Boosting Boston's State of Place: A Research & Practice Love Story

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TM Mariela Alfonzo, Ph.D. Founder, State of Place Research Assistant Professor, NYU [email protected] www.stateofplace.org BOOSTING BOSTON’S A RESEARCH & PRACTICE LOVE STORY

Transcript of Boosting Boston's State of Place: A Research & Practice Love Story

Page 1: Boosting Boston's State of Place: A Research & Practice Love Story

TM

Mariela Alfonzo, Ph.D.Founder, State of Place

Research Assistant Professor, [email protected]

www.stateofplace.org

BOOSTIN

G

BOSTON’

S

A RESEARCH & PRACTICE LOVE STORY

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Rockport (shoe company) advertisement

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"I love the idea of an urban corporate campus with all the energy and variety that provides" Twitter co-founder, Jack Dorsey

5 INVESTMENTM A R K E T S

58%IN

TOP VC OF CAPITAL W E N T T OCENTER C ITY

OR WALKABLE SUBURBS

80%

OF 18-34SURVEYED WANT

TO LIVE INWALKABLENEIGHBORHOODS

YEAR OLDS

40%

W I T H IN OF DAILY

GOODS &SERVICES1

WANT TO L IVE> 50 YRS OLD

MI

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47141AVERAGE WALKSCORE OF

US CITIESWITH POPULATIONS OVER

200K

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0%

20% 40% 60% 80% 100%DENSITY

FORMCONNECTIVIT

YPROXIMITY

PARKS & PUBLIC SPACESRECREATIONAL FACILITIES

PEDESTRIAN AMENITIES

TRAFFIC SAFETY

BICYCLE AMENITIESAESTHETICS

PERSONAL SAFETY

URBAN FABRIC

DESTINATIONS

HUMAN NEEDS & COMFORT

LIVELINESS & UPKEEP

STATE OF PLACE™ INDEX & PROFILE

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Very Low

State of Place™ Index Tied to Economic Value

0 - 20 Low

Moderate

Good

Very Good21 -

40

41 - 60

61 - 80

81 - 100

*PREMIUMS FOR EACH

LEVEL INCREASE

+ $9 SF OFFICE RENTS

+ $7 SF RETAIL RENTS

+80% RETAIL REVENUES

+ $300 UNIT RES. RENT

+$81 SF FOR-SALE RES. VALUE

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+ $37 sq. ft. Office Rents+ $30 sq. ft. Retail Rents+340% Retail Revenues

+ $1281/Unit Residential Rent+$347 sq. ft. For-sale

ResidentialState of Place™ Index: 90, Very Good

State of Place™ Index: 5, Very Low

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STATE OF PLACE IS AN URBAN DATA ANALYTICS PLATFORM THAT ENABLES PLACEMAKERS TO IDENTIFY AND ECONOMICALLY JUSTIFY

OPTIMAL URBAN DESIGN, PLANNING, AND DEVELOPMENT PROJECTS

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34.8 52.6

52.8 54.9

Chelsea Project Area

Chelsea Neighborhood

PRE

POST

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Chelsea Flats HealthScore: Project CriteriaProject Screening Criteria: Maximum

Possible Points: Total Points*:Neighborhood walkability 20 12Transformative Impact 15 13.5Housing choice and affordability 10 8Community safety 10 9Economic opportunity 10 4Green space and recreational access 10 7Transit-supportive development 10 7Healthy food access 5 2.5Indoor air quality 5 0Building and site performance 5 4TOTAL Project Score: 100 67

*Sum of over 25 sub-indicators

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Identify Priorities

State of Place Index

State of Place Profiles

Scenario Analysis

Run Analytics

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Platform conducts “multi-criterion assessment” to identify top urban design priorities

Dimension Performance Ranking for Goal (Walkability)

Impact* Feasibility Community Score

Density 76.5 9 .432 1 4.3 91.4Form 65.4 9 .543 1 7.1 169.1Connectivity 55.8 9 .342 1 6.3 136.0Proximity 74.3 9 .765 2 9.5 353.9Parks & Public Spaces 23.5 9 .634

27.4

873.0Recreational Facilities 13.4 9 .548

25.7

854.2Pedestrian Amenities 55.4 9 .813 3 8.6 979.0

Traffic Safety 43.1 9 .745 3 8.8 1144.5Aesthetics 58.4 9 .436 4 7.5 962.3Personal Safety 71.3 9 .512 4 9.3 529.0*Impact scores listed here are for explanatory purposes only;

the actual impact scores are proprietary.

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Identify Priorities

State of Place Index

State of Place Profiles

Scenario Analysis

Run Analytics

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Compare Interventions

See Recommendations

Compare Projects

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Choose Urban Design Dimensions To Compare

Density

Form

Connectivity

Proximity

Parks & Public Spaces

Recreational Facilities

Pedestrian & Bicyclist

Amenities

Traffic Safety

Aesthetics

Personal Safety

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Parks & Public Spaces

$80,000

Pedestrian & Bicyclist Amenities

Traffic Safety

Add Park

Add Plaza

New Plaza Park Maintenance

Arcades

Benches

Sidewalk Buffers

Street Trees

Sidewalk Buffers

Crosswalks

Curbcuts

Midblock Crossing

Pedestrian Countdown

CurbCuts

Enter Project Cost Enter Project Cost

Select Interventions

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Com. property tax

For-sale residential

Office rents

Retail rents

Residential rents

Res. property taxes

Vacancy Rates

Retail Rents

Enter Baseline

Select Goal

Calculate Predicted ROI

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Parks & Public Spaces

$80,000

Pedestrian & Bicyclist Amenities

Traffic Safety

$300,000 $150,000

$1.09/sf $0.89/sf

Park Maintenance Sidewalk Buffers Curbcuts

$1.43/sf

Predicted ROI: Retail Rents

+4.3% +3.1% +3.7%

Impact on State of Place Index

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Compare Interventions

See Recommendations

Compare Projects

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Enter Project Cost Enter Project Cost

Enter Project Information

Neighborhood 1

$1,800,000

Neighborhood 1 Neighborhood 1

Project 1 Project 2 Project 3

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Com. property tax

For-sale residential

Office rents

Retail rents

Residential rents

Res. property taxes

Vacancy Rates

Retail Rents

Enter Baseline

Select Goal

Calculate Predicted ROI

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Neighborhood 1

$1,800,000

Neighborhood 1 Neighborhood 1

$2,700,000 $2,300,000

$1.43/sf $0.99/sf

Project 1 Project 2 Project 3

$1.56/sf

Predicted ROI: Retail Rents

+6.0% +2.0% +11.0%

Impact on State of Place Index

Map It