SlideShare una empresa de Scribd logo
1 de 86
Descargar para leer sin conexión
Acknowledgements
         East Market Street Development Corporation              United House of Prayer for All People
         Mac Sims, Executive Director                            Bishop S. C. Madison
         Jim Donnelly                                            Apostle Green
         Robert Davis                                            Apostle A.D. Cunningham
         Carolyn Allen                                           Elder Jackson
         Claudette Burroughs-White                               Brother Larry Patterson
         George Durham                                           Elder Bowden
         Derek L. Ellington
         Fannie Gilchrist                                        North Carolina Agricultural & Technical State University
         Dr. Ambrous Jacobs                                      Hap Giberson, Facilities Construction Engineer II
         John Harris III                                         Perry Howard FASLA, Program Coordinator
         Sherwood McNiel                                         Doug Speight, Director of Outreach/Technology Transfer
         Ellen Moore Miller                                      Radha Radhakrishnan, Vice Chancellor for Research & Economic
         Herman C. Platt                                           Development
         James Mayes                                             Landscape Architecture Student Participants
         Dave Maner
         Goldie Wells                                            Bennett College
                                                                 LaDaniel Gatling, Associate Vice President
         City of Greensboro                                      Sherill Barber, Student
         Sue Schwartz AICP, Chief of Neighborhood Planning       Angie Abraham, Basketball Coach
         Dyan Arkin, Community Planner/Development Coordinator
         Yvonne Johnson, City Council                            Community Clergy
                                                                 Reverend Ron Chrisp, Greensboro Urban Ministry
                                                                 Reverend Dr. Norman Handy, Bethel AME Church




900 East Market Street Master Design Plan
Neighborhood Associations                                 Kinzelman Kline Gossman Team
         Nancy Stewart, the Heath Park Community Homeowners        Craig Gossman, Principal, KKG
           Association                                             Brian Kinzelman, Principal, KKG
         James Jarrell, Jonesboro Scott Park Area                  Megan Minock, Planner/Architect, KKG
         Marguerite Scurlock, Foxtrail Neighborhood                Aaron Whittaker, The Whittaker Group
         Pat Alexander, Neighborhood Association                   Erik Brown, Brownstone Design

         Merchants                                                 Special thanks to all citizens, area property owners and
         Gail Foy                                                  charrette participants.
         Debra Rondo

         Business Development Council
         Gary McCrants
         Dextor Morgan
         Bob Chiles
         Necota Smith

         Other Community Stakeholders
         Nate Hargett, Hargett Funeral Services
         Adrian Moore, Executive Director of Hayes-Taylor YMCA
         Gladys Robinson, Director of Sickle Cell Association of
           the Piedmont
         Ira Sheldon, Project/Operation Manager Samet
           Corporation




900 East Market Street Master Design Plan
Table of Contents
                     Our Community                          Guiding Design Principles
                     Background                             Preferred Design Direction
                                                            Phasing
                     Situation                              Estimated Total Projected Construction Costs
                     Setting                                Mission Based Development Plan and
                                                             Economic Impact Analysis
                     Neighborhood Investments
                                                            Recommendations
                     Community Testimonials                 Best Practices

                     Opportunities                          Research Appendix
                     Housing – Opportunities & Challenges   Site Design Options
                     Current Demographics                   Research Process
                     Shopping – Challenges and              Demographics
                     Opportunities                          Drive Time Market Area
                     Shopping – Opportunities               Population & Households
                     Creating Place                         Race & Ethnicity
                                                            Household Income
                                                            Housing Supply & Demand
                                                            Consumer Segmentation
                                                            Additional Interview Notes




900 East Market Street Master Design Plan                                                                  1
Our Community                            East Greensboro is a culturally rich and diverse area. East Market Street is home to nationally
                                            recognized institutions of higher learning, churches with diverse faith, entrepreneurs and
                                            traditional neighborhoods.

                                            Perhaps more importantly, East Market Street is people.

          East Market Street                Individuals, families and neighbors – all with their own unique history and dreams.

                is                          Their perspectives offer tangible insight into the vision for the future of the East Market Street
                                            Corridor.



                    PEOPLE.                 The goal of the Master Plan:

                                            To create a mixed use development concept along
                                            the East Market Street Corridor designed to serve
                                            the needs and desires of the contiguous
                                            neighborhoods, university and college interests,
                                            City of Greensboro and the United House of
                                            Prayer for All People vision.




900 East Market Street Master Design Plan                                                                                                        3
Background
         The history of the Greensboro East Market
         Street neighborhood is both socially rich
         and civically significant.
                     Prior to desegregation, the East Market Street Corridor was the heart
                     of the African-American community in Greensboro. Businesses lined
                     its busy streets and the “uptown” life offered residents a place to eat,
                     greet, shop and recreate.

                     The East Market Street Corridor has played a critical role in our
                     Nation’s history of social change. Four courageous North Carolina
                     A&T State University students helped wake the Country from the
                     stupor of segregation when they staged a sit-in at the downtown
                     Woolworth’s “white-only” lunch counter. Their actions and the
                     subsequent community support helped cast Greensboro as a leading
                     city in the African-American fight for equality in the 50’s and 60’s.
                     Even today it remains an important center for social and political
                     change.




                                                                                                The Palace – “Uptown” East Market Street
                                                                                                   Social Change and Community Heart




900 East Market Street Master Design Plan                                                                                                  4
Situation

           Urban Renewal of the
           1960’s forced a significant
           upheaval onto the business
           community along East
           Market Street.

                                                                                                                The 900 East Market Street site is located in
                                                                                                                a critical location within the community. It
                                                                                                                provides a physical linkage between North
                                                                                                                Carolina A&T State University, Bennett College,
                                                                                                                the East Market Street neighborhoods and
                                                                                                                Downtown Greensboro.

                                                                                                                The 13 acre site is located directly between Bennett
                                                                                                                College and the A&T Campus. Downtown is near to
                                                                                                                the west and residential neighborhoods border the site
                                                                                                                to the north and southeast.

                                                                                                                The former United States Post Office site (“900” in this
                                                                                                                exhibit) is listed with a targeted use of Mixed Use
                                                                                                                Commercial/Research & Development based in the
                                                                                                                community’s 1997 planning study. The building has been
                                                                                                                studied by private development interests for potential
                                                                                                                renovation and adaptive new use. Findings indicated the
                                                                                                                building was not suitable for renovation.

  Site Map from the 1997 East Market Street Master Plan by Development Concepts Incorporated. This area still   The 1997 corridor plan, almost ten years old at this publication,
  remains an important center of educational and spiritual life in East Greensboro.                             already reported the community’s need for commercial,
                                                                                                                entertainment, retail and a hotel/business Center.

                                                                                                                The property was purchased recently by the United House of
                                                                                                                Prayer for All People (UHOP). UHOP remains open to consider
                                                                                                                appropriate long-term reuse of the property.

900 East Market Street Master Design Plan                                                                                                                                           5
Setting
                                                             The East Market Street Corridor connects the Downtown
                                                             Greensboro Area to the eastern parts of the community.

                                                             Railroad tracks separate the project site from the Downtown
                                                             and Bennett College.

                                                             The post office site itself is somewhat of an “island” among
                                                             non-residential uses. It is adjacent to institutional,
                                                             educational and commercial uses.

                                                             It is separate from the surrounding neighborhoods but
                                                             central to the corridor in both location and size.

                                                             The site is arguably the most critical piece of property along
                                                             the corridor in that it has significant size (13 acres), strategic
                                                             location to serve a variety of development interests and
                                                             provides an opportunity to reconnect East Market Street and
                                                             downtown both physically and emotionally.
   Aerial view of East Market Street at Bennett and Dudley




900 East Market Street Master Design Plan                                                                                         6
East Market Street Streetscape   United House of Prayer for All People   Redeveloped Business Center                   New Housing – HOPE VI – Willow Oaks
                                 New Church at Market and Bennett




             Neighborhood Investments
                                    Over the recent past, a number of initiatives by the public and private sector have demonstrated the community’s resolve to
                                    remake the East Market Street Corridor.

                                    The formation of the East Market Street Development Corporation (EMSDC) in 1997 was an important step in reclaiming the
                                    corridor’s former glory. Its board is comprised of members of the local community – residents, business, institutional and
                                    government leaders. The staff of the organization is dedicated, passionate and experienced.

                                    The EMSDC led a community planning study process in 1997-98. The results of that study led to the investment of more than
                                    $10 million for street improvements and thoroughfare enhancements along East Market Street.

                                    Their continued efforts have resulted in the current collaboration with the new owners of the former post office site.

                                    Additionally, there are significant on-going investments occurring elsewhere the community. Privately, the United House of
                                    Prayer built a new church at the corner of Market and Bennett. Their purchase of the former post office site across the street is
                                    further expression of their commitment to community involvement and reinvestment.




 900 East Market Street Master Design Plan                                                                                                                        7
900 East Market Street Master Design Plan   8
Community Testimonials

         The community testimonials represent opinions and perspectives of fictitious but representative
         community residents. The profiles presented are based on research conducted for this development
         study. Extensive quantitative and qualitative research was compiled to uncover the community’s needs.
         The findings from the research are communicated through these example characters. Please refer to
         the process for further insight.




900 East Market Street Master Design Plan                                                                        9
We live in a nice neighborhood – good, hard-working folk for the most part.
                                             I work downtown and my son attends the Washington Street School.

                                             It’s tough to find good day care for Ty and I hate to have to drive so far for groceries, the
                                             doctor and other errands.

                                             I’d like to take some classes to improve my chances for promotion at work.

                                             I’ve heard that the YMCA might move somewhere else. We’d really miss that place.




                                             We wish there was                                              more to do
                                             around here.
          Gladys and Ty Howard
          Single Mother/Elementary Student




900 East Market Street Master Design Plan                                                                                                    10
Research Findings
         The Howard’s situation is common in the East Market Street area.
         One third of the households have children. There are many single
         parent households.

         The former Post Office site at 900 East Market Street could provide
         for many of the services and amenities that the community needs.

         Medical clinics are not conveniently located, shopping is limited and
                                                                                    Community Needs:
         there is a general lack of community identity since Urban Renewal           •   Medical Offices/Clinic
         forced the relocation of many black-operated businesses away from
         East Market Street.
                                                                                     •   Community Center
                                                                                     •   Gathering Places
         The need for more civic meeting and interaction space was                   •   Shopping Alternatives
         mentioned frequently by the community groups interviewed
         throughout the research process.                                            •   Quality Day Care
                                                                                     •   Adult Education
         Quality child care delivered in a convenient location at a fair price is
         a significant need for families with school aged children.

         While there is shopping in the area, it requires traveling by car.
         Having more shopping choices with increases convenience would
         improve the resident’s living situation. Public transportation and
         pedestrian accessible shopping is critical for those residents without
         automobiles.




900 East Market Street Master Design Plan                                                                         11
I worked for the Maynard Company for 7 years. The past couple of years, business
         just slowed down and they had to let a bunch of us go last summer.

         I’m staying busy but it’s tough to make ends meet. My new job at Pick and Shop
         doesn’t pay as much and I’m a little behind. I’m trying to pull myself up from this –
         not looking for hand-outs, just a lift up.

         I need a cheaper apartment – just till I get back on my feet.

         I hear that Global Delivery is hiring but they’re looking for computer skills I just don’t
         have yet.

         If I could get out of the hole, I would like to go back to school and maybe rent a           Willard “Willy” Johnson
         barber chair in someone’s shop. My daddy had a shop on East Market back in the               Recently Laid Off Worker, Single, No Children
         day. I remember him being so proud of that shop.




                                                        things
                                                                                                      Willard “Willy” Johnson
              No one’s fault –                                                                        Recently Laid Off Worker, Single, No Children




              happen I guess.



900 East Market Street Master Design Plan                                                                                                             12
Research Findings
         Mr. Johnson is going through a period of personal upheaval. Many
         families and individuals experience such a challenge sometime
         during their lifetime.

         Affordable housing is a real need in the community. Particularly
         necessary is housing which carries people through a transition such
         as the death of a spouse, a medical situation, change in employment
         or marital status or another type of financial crisis.                     Community Needs:
         Transitional housing and step up housing is also in demand. There           • Affordable Housing
         is little today in the way of housing alternatives on East Market Street    • Job Training
         and the post office site could provide a way to introduce a number of
         different housing alternatives for the community.                           • Business Incubation
         The former Post Office site at 900 East Market Street could also
         provide for many of the services and amenities that the community
         needs. Retail and business incubation and job training should be
         included on the site. The local universities should be included in this
         strategy to leverage their unique ability to provide for the
         community’s education.

         The strength of the community comes in its diversity – people living
         and helping one another.




900 East Market Street Master Design Plan                                                                    13
Our children are on their own now – it’s just Fred and me and we love it!

                                                 We love the neighborhood but we honestly don’t need all the yard work
                                                 anymore. We’d like to stay close to where it’s all happening maybe in a
                                                 smaller place. Our new grandbaby will visit sometimes but we just don’t
                                                 need all this space anymore.

                                                 We’re starting to think about retirement but right now we’re staying active and
                                                 enjoying the time we have together.

                                                 It would be great if there were more choices on East Market Street for
                                                 shopping and entertainment.




           Frederick and Mitsy Cooper
           Married Couple, Grown Children




                              We enjoy      going out                      for dinner
                              and walks.


900 East Market Street Master Design Plan                                                                                          14
Research Findings
         The aging baby boomers across the United States are creating a
         unique dynamic in market planning. Greensboro in no excpetion to
         this trend.

         The needs of the maturing residents in East Greensboro must be
         accounted for in planning. Housing alternatives including options
         for more convenient living are attractive options for those done with
         their child raising chores. As these residents continue to age,
         offering options for independent, congregate and assisted living is
         necessary to allow for these residents to stay in the neighborhood      Community Needs:
         rather than move away.                                                   • Housing Alternatives
         While raising children is typically not a primary task for these         • Elder Care
         individuals and families, children are important to their existance.     • Arts and Culture
         Providing the same types of amentities, services and activities that
         younger families enjoy is important.

         Arts, culture, restaurants and other entertainment alternatives
         contribute to creating a rich envinronment for the pre-retired and
         retired residents.




900 East Market Street Master Design Plan                                                                  15
I love school! The education and culture we get exposed to is very exciting and challenging. Its was hard to be away
         from home at first but I soon found a group to hang with and got real busy studying.

         I live on campus but leave for shopping and fun. Right now we have to get a cab to the Mall or walk up to Summit.
         Cabs are expensive and frankly I hate walking that far!

         I’ve got friends at A&T and it would be great if our campus were more connected. My degree will be in Education and
         I’ve been accepted into A&T’s grad program in Education. I’ll have to work part-time to help cover tuition.

         I’ve started a grad level class over there.

         I’ll be getting an apartment next year. I’d like to try to live off campus but still need to be close for class and work.




                                                                                                                                     Charlene MacDonald
                                                                                                                                     Graduating Bennett Next Spring
                               Its inconvenient to walk – seems like
                               there could be a                            nicer (and safer) path.

900 East Market Street Master Design Plan                                                                                                                             16
Research Findings
         The younger resident within the Greensboro community could be
         served with affordable, convenient and unique housing alternatives.
         These younger student residents are perhaps finishing their education
         and beginning their career or going further with education and
         internship-type activities.

         Many do not yet have families so their desire is for a living situation
         which stresses lifestyle, career, education and fun. Without offering
         appropriate housing alternatives for this segment, the community          Community Needs:
         forces them to look elsewhere.
                                                                                    • Housing Alternatives
         The post office site can offer a variety of housing alternatives which     • Connect the Campuses
         are presently not available in the market. These housing types might
         include small flats in multi-story buildings or larger townhomes. The      • Arts and Culture
         housing could be within close proximity to restaurants/shopping and
         other entertainment uses. Furthermore, such housing would be close
         to both University campuses as well as the downtown.

         Arts, culture and open-air green space and other amenities would
         blend to create a unique sense of place and anchore the larger
         community.




900 East Market Street Master Design Plan                                                                    17
I am looking for a place to live on East Market Street during my two-year
                                                                         professorship. Diversity – both ethnically and economically – is attractive to
                                                                         me.

                                                                         I want to be able to walk to campus and downtown – I won’t need a car in
                                                                         the States.

                                                                         Shopping, arts and good restaurants are important. A book seller would be
                                                                         nice too.




          Dr. Johann Bernstrom
          Visiting Professor, Economics; Resident of Berlin




                                                                          expected in
                                                              Frankly, it is
                                                              communities abroad.

900 East Market Street Master Design Plan                                                                                                                 18
Research Findings
         The history of ethnic community and the educational dynamic on
         East Market Street makes it very unique marketplace. It introduces a
         number of potential market supports for the post office site that
         should be leveraged.

         The universities have short-term and long-term housing needs for
         staff and faculty as well as students. The housing should be             Community Needs:
         affordable and must include local amenities such as services,             •   Housing Alternatives
         transportation and restaurant uses.
                                                                                   •   Connect the Campuses
         The physical connection that is lacking between the two institutions      •   Connect to Downtown
         can be bridged with effective design of the post office site.
         Furthermore, the connection of East Market Street to the downtown         •   Arts and Culture
         can be strengthened.                                                      •   Restaurants
         Arts, culture and certainly food services are important uses to           •   Business Collaboration
         consider for the site. The area’s rich history as a community center
         for such activities should be reitegrated into uses on the post office
         site.

         The universities can offer important tenant opportunities or
         development partnerships. Their need for programming and office
         space should be explored and considered in the overall development
         scheme.




900 East Market Street Master Design Plan                                                                       19
900 East Market Street Master Design Plan   20
Opportunities
         The 900 East Market Street site offers an opportunity for a
         development entity to create a powerful mixed-use infill development
         designed for the diverse interests of East Greensboro.

         Weaving all of the critical design components together expressed
         during stakeholder interviews, the property could be organized to      •   Cultural and/or spiritual component
         echo the community’s request for the following critical success            [civil rights interactive center,
         elements:                                                                  spiritual gardens, special chapel,
                                                                                    etc.]
           • Culture
           • Housing                                                            •   Community Center [senior, family,
           • Education                                                              students, youth]
           • Retail/Food service (Market)                                       •   Student/Faculty/Neighborhood
           • Hospitality (Hotel)                                                    Housing
           • Spiritual                                                          •   Farmers Market with several
           • Public Space                                                           permanent year round tenants
                                                                                    [market/produce, restaurants]

                                                                                •   Ethnic Food Hall/Court [maybe
                                                                                    underwritten by the city to allow
                                                                                    start-up smaller neighborhood
                                                                                    operators to be included]

                                                                                •   Outdoor gathering space [small
                                                                                    concerts, speakers, convocations,
                                                                                    family as well as student friendly]

                                                                                •   Linked to future entertainment and
                                                                                    retail area across Pastor Anderson

                                                                                •   Possible Business/Research Center
                                                                                    associated with the university and
                                                                                    college

                                                                                •   Future connection to the rail line




900 East Market Street Master Design Plan                                                                               21
Housing – Opportunities & Challenges
         Housing Market Trends
         The following section details various broad urban housing market trends and
         discussion of their impact to the East Market Street housing market.
                                                                                                                                                Household Type
                                                                                                        100%
                                                                                                                               Cohabitation
         Fragmentation/Diversity
                                                                                                        90%

         After WWII, the housing market responded briskly to a number of trends both economic and
                                                                                                        80%
         demographic. The development community delivered a steady supply of single family homes
         in an ever increasing swath of suburban development. The nature of the demographic             70%                       Single
         profile of home buyers during this period provided very stable and predictable source of
         buyers with very homogeneous needs.                                                            60%


         Today’s housing market is very different – more diverse. Married couples without children      50%
                                                                                                                       Single Parent Family - No
         and people living alone now account for the largest housing market segments nationally. In                        Related Children
                                                                                                        40%
         the East Market Street area, single occupant households account for the largest segment of
         the housing population. The housing market must respond to the demands of this increasing      30%
                                                                                                                               Single Parent
                                                                                                                                with Children
         diversity.                                                                                                           Married Couple
                                                                                                                              w/out Children
                                                                                                        20%
                                                                                                                      Married-couple Family - No
         There is opportunity to develop housing to address all types of needs for all types of                            Related Children
         residents. The traditional detached single family structures that dominate the neighborhoods   10%
                                                                                                                              Married Couple
         adjacent to Market Street should be complimented by other forms of housing for young                                  with Children
                                                                                                         0%
         people, families, empty nesters, pre-retired and retired persons. The pricing of these units
                                                                                                                                 EMSC                        North Carolina
         should be positioned to be affordable for East Market Street residents. Furthermore, those
                                                                                                          Source: US Census
         residents desiring new housing types and amenities should not be forced from the
         neighborhood. Rather, these persons should be given opportunity to find such housing in
         the East Market Street area at prices that are attractive relative to competing areas.




900 East Market Street Master Design Plan                                                                                                                                     22
Diverse users demand diverse housing options.
         These images represent examples of appropriate new
         housing for the site.




900 East Market Street Master Design Plan                     23
Current Demographic
         The one constant is change – particularly in demographics. The
         following section details some important trends in the nation’s
         demographic profile.

         Baby Boomers and Seniors                                                                                              Population Age Projection
         A widely discussed trend in demographics is the aging of our ‘baby                      100%

         boom’ population. Since WWII, this important demographic
         segment has shifted our nation’s economy and social fabric. Their                         90%                                                                                Age 65+
         transition into retirement from the middle age activities of family life
                                                                                                   80%
         will be an important shift for our business, social, public
         management and health care systems.                                                       70%
                                                                                                                                                                                      Age 45-64
         By 2010, just over 10 percent of the nation’s population will be                          60%
         older than 65. By 2030, nearly 20 percent of the population will be
         65 and over.                                                                              50%
                                                                                                                                                                                      Age 20-44
         The empting of nests and subsequent retirement of these consumers                         40%
         is redefining life for older consumers. Contrary to the traditional
         stereotype for retirement, a recent Yankelovich survey coined the                         30%
         term “retreaderment”.                                                                                                                                                        Age 5-19
                                                                                                   20%


                                                                                                   10%


                                                                                                    0%                                                                                Age 0-4

                                                                                                              2000           2010            2020           2030        2040   2050

                                                                              Source: US Census Bureau, 2004, "US Interim Projections by Age, Sex, Race and Hispanic"




900 East Market Street Master Design Plan                                                                                                                                                  24
Housing and living amenities are crucial for adults moving beyond child rearing into the next stage of life. Such
                                            consumers may no longer make housing decisions based on schools now that their children are grown. They look for
                                            housing that provides amenities, easy maintenance, access to arts, cultural and sporting activities and housing close to
                                            work.

                                            They do not see themselves as old and take part in leisure activities with that theme in mind and work longer – either at
                                            their primary occupation or an avocation in a second “meaningful” career.

                                            The market for second homes is growing as baby boomers with means look to other areas for pre-retirement
                                            vacationing and retirement living. One size does not fit all for these consumers – choice in location and amenity are
                                            the keys to sustainability.

                                            Consumers in lower income neighborhoods with more limited financial resources may not be good candidates for
                                            second retirement homes but may still desire for the reduced maintenance and easier layout of a modern housing
                                            alternative. Research has shown that baby boomers are less likely to move away from their children in retirement, so
                                            they may seek in-town alternatives to their detached single family house.

                                            Senior care for urban communities can follow the model established in suburban retirement centers. The model for
                                            care continuum starts with independent living offering access to social, medical and maintenance services in apartment
                                            or retirement condo living arrangements. When assisted living is required, communal living arrangements with
                                            managed medical and living aid can be offered. Finally, nursing facilities are within the same neighborhood so that
                                            family, friends and neighbors remain close.




900 East Market Street Master Design Plan                                                                                                                               25
It is impracticable in an urban environment to offer the care continuum in a single campus like facility that larger suburban care centers can provide.
         Communities should, however, take note of the various types of housing and senior care requirements and focus developments along providing the complete
         continuum within their neighborhood. The process of moving along the senior care continuum is made particularly difficult if we ask our aged citizens to
         move out of their neighborhood away from friends and family once their needs for care change.



                                                    Characteristics and Amenities for Baby Boomers and Seniors:

                                                           •   Choice of different housing types – flats, condos, mid- and high-rise, smaller detached
                                                               patio homes (condo maintenance) and communal living
                                                           •   Less maintenance
                                                           •   Home offices, sun rooms, fancy kitchens, fitness areas, mother-in-law suites
                                                           •   Safe and secure environment
                                                           •   Close to family, arts, culture and entertainment activities
                                                           •   Close to work
                                                           •   Transitional care continuum from independent, assisted and nursing care in the
                                                               neighborhood




900 East Market Street Master Design Plan                                                                                                                           26
Young Upstarts

         Generation X, Generation Y – the young upstarts of our communities
         offer vibrant additions to the urban mix. These consumers are            Characteristics and
         finishing high school and entering a trade, attending college and
         working or beginning their career after college graduation. While
                                                                                  Amenities for Young Upstarts:
         their means may be limited, their dreams and aspirations are not.
                                                                                      •   Adjacency to entertainment,
         They desire a vibrant community and look for fun, fitness, arts and              restaurants, bars, night life
         eatery. A 2002 Wall Street Journal survey of college grads reports           •   Outdoor recreation and sports – parks,
         that 75% identified location as more important than availability of              trails and greenspace
         jobs in their selection of a place to live.                                  •   Smaller – less expensive – housing
                                                                                          alternatives
         This market segments is very diverse in its needs. The presence of           •   Some family needs (see next section)
         children, either in married couple families or single parent
         households, drives consumer choice along directions which differ             •   Safety security
         from households and individuals without children.                            •   A hip, vibrant culture

         Single occupant households desire safety, vibrant community,
         meaningful social interactions, access to life’s goods and services as
         well as life’s icing – arts, entertainment and cultural endeavors.

         Economically, there is diversity as well. Young upstarts with money
         will use that means to live in areas offering unique amenities and
         adjacencies. These consumers will pay for a chance to be in the
         ‘scene’ of a hip up and coming neighborhood.

         Young upstarts with more limited means have many of the same
         desires but their expression and means of fulfilling those needs is
         driven by their financial options.




900 East Market Street Master Design Plan                                                                                          27
Households with Children

         As has been previously discussed, the presence of children now
         crosses many traditional housing group boundaries. Regardless of
         the type of household, the presence of children clearly impacts the
         requirement that consumers have for homes and neighborhoods.

         Safety, education and recreation are three overarching areas of
         need.

         Daycare is a concern – particularly in more economically stressed
         neighborhoods. Breaking the cycle of poverty in families with a
         single parent can be difficult. Access to quality, affordable and
         dependable child care is essential to allow these struggling families
         to improve their prospects.

         Safe recreation is important. Children of all economic and ethnic
         backgrounds long for fun and friends. Providing for safe places for
         their recreation is necessary to insure our next generation’s healthy
         and happy growth.                                                       Characteristics and Amenities
                                                                                 for Households with Children:
         Education and easy access to schools is another area of critical
         importance to parents of children. Neighborhood schools with
         passionate and caring educators are an important anchor of                  •   Safety and security
         community activity and a strong magnet for new residents.                   •   Education
                                                                                     •   Daycare
                                                                                     •   Recreation
                                                                                     •   Cultural and artistic activities
                                                                                     •   Convenient shopping




900 East Market Street Master Design Plan                                                                                   28
Housing for the Less Fortunate

         Fortunately, the idea of “warehousing the poor” in lifeless high rise housing projects has finally
         fallen by the wayside of public policy.

         Today’s strategy for public housing stresses integration and builds neighborhood character and
         hope in the community.

         The best designed and implemented examples of recent projects have neighbors in market-rate,
         near-market-rate and subsidized housing living together in one community.

         Willow Oaks-HOPE VI Project, located in South-East Greensboro, is a great example of a
         transformation of obsolete public housing and the surrounding area into a vibrant, mixed-income
         community. Half of the 608 housing units at Willow Oaks are rental or for sale at market value.
         While the other half will be subsidized by the Greensboro Housing Authority giving opportunities
         for low-income residents to purchase a home at a reduced rate. See image on the lower right.
                                                                                                              Cabrini Green, Chicago’s Near North Side
         Providing innovative subsidization is critical to the project’s long term viability and impact to    The Failed Model for Public Housing
         resident’s lives.

         Live/work programs, child care, health care, down payment assistance and match and other
         programs help offer less fortunate residents a way up and out of poverty.

         The new model of economic integration not segregation puts the community back together. The
         “haves” and “have less” learn from one another and do what communities do best which is
         move forward together with a sense of belonging and hope for the future.




                                                                                                              South-East Greensboro Willow Oaks-HOPE VI Project
                                                                                                              Market Rate and Subsidized Units




900 East Market Street Master Design Plan                                                                                                                         29
Immigration/Ethnic Diversity

         As is our history, the American demographic landscape continues to             Ethnic Diversity 1990-2000 - East Market Street (5-Min Drive)
         change and evolve. The ethnic diversity, or melting pot, of our population                                                       1990         % Pop      2000    % Pop   Change
         is increasing with a new influx of Hispanic ethnicity peoples from abroad.
         Additionally, more localized but strong trends of immigration from other       Total Population                                 62,094                  64,007            3.1%
         cultures such as Asia and Africa is impacting the consumer makeup of our
                                                                                        Population by Race/Ethnicity
         neighborhoods.
                                                                                         White Alone                                     24,254         39%      21,460   34%     -11.5%
                                                                                         Black or African American Alone                 35,978         58%      38,875   61%      8.1%
         The statistics show that overall population has grown slightly from the 1990   Races Other than Black/White
         Census. The number of persons reporting White race has declined by 11%          Asian Alone                                       700              1%   1,057     2%      51.0%
         while persons reporting Black or African American has increased by 8            Pacific Islander Alone                             10              0%    28       0%       0.0%
         percent.                                                                        Some Other Race Alone                             156              0%   1,293     2%     728.8%
                                                                                         Two or More Races                                 680              1%    979      2%      44.0%
                                                                                        Total Other                                       1,546             2%   3,357     5%     117.1%
         The number of persons reporting Hispanic ethnicity in East Market Street
         area has grown by over 400% to make up four percent of the population.         Hispanic Population Total*                         466              1%   2,531     4%     443.1%

                                                                                        Source: U.S. Census 2000, ESRI.
                                                                                        *Hispanic is counted as an ethnicity by the US Census not a race.




900 East Market Street Master Design Plan                                                                                                                                                 30
Shopping – Challenges and Opportunities
         East Market Street was once the center for commercial activity in East
         Greensboro. While there is still significant merchant presence, the
         opportunity to provide some additional neighborhood and student
         focused retail exists.

         The Food Lion grocery provides an important source of daily
         sustenance needs. The newer shopping centers just south of the A&T
         Campus have many spaces occupied but with non-retail uses and do
         not appear to provide the student population with retail option
         focused on their needs. There appears to be a high rate of turnover
         which may also indicate a less than ideal retail environment.            Existing Food Lion


         The challenges facing retail along East Market Street include the lack
         of significant income in the adjacent neighborhood. Retailer site
         selection models generally focus on the number of households within
         a 1 or 3-mile radius and their average disposable income.




                                                                                  Existing Area Shopping Center




900 East Market Street Master Design Plan                                                                         31
Additionally, competition from other retail shopping districts is stiff and
         increasing with the opening of Wal-Mart to the north.

         The physical configuration of East Market Street is also a challenge.
         Retail works best if it is flanked and fronted by other retail. Consumers
         tend to notice stores better when they are grouped together – mall
         development has proved this point rather convincingly. A “single
         loaded corridor” or one that has retail only on a single side – presents
         challenges to retail tenanting.

         There is very strong vehicular traffic along East Market Street – perhaps
         moving too fast to encourage convenient “stop-walk-and-shop”.                 New competition for East Market Street retail


         There is an additional opportunity along the corridor and in
         particular with the former Post Office site to design new projects with
         more urban characteristics in mind. In-fill projects along East Market
         Street to date have been designed with suburban retail center
         character with more concern for the automobile than pedestrians.
         Consequently, the corridor remains significantly auto oriented with
         less then desirable traffic speed for an urban commercial mixed use
         area.

         While the pedestrian access has been improved, the merchants                  Non-retail uses along corridor
         considered for the post office site must be organized in such as way to
         both provide exposure to the passing traffic but also be very accessible
         to the walking customers from the neighborhood, the parking areas
         and students from Bennett and A&T.




                                                                                       Lessons can be learned from pedestrian focused shopping mall design models




900 East Market Street Master Design Plan                                                                                                                           32
Shopping Opportunities
         It is the opinion of the consulting team, the real estate
         development community and the stakeholders that the post
         office site is best configured as a mixed-use project. Retail, while
         important in the overall mix, is not considered to be the driving
         use of the site. An understanding of the fundamental
         interrelationship between university stability and the vitality of
         abutting businesses can promote an innovative public-private
         partnership.

         Retail that should be considered must be unique and positioned
         to meet unmet demand.

         Some ideas include:
         • Green grocer market
         • Book Store
            o Christian/University
            o Perhaps co-branded with a national bookseller
            o North Carolina A & T University and/or Bennett College
         • Restaurant –
            o United House of Prayer Café
            o Ethnic Food Alternatives
            o Deli Market
         • Retail Incubation Space




900 East Market Street Master Design Plan                                       33
Creating “Place”
         What is “place”? Technically – it is a location. Emotionally, it is something far more
         compelling.

         Place has memory – interactions – people – sounds – smells. Place is a sense of community. It
         begins with a public space as the framework around which housing, retail and commercial
         buildings are well integrated.

         It is inevitable that place should feel authentic and original. Creating a unique identity can set
         the stage for visitors to perceive the authenticity. An identity should be carried throughout a
         variety of destinations capitalizing on a wide-range of uses and activities. The identity should
         be folded into activities for all seasons and should serve a variety of people from all
         backgrounds.

         Place making and identity can be further defined by creating consistent, powerful visual themes
         in signage and wayfinding applications; the illustrations demonstrate conceptual examples for
         the East Market Street Development.




900 East Market Street Master Design Plan                                                                     34
Guiding Design Principles
         Community input has driven this design exercise. The suggested uses and product mix in the following design
         scenario is based on the needs of the community, the market that would be expected to support this project and
         a rational economic analysis to gauge the feasibility and sustainability of the design.

         The scale of the development is driven by the size of the subject property and its place relative to other uses and
         densities. While the site cannot be considered a downtown site within the core central business district – it is
         near the downtown. These types of sites are transitional in nature and are most appropriately designed for
         densities greater than tract housing but less than the downtown’s high-rise structures. Four to six stories is very
         appropriate.

         The site is large and can support a number of different uses and structures. The topography of the site lends
         itself to multi-level mixed use design scenarios to take advantage of various entry and exit locations.

         Sites of such size also require a significant economic investment to generate a prudent return on investment
         (ROI). The economic model for a not-for-profit investment such as that of the United House of Prayer may be
         slightly different than that of a commercial lender or for-profit developer. Notwithstanding, however, is the need
         to provide for a sustainable development for their mission and its inherent investment by the congregation.




                                   Design Themes:
                                   •    Mixed Use – Urban Density
                                   •    Housing – Various Housing Types
                                   •    Some Retail – Neighborhood Serving
                                   •    Office – University Uses/Market
                                   •    Connect the Site to Its Surroundings
                                   •    Engage the Street – Pedestrian Friendly

                                                                                                                The close proximity to downtown provides an opportunity to
                                                                                                                develop a transitional higher density project.




900 East Market Street Master Design Plan                                                                                                                                    35
Preferred Design Direction
         The preferred design concept described below and illustrated on pages 37 and 38, introduces a street network
         to the property to create a variety of redevelopment sites within the overall 13 acre tract. It engages the
         adjacent campus at the intersection of Bennett and E. Market Street and provides significant outdoor plaza           Building A
         space and pedestrian thoroughfare.                                                                                   UHOP Restaurant
                                                                                                                              Office/Housing Above
         The mix of uses stresses residential, office, retail and community uses.                                             Building B
                                                                                                                              Community Center
         Across from the UHOP church, a two-story mixed use structure, Building A, would house the UHOP restaurant            Day Care
         on the ground floor with Office or Housing uses on the second floor. This space would offer an upgraded              Buildings C1 & C2
         facility and seating area for the very popular UHOP restaurant currently located in the basement of the church.      Elder Independent Living
         It would also include an outdoor seating area and provide for greater exposure to Bennett Street.                    Aparments/Townhomes
                                                                                                                              Building D
         The second floor of Building A could provide additional church programming space or market housing.                  Retail
                                                                                                                              Office/Housing Above
         Building B provides a logical place for a UHOP Community Center/Day Care with space for church
                                                                                                                              Building E
         programming such as band and choir rehearsal space, a computer lab and senior activities. Located in the
                                                                                                                              Academic Building
         center of the site, a secure outdoor playground facility would serve both the daycare center planned for the
         structure and the greater East Greensboro community during non-school hours.                                         Building F
                                                                                                                              Hotel
         Buildings C1& C2 provide independent living homes for elder residents in the area. These are smaller attached        Buildings G, H
         condos or apartments that are in a prime location for residents to have easy access to the site amenities.           High Density Housing
                                                                                                                              Building I
         Located right on East Market Street Building D completes the Market Commons Plaza adjacent to the                    Stacked Townhouses
         Community Center and the UHOP Restaurant. This building will have retail storefront on the first floor and
         office or residential on the second floor. The first floor could showcase restaurants that have outside seating on
         the sidewalk or plaza creating an enticing atmosphere.




900 East Market Street Master Design Plan                                                                                                                36
To create further connections between the university and the site, Building E would hold academic activities.
         Bringing students across the street will help the restaurant and retail business on the site.

         Housing is a large component of this plan with Buildings I, G & H adding to the variety of housing types to the
         site. The types are shown to be varied in nature – flats, stacked two-story townhomes and four-story structures.
         Buildings G & H are high density housing that faces the plaza above the parking garage allowing direct parking
         access for the residents. The rest of the housing adjacent to the railroad tracks and the high density housing is
         stacked townhomes. These should be market rate helping to create a diverse housing stock on the site.

         Building F at the corner of East Market Street and Pastor Anderson is the foremost location for a hotel. Closest
         to Downtown Greensboro this hotel could have a modest 150 rooms that would cater to the academic
         community as well as the Downtown. This would be a perfect place to stay for a visiting professor that is
         lecturing at the adjacent academic building or local universities.

         The remainder of the site plan includes a large underground parking facility to service office and residential
         users, garages for the residents in the townhomes or independent living homes, as well as on-street and surface
         parking to serve UHOP parishioners on Sunday and shoppers, residents and workers at other times.




900 East Market Street Master Design Plan                                                                                    37
Preferred Design Direction                                                                       North Carolina A&T
                                                                                                      State University

                                                                                                            Book
                                                                                                            store



                                                                      Market Street
                                                                                 F

                                              F               E                 D

                                                                                                      A
                        Pastor Anderson




                                          G           H
                                                                           C1       B
                                                          I


                                                                  I   C2

                                                  I


                                                                                        Bennett College




900 East Market Street Master Design Plan                                                                                  38
Preferred Design Direction

                                                       Staked Townhomes                                              High Density
                                  Independent Living                                                                 Housing
                                  Homes


               Community Center
               Daycare

     Seasonal Farmers
     Market




                                                                                                                          Hotel


                                                                                                 Academic Building

                                                                                  Retail
                                                                                  Office Above
                                                                 Market Commons


                                                       UHOP Restaurant
                                                       Office or Housing Above




900 East Market Street Master Design Plan                                                                                           39
Market Street Commons




    View of proposed Market Street Commons from
    Market Street and Bennett Intersection




900 East Market Street Master Design Plan         40
Phasing

    Phase 1
        •   Post Office Demolition
        •   Remediation

    Estimated Construction Costs
    Phase 1
    Post Office Demolition   $1,100,000
    Remediation               $550,000
    Earthwork                  $207,000
    Phase 1 Total            $1,857,000



                                            Post
                                            Office




900 East Market Street Master Design Plan            41
Phase 2 – 4.13 Acres
       •   UHOP Building – 28,932 sq ft
       •   Parking Lot – 112 spaces
       •   Plaza – Market Commons

    Phase 3 – 1.18 Acres
       •   Community Center/Day
           Care – 11,300 sq ft
       •   Independent Living
           Homes
                                                 3
           –   900 sq ft per Unit                    2
           –   18 Units


    Estimated Construction Costs
    Phase 2
    UHOP Building                   $3,501,000
    Site Amenities                   $844,000
    Phase 2 Total                   $4,344,000

    Phase 3
    Community Center/Day Care       $1,367,000
    Independent Living Homes        $1,782,000
    Site Amenities                     $63,000
    Phase 3 Total                   $3,213,000




900 East Market Street Master Design Plan                42
Phase 4 – 0.72 Acres
    •       Independent Living Homes
               –   900 sq ft per Unit
               –   26 Units

    Phase 5 – 3.65 Acres
        •   Hotel – 150 Rooms
        •   Academic Building – 34,000 sq ft
        •   High Density Housing – 70 units
        •   Parking Structure – 485 Spaces     5

    Estimated Construction Costs
    Phase 4
    Independent Living Homes    $2,574,000
    Site Amenities               $432,000
    Phase 4 Total               $3,006,000
                                                   4
    Phase 5
    Hotel                      $14,245,000
    Academic Building           $6,919,000
    High Density Housing        $8,458,000
    Underground Parking         $7,469,000
    Site Amenities                $474,000
    Phase 5 Total              $37,565,000




900 East Market Street Master Design Plan              43
Phase 6 – 0.65 Acres
      •   Mixed-use Building          – 53,200 sq ft


    Phase 7 – 3.82 Acres
      •   Stacked Townhomes
          –   1,200 sq ft per Unit
                                                           6
          –   84 Units

      •   Garages
          –   50 Cars


    Estimated Construction Costs
    Phase 6
    Mixed-Use Building        $5,852,000               7
    Site Amenities               $23,000
    Phase 6 Total             $5,875,000

    Phase 7
    Stacked Townhomes        $18,810,000
    Site Amenities             $517,000
    Garages                    $432,000
    Phase 7 Total            $19,761,000




900 East Market Street Master Design Plan                      44
Estimated Total Projected Construction Costs
                                                                                                                              Estimate   Contingency*
                                                                                       STORIES   QUNTY     UNIT   UNIT COST     $000s          $000s
              Phase1
                                              Post Office Demolition**                    -      304,800   SF        $6        $1,000         $1,100
                                              Remediation**                               -      506,700   SF        $3          $500           $550
                                              Earthwork                                   -      18,800    CY       $10          $188           $207
                                                                                                                               $1,688         $1,857
              Phase 2
              Building A                      UHOP Building                              2       28,932     SF      $110       $3,183         $3,501
                                              Site Amenities                             -          -        -        -          $767           $844
                                                                                                                               $3,950         $4,344
              Phase 3
              Building B                      Community Center/Day Care                  1       11,300     SF      $110       $1,243         $1,367
              Building C1                     Independent Living Homes                   2       16,200     SF      $100       $1,620         $1,782
                                                 Each unit is 900 sq ft - 18 units       -          -        -        -             -              -
                                              Site Amenities                             -          -        -        -           $58            $63
                                                                                                                               $2,921         $3,213
              Phase 4
              Building C2                     Independent Living Homes                   2       23,400     SF      $100       $2,340         $2,574
                                                 Each unit is 900 sq ft - 26 units       -          -        -        -             -              -
                                              Site Amenities                             -          -        -        -          $393           $432
                                                                                                                               $2,733         $3,006
              Phase 5
              Building F                      Hotel                                      4       74,000     SF     $175       $12,950        $14,245
              Building E                      Academic Building                          2       34,000     SF     $185        $6,290         $6,919
              Building G,H                    High Density Housing – 70 Units            3       69,900     SF     $110        $7,689         $8,458
                                              Underground Parking                        2        485       EA    $14,000      $6,790         $7,469
                                              Site Amenities                             -          -        -       -           $431           $474
                                                                                                                              $34,150        $37,565
              Phase 6
              Building D                      Mixed-Use Building                         3       53,200     SF      $100       $5,320         $5,852
                                              Site Amenities                             -          -        -        -           $21            $23
                                                                                                                               $5,341         $5,875
              Phase 7
              Building I                      Stacked Townhomes                          3       91,200     SF      $125      $11,400         $12540
                                                 Each unit is 1,200 sq ft - 76 Units     -          -        -        -             -              -
                                              Garages (50 Cars)                          1        7,900     SF       $50         $395           $435
                                              Site Amenities                             -          -        -        -          $470           $517
                                                                                                                              $12,265        $13,492

              PROJECT TOTAL - Phases 1-7                                                                                      $63,048        $69,352
              *Contingency - 10% for unexpected conditions.




900 East Market Street Master Design Plan                                                                                                               45
Mission Based Development Plan and Economic Impact Analysis
         United House of Prayer for All People (UHOP) purchased the former Post Office Sorting Facility site at 900 E. Market Street for $3,650,000 in June of 2005. While
         a detailed assessment of the conditions of the existing structures was not within the scope of this engagement, it is assumed based on prior reviews of the site’s
         buildings that the site will require demolition and remediation of hazardous materials.

         The development of the site from UHOP’s perspective could take many forms. UHOP reports that their history of development has been handled completely within
         their organization without need for outside partnering. Traditionally, a site of this size requires a significant investment on the part of the owner to maximize its
         economic contribution to the owner and the community. As such, we are assuming that the UHOP owners will opt for an approach which leverages their investment
         in purchasing the site while planning uses that support the church’s mission to serve the community’s needs.

         The principles guiding this phased approach are based on the idea that the project will be judged on its mission, not its revenue. As such, care has been taken to
         provide an economic means for developing the key UHOP uses - restaurant, church programming space, elder-care, apartment living and community space. The
         cost of building and maintaining these mission-based uses is supported by careful and controlled development of the remainder of the site without sacrificing control
         or ownership.

         Phase 1 involves the site preparation required to make the property ready for development.

         Phase 2 is the development of the UHOP restaurant, parking and community plaza space on the eastern side of the property. The restaurant would be moved from
         the basement of the existing church building and located to a more visible location to anchor the new project. The size of the facility would be increased to allow
         for better service and its exposure to the vehicle traffic along Market Street and Bennett would increase its customer draw. In addition, the pedestrian traffic from the
         adjacent universities, offices and residential population would be better attracted to the facility.

         Above the restaurant, additional church programming space is planned to accommodate needs that cannot be handled in the church’s existing building. Meeting
         room, choir and band space as well as other needs could be accomodated in this space.

         For the purposes of economic impact analysis, it is assumed that the church will employ persons on a volunteer basis to run its restaurant and will expand its staff as
         this new programming space comes on line. It is further assumed that the restaurant will generate sales tax.




900 East Market Street Master Design Plan                                                                                                                                            46
Phase 3 is the development of a day care and community outreach center (Building B). It is assumed that the management of the day care center would be best
         managed at arm’s length through an agreement with another organization that could assume liability and management of this operation. This entity would in
         essense lease space within the building from UHOP. The community center could be run in concert with local city, recreation department, university or YMCA
         organizations to share the cost of ongoing operation of the facilities.

         The nearly $12,000,000 required to develop Phases 1through 4 can be offset by the careful development of the remainder of the site. One way to measure this is
         to consider a scenario where UHOP in essence ‘borrows’ the funds from their operations and titling to fund the development. This model makes sense in that it
         focuses on prudent investment and correlated economic return.

         For example, assuming typical funding, a $12,000,000 commercial note on a 30-year amortization at 8% per annum would require principal and interest service of
         just over $1,000,000 per year. Development of the site could be effective if the project is managed to meet the financial needs of phases 1through 4 while
         provding responsible and mission based development of the remainder of the site relative to the community’s needs and the congregation’s commitment to the
         church.

         Within phases 1 through 4, the realization of annual income is possible through a management contract with a thrid-party day care provider (whether that party is
         affiliated with UHOP or not) of $120,000 or $15 per square foot. Additional, some of the community center space might be utilized by the community, institutions
         or other community users to contribute additional funds. We assume this to be $56,000 or 8,000 sq. ft. at $7 per sq foot.

         This phase also includes some independent living and/or subsidized housing which is based on funding recommendations listed in the next phase.

         Phase 4 of the Mission-based Development Plan is the development of independent living and subsidized housing. While this development is likely not to be a
         purely for-profit endeavor, it will likely yield some measure of return relative to the cost of development.

         The cost to develop the residential is $7,200,000. Again applying our model for economic support of this investment based on ‘standard’ terms – we find that
         $660,000 per year is required to service this investment. Since the Church has clearly stated their desire to provide such affordible housing it is assumed that any
         income from these units is calculated at a deeply discounted rate. Therefore we assume that the units generate $127,000 in subsidized income.




900 East Market Street Master Design Plan                                                                                                                                       47
Phases 5 through 7 involve the build out the remainder of the site. While UHOP has stated their desire to remain in control, we feel strongly that an approach
         which accomplishes the Church’s goals while helping offset the cost of development through the careful collaboration is appropriate.

         As such, we feel one opportunity to leverage the community’s needs including the educational institutions adjacent to the site is a land-lease partnership or tenency
         of Building D by either North Carolina A&T University or Bennett College (or a combination of the two).

         Additionally, the hotel site and the adjacent mix of uses (Buildings E, F , G and H) require the development of under-ground parking and will likely need to be
         developed in concert with one another. We suggest that UHOP consider a for-profit development partnership with East Market Street Development Corporation,
         area business leaders, residents, universities and perhaps even other faith-based organizations. The UHOP contribution to the partnership could be the land for
         development while other equity partners could contribute capital to secure their stakes in the organization. This new entity could in turn develop the site for the uses
         specified including the recruitment of tenants such as a hotel.

         Finally, the other residential in the site might be developed by UHOP at arm’s length through the use of deed-restrictions, development overlays or other control
         mechanism to insure the development supports their mission based vision for the site.




900 East Market Street Master Design Plan                                                                                                                                           48
Property Tax Impact:

         The property tax generated by the parcel today is based on the valuation from December        Property Tax Impact
         2003. As such, the Guilford County Appraiser’s Office places the value of the 900 E.
         Market Street property at nearly $5 million. While the assessor’s data is not linked to the   Valuation Today:                         $4,878,500
         appraiser’s data, the County Appraiser’s office has indicated that the current property tax   (based on Guilford County)
         is $62,274 per year.
                                                                                                       Property Tax Contribution:                 $62,274
         Mechanisms exist for property owners to submit for reappraisal and it would be
         advantageous to consider filing for such evaluation. If the value of the property were
                                                                                                       *Assuming a Successful Re-evaluation:
         based solely on the land value (assuming that the existing structures have no market
         value), then the annual tax bill could be cut significantly.                                  Estimated Revised Valuation:             $1,100,000

         Furthermore, one tool that could be available for infrastructure improvement is Tax           Estimated Tax Contribution:                $14,042
         Increment Financing. This program involves legislative action which earmarks increases
         in property tax to fund specific site improvements such as road, infrastructure or other      Completed Development:                  $63,048,000
         public areas. Although new to North Carolina, this program has proven to be an
         effective economic development tool to foster public private partnerships and public          Estimated Valuation:                    $63,048,000
         improvement costs.
                                                                                                       Estimated Tax Contribution:               $804,808
         By estimating the site’s built out value based on construction costs, we find a significant
         lift in property tax.                                                                         Tax Difference:                           $742,534

         We would recommend working with the City of Greensboro to research this or other
         programs.




900 East Market Street Master Design Plan                                                                                                                    49
Income and Sales Tax Impacts:

         In addition to property tax impacts, any       Potential Site Income Opportunities
         business or individuals working or living
         on the redeveloped site will contribution      A           UHOP Restaurant Site             Restaurant                 14,000              $20 sq. ft.    $280,000
         additional impacts to the public economy.                  UHOP Restaurant Upper Floor      Office                     14,000              $15 sq. ft.    $210,000

         Sales from retail operations are taxed at      B           Day Care Center                  Day Care                   11,000              $20 sq. ft.    $220,000
         6.75%. The plan includes nearly 60,000                     Community Center                 Office                     11,000              $15 sq. ft.    $165,000
         square feet of retail including the hotel,
         storefronts and restaurants. At a very         C           Independent Living Apts          Apts (900 sq. ft.)            22             $500 per mth     $132,000
         conservative $200 of sales per square                      Subsidized Living Units          Apts (900 sq. ft.)            22             $500 per mth     $132,000
         foot, the estimated sales tax from these
         businesses is $810,000.                        F           Hotel                            Building                   74,000              $25 sq. ft.   $1,850,000

         Persons employed or residing within the        E           Academic Building                Office                     34,000              $15 sq. ft.    $510,000
         project will also be subject to income tax.
         Presently, the state of North Carolina taxes   G, H        Mkt Rate Apartments              Apts (1,000 sq. ft.)          32             $800 per mth     $307,200
         its residents at 7% of income. We can
         estimate residential income tax by             D           Mixed Use Building               Office                     40,000              $15 sq. ft.    $600,000
         assuming conservatively that the                                                            Retail                     13,200              $15 sq. ft.    $198,000
         approximately 150 units of residential are
                                                        I           Stacked Townhomes                Apts (1,200 sq. ft.)          76            $1,250 per mth   $1,140,000
         occupied by an average 1.5 persons per
         unit; each earning the median income.                                                       Parking (monthly
         This calculates to over $5.5 million in                    Underground Parking              rent)                        485              $65 per mth     $378,300
         gross wages or nearly $400,000 in annual
         income tax revenue.
                                                        Annual Site Income Opportunity:                                                                           $6,362,500

         Jobs will also be created by this project.
         Assuming one job per 1,000 square feet         Maximum Supportable Debt                                                                                  $71,627,647
         of business use (non-residential) again        Based on simple present value of stream of total annual income. Rate 8%, 30-year amortization.
         earning the average income yields a total                                                                                                     Low            High
         of just over $4 million in wages or over       Funding Gap - Total Project Development Estimate Minus Supportable Debt                   ($2,159,371)    ($9,538,073)
         $300,000 in annual income tax.                 Low estimate does not include 10% contingency. High gap based on costs plus 10%.




900 East Market Street Master Design Plan                                                                                                                                        50
Recommendations
         As the East Market Street Development Corporation, EMSDC, considers the
         recommendations of this feasibility study for the former Post Office site at 900 East Market
         Street, considerations for the continued quest for redevelopment of the site should be
         finalized. Although property ownership remains with the United House of Prayer for All
         People, the East Market Street Development Corporation can play a critical role in the
         long-term redevelopment of the property.




                                            To that end, we have outlined
                                            recommendations for EMSDC to remain
                                            involved in the development process and to
                                            provide assistance to the United House of
                                            Prayer for All People to complete this vision
                                            with a mission based approach.




900 East Market Street Master Design Plan                                                               51
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007
900 East Market Street Master Plan Design Jan 2007

Más contenido relacionado

La actualidad más candente

Agile Development of the Sustainability Module
Agile Development of the Sustainability ModuleAgile Development of the Sustainability Module
Agile Development of the Sustainability Module
City University London
 
Team Workshop - CA management system
Team Workshop - CA management systemTeam Workshop - CA management system
Team Workshop - CA management system
Reza .M. Khaleghi
 
Personal Resume & Work Samples
Personal Resume & Work SamplesPersonal Resume & Work Samples
Personal Resume & Work Samples
kmyshock
 

La actualidad más candente (8)

Agile Development of the Sustainability Module for City University
Agile Development of the Sustainability Module  for City UniversityAgile Development of the Sustainability Module  for City University
Agile Development of the Sustainability Module for City University
 
Agile Development of the Sustainability Module
Agile Development of the Sustainability ModuleAgile Development of the Sustainability Module
Agile Development of the Sustainability Module
 
Dec. 4 Proposals for Barry's Bay
Dec. 4 Proposals for Barry's BayDec. 4 Proposals for Barry's Bay
Dec. 4 Proposals for Barry's Bay
 
Phase 1: NINEBARK Research and Strategy
Phase 1: NINEBARK Research and StrategyPhase 1: NINEBARK Research and Strategy
Phase 1: NINEBARK Research and Strategy
 
Team Workshop - CA management system
Team Workshop - CA management systemTeam Workshop - CA management system
Team Workshop - CA management system
 
Personal Resume & Work Samples
Personal Resume & Work SamplesPersonal Resume & Work Samples
Personal Resume & Work Samples
 
April 2010 iov
April 2010 iovApril 2010 iov
April 2010 iov
 
9/9 FRI 8:00 Latin-American Efforts Towards Global Sustainability
9/9 FRI 8:00 Latin-American Efforts Towards Global Sustainability9/9 FRI 8:00 Latin-American Efforts Towards Global Sustainability
9/9 FRI 8:00 Latin-American Efforts Towards Global Sustainability
 

Destacado

IFC: Logistics of fruit and vegetable market of Ukraine: development problems...
IFC: Logistics of fruit and vegetable market of Ukraine: development problems...IFC: Logistics of fruit and vegetable market of Ukraine: development problems...
IFC: Logistics of fruit and vegetable market of Ukraine: development problems...
Agrilogistics 2009 conference
 
Design Thesis Project
Design Thesis ProjectDesign Thesis Project
Design Thesis Project
langanjl
 
APMC (Agricultural produce market committee) Market Report
APMC (Agricultural produce market committee) Market ReportAPMC (Agricultural produce market committee) Market Report
APMC (Agricultural produce market committee) Market Report
Jobin Mathew
 
Dilli haat presentation
Dilli haat presentationDilli haat presentation
Dilli haat presentation
nishant011
 
Urban design sabarmati
Urban design sabarmatiUrban design sabarmati
Urban design sabarmati
Syam M
 

Destacado (20)

East Market Street Final Presentation November 29, 2012
East Market Street Final Presentation November 29, 2012East Market Street Final Presentation November 29, 2012
East Market Street Final Presentation November 29, 2012
 
Rialto retail center
Rialto retail centerRialto retail center
Rialto retail center
 
Floating market-pptx
Floating market-pptxFloating market-pptx
Floating market-pptx
 
Huntingburg Concept for Market Street Park and Heritage Trail/Fourth Street
Huntingburg Concept for Market Street Park and Heritage Trail/Fourth StreetHuntingburg Concept for Market Street Park and Heritage Trail/Fourth Street
Huntingburg Concept for Market Street Park and Heritage Trail/Fourth Street
 
IFC: Logistics of fruit and vegetable market of Ukraine: development problems...
IFC: Logistics of fruit and vegetable market of Ukraine: development problems...IFC: Logistics of fruit and vegetable market of Ukraine: development problems...
IFC: Logistics of fruit and vegetable market of Ukraine: development problems...
 
VBAT Meet Market presents: #AskSagmeister for What Design Can Do
VBAT Meet Market presents: #AskSagmeister for What Design Can DoVBAT Meet Market presents: #AskSagmeister for What Design Can Do
VBAT Meet Market presents: #AskSagmeister for What Design Can Do
 
Chandni chowk
Chandni chowkChandni chowk
Chandni chowk
 
APMC Vashi
APMC VashiAPMC Vashi
APMC Vashi
 
Tolar Street Furniture Presentation022011
Tolar Street Furniture Presentation022011Tolar Street Furniture Presentation022011
Tolar Street Furniture Presentation022011
 
Street smart dosa plaza
Street smart dosa plazaStreet smart dosa plaza
Street smart dosa plaza
 
Design Thesis Project
Design Thesis ProjectDesign Thesis Project
Design Thesis Project
 
Rhamkhamhaeng night market
Rhamkhamhaeng night marketRhamkhamhaeng night market
Rhamkhamhaeng night market
 
APMC (Agricultural produce market committee) Market Report
APMC (Agricultural produce market committee) Market ReportAPMC (Agricultural produce market committee) Market Report
APMC (Agricultural produce market committee) Market Report
 
Street furniture
Street furnitureStreet furniture
Street furniture
 
Chandni chowk ppt
Chandni chowk pptChandni chowk ppt
Chandni chowk ppt
 
Bhubaneswar Street Design Guidelines
Bhubaneswar Street Design GuidelinesBhubaneswar Street Design Guidelines
Bhubaneswar Street Design Guidelines
 
kolkata aquib
kolkata aquibkolkata aquib
kolkata aquib
 
Sustainable Architecture: Fruit and Vegetable Market at Mohali, Punjab.
Sustainable Architecture:  Fruit and Vegetable Market at Mohali, Punjab.Sustainable Architecture:  Fruit and Vegetable Market at Mohali, Punjab.
Sustainable Architecture: Fruit and Vegetable Market at Mohali, Punjab.
 
Dilli haat presentation
Dilli haat presentationDilli haat presentation
Dilli haat presentation
 
Urban design sabarmati
Urban design sabarmatiUrban design sabarmati
Urban design sabarmati
 

Similar a 900 East Market Street Master Plan Design Jan 2007

Downtown Master Plan Draft Summary
Downtown Master Plan Draft SummaryDowntown Master Plan Draft Summary
Downtown Master Plan Draft Summary
StateCollegePA
 
Neighborhood Plan
Neighborhood PlanNeighborhood Plan
Neighborhood Plan
tsalmieri
 
Scpp update web site june 2012
Scpp update web site june 2012Scpp update web site june 2012
Scpp update web site june 2012
triadsustain
 
Civil Resources Presentation
Civil Resources PresentationCivil Resources Presentation
Civil Resources Presentation
Jason Lally
 
Leeds 190313
Leeds 190313Leeds 190313
Leeds 190313
OPUNArch
 
Parkville Downtown Masterplan
Parkville Downtown MasterplanParkville Downtown Masterplan
Parkville Downtown Masterplan
BNIM
 
Developing Authentic Place - Max Reim
Developing Authentic Place - Max ReimDeveloping Authentic Place - Max Reim
Developing Authentic Place - Max Reim
russellpreston
 

Similar a 900 East Market Street Master Plan Design Jan 2007 (20)

Morse Road Design Study
Morse Road Design StudyMorse Road Design Study
Morse Road Design Study
 
A Tale of Two Codes
A Tale of Two CodesA Tale of Two Codes
A Tale of Two Codes
 
Downtown Master Plan Draft Summary
Downtown Master Plan Draft SummaryDowntown Master Plan Draft Summary
Downtown Master Plan Draft Summary
 
IGTucson-The-Big-Reveal-Presentation
IGTucson-The-Big-Reveal-PresentationIGTucson-The-Big-Reveal-Presentation
IGTucson-The-Big-Reveal-Presentation
 
08 16 2009 Project List
08 16 2009 Project List08 16 2009 Project List
08 16 2009 Project List
 
Neighborhood Plan
Neighborhood PlanNeighborhood Plan
Neighborhood Plan
 
Smart Growth: On Common Ground: Summer08
Smart Growth: On Common Ground: Summer08Smart Growth: On Common Ground: Summer08
Smart Growth: On Common Ground: Summer08
 
Innovative Zoning Strategies Workshop - Traditional neighborhood development
Innovative Zoning Strategies Workshop - Traditional neighborhood developmentInnovative Zoning Strategies Workshop - Traditional neighborhood development
Innovative Zoning Strategies Workshop - Traditional neighborhood development
 
Conservation Development in Jerome Village: A Case Study of Responsible Devel...
Conservation Development in Jerome Village: A Case Study of Responsible Devel...Conservation Development in Jerome Village: A Case Study of Responsible Devel...
Conservation Development in Jerome Village: A Case Study of Responsible Devel...
 
On Common Ground: Summer 2008
On Common Ground: Summer 2008On Common Ground: Summer 2008
On Common Ground: Summer 2008
 
Whitehawk Neighborhood Meeting Slideshow
Whitehawk Neighborhood Meeting SlideshowWhitehawk Neighborhood Meeting Slideshow
Whitehawk Neighborhood Meeting Slideshow
 
Social sustainability: concept to practice in the UK
Social sustainability: concept to practice in the UKSocial sustainability: concept to practice in the UK
Social sustainability: concept to practice in the UK
 
Walk/Live Opening Lecture
Walk/Live Opening LectureWalk/Live Opening Lecture
Walk/Live Opening Lecture
 
Scpp update web site june 2012
Scpp update web site june 2012Scpp update web site june 2012
Scpp update web site june 2012
 
Growth And Land Use Planning
Growth And Land Use PlanningGrowth And Land Use Planning
Growth And Land Use Planning
 
Civil Resources Presentation
Civil Resources PresentationCivil Resources Presentation
Civil Resources Presentation
 
Leeds 190313
Leeds 190313Leeds 190313
Leeds 190313
 
Parkville Downtown Masterplan
Parkville Downtown MasterplanParkville Downtown Masterplan
Parkville Downtown Masterplan
 
Home Sweet Home
Home Sweet HomeHome Sweet Home
Home Sweet Home
 
Developing Authentic Place - Max Reim
Developing Authentic Place - Max ReimDeveloping Authentic Place - Max Reim
Developing Authentic Place - Max Reim
 

Más de Ems DC (8)

Spring REAL Flyer
Spring REAL FlyerSpring REAL Flyer
Spring REAL Flyer
 
REAL Application Spring 2014
REAL Application Spring 2014REAL Application Spring 2014
REAL Application Spring 2014
 
Real class application_-_spring_2013
Real class application_-_spring_2013Real class application_-_spring_2013
Real class application_-_spring_2013
 
Spring 2014 real_entrepreneurship_flyer
Spring 2014 real_entrepreneurship_flyerSpring 2014 real_entrepreneurship_flyer
Spring 2014 real_entrepreneurship_flyer
 
Greensboro Investment Activity
Greensboro Investment ActivityGreensboro Investment Activity
Greensboro Investment Activity
 
Jonesboro Scott Park Neighborhood Plan
Jonesboro Scott Park Neighborhood PlanJonesboro Scott Park Neighborhood Plan
Jonesboro Scott Park Neighborhood Plan
 
Real Entrepreneurship Flyer - Fall 2012
Real Entrepreneurship Flyer - Fall 2012Real Entrepreneurship Flyer - Fall 2012
Real Entrepreneurship Flyer - Fall 2012
 
Strategic Plan for East Greensboro
Strategic Plan for East Greensboro Strategic Plan for East Greensboro
Strategic Plan for East Greensboro
 

Último

EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptxEIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
Earley Information Science
 

Último (20)

08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf
 
presentation ICT roal in 21st century education
presentation ICT roal in 21st century educationpresentation ICT roal in 21st century education
presentation ICT roal in 21st century education
 
Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024
 
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024
 
08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men
 
What Are The Drone Anti-jamming Systems Technology?
What Are The Drone Anti-jamming Systems Technology?What Are The Drone Anti-jamming Systems Technology?
What Are The Drone Anti-jamming Systems Technology?
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected Worker
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processors
 
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptxEIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
 
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
 
Presentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreterPresentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreter
 
A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)
 
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
 
How to convert PDF to text with Nanonets
How to convert PDF to text with NanonetsHow to convert PDF to text with Nanonets
How to convert PDF to text with Nanonets
 
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed texts
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...
 

900 East Market Street Master Plan Design Jan 2007

  • 1.
  • 2.
  • 3. Acknowledgements East Market Street Development Corporation United House of Prayer for All People Mac Sims, Executive Director Bishop S. C. Madison Jim Donnelly Apostle Green Robert Davis Apostle A.D. Cunningham Carolyn Allen Elder Jackson Claudette Burroughs-White Brother Larry Patterson George Durham Elder Bowden Derek L. Ellington Fannie Gilchrist North Carolina Agricultural & Technical State University Dr. Ambrous Jacobs Hap Giberson, Facilities Construction Engineer II John Harris III Perry Howard FASLA, Program Coordinator Sherwood McNiel Doug Speight, Director of Outreach/Technology Transfer Ellen Moore Miller Radha Radhakrishnan, Vice Chancellor for Research & Economic Herman C. Platt Development James Mayes Landscape Architecture Student Participants Dave Maner Goldie Wells Bennett College LaDaniel Gatling, Associate Vice President City of Greensboro Sherill Barber, Student Sue Schwartz AICP, Chief of Neighborhood Planning Angie Abraham, Basketball Coach Dyan Arkin, Community Planner/Development Coordinator Yvonne Johnson, City Council Community Clergy Reverend Ron Chrisp, Greensboro Urban Ministry Reverend Dr. Norman Handy, Bethel AME Church 900 East Market Street Master Design Plan
  • 4. Neighborhood Associations Kinzelman Kline Gossman Team Nancy Stewart, the Heath Park Community Homeowners Craig Gossman, Principal, KKG Association Brian Kinzelman, Principal, KKG James Jarrell, Jonesboro Scott Park Area Megan Minock, Planner/Architect, KKG Marguerite Scurlock, Foxtrail Neighborhood Aaron Whittaker, The Whittaker Group Pat Alexander, Neighborhood Association Erik Brown, Brownstone Design Merchants Special thanks to all citizens, area property owners and Gail Foy charrette participants. Debra Rondo Business Development Council Gary McCrants Dextor Morgan Bob Chiles Necota Smith Other Community Stakeholders Nate Hargett, Hargett Funeral Services Adrian Moore, Executive Director of Hayes-Taylor YMCA Gladys Robinson, Director of Sickle Cell Association of the Piedmont Ira Sheldon, Project/Operation Manager Samet Corporation 900 East Market Street Master Design Plan
  • 5. Table of Contents Our Community Guiding Design Principles Background Preferred Design Direction Phasing Situation Estimated Total Projected Construction Costs Setting Mission Based Development Plan and Economic Impact Analysis Neighborhood Investments Recommendations Community Testimonials Best Practices Opportunities Research Appendix Housing – Opportunities & Challenges Site Design Options Current Demographics Research Process Shopping – Challenges and Demographics Opportunities Drive Time Market Area Shopping – Opportunities Population & Households Creating Place Race & Ethnicity Household Income Housing Supply & Demand Consumer Segmentation Additional Interview Notes 900 East Market Street Master Design Plan 1
  • 6.
  • 7. Our Community East Greensboro is a culturally rich and diverse area. East Market Street is home to nationally recognized institutions of higher learning, churches with diverse faith, entrepreneurs and traditional neighborhoods. Perhaps more importantly, East Market Street is people. East Market Street Individuals, families and neighbors – all with their own unique history and dreams. is Their perspectives offer tangible insight into the vision for the future of the East Market Street Corridor. PEOPLE. The goal of the Master Plan: To create a mixed use development concept along the East Market Street Corridor designed to serve the needs and desires of the contiguous neighborhoods, university and college interests, City of Greensboro and the United House of Prayer for All People vision. 900 East Market Street Master Design Plan 3
  • 8. Background The history of the Greensboro East Market Street neighborhood is both socially rich and civically significant. Prior to desegregation, the East Market Street Corridor was the heart of the African-American community in Greensboro. Businesses lined its busy streets and the “uptown” life offered residents a place to eat, greet, shop and recreate. The East Market Street Corridor has played a critical role in our Nation’s history of social change. Four courageous North Carolina A&T State University students helped wake the Country from the stupor of segregation when they staged a sit-in at the downtown Woolworth’s “white-only” lunch counter. Their actions and the subsequent community support helped cast Greensboro as a leading city in the African-American fight for equality in the 50’s and 60’s. Even today it remains an important center for social and political change. The Palace – “Uptown” East Market Street Social Change and Community Heart 900 East Market Street Master Design Plan 4
  • 9. Situation Urban Renewal of the 1960’s forced a significant upheaval onto the business community along East Market Street. The 900 East Market Street site is located in a critical location within the community. It provides a physical linkage between North Carolina A&T State University, Bennett College, the East Market Street neighborhoods and Downtown Greensboro. The 13 acre site is located directly between Bennett College and the A&T Campus. Downtown is near to the west and residential neighborhoods border the site to the north and southeast. The former United States Post Office site (“900” in this exhibit) is listed with a targeted use of Mixed Use Commercial/Research & Development based in the community’s 1997 planning study. The building has been studied by private development interests for potential renovation and adaptive new use. Findings indicated the building was not suitable for renovation. Site Map from the 1997 East Market Street Master Plan by Development Concepts Incorporated. This area still The 1997 corridor plan, almost ten years old at this publication, remains an important center of educational and spiritual life in East Greensboro. already reported the community’s need for commercial, entertainment, retail and a hotel/business Center. The property was purchased recently by the United House of Prayer for All People (UHOP). UHOP remains open to consider appropriate long-term reuse of the property. 900 East Market Street Master Design Plan 5
  • 10. Setting The East Market Street Corridor connects the Downtown Greensboro Area to the eastern parts of the community. Railroad tracks separate the project site from the Downtown and Bennett College. The post office site itself is somewhat of an “island” among non-residential uses. It is adjacent to institutional, educational and commercial uses. It is separate from the surrounding neighborhoods but central to the corridor in both location and size. The site is arguably the most critical piece of property along the corridor in that it has significant size (13 acres), strategic location to serve a variety of development interests and provides an opportunity to reconnect East Market Street and downtown both physically and emotionally. Aerial view of East Market Street at Bennett and Dudley 900 East Market Street Master Design Plan 6
  • 11. East Market Street Streetscape United House of Prayer for All People Redeveloped Business Center New Housing – HOPE VI – Willow Oaks New Church at Market and Bennett Neighborhood Investments Over the recent past, a number of initiatives by the public and private sector have demonstrated the community’s resolve to remake the East Market Street Corridor. The formation of the East Market Street Development Corporation (EMSDC) in 1997 was an important step in reclaiming the corridor’s former glory. Its board is comprised of members of the local community – residents, business, institutional and government leaders. The staff of the organization is dedicated, passionate and experienced. The EMSDC led a community planning study process in 1997-98. The results of that study led to the investment of more than $10 million for street improvements and thoroughfare enhancements along East Market Street. Their continued efforts have resulted in the current collaboration with the new owners of the former post office site. Additionally, there are significant on-going investments occurring elsewhere the community. Privately, the United House of Prayer built a new church at the corner of Market and Bennett. Their purchase of the former post office site across the street is further expression of their commitment to community involvement and reinvestment. 900 East Market Street Master Design Plan 7
  • 12. 900 East Market Street Master Design Plan 8
  • 13. Community Testimonials The community testimonials represent opinions and perspectives of fictitious but representative community residents. The profiles presented are based on research conducted for this development study. Extensive quantitative and qualitative research was compiled to uncover the community’s needs. The findings from the research are communicated through these example characters. Please refer to the process for further insight. 900 East Market Street Master Design Plan 9
  • 14. We live in a nice neighborhood – good, hard-working folk for the most part. I work downtown and my son attends the Washington Street School. It’s tough to find good day care for Ty and I hate to have to drive so far for groceries, the doctor and other errands. I’d like to take some classes to improve my chances for promotion at work. I’ve heard that the YMCA might move somewhere else. We’d really miss that place. We wish there was more to do around here. Gladys and Ty Howard Single Mother/Elementary Student 900 East Market Street Master Design Plan 10
  • 15. Research Findings The Howard’s situation is common in the East Market Street area. One third of the households have children. There are many single parent households. The former Post Office site at 900 East Market Street could provide for many of the services and amenities that the community needs. Medical clinics are not conveniently located, shopping is limited and Community Needs: there is a general lack of community identity since Urban Renewal • Medical Offices/Clinic forced the relocation of many black-operated businesses away from East Market Street. • Community Center • Gathering Places The need for more civic meeting and interaction space was • Shopping Alternatives mentioned frequently by the community groups interviewed throughout the research process. • Quality Day Care • Adult Education Quality child care delivered in a convenient location at a fair price is a significant need for families with school aged children. While there is shopping in the area, it requires traveling by car. Having more shopping choices with increases convenience would improve the resident’s living situation. Public transportation and pedestrian accessible shopping is critical for those residents without automobiles. 900 East Market Street Master Design Plan 11
  • 16. I worked for the Maynard Company for 7 years. The past couple of years, business just slowed down and they had to let a bunch of us go last summer. I’m staying busy but it’s tough to make ends meet. My new job at Pick and Shop doesn’t pay as much and I’m a little behind. I’m trying to pull myself up from this – not looking for hand-outs, just a lift up. I need a cheaper apartment – just till I get back on my feet. I hear that Global Delivery is hiring but they’re looking for computer skills I just don’t have yet. If I could get out of the hole, I would like to go back to school and maybe rent a Willard “Willy” Johnson barber chair in someone’s shop. My daddy had a shop on East Market back in the Recently Laid Off Worker, Single, No Children day. I remember him being so proud of that shop. things Willard “Willy” Johnson No one’s fault – Recently Laid Off Worker, Single, No Children happen I guess. 900 East Market Street Master Design Plan 12
  • 17. Research Findings Mr. Johnson is going through a period of personal upheaval. Many families and individuals experience such a challenge sometime during their lifetime. Affordable housing is a real need in the community. Particularly necessary is housing which carries people through a transition such as the death of a spouse, a medical situation, change in employment or marital status or another type of financial crisis. Community Needs: Transitional housing and step up housing is also in demand. There • Affordable Housing is little today in the way of housing alternatives on East Market Street • Job Training and the post office site could provide a way to introduce a number of different housing alternatives for the community. • Business Incubation The former Post Office site at 900 East Market Street could also provide for many of the services and amenities that the community needs. Retail and business incubation and job training should be included on the site. The local universities should be included in this strategy to leverage their unique ability to provide for the community’s education. The strength of the community comes in its diversity – people living and helping one another. 900 East Market Street Master Design Plan 13
  • 18. Our children are on their own now – it’s just Fred and me and we love it! We love the neighborhood but we honestly don’t need all the yard work anymore. We’d like to stay close to where it’s all happening maybe in a smaller place. Our new grandbaby will visit sometimes but we just don’t need all this space anymore. We’re starting to think about retirement but right now we’re staying active and enjoying the time we have together. It would be great if there were more choices on East Market Street for shopping and entertainment. Frederick and Mitsy Cooper Married Couple, Grown Children We enjoy going out for dinner and walks. 900 East Market Street Master Design Plan 14
  • 19. Research Findings The aging baby boomers across the United States are creating a unique dynamic in market planning. Greensboro in no excpetion to this trend. The needs of the maturing residents in East Greensboro must be accounted for in planning. Housing alternatives including options for more convenient living are attractive options for those done with their child raising chores. As these residents continue to age, offering options for independent, congregate and assisted living is necessary to allow for these residents to stay in the neighborhood Community Needs: rather than move away. • Housing Alternatives While raising children is typically not a primary task for these • Elder Care individuals and families, children are important to their existance. • Arts and Culture Providing the same types of amentities, services and activities that younger families enjoy is important. Arts, culture, restaurants and other entertainment alternatives contribute to creating a rich envinronment for the pre-retired and retired residents. 900 East Market Street Master Design Plan 15
  • 20. I love school! The education and culture we get exposed to is very exciting and challenging. Its was hard to be away from home at first but I soon found a group to hang with and got real busy studying. I live on campus but leave for shopping and fun. Right now we have to get a cab to the Mall or walk up to Summit. Cabs are expensive and frankly I hate walking that far! I’ve got friends at A&T and it would be great if our campus were more connected. My degree will be in Education and I’ve been accepted into A&T’s grad program in Education. I’ll have to work part-time to help cover tuition. I’ve started a grad level class over there. I’ll be getting an apartment next year. I’d like to try to live off campus but still need to be close for class and work. Charlene MacDonald Graduating Bennett Next Spring Its inconvenient to walk – seems like there could be a nicer (and safer) path. 900 East Market Street Master Design Plan 16
  • 21. Research Findings The younger resident within the Greensboro community could be served with affordable, convenient and unique housing alternatives. These younger student residents are perhaps finishing their education and beginning their career or going further with education and internship-type activities. Many do not yet have families so their desire is for a living situation which stresses lifestyle, career, education and fun. Without offering appropriate housing alternatives for this segment, the community Community Needs: forces them to look elsewhere. • Housing Alternatives The post office site can offer a variety of housing alternatives which • Connect the Campuses are presently not available in the market. These housing types might include small flats in multi-story buildings or larger townhomes. The • Arts and Culture housing could be within close proximity to restaurants/shopping and other entertainment uses. Furthermore, such housing would be close to both University campuses as well as the downtown. Arts, culture and open-air green space and other amenities would blend to create a unique sense of place and anchore the larger community. 900 East Market Street Master Design Plan 17
  • 22. I am looking for a place to live on East Market Street during my two-year professorship. Diversity – both ethnically and economically – is attractive to me. I want to be able to walk to campus and downtown – I won’t need a car in the States. Shopping, arts and good restaurants are important. A book seller would be nice too. Dr. Johann Bernstrom Visiting Professor, Economics; Resident of Berlin expected in Frankly, it is communities abroad. 900 East Market Street Master Design Plan 18
  • 23. Research Findings The history of ethnic community and the educational dynamic on East Market Street makes it very unique marketplace. It introduces a number of potential market supports for the post office site that should be leveraged. The universities have short-term and long-term housing needs for staff and faculty as well as students. The housing should be Community Needs: affordable and must include local amenities such as services, • Housing Alternatives transportation and restaurant uses. • Connect the Campuses The physical connection that is lacking between the two institutions • Connect to Downtown can be bridged with effective design of the post office site. Furthermore, the connection of East Market Street to the downtown • Arts and Culture can be strengthened. • Restaurants Arts, culture and certainly food services are important uses to • Business Collaboration consider for the site. The area’s rich history as a community center for such activities should be reitegrated into uses on the post office site. The universities can offer important tenant opportunities or development partnerships. Their need for programming and office space should be explored and considered in the overall development scheme. 900 East Market Street Master Design Plan 19
  • 24. 900 East Market Street Master Design Plan 20
  • 25. Opportunities The 900 East Market Street site offers an opportunity for a development entity to create a powerful mixed-use infill development designed for the diverse interests of East Greensboro. Weaving all of the critical design components together expressed during stakeholder interviews, the property could be organized to • Cultural and/or spiritual component echo the community’s request for the following critical success [civil rights interactive center, elements: spiritual gardens, special chapel, etc.] • Culture • Housing • Community Center [senior, family, • Education students, youth] • Retail/Food service (Market) • Student/Faculty/Neighborhood • Hospitality (Hotel) Housing • Spiritual • Farmers Market with several • Public Space permanent year round tenants [market/produce, restaurants] • Ethnic Food Hall/Court [maybe underwritten by the city to allow start-up smaller neighborhood operators to be included] • Outdoor gathering space [small concerts, speakers, convocations, family as well as student friendly] • Linked to future entertainment and retail area across Pastor Anderson • Possible Business/Research Center associated with the university and college • Future connection to the rail line 900 East Market Street Master Design Plan 21
  • 26. Housing – Opportunities & Challenges Housing Market Trends The following section details various broad urban housing market trends and discussion of their impact to the East Market Street housing market. Household Type 100% Cohabitation Fragmentation/Diversity 90% After WWII, the housing market responded briskly to a number of trends both economic and 80% demographic. The development community delivered a steady supply of single family homes in an ever increasing swath of suburban development. The nature of the demographic 70% Single profile of home buyers during this period provided very stable and predictable source of buyers with very homogeneous needs. 60% Today’s housing market is very different – more diverse. Married couples without children 50% Single Parent Family - No and people living alone now account for the largest housing market segments nationally. In Related Children 40% the East Market Street area, single occupant households account for the largest segment of the housing population. The housing market must respond to the demands of this increasing 30% Single Parent with Children diversity. Married Couple w/out Children 20% Married-couple Family - No There is opportunity to develop housing to address all types of needs for all types of Related Children residents. The traditional detached single family structures that dominate the neighborhoods 10% Married Couple adjacent to Market Street should be complimented by other forms of housing for young with Children 0% people, families, empty nesters, pre-retired and retired persons. The pricing of these units EMSC North Carolina should be positioned to be affordable for East Market Street residents. Furthermore, those Source: US Census residents desiring new housing types and amenities should not be forced from the neighborhood. Rather, these persons should be given opportunity to find such housing in the East Market Street area at prices that are attractive relative to competing areas. 900 East Market Street Master Design Plan 22
  • 27. Diverse users demand diverse housing options. These images represent examples of appropriate new housing for the site. 900 East Market Street Master Design Plan 23
  • 28. Current Demographic The one constant is change – particularly in demographics. The following section details some important trends in the nation’s demographic profile. Baby Boomers and Seniors Population Age Projection A widely discussed trend in demographics is the aging of our ‘baby 100% boom’ population. Since WWII, this important demographic segment has shifted our nation’s economy and social fabric. Their 90% Age 65+ transition into retirement from the middle age activities of family life 80% will be an important shift for our business, social, public management and health care systems. 70% Age 45-64 By 2010, just over 10 percent of the nation’s population will be 60% older than 65. By 2030, nearly 20 percent of the population will be 65 and over. 50% Age 20-44 The empting of nests and subsequent retirement of these consumers 40% is redefining life for older consumers. Contrary to the traditional stereotype for retirement, a recent Yankelovich survey coined the 30% term “retreaderment”. Age 5-19 20% 10% 0% Age 0-4 2000 2010 2020 2030 2040 2050 Source: US Census Bureau, 2004, "US Interim Projections by Age, Sex, Race and Hispanic" 900 East Market Street Master Design Plan 24
  • 29. Housing and living amenities are crucial for adults moving beyond child rearing into the next stage of life. Such consumers may no longer make housing decisions based on schools now that their children are grown. They look for housing that provides amenities, easy maintenance, access to arts, cultural and sporting activities and housing close to work. They do not see themselves as old and take part in leisure activities with that theme in mind and work longer – either at their primary occupation or an avocation in a second “meaningful” career. The market for second homes is growing as baby boomers with means look to other areas for pre-retirement vacationing and retirement living. One size does not fit all for these consumers – choice in location and amenity are the keys to sustainability. Consumers in lower income neighborhoods with more limited financial resources may not be good candidates for second retirement homes but may still desire for the reduced maintenance and easier layout of a modern housing alternative. Research has shown that baby boomers are less likely to move away from their children in retirement, so they may seek in-town alternatives to their detached single family house. Senior care for urban communities can follow the model established in suburban retirement centers. The model for care continuum starts with independent living offering access to social, medical and maintenance services in apartment or retirement condo living arrangements. When assisted living is required, communal living arrangements with managed medical and living aid can be offered. Finally, nursing facilities are within the same neighborhood so that family, friends and neighbors remain close. 900 East Market Street Master Design Plan 25
  • 30. It is impracticable in an urban environment to offer the care continuum in a single campus like facility that larger suburban care centers can provide. Communities should, however, take note of the various types of housing and senior care requirements and focus developments along providing the complete continuum within their neighborhood. The process of moving along the senior care continuum is made particularly difficult if we ask our aged citizens to move out of their neighborhood away from friends and family once their needs for care change. Characteristics and Amenities for Baby Boomers and Seniors: • Choice of different housing types – flats, condos, mid- and high-rise, smaller detached patio homes (condo maintenance) and communal living • Less maintenance • Home offices, sun rooms, fancy kitchens, fitness areas, mother-in-law suites • Safe and secure environment • Close to family, arts, culture and entertainment activities • Close to work • Transitional care continuum from independent, assisted and nursing care in the neighborhood 900 East Market Street Master Design Plan 26
  • 31. Young Upstarts Generation X, Generation Y – the young upstarts of our communities offer vibrant additions to the urban mix. These consumers are Characteristics and finishing high school and entering a trade, attending college and working or beginning their career after college graduation. While Amenities for Young Upstarts: their means may be limited, their dreams and aspirations are not. • Adjacency to entertainment, They desire a vibrant community and look for fun, fitness, arts and restaurants, bars, night life eatery. A 2002 Wall Street Journal survey of college grads reports • Outdoor recreation and sports – parks, that 75% identified location as more important than availability of trails and greenspace jobs in their selection of a place to live. • Smaller – less expensive – housing alternatives This market segments is very diverse in its needs. The presence of • Some family needs (see next section) children, either in married couple families or single parent households, drives consumer choice along directions which differ • Safety security from households and individuals without children. • A hip, vibrant culture Single occupant households desire safety, vibrant community, meaningful social interactions, access to life’s goods and services as well as life’s icing – arts, entertainment and cultural endeavors. Economically, there is diversity as well. Young upstarts with money will use that means to live in areas offering unique amenities and adjacencies. These consumers will pay for a chance to be in the ‘scene’ of a hip up and coming neighborhood. Young upstarts with more limited means have many of the same desires but their expression and means of fulfilling those needs is driven by their financial options. 900 East Market Street Master Design Plan 27
  • 32. Households with Children As has been previously discussed, the presence of children now crosses many traditional housing group boundaries. Regardless of the type of household, the presence of children clearly impacts the requirement that consumers have for homes and neighborhoods. Safety, education and recreation are three overarching areas of need. Daycare is a concern – particularly in more economically stressed neighborhoods. Breaking the cycle of poverty in families with a single parent can be difficult. Access to quality, affordable and dependable child care is essential to allow these struggling families to improve their prospects. Safe recreation is important. Children of all economic and ethnic backgrounds long for fun and friends. Providing for safe places for their recreation is necessary to insure our next generation’s healthy and happy growth. Characteristics and Amenities for Households with Children: Education and easy access to schools is another area of critical importance to parents of children. Neighborhood schools with passionate and caring educators are an important anchor of • Safety and security community activity and a strong magnet for new residents. • Education • Daycare • Recreation • Cultural and artistic activities • Convenient shopping 900 East Market Street Master Design Plan 28
  • 33. Housing for the Less Fortunate Fortunately, the idea of “warehousing the poor” in lifeless high rise housing projects has finally fallen by the wayside of public policy. Today’s strategy for public housing stresses integration and builds neighborhood character and hope in the community. The best designed and implemented examples of recent projects have neighbors in market-rate, near-market-rate and subsidized housing living together in one community. Willow Oaks-HOPE VI Project, located in South-East Greensboro, is a great example of a transformation of obsolete public housing and the surrounding area into a vibrant, mixed-income community. Half of the 608 housing units at Willow Oaks are rental or for sale at market value. While the other half will be subsidized by the Greensboro Housing Authority giving opportunities for low-income residents to purchase a home at a reduced rate. See image on the lower right. Cabrini Green, Chicago’s Near North Side Providing innovative subsidization is critical to the project’s long term viability and impact to The Failed Model for Public Housing resident’s lives. Live/work programs, child care, health care, down payment assistance and match and other programs help offer less fortunate residents a way up and out of poverty. The new model of economic integration not segregation puts the community back together. The “haves” and “have less” learn from one another and do what communities do best which is move forward together with a sense of belonging and hope for the future. South-East Greensboro Willow Oaks-HOPE VI Project Market Rate and Subsidized Units 900 East Market Street Master Design Plan 29
  • 34. Immigration/Ethnic Diversity As is our history, the American demographic landscape continues to Ethnic Diversity 1990-2000 - East Market Street (5-Min Drive) change and evolve. The ethnic diversity, or melting pot, of our population 1990 % Pop 2000 % Pop Change is increasing with a new influx of Hispanic ethnicity peoples from abroad. Additionally, more localized but strong trends of immigration from other Total Population 62,094 64,007 3.1% cultures such as Asia and Africa is impacting the consumer makeup of our Population by Race/Ethnicity neighborhoods. White Alone 24,254 39% 21,460 34% -11.5% Black or African American Alone 35,978 58% 38,875 61% 8.1% The statistics show that overall population has grown slightly from the 1990 Races Other than Black/White Census. The number of persons reporting White race has declined by 11% Asian Alone 700 1% 1,057 2% 51.0% while persons reporting Black or African American has increased by 8 Pacific Islander Alone 10 0% 28 0% 0.0% percent. Some Other Race Alone 156 0% 1,293 2% 728.8% Two or More Races 680 1% 979 2% 44.0% Total Other 1,546 2% 3,357 5% 117.1% The number of persons reporting Hispanic ethnicity in East Market Street area has grown by over 400% to make up four percent of the population. Hispanic Population Total* 466 1% 2,531 4% 443.1% Source: U.S. Census 2000, ESRI. *Hispanic is counted as an ethnicity by the US Census not a race. 900 East Market Street Master Design Plan 30
  • 35. Shopping – Challenges and Opportunities East Market Street was once the center for commercial activity in East Greensboro. While there is still significant merchant presence, the opportunity to provide some additional neighborhood and student focused retail exists. The Food Lion grocery provides an important source of daily sustenance needs. The newer shopping centers just south of the A&T Campus have many spaces occupied but with non-retail uses and do not appear to provide the student population with retail option focused on their needs. There appears to be a high rate of turnover which may also indicate a less than ideal retail environment. Existing Food Lion The challenges facing retail along East Market Street include the lack of significant income in the adjacent neighborhood. Retailer site selection models generally focus on the number of households within a 1 or 3-mile radius and their average disposable income. Existing Area Shopping Center 900 East Market Street Master Design Plan 31
  • 36. Additionally, competition from other retail shopping districts is stiff and increasing with the opening of Wal-Mart to the north. The physical configuration of East Market Street is also a challenge. Retail works best if it is flanked and fronted by other retail. Consumers tend to notice stores better when they are grouped together – mall development has proved this point rather convincingly. A “single loaded corridor” or one that has retail only on a single side – presents challenges to retail tenanting. There is very strong vehicular traffic along East Market Street – perhaps moving too fast to encourage convenient “stop-walk-and-shop”. New competition for East Market Street retail There is an additional opportunity along the corridor and in particular with the former Post Office site to design new projects with more urban characteristics in mind. In-fill projects along East Market Street to date have been designed with suburban retail center character with more concern for the automobile than pedestrians. Consequently, the corridor remains significantly auto oriented with less then desirable traffic speed for an urban commercial mixed use area. While the pedestrian access has been improved, the merchants Non-retail uses along corridor considered for the post office site must be organized in such as way to both provide exposure to the passing traffic but also be very accessible to the walking customers from the neighborhood, the parking areas and students from Bennett and A&T. Lessons can be learned from pedestrian focused shopping mall design models 900 East Market Street Master Design Plan 32
  • 37. Shopping Opportunities It is the opinion of the consulting team, the real estate development community and the stakeholders that the post office site is best configured as a mixed-use project. Retail, while important in the overall mix, is not considered to be the driving use of the site. An understanding of the fundamental interrelationship between university stability and the vitality of abutting businesses can promote an innovative public-private partnership. Retail that should be considered must be unique and positioned to meet unmet demand. Some ideas include: • Green grocer market • Book Store o Christian/University o Perhaps co-branded with a national bookseller o North Carolina A & T University and/or Bennett College • Restaurant – o United House of Prayer Café o Ethnic Food Alternatives o Deli Market • Retail Incubation Space 900 East Market Street Master Design Plan 33
  • 38. Creating “Place” What is “place”? Technically – it is a location. Emotionally, it is something far more compelling. Place has memory – interactions – people – sounds – smells. Place is a sense of community. It begins with a public space as the framework around which housing, retail and commercial buildings are well integrated. It is inevitable that place should feel authentic and original. Creating a unique identity can set the stage for visitors to perceive the authenticity. An identity should be carried throughout a variety of destinations capitalizing on a wide-range of uses and activities. The identity should be folded into activities for all seasons and should serve a variety of people from all backgrounds. Place making and identity can be further defined by creating consistent, powerful visual themes in signage and wayfinding applications; the illustrations demonstrate conceptual examples for the East Market Street Development. 900 East Market Street Master Design Plan 34
  • 39. Guiding Design Principles Community input has driven this design exercise. The suggested uses and product mix in the following design scenario is based on the needs of the community, the market that would be expected to support this project and a rational economic analysis to gauge the feasibility and sustainability of the design. The scale of the development is driven by the size of the subject property and its place relative to other uses and densities. While the site cannot be considered a downtown site within the core central business district – it is near the downtown. These types of sites are transitional in nature and are most appropriately designed for densities greater than tract housing but less than the downtown’s high-rise structures. Four to six stories is very appropriate. The site is large and can support a number of different uses and structures. The topography of the site lends itself to multi-level mixed use design scenarios to take advantage of various entry and exit locations. Sites of such size also require a significant economic investment to generate a prudent return on investment (ROI). The economic model for a not-for-profit investment such as that of the United House of Prayer may be slightly different than that of a commercial lender or for-profit developer. Notwithstanding, however, is the need to provide for a sustainable development for their mission and its inherent investment by the congregation. Design Themes: • Mixed Use – Urban Density • Housing – Various Housing Types • Some Retail – Neighborhood Serving • Office – University Uses/Market • Connect the Site to Its Surroundings • Engage the Street – Pedestrian Friendly The close proximity to downtown provides an opportunity to develop a transitional higher density project. 900 East Market Street Master Design Plan 35
  • 40. Preferred Design Direction The preferred design concept described below and illustrated on pages 37 and 38, introduces a street network to the property to create a variety of redevelopment sites within the overall 13 acre tract. It engages the adjacent campus at the intersection of Bennett and E. Market Street and provides significant outdoor plaza Building A space and pedestrian thoroughfare. UHOP Restaurant Office/Housing Above The mix of uses stresses residential, office, retail and community uses. Building B Community Center Across from the UHOP church, a two-story mixed use structure, Building A, would house the UHOP restaurant Day Care on the ground floor with Office or Housing uses on the second floor. This space would offer an upgraded Buildings C1 & C2 facility and seating area for the very popular UHOP restaurant currently located in the basement of the church. Elder Independent Living It would also include an outdoor seating area and provide for greater exposure to Bennett Street. Aparments/Townhomes Building D The second floor of Building A could provide additional church programming space or market housing. Retail Office/Housing Above Building B provides a logical place for a UHOP Community Center/Day Care with space for church Building E programming such as band and choir rehearsal space, a computer lab and senior activities. Located in the Academic Building center of the site, a secure outdoor playground facility would serve both the daycare center planned for the structure and the greater East Greensboro community during non-school hours. Building F Hotel Buildings C1& C2 provide independent living homes for elder residents in the area. These are smaller attached Buildings G, H condos or apartments that are in a prime location for residents to have easy access to the site amenities. High Density Housing Building I Located right on East Market Street Building D completes the Market Commons Plaza adjacent to the Stacked Townhouses Community Center and the UHOP Restaurant. This building will have retail storefront on the first floor and office or residential on the second floor. The first floor could showcase restaurants that have outside seating on the sidewalk or plaza creating an enticing atmosphere. 900 East Market Street Master Design Plan 36
  • 41. To create further connections between the university and the site, Building E would hold academic activities. Bringing students across the street will help the restaurant and retail business on the site. Housing is a large component of this plan with Buildings I, G & H adding to the variety of housing types to the site. The types are shown to be varied in nature – flats, stacked two-story townhomes and four-story structures. Buildings G & H are high density housing that faces the plaza above the parking garage allowing direct parking access for the residents. The rest of the housing adjacent to the railroad tracks and the high density housing is stacked townhomes. These should be market rate helping to create a diverse housing stock on the site. Building F at the corner of East Market Street and Pastor Anderson is the foremost location for a hotel. Closest to Downtown Greensboro this hotel could have a modest 150 rooms that would cater to the academic community as well as the Downtown. This would be a perfect place to stay for a visiting professor that is lecturing at the adjacent academic building or local universities. The remainder of the site plan includes a large underground parking facility to service office and residential users, garages for the residents in the townhomes or independent living homes, as well as on-street and surface parking to serve UHOP parishioners on Sunday and shoppers, residents and workers at other times. 900 East Market Street Master Design Plan 37
  • 42. Preferred Design Direction North Carolina A&T State University Book store Market Street F F E D A Pastor Anderson G H C1 B I I C2 I Bennett College 900 East Market Street Master Design Plan 38
  • 43. Preferred Design Direction Staked Townhomes High Density Independent Living Housing Homes Community Center Daycare Seasonal Farmers Market Hotel Academic Building Retail Office Above Market Commons UHOP Restaurant Office or Housing Above 900 East Market Street Master Design Plan 39
  • 44. Market Street Commons View of proposed Market Street Commons from Market Street and Bennett Intersection 900 East Market Street Master Design Plan 40
  • 45. Phasing Phase 1 • Post Office Demolition • Remediation Estimated Construction Costs Phase 1 Post Office Demolition $1,100,000 Remediation $550,000 Earthwork $207,000 Phase 1 Total $1,857,000 Post Office 900 East Market Street Master Design Plan 41
  • 46. Phase 2 – 4.13 Acres • UHOP Building – 28,932 sq ft • Parking Lot – 112 spaces • Plaza – Market Commons Phase 3 – 1.18 Acres • Community Center/Day Care – 11,300 sq ft • Independent Living Homes 3 – 900 sq ft per Unit 2 – 18 Units Estimated Construction Costs Phase 2 UHOP Building $3,501,000 Site Amenities $844,000 Phase 2 Total $4,344,000 Phase 3 Community Center/Day Care $1,367,000 Independent Living Homes $1,782,000 Site Amenities $63,000 Phase 3 Total $3,213,000 900 East Market Street Master Design Plan 42
  • 47. Phase 4 – 0.72 Acres • Independent Living Homes – 900 sq ft per Unit – 26 Units Phase 5 – 3.65 Acres • Hotel – 150 Rooms • Academic Building – 34,000 sq ft • High Density Housing – 70 units • Parking Structure – 485 Spaces 5 Estimated Construction Costs Phase 4 Independent Living Homes $2,574,000 Site Amenities $432,000 Phase 4 Total $3,006,000 4 Phase 5 Hotel $14,245,000 Academic Building $6,919,000 High Density Housing $8,458,000 Underground Parking $7,469,000 Site Amenities $474,000 Phase 5 Total $37,565,000 900 East Market Street Master Design Plan 43
  • 48. Phase 6 – 0.65 Acres • Mixed-use Building – 53,200 sq ft Phase 7 – 3.82 Acres • Stacked Townhomes – 1,200 sq ft per Unit 6 – 84 Units • Garages – 50 Cars Estimated Construction Costs Phase 6 Mixed-Use Building $5,852,000 7 Site Amenities $23,000 Phase 6 Total $5,875,000 Phase 7 Stacked Townhomes $18,810,000 Site Amenities $517,000 Garages $432,000 Phase 7 Total $19,761,000 900 East Market Street Master Design Plan 44
  • 49. Estimated Total Projected Construction Costs Estimate Contingency* STORIES QUNTY UNIT UNIT COST $000s $000s Phase1 Post Office Demolition** - 304,800 SF $6 $1,000 $1,100 Remediation** - 506,700 SF $3 $500 $550 Earthwork - 18,800 CY $10 $188 $207 $1,688 $1,857 Phase 2 Building A UHOP Building 2 28,932 SF $110 $3,183 $3,501 Site Amenities - - - - $767 $844 $3,950 $4,344 Phase 3 Building B Community Center/Day Care 1 11,300 SF $110 $1,243 $1,367 Building C1 Independent Living Homes 2 16,200 SF $100 $1,620 $1,782 Each unit is 900 sq ft - 18 units - - - - - - Site Amenities - - - - $58 $63 $2,921 $3,213 Phase 4 Building C2 Independent Living Homes 2 23,400 SF $100 $2,340 $2,574 Each unit is 900 sq ft - 26 units - - - - - - Site Amenities - - - - $393 $432 $2,733 $3,006 Phase 5 Building F Hotel 4 74,000 SF $175 $12,950 $14,245 Building E Academic Building 2 34,000 SF $185 $6,290 $6,919 Building G,H High Density Housing – 70 Units 3 69,900 SF $110 $7,689 $8,458 Underground Parking 2 485 EA $14,000 $6,790 $7,469 Site Amenities - - - - $431 $474 $34,150 $37,565 Phase 6 Building D Mixed-Use Building 3 53,200 SF $100 $5,320 $5,852 Site Amenities - - - - $21 $23 $5,341 $5,875 Phase 7 Building I Stacked Townhomes 3 91,200 SF $125 $11,400 $12540 Each unit is 1,200 sq ft - 76 Units - - - - - - Garages (50 Cars) 1 7,900 SF $50 $395 $435 Site Amenities - - - - $470 $517 $12,265 $13,492 PROJECT TOTAL - Phases 1-7 $63,048 $69,352 *Contingency - 10% for unexpected conditions. 900 East Market Street Master Design Plan 45
  • 50. Mission Based Development Plan and Economic Impact Analysis United House of Prayer for All People (UHOP) purchased the former Post Office Sorting Facility site at 900 E. Market Street for $3,650,000 in June of 2005. While a detailed assessment of the conditions of the existing structures was not within the scope of this engagement, it is assumed based on prior reviews of the site’s buildings that the site will require demolition and remediation of hazardous materials. The development of the site from UHOP’s perspective could take many forms. UHOP reports that their history of development has been handled completely within their organization without need for outside partnering. Traditionally, a site of this size requires a significant investment on the part of the owner to maximize its economic contribution to the owner and the community. As such, we are assuming that the UHOP owners will opt for an approach which leverages their investment in purchasing the site while planning uses that support the church’s mission to serve the community’s needs. The principles guiding this phased approach are based on the idea that the project will be judged on its mission, not its revenue. As such, care has been taken to provide an economic means for developing the key UHOP uses - restaurant, church programming space, elder-care, apartment living and community space. The cost of building and maintaining these mission-based uses is supported by careful and controlled development of the remainder of the site without sacrificing control or ownership. Phase 1 involves the site preparation required to make the property ready for development. Phase 2 is the development of the UHOP restaurant, parking and community plaza space on the eastern side of the property. The restaurant would be moved from the basement of the existing church building and located to a more visible location to anchor the new project. The size of the facility would be increased to allow for better service and its exposure to the vehicle traffic along Market Street and Bennett would increase its customer draw. In addition, the pedestrian traffic from the adjacent universities, offices and residential population would be better attracted to the facility. Above the restaurant, additional church programming space is planned to accommodate needs that cannot be handled in the church’s existing building. Meeting room, choir and band space as well as other needs could be accomodated in this space. For the purposes of economic impact analysis, it is assumed that the church will employ persons on a volunteer basis to run its restaurant and will expand its staff as this new programming space comes on line. It is further assumed that the restaurant will generate sales tax. 900 East Market Street Master Design Plan 46
  • 51. Phase 3 is the development of a day care and community outreach center (Building B). It is assumed that the management of the day care center would be best managed at arm’s length through an agreement with another organization that could assume liability and management of this operation. This entity would in essense lease space within the building from UHOP. The community center could be run in concert with local city, recreation department, university or YMCA organizations to share the cost of ongoing operation of the facilities. The nearly $12,000,000 required to develop Phases 1through 4 can be offset by the careful development of the remainder of the site. One way to measure this is to consider a scenario where UHOP in essence ‘borrows’ the funds from their operations and titling to fund the development. This model makes sense in that it focuses on prudent investment and correlated economic return. For example, assuming typical funding, a $12,000,000 commercial note on a 30-year amortization at 8% per annum would require principal and interest service of just over $1,000,000 per year. Development of the site could be effective if the project is managed to meet the financial needs of phases 1through 4 while provding responsible and mission based development of the remainder of the site relative to the community’s needs and the congregation’s commitment to the church. Within phases 1 through 4, the realization of annual income is possible through a management contract with a thrid-party day care provider (whether that party is affiliated with UHOP or not) of $120,000 or $15 per square foot. Additional, some of the community center space might be utilized by the community, institutions or other community users to contribute additional funds. We assume this to be $56,000 or 8,000 sq. ft. at $7 per sq foot. This phase also includes some independent living and/or subsidized housing which is based on funding recommendations listed in the next phase. Phase 4 of the Mission-based Development Plan is the development of independent living and subsidized housing. While this development is likely not to be a purely for-profit endeavor, it will likely yield some measure of return relative to the cost of development. The cost to develop the residential is $7,200,000. Again applying our model for economic support of this investment based on ‘standard’ terms – we find that $660,000 per year is required to service this investment. Since the Church has clearly stated their desire to provide such affordible housing it is assumed that any income from these units is calculated at a deeply discounted rate. Therefore we assume that the units generate $127,000 in subsidized income. 900 East Market Street Master Design Plan 47
  • 52. Phases 5 through 7 involve the build out the remainder of the site. While UHOP has stated their desire to remain in control, we feel strongly that an approach which accomplishes the Church’s goals while helping offset the cost of development through the careful collaboration is appropriate. As such, we feel one opportunity to leverage the community’s needs including the educational institutions adjacent to the site is a land-lease partnership or tenency of Building D by either North Carolina A&T University or Bennett College (or a combination of the two). Additionally, the hotel site and the adjacent mix of uses (Buildings E, F , G and H) require the development of under-ground parking and will likely need to be developed in concert with one another. We suggest that UHOP consider a for-profit development partnership with East Market Street Development Corporation, area business leaders, residents, universities and perhaps even other faith-based organizations. The UHOP contribution to the partnership could be the land for development while other equity partners could contribute capital to secure their stakes in the organization. This new entity could in turn develop the site for the uses specified including the recruitment of tenants such as a hotel. Finally, the other residential in the site might be developed by UHOP at arm’s length through the use of deed-restrictions, development overlays or other control mechanism to insure the development supports their mission based vision for the site. 900 East Market Street Master Design Plan 48
  • 53. Property Tax Impact: The property tax generated by the parcel today is based on the valuation from December Property Tax Impact 2003. As such, the Guilford County Appraiser’s Office places the value of the 900 E. Market Street property at nearly $5 million. While the assessor’s data is not linked to the Valuation Today: $4,878,500 appraiser’s data, the County Appraiser’s office has indicated that the current property tax (based on Guilford County) is $62,274 per year. Property Tax Contribution: $62,274 Mechanisms exist for property owners to submit for reappraisal and it would be advantageous to consider filing for such evaluation. If the value of the property were *Assuming a Successful Re-evaluation: based solely on the land value (assuming that the existing structures have no market value), then the annual tax bill could be cut significantly. Estimated Revised Valuation: $1,100,000 Furthermore, one tool that could be available for infrastructure improvement is Tax Estimated Tax Contribution: $14,042 Increment Financing. This program involves legislative action which earmarks increases in property tax to fund specific site improvements such as road, infrastructure or other Completed Development: $63,048,000 public areas. Although new to North Carolina, this program has proven to be an effective economic development tool to foster public private partnerships and public Estimated Valuation: $63,048,000 improvement costs. Estimated Tax Contribution: $804,808 By estimating the site’s built out value based on construction costs, we find a significant lift in property tax. Tax Difference: $742,534 We would recommend working with the City of Greensboro to research this or other programs. 900 East Market Street Master Design Plan 49
  • 54. Income and Sales Tax Impacts: In addition to property tax impacts, any Potential Site Income Opportunities business or individuals working or living on the redeveloped site will contribution A UHOP Restaurant Site Restaurant 14,000 $20 sq. ft. $280,000 additional impacts to the public economy. UHOP Restaurant Upper Floor Office 14,000 $15 sq. ft. $210,000 Sales from retail operations are taxed at B Day Care Center Day Care 11,000 $20 sq. ft. $220,000 6.75%. The plan includes nearly 60,000 Community Center Office 11,000 $15 sq. ft. $165,000 square feet of retail including the hotel, storefronts and restaurants. At a very C Independent Living Apts Apts (900 sq. ft.) 22 $500 per mth $132,000 conservative $200 of sales per square Subsidized Living Units Apts (900 sq. ft.) 22 $500 per mth $132,000 foot, the estimated sales tax from these businesses is $810,000. F Hotel Building 74,000 $25 sq. ft. $1,850,000 Persons employed or residing within the E Academic Building Office 34,000 $15 sq. ft. $510,000 project will also be subject to income tax. Presently, the state of North Carolina taxes G, H Mkt Rate Apartments Apts (1,000 sq. ft.) 32 $800 per mth $307,200 its residents at 7% of income. We can estimate residential income tax by D Mixed Use Building Office 40,000 $15 sq. ft. $600,000 assuming conservatively that the Retail 13,200 $15 sq. ft. $198,000 approximately 150 units of residential are I Stacked Townhomes Apts (1,200 sq. ft.) 76 $1,250 per mth $1,140,000 occupied by an average 1.5 persons per unit; each earning the median income. Parking (monthly This calculates to over $5.5 million in Underground Parking rent) 485 $65 per mth $378,300 gross wages or nearly $400,000 in annual income tax revenue. Annual Site Income Opportunity: $6,362,500 Jobs will also be created by this project. Assuming one job per 1,000 square feet Maximum Supportable Debt $71,627,647 of business use (non-residential) again Based on simple present value of stream of total annual income. Rate 8%, 30-year amortization. earning the average income yields a total Low High of just over $4 million in wages or over Funding Gap - Total Project Development Estimate Minus Supportable Debt ($2,159,371) ($9,538,073) $300,000 in annual income tax. Low estimate does not include 10% contingency. High gap based on costs plus 10%. 900 East Market Street Master Design Plan 50
  • 55. Recommendations As the East Market Street Development Corporation, EMSDC, considers the recommendations of this feasibility study for the former Post Office site at 900 East Market Street, considerations for the continued quest for redevelopment of the site should be finalized. Although property ownership remains with the United House of Prayer for All People, the East Market Street Development Corporation can play a critical role in the long-term redevelopment of the property. To that end, we have outlined recommendations for EMSDC to remain involved in the development process and to provide assistance to the United House of Prayer for All People to complete this vision with a mission based approach. 900 East Market Street Master Design Plan 51