KimleyHorn Associates Rose Associates GOAL 7 REDEVELOPMENT OF

Kimley-Horn & Associates Rose & Associates

GOAL 7: REDEVELOPMENT OF THE HEART OF GERMANTOWN 1. Mixed use (residential and nonresidential) development in the heart of the City area 2. Strong retail businesses and office development for professional services 3. People living in the heart of the City area lofts, above business condos, townhouses 4. Pedestrian friendly layout linked to Citywide path/trail system 5. Mid-rise buildings with mixed uses that are attractive and inviting for people 6. Creating a sense of place for the community Germantown Vision 2020

Plan Area

Public Design Charrette September 20 -26, 2006

Firm Ripe (Little for or Possible Future No Intervention Development/ Opportunity Necessary) Redevelopment

Transportation • Focus on Key Gateway Intersections for Pedestrians • Install Pedestrian Crosswalks and Countdown Timers at all intersections • Coordinate the current signal system on Germantown Road • Establish a Bicycle Network • Reclaim unused asphalt for on-street Parking • Connect Germantown Road to Germantown Road Transportation Recommendations

Pedestrian-oriented Intersections

et re St n pla r. A M ai Po ve nu e To Ho sp it al Po Poplar Avenue at Main Street pla r. A ve nu e

Exeter Road – Plan A

Exeter Street

Germantown Rd/ West St Connection

Town Center West

Outparcel Building

Owen Tract – Germantown Rd

Owen Tract – Neshoba

The Town Square

Main Street

1: 3: Phase 5: Storefronts alongof Complete Redevelopment Exeter Redevelopment of Mall Site Hobby Lobby Site On-Street parking Redevelopment of on Exeter New Mid-Block outparcels at Exeter Street + Poplar Completion of Main Street Infill of Mixed-Use Phase 2: 4: 6: Bldgs along Main New Redevelopment Mixed-Use of Street Bldg Dollar Schnuck’s south Treeof Center site Hobby Lobby New Road from New Exeter Road to future connecting Main Street Farmington and Exeter Main Street – Phasing Strategy

General Recommendations • Urban Design Guidelines § Public Art § Wi-fi “hot zones” • Sustainable Design § “Green Buildings” • Marketing & Branding

Smart. Code • Focus is on the design (or form) of the buildings and the use is secondary. • Promotes – More opportunities for mixed-use – Better infill compatibility • Greater attention to streetscape and the design of the public realm; and the role of individual buildings in shaping the public realm Form-Based Codes

Graphic by Duany Plater-Zyberk & Company Less Density Primarily Residential More Density Primarily Mixed-Use Smaller Buildings Larger Buildings More Greenspace More Hardscape Detached Buildings Attached Buildings

Regulating Plan & Code

Building Scale Plans

Financial Analysis To support additional retail and restaurant offerings we need: People & Money • People by day: Employees – Current: 2, 717 – Goal: 7, 500 – Plan: 6, 835 • People at night: Residents – Current: 1, 075 – Goal: 4, 000 – Plan: 3, 575 Development Goals

Financial Analysis Total Units Per Plan Absorption Period Office Average Annual Absorption 1, 387, 800 sf 131, 406 sf Retail 1, 104, 200 sf 120, 000 sf 9 years Residential 1, 233 units 7 years Smart Grown Plan Absorption 115 units 10. 5 years

Financial Analysis BEFORE Housing Commercial 470 908, 931 AFTER 1, 233 Units 2, 096, 900 S. F. NET GAIN 763 1, 187, 969 TOTAL STUDY AREA Estimated Value 343, 086, 200 724, 230, 400 381, 114, 200 111% 283, 813, 600 217, 363, 400 327% SUPERBLOCK / MAIN STREET Estimated Value 66, 450, 200 GERMANTOWN Appraised Value 4, 683, 528, 100 5, 064, 642, 300 Before and After 381, 114, 200 8%

Development Capacity Analysis

Development Capacity Analysis

Regulating Plan & Code