The ideal project site
Sites that are NOT a good fit
Before we talk about what sites are perfect for Streetfront, It may be helpful to also clarify what is NOT a good fit for Streetfront:
A building surrounded by single-family homes or farmland or auto shops with no amenities to walk to within 0.25 mile.
A building in an area where there is more asphalt than building structure for most of the surrounding area. This likely in an auto-centric area of town and not well suited to pedestrians.
The Ideal Site
What kinds of projects are right for Streetfront Development? My ideal project site is:
A currently ugly building or vacant lot
On Main Street or an existing commercial corridor
At or near a prominent intersection
Within walking distance to services nearby - grocery, library, bank, restaurants, etc.
At a price point that is 10x annual rent for what it could be rented in its current condition
With other potential future projects nearby
In a neighborhood that has personality and wants to deepen that personality
Know of one of these unicorns? Or something with some of these attributes? If so, let me know!