Commercial properties

The Release of the Guidebook for Redeveloping Commercial Vacant Properties in Legacy Cities

In the wake of the mortgage foreclosure crisis and the long-term abandonment of older industrial cities and their regions, communities and neighborhoods have been increasingly burdened with vacant and abandoned properties. Organizations and municipalities are now more systematically addressing vacant residential properties. However, for years there was very little guidance for the redevelopment of commercial vacant properties, which are equally prevalent — especially throughout older industrial regions.

Commercial and residential vacancy at the county level for legacy cities. Data collected on the fourth quarter of fiscal year 2013. Data source: US Postal Service. Data aggregates vacant and no-stat addresses.

 

Today, Greater Ohio Policy Center is releasing its new guidebook, Redeveloping Commercial Vacant Properties in Legacy Cities: A Guidebook to Linking Property Reuse and Economic Revitalization, which is the first of its kind to offer a comprehensive set of tools and strategies for redeveloping commercial vacant properties and business districts in legacy cities.

The guidebook, developed in partnership with the German Marshall Fund of the United States and with support from the Center for Community Progress, is designed as a “How To” manual for local leaders, identifying practices and policies that take advantage of the link between available commercial properties and needed economic re-growth strategies in legacy cities.

The tools and strategies provided can be used by local leaders and practitioners no matter where they are in the process of commercial property redevelopment, from data gathering and planning to real estate acquisition and redevelopment, and from tenant attraction and support to business district management.

The guidebook includes the following tools:

  • Guidance on planning & partnering for commercial revitalization
  • Methods for analyzing the market
  • Advice on matching market types & strategies for commercial revitalization
  • Legal tools for reclaiming commercial vacant properties
  • Funding sources for overcoming financial gaps
  • Menu of property reuse options
  • Ways to attract & retain business tenants
  • Methods and models for managing a commercial district
  • Strategies for building markets in legacy cities

While the tools, strategies, and policy recommendations within the guidebook are particularly relevant for legacy cities and their communities, they are also applicable to all cities and regions that seek to reuse commercial vacant properties with the purpose of enhancing community stability and economic development.

Click here for more information and to download the guidebook.

 

GOPC Presents the Commercial Vacant Properties Guidebook in Youngstown

By Marianne Eppig, Manager of Research & Communications

On Monday, I traveled to Youngstown to introduce our new guidebook for redeveloping commercial vacant properties at the Strong Cities, Strong Communities (SC2) Bootcamp hosted by the German Marshall Fund of the U.S. The SC2 Bootcamp in Youngstown was a two-day workshop that brought together national experts and local stakeholders to exchange ideas in support of economic and community revitalization in downtown Youngstown and the surrounding region.

The panel I participated in focused on “Tools and Strategies for Revitalization” that can be used as part of a holistic approach to redevelopment in Youngstown. Tamar Shapiro of Center for Community Progress moderated the panel expertly and the other (highly esteemed) panelists included Georgetown University Professor and Streetsense Director of Research and Analysis Heather Arnold, Jamie Schriner-Hooper of the Community Economic Development Association of Michigan, and Terry Schwarz of the Cleveland Urban Design Collaborative.

For my presentation, I introduced GOPC’s new guidebook for redeveloping commercial properties, titled Redeveloping Commercial Vacant Properties in Legacy Cities: A Guidebook to Linking Property Reuse and Economic Revitalization. Local leaders and practitioners--such as those from community development organizations, municipal planning and economic development departments, Main Street and commercial district programs, SIDs and BIDs--can use the guidebook to plan and manage the revitalization and reuse of commercial vacant properties in legacy cities. The guidebook includes the following tools:

  • Guidance on planning & partnering for commercial revitalization
  • Methods for analyzing the market
  • Advice on matching market types & strategies for commercial revitalization
  • Legal tools for reclaiming commercial vacant properties
  • Funding sources for overcoming financial gaps
  • Menu of property reuse options
  • Ways to attract & retain business tenants
  • Methods and models for managing a commercial district
  • Strategies for building markets in legacy cities

GOPC produced this guidebook in partnership with the German Marshall Fund of the U.S. and the Center for Community Progress. We plan to release the guidebook within the next month.

Click here to view my presentation on the commercial vacant properties guidebook.

The panel also covered tools for developing vibrant retail streets (see Streetsense’s Vibrant Streets Toolkit), methods for working with anchor institutions to revive vacant land and urban spaces (see CUDC’s Pop Up City initiative and Reimagining a More Sustainable Cleveland), and temporary uses for vacant properties (see VACANT Lansing – the event themes are secret until you show up!). Following the panel, we were able to speak with participants and go into more depth on the tools and strategies presented.

Several of us went on a tour of Youngstown after the event. Dominic Marchionda of NYO Property Group showed us around downtown Youngstown and Wick Park. This tour of the city and its surrounding neighborhoods revealed both challenges and opportunities for efforts that are bringing vibrancy to the city. As Terry Schwarz mentioned during our panel, this will be the work of our lifetimes.