local planning committee meeting #4 - fulton dri...market analysis summary –key findings city of...

Local Planning Committee Meeting #4

January 23, 2020

City of FultonDowntown Revitalization Initiative

Meeting Agenda

• Introduction

• Public Meeting Recap

• Projects / Work Group Updates

• Downtown Profile Summary

• Market Analysis Summary

• Next Steps

• Timeline


Public Meeting #2 - Recap


• Great attendance

• Multi-generational participation

• Positive feedback on proposed projects as a whole

• A lot of renewed excitement for the DRI process

• “Seeing these projects makes it feel real”

• “I wish I had more than 10 tokens – so many of these projects are great”

Public Meeting #2 – Public Feedback


• 533 S 4th St

• Canalview Marina

Revitalization

• Cayuga St Café

• Fulton Public Library

Renovations

• Indoor Sports Complex

• 310-312 Division Street

• Case Lee / Coffee Shop

• CNY Community Arts

Center - Phase 3

• Condo Rooftop

• Former Nestles site

Retail/Commercial

Development

• Fulton Multi-Use Trail

System

• Gateway Square

• Blue Moon Grill Rooftop

• Dizzy Block Brewing

• Fast Casual Restaurant

• Fulton

Microenterprise/Small

Business Loan Fund

• Huhtamaki Packaging

Upgrades

• Oswego County IDA

Manufacturing Building

• Oswego Health Urgent

Care Expansion

• Riverside East

Housing/Retail Project

• 63 S 1st St

• Chocolate Works

Museum

• Downtown Fiber-

Optics/Wi-Fi

• Empire Drone Company

• Glass Atriums

• Mama Gina's

• NYS 481 Gateway

Pedestrian Crossings /

Streetscape

• Red Baron Pizza

• Tavern on the Lock

Expansion

• Behavioral Urgent Care

• Eastern Shore Insurance

Building Renovations

• Fort Frisbee

• Fulton Family Medicine

Renovation

• Fulton Historic District

and Downtown Marketing

• Gosch Electric Façade and

New Construction

• Zoning Changes

Seniors• Shops and Stores• Places to hang out

• Riverfront not safe at night• More programming

• Need sense of community

Public Feedback – Recap of Stakeholder Discussions


Historical Society (1/23/2020)

Business Owners (1/30/2020)

Private Project Work Group 1


310-312 Division Street

Blue Moon Grill

Empire Drone Company

Eastern Shore Insurance

Fast Casual Restaurant

Fort Frisbee

Fulton Family Medicine

Gateway Square

Mama Gina’s

Red Baron Pizza

Tavern on the Lock

Private Projects Work Group 2


533 S 4th Street

Behavioral Urgent Care

Canalview Mall

Case Lee House/King’s Road Coffee

Cayuga St. Café

Chocolate Works Museum

Condo Rooftop

Dizzy Block Brewing

Gosch Electric

Huhtamaki

Indoor Sports Complex

Non-Profit Project Work Group


CNY Arts Center

Fulton Public Library

Oswego County IDA Manufacturing

Oswego Health

Municipal Project Work Group


Downtown Fiber Optics / Wi-Fi

Fulton Multi-Use Trail System

Canalview Marina Revitalization

Riverside East Housing / Retail

Former Nestle Site

NYS 481 Pedestrian / Streetscape Improvements

Historic District and Downtown Marketing

Grant/Loan Fund

Zoning Update

Glass Atriums for Cayuga Breezeways

Downtown Profile Summary


• DRI Area: Local and Regional Context

• Prior Planning Efforts & Regional Economic Development Council (REDC) Strategies

• Critical Issues, Challenges and Opportunities

• Existing Conditions Inventory• Demographics• Housing• Zoning and land use• Historic and cultural resources• Environmental constraints• Transportation and infrastructure• Anchor institutions and significant employers• Recreational opportunities

• Relevant Market Analyses

• Recent, Ongoing and Planned Projects

Market Analysis Summary - Overview


• Prepared by 4Ward Planning

• Includes the following sections• Socio-Economic Trends Analysis

• Labor and Industry Trends Analysis

• Real Estate Analysis• Multi-Family Housing

• Commercial Office

• Retail and Entertainment

• Elements of the analysis will be highlighted in the Strategic Investment Plan

Market Analysis Summary – Key Findings


• Socio-Economic Analysis• Median age in Fulton (37) is lower than the rest of

the county• Higher shares of preschool-and grade-school-age

children (14 and under)

• Fastest growing population is aged 65 and over• Maintenance-free housing or housing with supportive

services

• Labor and Industry Trends Analysis• High concentration of manufacturing, health care,

and educational services jobs• Manufacturing faring better in Fulton than the

rest of the state

Market Analysis Summary – Key Findings


Real Estate Analysis

• Multi-family Housing• Low share of owner-occupied housing units (46%)• Estimated demand of 40-100 residential units

• Commercial Office• There is a demand office space including medical and

professional office space

• Retail and Entertainment• There is demand for new restaurants and eating

establishments• Demand exists for retail, entertainment, and

recreation businesses.

Next Steps


• Cameron to obtain more information from project sponsors to provide to work groups

• LPC Work Session• Discuss findings of all work groups

• Come to a consensus on which projects to include in the Strategic Investment Plan

• Finalize slate of recommended projects that will be adopted at February 20, 2020 LPC meeting

• Cameron to work with subs to create visuals for selected projects

• Cameron to completed Draft Strategic Investment Plan for Review

Timeline


Upcoming Meeting Dates

LPC 5 – February 20, 2020

Public Meeting 3 – March 19, 2020

local planning committee meeting #4 - fulton dri...market analysis summary –key findings city of...

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