CHALLENGES & OPPORTUNITIES - CH.2 The Corridor contains several retail clusters, some of wh 5(7$,/&/867(56 The Corridor contains several retail clusters, some of wh RETAIL CLUSTERS
CH. 2 - CHALLENGES & OPPORTUNITIES
Socio-Economics The neighborhood characteristics and assets, household dynamics, and employment along the Green Line corridor varies by segment. There are approximately 30,000 people living within the half mile buffer to the east and west of the Green Line BRT route and there are more than 37,000 jobs. Approximately 75% of residents living along the corridor are Black, and more than 60% are renters. This part of the city is at high risk for displacement of legacy residents living in rental households. This is due to the high percentage of renters and the escalating real estate values which increased by 24% from 2015 to 2020. There are currently no limits to rent escalation rates which can increase quickly in a strong real estate market. Conversely, the increases in housing values over the last several years have proved beneficial in terms of wealth generation opportunities for long time homeowners. Median household income of $31,000 in the corridor is almost half of the average household income citywide at $57,000. Historically, the Gateway station area served as one of the major retail and community gathering hubs for Jacksonville’s northside. However, over the last several decades it has lost its vitality. Despite many attempts and repositioning of the properties for various retail and other uses over the last several decades, many of the commercial properties remain underutilized. Additionally, the area is no longer a place where community members gather. These are many opportunities for catalytic, mixed-use redevelopment as part of the TOD strategy for the Green Line corridor. $14.04/SF $YHUDJH5HQW $14.23/SF $12.37/SF $11.04/SF
ways including on-street, shared parking, district level parking, and structured parking. As new development and redevelopment comes online in the Green Line corridor, there will be a need to incorporate creative parking management strategies, Complete Streets interventions in areas where high foot traffic is desired, and to establish the grid street pattern when there are opportunities to retrofit auto-dominated patterns.
A key design feature for creating TOD is the grid street pattern with slower speed roadways that prioritize pedestrian movement, walkability, bikability, and transit access. Cars are still accommodated in the TOD walkshed around each station, but they are slowed down to give priority to transit, walking, and biking movements. Another key goal with transportation for TOD is to reduce the amount of land consumed for parking. This means accommodating parking in creative
The Corridor contains several retail clusters, some of which are underperforming 5(7$,/&/867(56 4.0M SF Retail Space in Corridor 4.0M SF Retail Space in Corridor 4.0M Square Feet Retail Space in Corridor
RETAIL CLUSTERS : The corridor contains several retail clusters, some of which are under-performing
8.6% Corridor Retail Vacancy Rate 8.6% Corridor Retail Vacancy Rate 8.6% Corridor Retail Vacancy Rate
5HWDLO&OXVWHU Retail Cluster $UPVGDOH Armsdale
&HQWHU Center Armsdale Armsdale
9DFDQW6) 0 SF (0.0%) Vacant SF 0 SF (0.0%)
$YHUDJH5HQW Average Rent $14.23/SF $12.37/SF $12.37/SF $14.23/SF
'XQQ/HP7XUQHU Jacksonville Regional Dunn/Lem Turner Jacksonville Regional
132,970 SF (41.6%) 138,625 SF (37.9%) 138,625 SF (37.9%) 1,400 SF (2.8%) 1,400 SF (2.8%) 132,970 SF (41.6%)
*DWHZD\ Gateway %URRNO\Q6WDWLRQ RQ5LYHUVLGH
Gateway Gateway
$11.04/SF $14.04/SF $14.04/SF $11.04/SF
Brooklyn Station
Riverside/Jackson Brooklyn Station
4.0M SF Retail Space in Corridor
8.6% Corridor Retail Vacancy Rate
$UPVGDOH .6) Wal-Mart, Home Depot
FSCJ Station Area
'XQQ/HP7XUQHU .6) Walgreens, Dollar General Source: CoStar, SB Friedman Source: CoStar, SB Friedman
Existing street cross sections along the Green Line corridor at the FSCJ Station Area.
5HWDLO&OXVWHU
&HQWHU
9DFDQW6) 0 SF (0.0%)
$UPVGDOH
Armsdale
%DVVHWW /HP7XUQHU .6) Roses
'XQQ/HP7XUQHU Jacksonville Regional
132,970 SF (41.6%) 138,625 SF (37.9%)
*DWHZD\
Gateway
(GJHZRRG /HP7XUQHU .6) Save-A-Lot
%URRNO\Q6WDWLRQ RQ5LYHUVLGH
Brooklyn Station
1,400 SF (2.8%)
Lake Forest Station Area
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Existing street cross sections along the Green Line corridor at Lake Forest Station Area.
Winn-Dixie, Family Dollar, Walgreens
DEMOGRAPHICS: Jacksonville verses the corridor
MEDIAN HOUSEHOLD INCOME
% BLACK RESIDENTS
% RENTER HOUSEHOLDS
WK 0DLQ .6) 'RZQWRZQ .6)
Green Line corridor Jacksonville
%URRNO\Q6WDWLRQ .6) Fresh Market
Dunn Avenue Station Area
Existing street cross sections along the Green Line corridor at Dunn Avenue Station Area.
Source: CoStar, SB Friedman
Important Retail Clusters along the Green Line corridor
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Northwest Jacksonville Connects: Green Line TOD Study Final Report | Jacksonville Transit Authority
Northwest Jacksonville Connects: Green Line TOD Study Final Report | Jacksonville Transit Authority
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