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2017 R ena i s s anc e P l an U pdat e | T own of W ak e F or e s t
10.2 Long Term Development Opportunities
10.2.1 Master Plan
Downtown Wake Forest is currently a collection of disparate parts that are functioning well, but would be at their best if they were better connected and working together. The historic core area and Town Hall anchor the center of the Renaissance Area, but the vibrancy is fragmented. By creating a festival street on Owen, focusing on infill development, and targeting tactical projects, the fragmented parts can be connected together. What makes a downtown thrive? In short, it is the presence of people — people working, people shopping, people relaxing, and people eating — that is the secret sauce to a truly successful downtown. We have identified opportunities for new office buildings and retail to be developed mostly in the central and southern parts of the Renaissance Area. But, perhaps above all else, we must have more people living downtown. We’ve identified opportunities for approximately 1,000–1,200 new residents to live within a 5–8 minute walk of the historic core area. Residents walk around their neighborhood, activating the street and attract others to do the same. They may not be the entire market for a new women’s clothing store or restaurant, but they will often be the dedicated supporters who will choose to buy local instead of driving elsewhere.
10.2.2 Potential Buildout / Infill Calculations
expand senior center and town hall + construct community center
461 housing units
60,000 sf civic
85,000 sf retail
16–24 room boutique hotel
93,000 sf office
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