased in 2012 by Shay Maghame
• Financing in progress
• 66 residential units over ground floor retail
• Includes 8 affordable units
• Housing density:115.8 units/acre
ITEM II B
1/8/2013
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JC Penney Building
“The future of the Mall is of critical interest to me as I plan the development of transit‐oriented housing in the historic JC Penney building.”
— Shay Maghame
Pacific Southwest Building
• Purchased in 2011 bySevak Khatchadourian
• 16 stories
• 25–50 residential units for a potential density of 100± units/acre
• Plus floors of office, dining, and event space
ITEM II B
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Pacific Southwest Building
“Addressing the access and infrastructure issues surrounding my properties, the historic Pacific Southwest and Helm Buildings, is my main source of hesitation about investing in housing units there.”
— Sevak Khatchadourian
Helm Building
• Purchased in 2012 bySevak Khatchadourian
• 10 stories
• Up to 50± residential units over ground floor retail
ITEM II B
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Granville Homes“We’ve invested in downtown Fresno, but not the Fulton Mall area because currently there is no economic model that works for us on the Mall. The Mall’s future is the most critical infrastructure issue that any transit‐oriented development in that area will face. You can’t expect major investment to occur along Fulton Mall without addressing the Mall itself.”
— Darius Assemi
How do you go from this…
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…to this?
PBID, planning, events, maintenance
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Options for Fulton
Options for Fulton
1
2
3
Future High-Speed Rail station front door
Future central BRT station
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Input from community and experts
Decision by City Council
Final design and engineering
Construction
Environmental study, cost estimates
Input from community and experts
Decision by City Council
Final design and engineering
Construction
Environmental study, cost estimates
ITEM II B
1/8/2013
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Input from community and experts
Decision by City Council
Final design and engineering
Construction
Environmental study, cost estimates
Environmental study, cost estimates• Seeking to fund environmental study costs and decision‐making information only
• Previous application:Measure C Citizens Oversight Committee, Transportation Technical Committee, and Policy Advisory Committee all recommended approval of such expenses in advance of EIR adoption
• These costs total $672,623, we are requesting $474,810 (70.6%) from Measure C
ITEM II B
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Measure C TOD ProgramGoals: To support community‐based transit projects that
1) Are developed through an inclusive planning process with broad private‐public partnerships and outreach;
2) Improve the range of transportation choices by supporting transit facilities and improving links between facilities and activity nodes; and
3) Support well‐designed, high‐density housing and mixed uses near transit
Measure C TOD ProgramThree types of projects/programs funded:
1) Transportation infrastructure improvements, including
– Preliminary design and environmental studies,
– Engineering,
– Land acquisition, and
– Construction;
2) Planning; and
3) Housing in‐fill incentive programs
ITEM II B
1/8/2013
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Measure C TOD ProgramCity of Fresno priorities:
• Administration and City Council support(7‐0 vote on March 8, 2012)...
• …to submit two projects for Measure C TOD funding:
– Development incentives
– Preliminary design and environmental work for Fulton Mall
Fulton Mall funding resubmittal• Decision‐making information only: environmental study, cost estimates
• Previous application:Measure C Citizens Oversight Committee and Policy Advisory Committee recommended approval of such expenses in advance of EIR adoption
• Costs total $672,623, we are requesting $474,810 (70.6%) from Measure C
ITEM II B
1/8/2013
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TOD: Back to our roots in revitalization
ITEM II B
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