Addison Corridor Presentation

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DCD Addison Corridor Community Workshop 1 June 9, 2009 1

A STRATEGIC PLAN FOR THE

ADDISONCORRIDOR

A plan to guide job-generatingbusinesses uses and publicinfrastructure investment

Competitive

InnovativeSustainable


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Agenda

1. Introduction of Project + Project Team

2. Project Update

3. Economic Development Opportunities

4. Physical Conditions + Opportunities

5. Implementation Plan

6. Brief Q+A

7. BREAKOUT SESSIONS

8. Reassemble for Group reports

9. Next Steps


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1. Project Team

EconomicDevelopmentPlan

PhysicalMasterPlan

ImplementationPlanSBFCoSector AnalysisMarket Assessment

Funding Strategies

DLKProject ManagementCommunity Interaction

CCSEstimatingPhasing

IEIUtilitiesInfrastructure

TranSystemsTransportationTraffic + Parking

GINKGOLand UseUrban Design


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2. Project Update

A M J J A S O N

Steering Committee Meetings 1 2 3 4 - 5 6

ECONOMIC DEVELOPMENT PLAN

PHYSICAL MASTER PLAN

IMPLEMENTATION PLAN

Community Workshops 1 2 3

Plan Adoption


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Community Input

LISTEN

Workshop 1

RESPOND

Workshop 2

ENGAGEWorkshop 3

What could be? Committees

Civic Groups

Residents

Businesses

Property OwnersEmployers

Employees

Developers

Agencies

What should be?

What will be?

B


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Issues:

Land Use Conflicts

Property Expectations

Schools Overcrowding

Parking

River + Park Access

Business Retention

Business Expansion

Business Attraction

Addison

Belmont

IrvingPark

Berteau

BellePlaine

Byron

Grace

Waveland

Cornelia

Roscoe

School

George

California

Western


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3. ECONOMIC DEVELOPMENT PLAN

A world-class urban business

campus

A globally-competitive

agglomeration of industries

A center for cutting-edge

industries

Job creation + diversity of payranges


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Analysis of Economic Development Potential

Assess opportunities and constraints

Identify target industry sectors

Review industrial real estate trends in Chicago

Assess future redevelopment potential of Corridor


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IrvingPark

Addison

Belmont

Diversey

GreenExchange

RoscoeVillage

Study Area Context Map

LocatedinN.SideofChicago

W\n3miles

of

4interchanges

Withina5mileradius: Over43,000businesses 1.3millionpeople

ProximitytoGreenExchange


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Key Businesses

2

3

4

5

ID Companies Sector Name

Sector SalesVolume inCorridor

Number ofEmployeesin Sector

1 Hu-FriedyMedical Equip.Manufacturing

$128,800,000 385

2 WGN Broadcasting $100,750,000 250

3WMSGaming

Comp. &Electronic Mfg.

$92,050,000 467

4TampicoBeverages

Bev. &TobaccoManufacturing

$63,300,000 75

5 CenveoPrinting &RelatedSupport

$49,250,000 308

6 ComEdElectric Power

Generation

N/A 660

3

1

4

6


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Opportunities + Constraints

Opportunities: Strong + growing business anchors Access to a strong + diverse labor market

Concentration of people + businesses Proximity to Green Exchange Proximity to transit for employees Good access to regional transportation network

Potential linkage to Roscoe Village neighborhoodConstraints: High taxes Functional obsolescence of industrial inventory

Mismatch of expansion needs + available space Mismatch of parking needs + available space Land use conflicts with neighboring residential uses Pressures for conversion to residential uses


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Industrial Corridors + Sectors

Professional&ScientificServices ComputerandElectronicProductManufacturing MetalManufacturing FoodManufacturing Wholesale

Trade

FoodManufacturing Metal

Manufacturing WholesaleTrade

TransportationEquipmentManufacturing

MiscellaneousManufacturing


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Top Industries + Viability in CorridorBased on Shift Share Analysis for Chicago Region by WBC

Viability in AIC

WBC Focus Industries in Chicago Region Low Medium High

1 Building Finishing Contractors

2 Food Manufacturing & Services

3 Specialized Chemicals Manufacturing

4 Metals & Machinery Manufacturing

5Electrical Equipment & ComponentManufacturing

6 Other Specialized Manufacturing

7 Transportation & Warehousing

8 Computer Systems Design & Related Services

9 Scientific, Technical, & Professional Services

10 Waste Management & Remediation


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Green Industries: U.S. vs. ChicagoWBCAnalysis


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Demand Drivers for Green Industries

Federal Stimulus Renewable Energy Research and Development Green Construction

Energy-Efficient Improvements to Federal Buildings Tax Credits for Energy-Efficient Improvements to Homes/Businesses

Other Federal Programs Energy Star

Environmentally Preferable Purchasing (EPP) State Initiatives

Utility Rebate Programs Renewable/Efficient Energy Grant Programs

City Initiatives: Chicago Sustainable Development Policy Green Permit Program Chicago Climate Action Plan


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Current Leasing InterestBased on Broker and Developer Interviews

Business Inquiries:

Office/flex/warehouse users: 5,000-35,000 SF

Green building material manufacturers: 2,500-30,000 SF Movie production: 36,000 SF

Video game developer: 8,500 SF

Other Potential Businesses:

Consumer-oriented services (e.g. caterers and florist

wholesalers): 15,000 SF Back office users: 20,000+ SF


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Target Business Sectors for Addison

High-Tech

Computer Systems Design & Related Services

Scientific, Technical, & Professional Services

Electrical Equipment & Component ManufacturingGreen

Generation (Component manufacturing)

Construction (Green materials, components and methods) Scientific, Technical, & Professional Services

B-to-B /B-to-C

Wholesale

Building Finishing Contractors

Legacy

Reinforce strong existing businesses in other sectors


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Industrial Space Analysis

Comparison of Chicago and Seven-County Region:

Chicago RegionChicagos

Share

Occupied Industrial Space, 2009 108,698,607 967,994,342 11%

Average Annual Absorption, 1999-2009

(749,887) 6,398,976 N/A

Net New Industrial Space, 1999-2009 (1,317,766) 120,768,408 N/A

Source:CostarandS.B.Friedman&Company.

Berteau


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HighVacancy

&

FunctionalObsolescence

HighVacancyand/orOlderBuildingStock

LandUseConflicts

ExpandingBusinesses

ExpandingBusinesses Majority

of

space

is

Class

C Keyzonesinstudyareawith: Highervacancy Obsoletestructures

Landuse

conflicts

Real Estate Summary

Addison

Belmont

IrvingPark

Belle

Plaine

Byron

Grace

Waveland

Cornelia

Roscoe

School

Wellington

Californ

ia

Wester

n

HighVacancyand/orOlderBuildingStock

George

R l E t t St t i


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Real Estate Strategies:

Attracting New Businesses

Shovel-ready sites for built-to-suit users + multi-tenant developers

25-50 contiguous developable acres

New Class A facilities

Utility + telecom infrastructure

Attractive + compatible surrounding uses

Business Park identity (signage, gateway features and landscaping)

Amenities (green space, walking paths, retail and service)


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Case Study:Brooklyn Navy Yard, New York, NY

City Involvement + Financing: Owned by City and managed by

non-profit Brooklyn YardDevelopment Corporation

City funding for capitalexpenditures: $130 million

Private funding: $1.5 billion

Tax-exempt bonds forinfrastructure

Key features: Preservation of existing industries

and encouragement of new

industries Dynamic mix of different

businesses

All new buildings will achieveLEED Silver ratingsSizeandProgram:

300acresintotal

92acres

of

leasable

building

area

Mixofindustrial,retail,andfilm/media


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Case Study:Menomonee Valley Industrial Center, Milwaukee, WI

City Involvement andFinancing:

Menomonee Valley Partners, a public-private partnership, brings togetherbusiness and property owners, local andstate government, and community leaders

Tax incremental financing and brownfieldsgrants supported land acquisition andinfrastructure investment

Key features: Design of Stormwater Management Areas

(SMA) gives structure to the park, allowsfor a range of landscape types, andprovides cost savings

Site work has corrected environmentalproblems, making it comparable to agreenfield

Goal to create 1.5 jobs/1,000 s.f. ofbuilding area, for 1,290 jobs total

SizeandProgram: 70acresintotal 860,000s.f.ofleasablebuildingarea

Parcelsrange

from

1.5

to

10

acres

Sharedparkingandminimalsetbacks

Berteau


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Development Opportunities

1. NORTHFlex Zone

Establish mixed-use zoning (office,commercial + live-work?) +development guidelines

Urban Business Zone (B-to-B and B-to-C)

Industrial and Flex space

Competitive with modern businessparks (suburban-style amenities andfacilities in urban setting)

2. CENTRALFacilitation of Legacy Business Expansion

Targeted strategies to meet needs ofindividual users

3. SOUTH

High-Tech and Green Business Park Mix of Flex and Office space

High-value, high-amenity Class Aspace

Leverage riverfront location

HighTech+GreenBusinessPark

UrbanBusinessZone

UrbanBusinessZone

FlexZone???

Addison

Belmont

IrvingPark

BellePlaine

Byron

Grace

Waveland

Cornelia

Roscoe

School

Wellington

George

California

Western

LegacyBusiness

3 PHYSICAL MASTER PLAN:


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3.PHYSICAL MASTER PLAN:

1. Meets physical, programmatic+ functional needs of specificaccess + facility

2. Provides multi-modal mobility

3. Reuses waste products + waterfor green businesses

4. Protects environment

5. Incorporates sustainablestrategies for cost control

TransportationInfrastructureArchitectureLandscape

Urban Design


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T t ti


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Transportation:CDOT Projects

1. Western/Belmont/Clybourn ViaductStudy

2. Irving Park Road over the North Branchof the Chicago River

3. Addison-Campbell Traffic Signal

4. Barry Street, Washtenaw to RockwellStreet

5. Lane Tech HS Safe Routes to SchoolInfrastructure

6. Rockwell Street Alternatives

Transportation:


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Transportation:Existing Campus Transit

1. Served directly by eight CTA bus routes,

including two express bus routes

2. Routes remain on major arterials

3. Route 52 California begins service at busturnaround within campus

T t ti


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Transportation:Existing Transit Services

1. CTA Brown Line and Blue Line are mile away from campus

2. CTA bus routes connect campus withBrown Line and Blue Line stations

3. Metra Union Pacific North + Northwest

Line stations are located a few milesaway

4. Metra UP Northwest Line stationconnected to campus via CTA busroute

Transportation:


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Transportation:Potential Transit Shuttle

1. Potential shuttle service from the Metra UPNorth Line Ravenswood Station and CTABrown Line Paulina Station

2. CTA Blue Line Belmont Station would alsobe served


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Infrastructure:

1. Advanced communications

2. Power generation

3. Stormwater management

4. Water reclamation

5. Waste reduction

6. Byproduct recycling

Architecture:


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Existing Buildings

Varying conditions from poor to good

Some historic buildings of character

Opportunities to relocate \ expand businesses

Architecture:


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Architecture:Opportunities

New, iconic, state-of-the art facilities

Adaptive-reuse of historic buildings

Expansion + update of existing

buildings

Small 2,500-5,000 SF 5-15 cars

Medium 10,000-20,000 SF 25-50 cars

Large 25,000-35,000 SF 60-90 cars

Parking 1 space per 400 SF Shared

Landscape


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p

Conditions

1. Connect ped \ bikeways

2. Address different riveredge conditions

3. Make River central focus

4. Improve streetscapes

L d


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Landscape:Opportunities

Enhance ped \ bike connections

Create upper + at-water levels

Enhance recreational amenities inparks

Orient new buildings to face River

Incorporate green roofs + raingardens

Use durable plant materials

Minimize parking + loading areasalong River

Urban Design


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1. ADDISON NORTH CAMPUS:Flex Space + Business

2 ADDISON CENTRAL CAMPUS:Business to Business

3 ADDISON SOUTH CAMPUS:

Green Tech

Urban Design

ADDISON


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ADDISON

NORTHCAMPUS

Parcels: Total 36 acresapprox.

Maximizing developmentpotential for large buildings

+5.5ACRES

+4.5ACRES

+5.2

ACRES

+4.3ACR

ES

+8.5 ACRES

+8 ACRES


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ADDISON


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ADDISONSOUTH

CAMPUSParcels: Total 36 acresapprox.

Variety of parcelSHAPES and SIZES,from 1 acre to 12 acres

Variety of parcel depthsfrom 110 to 560 approx.

110

560

5. IMPLEMENTATION PLAN


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Capital Investment

Zoning changes to protect priority sites

Land assembly strategy

Creation of shovel-ready sites

Critical capital improvements estimates

Phasing

Public-private financing strategies

HARD COSTS QTY UNITS EST

Land acquisition x $ $

Demolition + Site Prep \Remediation

x $ $

Roads + Streetscapes x $ $

Utilities + Stormwater x $ $

Riverwalk + Landscape x $ $

Signage + Wayfinding x $ $

Parking x $ $

Transit Amenities x $ $

Estimated Total $$$


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Documents

Addison Corridor Presentation