East State Street
Redevelopment Targets 12 Months
● ● Fully-functional RRDP organizational structure
● ● Communications and marketing program
● ● Modification of codes/regulatory environment
●● Set-up targeted leasing organization
● ● Incentive toolkit for mixed-use (re)development and business attraction
● ● Implement 1-3 pilot projects
● ● Lease-up 30-60% of vacant space within the RRDP property pool
● ● Implement initial public realm projects: lighting, flower boxes, façade program, trees, quality seating, patios and patio program
Note: These targets apply to the entire Phase 1 Redevelopment Area 36 Months
● ● Final streetscape improvements installed, parking program, events stages, police bicycle sub-station, parking deck upgrade
● ● Lease-up 90% to 100% of available ground floor commercial space
●● 15–18 new projects and businesses
● ● Private investment of $15MM or redevelopment of 150,000 sq. ft. of space
60 Months
● ● Redevelopment of vacant parking lots
●● 20–40 new projects and businesses
● ● East State Street attracts 450,000 visitors each year ● ● Private investment of $60MM
● ● Boutique hotel opened on East State Street
E
Commercial Uses
Te table below highlights the current commercial occupancy for the street-level CRUs in the core district area.
Commercial Retail Units* (CRUs)
Leased to 3rd Party Owner Occupied Vacant Total
*As at January, 2010 31
# 14
10 11 35
%
40% 29% 31%
100%
Phase 1 Focus Area
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