Wake Forest Renaissance Plan - September 2017


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

1 Executive Summary

1.1 Summary Introduction

Time for an Update

The Renaissance Plan Update builds on the original study conducted in 2004. Over a decade ago, a plan was developed to provide policy and programmatic recommendations for the revitalization of the historic downtown. Additionally, it proposed a number of realistic development opportunities for the heart of the Wake Forest community with the goal of creating a more vibrant community for all who visit, work, and live in Wake Forest. Some goals and strategies were completed and some are still a work in progress. The Great Recession in the mid – late 2000s also drastically impacted the way we think, live, plan and spend. Several key public and private investments have occurred since 2004, and we are seeing a renewed interest and vibrancy in downtown Wake Forest.

While continually striving for a vibrant and economically successful downtown that benefits the municipality, property owners, merchants, and potential investors, this plan update does the following: » » It produces a market study identifying development potential » » It develops retail strategies » » It provides opportunities for new housing » » It designs streetscape improvements » » It develops mobility strategies that prioritize bicyclists, pedestrians, and transit » » It provides parking strategies including management, on-street parking, and location of off-street parking areas » » It identifies and tabulates private development & redevelopment opportunities » » It forms strategies for attracting new retail, restaurant, office and housing to the area » » It implements key urban design principles that promote quality of life » » It develops short-term and long-term implementation strategies

RESOURCE: Check out the first Renaissance Plan completed in 2004 (wakeforestnc.gov)

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