Avon Lake Lakefront District Plan

Location

North Ridgeville, Ohio

Project Type

Economic Development

Overview

The North Ridgeville Market Analysis assisted the City in better understanding market conditions for a desired town center. Many cities face high vacancy rates and a poor mix of retail tenants and typically lack the market research to understand and improve their situation. The North Ridgeville Market Analysis assisted the City in understanding a changing market place and identified business and real estate development opportunities that are realistic and unique to the community.

Scope of Services

The North Ridgeville Market Analysis evaluated the competitive advantages that North Ridgeville had in terms of mixed-use development: commercial, office and retail development, as well as appropriate housing types. The market analysis helped to identify existing needs and potential gaps in the marketplace that would drive development. It also assisted the City in developing a forecast of expected development demand.

Impact

The North Ridgeville Market Analysis is the beginning step in creating a unique identity within a suburb that has struggled to define itself.

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