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A Transformation in
Progress
Revitalization
If you haven’t been to CityAve lately, prepare
for a pleasant surprise.
There has been a quiet revitalization going on~underfoot
and along the sidewalk. With the revival come options.
Dining Options. Residential Options. Retail Options.
Recreational Options.
Options for you to play a role in the current
transformation in progress.
The Backstory
Conceived in the early 1990’s
• Lita Cohen, Jim Ettelson, Joe Manko, and Michael Nutter
True Public/Private Partnership
Elected officials, property owners, institutional leaders, and
business leaders worked together to develop the concept and
gather support
The Backstory
The Key Goals
• Enhance safety
• Improve the area’s image
• Attract and shape development
A little History
“The Golden Mile”
• Horn & Hardart
• The Marriott
• Germantown Savings Bank
• Penn-Fruit
TransportationBuilding and ParcelsDevelopment Character
Today
The Current Situation
CityAve is the region’s center for television and radio
broadcasting, home to two institutions of higher learning,
and boasts the second densest office population in the
region.
Today
The Current Situation
The district is a great location with fast access to Center City and University
City.
• Superior public transportation network
• New higher density zoning in Lower Merion has been approved as of
April, 2012
• Much of City Avenue built under existing zoning. New zoning has
created extraordinary opportunity.
Today
The demographic composition of the CityAve area supports
the type of high-quality retail, residential and office space
integral to our vision.
• Per Capita income higher than surrounding areas ($55,011)
• Business Tax is 6% lower than most alternatives (0.15% [Gross
Receipts])
• Lower unemployment rate than surrounding areas
• Aside from Radio Stations and Higher Education—top 3 industries
include:
– Technical, Scientific & Professional Services
– Healthcare & Social Services
– Finance & Insurance
The Aim
Transformation of the City Avenue corridor from an
auto oriented drive-through to a pedestrian friendly,
successful, vibrant, and highly desirable, diverse
mixed-use community.
The Plan
New zoning ENCOURAGES higher density
development (3 times existing density)
• Development that combines residential, institutional, and
commercial uses in close proximity.
• Structured parking in place of surface lots
The Plan
The new zoning ENCOURAGES:
• New public plazas and open space
• Streetscape & traffic improvements
• Public transit usage
• Pedestrian friendly activities
The Plan
New zoning creates OPPORTUNITY
• Development of more, higher-quality office space to attract
businesses who want to be near Center City, but away from
congestion.
The Plan
New zoning creates OPPORTUNITY:
• Upgrades and improvements to retail storefronts and the nature
of the retail market – specifically attracting high-end retail –
without increasing traffic.
The Plan
New zoning creates OPPORTUNITY
• Increased, high-end residential space to respond to demand to
live near Center City and in an area near shopping and walk-to-
work employment
• Improved traffic conditions
The Plan
OPPORTUNITIES to create:
• A sense of place
• Increased public safety
• Better tax scenarios for companies
• Better retail and dining options for local residents
Key Changes
• Increased building FAR, lot coverage, and building height
• Reduction in required parking
• Zoning incentives for features such as plazas as well as
structured and underground parking
• Design standards for building, including mass and articulation
• Requirement for wider sidewalks and street landscaping
• Better pedestrian connections between sidewalks and buildings
The Future
Live | Work | Study | Play
• Develop higher density
office, residential, hotel &
retail
• Medium density &
low rise residential
• Ground floor active uses
near City Avenue
• Mid-rise buildings closer to
sidewalks
The Plan
In summary, we are bullish about:
• Enhancing the visual character of the district
• Developing a sense of place
• Improving pedestrian connections
• Promoting the use of transit to reduce traffic congestion
• Creating transitions in bulk and scale between higher density
development and residential neighborhoods
• Creating pedestrian-scaled blocks
• Encouraging shared parking and attractive structure parking
• Providing landscaped, open areas and public gathering spaces
Dimensional Standards
Floor Area Ratio (FAR)
• Encourage higher density development
• Zoning incentives for amenities
Dimensional Standards
Building Height
• Encourage varied building heights—up to 200’ in some areas
200' Building
Dimensional Standards
Building Height
• Encourages varied building heights
Photo simulation of possible redevelopment
View from
City Avenue
Zoning Specifics
Build-to-Line: Dimensional Standards
• Require buildings to be constructed close to sidewalk
Build-to-Line for façade facing
City Avenue
Build-to-Line for façade
facing streets other than
City Avenue
Dimensional Standards
Build-to-Line
• Primary pedestrian access points to buildings shall be located
along the Primary Front Facades
• The Build-to-Line may be extended by 20 ft. if the area is used
for outdoor dining
Design Standards
Architectural Design Standards
Visual mass of buildings shall be de-emphasized through
the use of architectural and landscape elements
Horizontal
Articulation
Vertical
Articulation
Design Standards
Architectural Design Standards
Minimum requirements for area of
windows
• Upper floors:
– 20% of façade covered by
windows
• Ground floor:
– 65% of façade covered with
windows (including window in
door)
Design Standards
Parking Structures
• Pedestrian-oriented facade
• Active uses at first floor facing pedestrian-oriented
streets
• Primary building entrances shall be visible
and articulated toward the street
parking
Possibilities
Possibilities
Opportunities Identified in Econsult Study
CityAve offers savvy real estate professionals boundless
opportunities:
• Abundant, well-educated workforce
• Per capita income higher than surrounding areas
• Business tax is 6% lower than most alternatives (Township has
lowest tax burden for all industries)
• Lower unemployment rate than surrounding areas
• Top industries include higher education, broadcast, healthcare,
finance, and insurance
Now’s the time. CityAve’s the place.

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City Ave Special Services District - Broker Presentation

  • 2. Revitalization If you haven’t been to CityAve lately, prepare for a pleasant surprise. There has been a quiet revitalization going on~underfoot and along the sidewalk. With the revival come options. Dining Options. Residential Options. Retail Options. Recreational Options. Options for you to play a role in the current transformation in progress.
  • 3. The Backstory Conceived in the early 1990’s • Lita Cohen, Jim Ettelson, Joe Manko, and Michael Nutter True Public/Private Partnership Elected officials, property owners, institutional leaders, and business leaders worked together to develop the concept and gather support
  • 4. The Backstory The Key Goals • Enhance safety • Improve the area’s image • Attract and shape development
  • 5. A little History “The Golden Mile” • Horn & Hardart • The Marriott • Germantown Savings Bank • Penn-Fruit
  • 7. Today The Current Situation CityAve is the region’s center for television and radio broadcasting, home to two institutions of higher learning, and boasts the second densest office population in the region.
  • 8. Today The Current Situation The district is a great location with fast access to Center City and University City. • Superior public transportation network • New higher density zoning in Lower Merion has been approved as of April, 2012 • Much of City Avenue built under existing zoning. New zoning has created extraordinary opportunity.
  • 9. Today The demographic composition of the CityAve area supports the type of high-quality retail, residential and office space integral to our vision. • Per Capita income higher than surrounding areas ($55,011) • Business Tax is 6% lower than most alternatives (0.15% [Gross Receipts]) • Lower unemployment rate than surrounding areas • Aside from Radio Stations and Higher Education—top 3 industries include: – Technical, Scientific & Professional Services – Healthcare & Social Services – Finance & Insurance
  • 10. The Aim Transformation of the City Avenue corridor from an auto oriented drive-through to a pedestrian friendly, successful, vibrant, and highly desirable, diverse mixed-use community.
  • 11. The Plan New zoning ENCOURAGES higher density development (3 times existing density) • Development that combines residential, institutional, and commercial uses in close proximity. • Structured parking in place of surface lots
  • 12. The Plan The new zoning ENCOURAGES: • New public plazas and open space • Streetscape & traffic improvements • Public transit usage • Pedestrian friendly activities
  • 13. The Plan New zoning creates OPPORTUNITY • Development of more, higher-quality office space to attract businesses who want to be near Center City, but away from congestion.
  • 14. The Plan New zoning creates OPPORTUNITY: • Upgrades and improvements to retail storefronts and the nature of the retail market – specifically attracting high-end retail – without increasing traffic.
  • 15. The Plan New zoning creates OPPORTUNITY • Increased, high-end residential space to respond to demand to live near Center City and in an area near shopping and walk-to- work employment • Improved traffic conditions
  • 16. The Plan OPPORTUNITIES to create: • A sense of place • Increased public safety • Better tax scenarios for companies • Better retail and dining options for local residents
  • 17. Key Changes • Increased building FAR, lot coverage, and building height • Reduction in required parking • Zoning incentives for features such as plazas as well as structured and underground parking • Design standards for building, including mass and articulation • Requirement for wider sidewalks and street landscaping • Better pedestrian connections between sidewalks and buildings
  • 18. The Future Live | Work | Study | Play • Develop higher density office, residential, hotel & retail • Medium density & low rise residential • Ground floor active uses near City Avenue • Mid-rise buildings closer to sidewalks
  • 19. The Plan In summary, we are bullish about: • Enhancing the visual character of the district • Developing a sense of place • Improving pedestrian connections • Promoting the use of transit to reduce traffic congestion • Creating transitions in bulk and scale between higher density development and residential neighborhoods • Creating pedestrian-scaled blocks • Encouraging shared parking and attractive structure parking • Providing landscaped, open areas and public gathering spaces
  • 20. Dimensional Standards Floor Area Ratio (FAR) • Encourage higher density development • Zoning incentives for amenities
  • 21. Dimensional Standards Building Height • Encourage varied building heights—up to 200’ in some areas
  • 22. 200' Building Dimensional Standards Building Height • Encourages varied building heights Photo simulation of possible redevelopment View from City Avenue
  • 23. Zoning Specifics Build-to-Line: Dimensional Standards • Require buildings to be constructed close to sidewalk Build-to-Line for façade facing City Avenue Build-to-Line for façade facing streets other than City Avenue
  • 24. Dimensional Standards Build-to-Line • Primary pedestrian access points to buildings shall be located along the Primary Front Facades • The Build-to-Line may be extended by 20 ft. if the area is used for outdoor dining
  • 25. Design Standards Architectural Design Standards Visual mass of buildings shall be de-emphasized through the use of architectural and landscape elements Horizontal Articulation Vertical Articulation
  • 26. Design Standards Architectural Design Standards Minimum requirements for area of windows • Upper floors: – 20% of façade covered by windows • Ground floor: – 65% of façade covered with windows (including window in door)
  • 27. Design Standards Parking Structures • Pedestrian-oriented facade • Active uses at first floor facing pedestrian-oriented streets • Primary building entrances shall be visible and articulated toward the street parking
  • 30. Opportunities Identified in Econsult Study CityAve offers savvy real estate professionals boundless opportunities: • Abundant, well-educated workforce • Per capita income higher than surrounding areas • Business tax is 6% lower than most alternatives (Township has lowest tax burden for all industries) • Lower unemployment rate than surrounding areas • Top industries include higher education, broadcast, healthcare, finance, and insurance
  • 31. Now’s the time. CityAve’s the place.