The Return on Place: How to Boost Long Island's State of Place
24
Long Island’s What’s Your Mariela Alfonzo, Ph.D. Founder, State of Place Assistant Research Professor, NYU Economic Development & Infrastructure Summit Long Island, NY State of Place™
-
Upload
state-of-place -
Category
Real Estate
-
view
82 -
download
0
description
By now, it's well known that walkability is no longer a luxury, but a key to economic development. The question now is, how do we get walkable and what's the potential ROI? This presentation shows how Long Island can once again become a destination by using State of Place to identify optimal interventions and investments that will not only boost walkability but its ROI.
Transcript of The Return on Place: How to Boost Long Island's State of Place
Long Island’sWhat’s Your
Mariela Alfonzo, Ph.D.Founder, State of PlaceAssistant Research Professor, NYUEconomic Development & Infrastructure SummitLong Island, NY
State of
Place™
Rockport (shoe company) advertisement
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
60%
OF AMERICANSSURVEYED WANT
MIXED USEWALKABLE
NEIGHBORHOODS
"I love the idea of an urban corporate campus with all the energy and variety that provides" Twitter co-founder, Jack Dorsey
+ $37 sq. ft. Office Rents
+ $30 sq. ft. Retail Rents
+340% Retail Revenues
+ $1281/Unit Residential Rent
+$347 sq. ft. For-sale Residential
State of Place™ Index: 90, Very Good
State of Place™ Index: 5, Very Low
Washington, DC
+$744 mill in residential property tax
base/neighborhood
+$96 mill in retail taxes generated/neighborhood
Long Island, NY
Existing:
$47.6B Retail Sales
$168/sq. ft. Avg. Retail Sales
Potential:
+4% retail sales premium/State of Place Point
+$12.9B Increase in Retail Sales Tax Revenues
+2.2X Average Retail Sales/sq. ft.
Long Island, NY
Existing: 1,035,988 Housing Units2700 sq. ft. Average Home Size
Potential:
+4.77 premium/State of Place Point
+$1T Increase in Residential Property Tax Base
47141AVERAGE WALKSCORE OF
US CITIESWITH POPULATIONS OVER
200K
Long Island, NY ,Walk Score® =51
OK, BUT HOW DO YOU FIX IT?
What’s Your
State of Place™
280+URBAN DESIGN
FEATURES
TOUCH, SEE & FEEL
WALKABILITY
FROM
ARCADES
TO
ZEBRA STRIPES
TRAINING VIDEO
+ VIRTUAL
FIELD TRAINING
TRAINED COMMUNITY MEMBERS OR
STAFF COLLECT DATA
MINUTES/B LO C K
10-15
STATE OF PLACE APP
SEAMLESSLY TRANSFERS
DATA TO SERVERS
State of Place™ Index
0 - 20
21 - 40
41 - 60
61 - 80
81 - 100
QUANTIFIES WALKABILITY & PLACE QUALITY
Very Low
Low
Moderate
Good
Very Good
0
100
State of Place™ Index: 10 DimensionsDensity Measure of compactness based on building
concentrations and height
Connectivity Ease of access within and across blocks
Form Streetscape quality; how buildings meet the street
Proximity to destinations Quantity and quality of proximal non-residential land uses; mixed use
Parks and Public Spaces Presence, quality, and accessibility of parks & public spaces
Recreational Facilities Gym/fitness facilities, Outdoor recreational uses
Pedestrian & Bicyclist AmenitiesFeatures that facilitate pedestrian & bicyclist comfort; e.g. sidewalk widths, street furniture, bike racks
Traffic SafetyFeatures that make walking and bicycling safer from motorist traffic; e.g., speed limits, traffic calming features
Aesthetics Attractiveness and maintenance
Personal Safety Features that impact perceptions of safety; e.g. graffiti, litter, windows with bars, broken windows
State of Place™ Profile
Maximum Score Possible
Ex: Traffic Safety = 42/100
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
Needs Goals Capacity
BUDGET
ROI
WALKABILITY
FEASIBILITY
State of Place™ Decision-making Framework =
Optimized Strategies
STAKEHOLDER
CAPABILITIES
PEOPLE
Desire
URBAN FABRIC
DESTINATIONS
COMFORT
LIVELINESS & UPKEEP
Feasibility: Intervention Types
State of Place™ Analytics
State of Place™ Analytics
Long Island’s
Let’s Boost
www.stateofplace.org
An company
State of
Place™
