Downtown Ridgefield Planning & Development Open House Presentation June 18, 2015.

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Presentation transcript:

Downtown Ridgefield Planning & Development Open House Presentation June 18, 2015

1.Background 2.Project Purpose 3.Environmental and Market Assessment 4.Conclusion

Strategic Core Values 1.Capitalize on Natural Environmental Assets 2.Create A Complete Community: Live, Work, Play 3.Capitalize on Regional Innovation Economy

General Policy Recommendation “Cleanup and redevelopment of downtown brownfield properties in core downtown area to create economic critical mass”

1.Implement “Ridgefield Downtown/Waterfront Integration Project Action Plan” 2.Evaluate potential catalytic value of identified brownfield properties 3.Provide a baseline for the adoption of a Downtown Subarea Plan

Ridgefield is the fastest growing town in Washington State Vacant, prime real estate:  Downtown: 6 acres  Waterfront: 40+ acres Industry Growth Areas  Residential: serving empty nesters, seniors, young creatives  Recreation & Hospitality: in conjunction with the Refuge  Office Space: serve local professionals and creative firms  Flex & Industrial Space: fit well with waterfront  Market Hybrids: realistic market opportunities (e.g. mixed use)

Key development concepts suggested by this market analysis Village residential Independent boutique retail Destination wildlife reserve attractors Professional and creative services Corporate campus Live-work mixed use

Park Laundry Bus Barn Weeks Property

A four story development with ground level retail and apartments above Four live/work townhomes with shop space on the ground floor and living space on two floors above 1, 2 and 3-story structures – with office floors ground level retail A multi-tenant ag-production facility with an event/public area

Cost of remediation exceeds value of development Current Downtown rental rates do not support redevelopment Feasibility limited by zoning restrictions on density in Downtown

Objective Create the climate for Downtown revitalization Revitalization Strategies Infrastructure and regulatory platform to accommodate development Link development of waterfront with downtown Initiate waterfront development Capitalize on the Refuge Support development of Downtown properties Generate adequate resources to sustain economic growth Mechanisms Subarea plan Pioneer St. corridor study Revise downtown zoning Attract an anchor Identify mutual targets Park along the waterfront Refuge trail and connection Branding exercise Programming (i.e. events) Portal community Brownfield properties Assist RSD in developing Bus Barn Identify opportunities for property consolidation Balance development among satellite areas Urban Refuge Program