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OPPORTUNITIES AND CHALLENGES <br />Opportunities <br />■ Good location in strong retail area <br />■ Significant daytime population <br />(employment) and it is growing <br />■ Potential to expand convenience <br />oriented retail uses - grocery, <br />drug, liquor etc. <br />■ Potential to attract other <br />complementary commercial uses <br />fitness, medical/office, and <br />entertainment <br />Economic & Planning Systems Trestle Strategy Group <br />Challenges <br />■ The Centennial Valley GDP <br />restrictions <br />• "Parcel 0" CCRs <br />■ Limited trade area growth and <br />growth in surrounding cities <br />■ Limited inventory of potential <br />retailers to re -fill the empty box <br />■ Outdated site development plan <br />■ Risk in City process and <br />entitlements <br />• Visibility and access are limited <br />McCaslin Area Development Study 1 18 <br />IDEVELOPMENT SCENARIO FRAMING <br />Options worth considering? <br />■ Options worth <br />- Alternative anchor(s) <br />• Major drivers of visitation which can support retail growth <br />• Likely not retail <br />• May require some level of redevelopment to accommodate new anchor <br />- Existing building re -use <br />• May need more than one user <br />• Example users include fitness center, entertainment center (large arcade, virtual reality), <br />showroom, flexible office space, mini -storage <br />- Mixed -use redevelopment <br />• Diversify mix to drive more visitors and bolster existing retail <br />• Office, hotel and multifamily residential uses could drive more traffic <br />Difficult to make redevelopment feasible, especially with structured parking, without housing <br />Economic & Planning Systems Trestle Strategy Group McCaslin Area Development Study 1 19 <br />10 <br />